Browsing:DeFi

Zebec has launched Nautilus
1 month ago 5 mins read

Beyond Instant Payments: Zebec Launches Modular L3 Nautilus for Scalable Payment Streaming

New York, USA, August 21st, 2023 Zebec has launched Nautilus, a modular L3 network that supports its blockchain-based global payment infrastructure. Nautilus enables continuous payment streaming and real-time payroll services on a previously impossible scale. As a first-of-its-kind L3, Nautilus enables more than just instant payments. It can also facilitate Zebec Protocol’s live-payment streaming service at scale, made possible by the fastest EVM environment in web3. Capable of parallel transaction processing, Nautilus is built for scalability, interoperability, and security through interchangeable modules for consensus, settlement, data availability, and transaction execution. This modularity will have a significant impact on how web3 payment

AAVE and COMP leading the rally with a 30% surge.
3 months ago 2 mins read

AAVE and COMP Lead the DeFi Sector Rally with 30% Surge

The decentralized finance (DeFi) sector is witnessing a notable resurgence, with top tokens, including Uniswap, Aave, Compound, and Synthetix, outperforming the broader markets. In the past 24 hours, these DeFi assets have experienced significant double-digit gains, with AAVE and COMP leading the rally with a remarkable 30% surge. The rising interest in DeFi is evident as both the total value locked in DeFi protocols and the market cap of DeFi assets have witnessed a steady increase of over 10% in the last ten days. DeFi Tokens Outshine the Market While the top ten crypto assets by capitalization traded within a

A recent ruling by a US federal judge has resulted in the dismissal of a lawsuit against the DeFi platform PoolTogether.
4 months ago 1 min read

Federal Court Throws Out Lawsuit Against DeFi Platform PoolTogether

A recent ruling by a United States federal judge has resulted in the dismissal of a lawsuit against the decentralized finance (DeFi) platform PoolTogether. The judge determined that a federal court was not the appropriate venue for addressing concerns related to the DeFi startup. The lawsuit, filed by plaintiff Joseph Kent, alleged violations of gambling laws and consumer scams by PoolTogether in New York state. However, the judge found that Kent lacked standing to pursue the case as he had not suffered concrete harm at the hands of the defendants. While the lawsuit was dismissed, the judge mentioned that Kent

The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours
4 months ago 1 min read

Regulatory Pressure on Binance and Coinbase Fuels 444% Surge in DeFi Trading Volumes

The recent legal actions taken by the United States Securities and Exchange Commission (SEC) against leading cryptocurrency exchanges Coinbase and Binance have sparked a remarkable surge in trading volumes on decentralized exchanges (DEX). Over the past 48 hours, the median trading volume across the top three DEX platforms has witnessed a staggering 444% increase, reflecting the growing interest of crypto investors in alternative trading options. CoinGecko’s data reveals that Uniswap v3 (Ethereum), Uniswap v3 (Arbitrum), and PancakeSwap v3 (BSC), which collectively account for 53% of the total DEX trading volume in the last 24 hours, experienced a significant spike of

Blockchain & Metaverse Expo 2023 (ICBM Expo)
5 months ago 3 mins read

Get Ready for International Crypto, Blockchain & Metaverse Expo 2023 (ICBM Expo)

Get Ready for International Crypto, Blockchain & Metaverse Expo 2023 (ICBM Expo) – An Unforgettable Experience at the Crypto, Blockchain & Metaverse Exhibition! Are you looking to be part of an incredible event that will give you the best insight into the world of crypto, blockchain and metaverse? Look no further than International Crypto, Blockchain & Metaverse Expo ICBM Expo will take place on 7th – 8th Sep 2023 at Festival Arena Dubai. This is one of the most highly anticipated crypto conferences & exhibition of the year and you don’t want to miss out on this incredible opportunity to

Polygon-based lending protocol 0VIX fell victim to a flash loan attack
5 months ago 1 min read

Hackers Steal $2 Million from New Polygon (MATIC) DeFi Protocol

Polygon-based lending protocol 0VIX fell victim to a flash loan attack on April 28, 2023, resulting in a loss of approximately $2 million in crypto. The protocol’s oracles mechanism was exploited, allowing the attacker to manipulate the price of vGHST, a 0VIX token based on Aavegotchi’s GHST asset. The vulnerability in the oracles mechanism was identified by Peckshield, a leading Web3 cybersecurity expert. The attack began with the attacker depositing $24.5 million in USD Coins (USDC) as collateral and borrowing $5.4 million in U.S. Dollar Tether (USDT) and 720,000 USDC. They then leveraged their position by borrowing vGHST, causing the

