DeFi

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.

Radix Introduce Paradigm-Shifting $300,000 Grants Program to Incentivize Serious DApps

March 1, 2023 2 mins read

Jersey, Channel Islands, 28th February, 2023 Radix, the only smart contract platform for asset-oriented web3, has announced the paradigm-shifting Radix Grants Program to incentivize developers to build within its ecosystem. The first developer program to be focused exclusively on Radix, the initiative is open to all serious DeFi and web3 devs considering building on Radix. In addition to funding, teams will benefit from hands-on mentoring and guidance from the Radix

Lendhub Protocol Exploiters Reportedly Move $3.85M to Tornado Cash for Anonymity

February 27, 2023 1 min read

Decentralized finance (DeFi) platform Lendhub was hacked for $6 million in January, and now, blockchain security firms PeckShield and Beosin have reported that the hackers have sent more than half of their stolen funds to the crypto mixer Tornado Cash. On February 27, PeckShield and Beosin reported that around 2,415 ether, worth $3.85 million, was sent from a wallet connected to the Lendhub exploit to Tornado Cash. Beosin noted that

Platypus to Develop Compensation Plan for $8.5M Attack Victims

February 19, 2023 1 min read

Decentralized finance (DeFi) platform, Platypus, is developing a compensation plan for its users following an $8.5 million flash loan attack. The attack drained funds from the protocol, leading to the destabilization of its dollar-pegged stablecoin. In response, Platypus took to Twitter to assure users that it is working on a compensation plan and asked them not to sell their assets in the protocol as this could exacerbate the situation. Platypus

TON Names Orbs As The Official Sponsor Of Two Key Global Hackathon Events

February 16, 2023 2 mins read

Tel Aviv, Israel, 16th February, 2023 Orbs is the sponsor of several exclusive offsite events for the upcoming TON global hackathon. These events will occur across Tel Aviv and London, two strategic locations for this initiative. The TON team is launching the first global Hack-a-TONx collaborative effort. DoraHacks and the TON Foundation joined forces to create this global event, with $250,000 in prizes to be distributed among participants. Several hackathons will occur

LandX Completes Security Audit with Quantstamp, Establishing Confidence in Platform’s Security

February 16, 2023 2 mins read

Dubai, United Arab Emirates, 16th February, 2023, Chainwire LandX, the decentralized Perpetual Commodity Vaults Protocol, has announced the successful completion of a security audit conducted by Quantstamp, a leader in blockchain security solutions. The audit included a comprehensive review of LandX’s smart contracts. The audit process was conducted over a period of several weeks, during which Quantstamp’s team of experts tested LandX’s code for potential security vulnerabilities, including its smart contract architecture

MetaMask Warns Users of Scam Emails Sent by Namecheap Hacker

February 14, 2023 1 min read

MetaMask has recently warned investors about the ongoing phishing attempts by scammers, who are attempting to contact users through Namecheap’s third-party upstream system for emails. On the evening of February 12, web hosting company Namecheap detected the misuse of one of its third-party services for sending unauthorized emails, which directly targeted MetaMask users. In response to the alert, MetaMask reminded its million followers that it does not collect Know Your