DeFi

DeFi Protocol Sushi Falls Victim to Exploit, Affecting Web3 Connector Users

December 14, 2023 1 min read

Sushi, a well-known DeFi (Decentralized Finance) protocol, recently experienced a security breach via its Web3 connector, prompting the protocol’s Chief Technology Officer (CTO), Matthew Lilley, to issue a warning. As a precaution, users have been advised to refrain from using any decentralized applications (dApps) for the time being. The security incident involves a front-end exploit, which is a type of attack that alters the appearance of a website or application

KyberSwap Hit by $50M Cyberattack, Sending Shockwaves Through Multiple Platforms

November 24, 2023 1 min read

A cyber attacker successfully executed a $50 million heist on the decentralized exchange KyberSwap, urging users to withdraw their assets as soon as possible. The attacker primarily targeted Ethereum and USDC funds, carrying out multiple attacks across multiple KyberSwap platforms. The hacker specifically stole $20 million from Arbitrum, $15 million from Optimism, and $7 million from Ethereum. The exploit exposed flaws in the exchange’s coding, affecting liquidity provider pools in

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

August 22, 2023 5 mins read

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,

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

June 26, 2023 2 mins read

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

Federal Court Throws Out Lawsuit Against DeFi Platform PoolTogether

June 8, 2023 1 min read

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

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

June 7, 2023 1 min read

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

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

May 8, 2023 3 mins read

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

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

April 30, 2023 1 min read

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

Cosmos-Based DeFi Protocol Gains Momentum on Coinbase Listing Speculations

April 29, 2023 1 min read

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

Uniswap wallet now available on iOS App Store after initial hurdles

April 14, 2023 1 min read

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

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

April 11, 2023 4 mins read

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

Senator Elizabeth Warren Proposes Ban on Cryptocurrency Wallets

March 29, 2023 2 mins read

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