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

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

March 26, 2023 3 mins read

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

Euler Finance Takes Action to Block Vulnerable Module and Recover Funds

March 14, 2023 1 min read

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

DeFiChain To Sponsor the National Fighting Championship in Germany

March 8, 2023 3 mins read

Singapore, Singapore, 7th March, 2023 DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that its community has voted to sponsor the National Fighting Championship (NFC) this year. The NFC is the German version of the widely known UFC, in charge of the mixed martial arts (MMA) fighting league in Germany. NFC is the biggest German

Aave Initiates Governance Talks to Launch on Upcoming Polygon zkEVM Mainnet

March 3, 2023 1 min read

Decentralized lending protocol Aave is exploring the possibility of deploying an MVP version of Aave version 3 on Polygon’s upcoming zkEVM Layer 2 network. The main aim of the proposal is to establish a strategic Aave presence on the new network early on, after the mainnet beta goes live on March 27. To minimize risks, the proposal recommends onboarding only a limited number of assets and setting conservative risk parameters.