Coinbase has announced that it will add Osmosis (OSMO)
5 months ago 1 min read

Cosmos-Based DeFi Protocol Gains Momentum on Coinbase Listing Speculations

Coinbase has announced that it will add Osmosis (OSMO), a Cosmos-based decentralized finance (DeFi) project, to its listing roadmap. This has given the OSMO token a price boost amid the ongoing market doldrums. Osmosis is an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK) that enables cross-chain transactions using inter-blockchain communication (IBC). The project’s website explains that Osmosis allows users to launch liquidity pools with unique parameters and an adaptable incentive structure. OSMO’s native governance token was trading around $0.7325 before the Coinbase announcement and has since shot up to $0.8106 at the time of

Uniswap DeFi token swap service
6 months ago 1 min read

Uniswap wallet now available on iOS App Store after initial hurdles

Uniswap, the popular decentralized finance (DeFi) token swap service, has announced that its mobile wallet has been approved by Apple’s iOS App Store. According to the update on the project’s blog, the wallet will now be available for use in several countries, with the aim to extend availability further as Apple allows it. Until recently, Uniswap’s features were mostly aimed at desktop browser users, but the mobile wallet will allow DeFi users to access most of the platform’s features on their mobile devices. However, Uniswap encountered difficulties launching its wallet on iOS devices due to Apple’s strict app store guidelines.

TemDAO World Heritage Project Helps the Cultural Sector through Democracy-Fueled Donations
6 months ago 4 mins read

TemDAO World Heritage Project Helps the Cultural Sector through Democracy-Fueled Donations

Tokyo, Japan, April 11th, 2023 TemDAO is a world heritage project that seeks to protect and preserve cultural assets through donations and democracy. The project, powered by the $TEM token, ensures the long-term sustainability of global cultural sites. Recently, TemDAO has made notable donations for preservation efforts in Ukraine, Turkey, and other regions worldwide. These actions aim to help communities preserve their existence and their global heritage. The team underlines the importance of recognizing the significance of preserving the world’s shared cultural history. TemDAO aims to positively impact global culture through its unique strategy and solutions. The Team’s Strategy for

Senator Warren’s bill seems to unfairly target decentralized finance (DeFi)
6 months ago 2 mins read

Senator Elizabeth Warren Proposes Ban on Cryptocurrency Wallets

Senator Elizabeth Warren of Massachusetts has recently proposed the Digital Assets Anti-Money Laundering Act, which aims to regulate the cryptocurrency industry. While the bill claims to protect consumers from scams, it could do more harm than good by driving cryptocurrency businesses overseas and limiting consumer choice. Additionally, the bill seems to unfairly target decentralized finance (DeFi) and impose unreasonable regulatory burdens on software developers. Warren’s proposal overlooks the fact that not all cryptocurrencies are used for purchases or openly traded. For example, Basic Attention Tokens (BAT) are earned by users of the Brave web browser for watching ads and can

Coinbase-Backed Decentralized Social Blockchain (DeSo) Revolutionizes with New Proof of Stake System
6 months ago 3 mins read

Coinbase-Backed Decentralized Social Blockchain (DeSo) Revolutionizes with New Proof of Stake System

Los Angeles, California, 24th March, 2023 DeSo, the decentralized social media blockchain, has introduced a groundbreaking Proof-of-Stake (PoS) system, setting a new standard for the industry. This innovative technology promises to revolutionize and build upon the successes of previous Proof-of-Stake systems, providing greater energy efficiency and security while making its native currency, $DESO, deflationary. Implementing this new Proof-of-Stake system marks a significant milestone for the DeSo Blockchain, a new layer-1 that raised $200 million from Sequoia, Andreessen Horowitz, Coinbase Ventures, and more. DeSo’s state-of-the-art system combines and refines all of the best elements of earlier PoS systems, including Tendermint, HotStuff, DiemBFT,

Decentralized finance (DeFi) lending protocol Euler Finance became a victim of a flash loan attack on March 13
7 months ago 1 min read

Euler Finance Takes Action to Block Vulnerable Module and Recover Funds

Euler Finance, a decentralized finance (DeFi) lending protocol, has suffered a flash loan attack resulting in the biggest crypto hack of 2023. The attack led to a loss of nearly $197 million, impacting not only Euler but also 11 other DeFi protocols. In response, Euler disabled the vulnerable etoken module and donation function to block deposits. The company has reached out to leading on-chain analytic and blockchain security firms to help investigate and recover the funds. Euler is also in contact with those responsible for the attack in hopes of negotiating a bounty for the return of the stolen funds.

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