DeFi

Aave’s CEO Shares Insights on the Future of Decentralized Finance

February 7, 2023 1 min read

Stani Kulechov, the founder and CEO of Aave, shared his insights on the DeFi space in a fireside chat with Alex Cohen at the StarkWare Sessions event during ETHTLV 2023 week in Tel Aviv, Israel. During the interview, Kulechov discussed the potential for wider adoption of DeFi and how it offers better risk management compared to traditional finance products. Kulechov believes that stablecoins and payments play a crucial role in

Hacker Acquires stETH on Large Margin using Wormhole

February 7, 2023 1 min read

The funds from the Wormhole hack, which was the largest inter-blockchain bridge loss of $325 million, have been linked to a leveraged bet on LidoDAO’s staked ETH (stETH). The thief used a series of looping transactions with LidoDAO’s stETH and MakerDAO’s DAI to become the world’s fifth-largest stETH holder. Chainalysis detected the first movements of the stolen Wormhole Ether on January 30, 2023. The stolen funds were converted into stETH

Solana’s Everlend Protocol to Close Down

February 3, 2023 1 min read

Solana-based DeFi platform, Everlend, has announced that it is shutting down due to a lack of liquidity and a shrinking borrowing and lending market. The project mentioned that even with sufficient runway, continuing to operate and develop the protocol would be a “gamble.” Everlend has switched to withdrawal-only mode and encouraged users to remove their deposited funds. The codebase for the protocol will become open-source, allowing anyone to continue the

BNB Chain and Fellaz Team Up to Bring NFT Ticketing to Ultra Music Festival in Abu Dhabi

February 2, 2023 5 mins read

Abu Dhabi, UAE, 2nd February, 2023 A major step forward in using mainstream blockchain technology in the entertainment industry, offering a secure and convenient way for music fans to buy and manage tickets BNB Chain, the world’s largest smart contract blockchain in terms of daily active users, and Fellaz, a leading Web3 entertainment ecosystem, have announced the launch of a blockchain-based ticketing solution for Ultra Abu Dhabi, the premier EDM music festival,

Mango Markets Exploiter Facing Regulatory Consequences, Says Moody’s

February 2, 2023 1 min read

Moody’s credit rating firm has stated that recent charges against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance (DeFi) space. The enforcement actions by the SEC and CFTC in January show that DeFi is becoming a safer and more regulated environment. Moody’s sees this as a credit positive for the industry and could lead to wider adoption among institutional and retail investors. The firm

Nostr Unveils Mobile App Damus for Decentralized Social Networking

February 2, 2023 1 min read

Nostr, the decentralized social network, has finally launched its mobile app, Damus, on Feb. 1. The app is now available for download on both Google Play and the App Store. The launch was greeted with enthusiasm by Twitter co-founder Jack Dorsey, who called it a “milestone for open protocols.” Dorsey had previously donated Bitcoin to Nostr protocol and made reference to it in his Twitter bio. Damus operates like Twitter

VitaDAO Secures $4.1M Investment from Pfizer Ventures for Longevity Studies

January 31, 2023 1 min read

VitaDAO, a Decentralized Autonomous Organization (DAO) focused on longevity research, has closed a $4.1 million funding round led by Pfizer Ventures. The funding round also includes contributions from Shine Capital, L1 Digital, BeakerDAO, Spaceship DAO, former Coinbase CTO Balaji Srinivasan and Retro Biosciences’ Joe Betts-LaCroix. VitaDAO was founded in 2021 with the aim of funding research into diseases of aging and cellular biology, and has deployed over $3.5 million towards

BlockFi Authorized to Organize Mining Auction

January 31, 2023 1 min read

BlockFi, the bankrupt crypto lending platform, has received court approval to auction its Bitcoin mining business. The company has received bids for its assets and is expected to receive more due to favorable market conditions. BlockFi’s assets include ASICs (mining computer hardware) and the bids for these assets are due by Feb 20, with an auction to be held a week later. Bitcoin’s recent rise in price has brought Bitcoin

CreamFinance Suffers Major Loss as Hackers Transfer Over $3.26 Million in Ethereum

January 30, 2023 1 min read

An anonymous address suspected of exploiting CreamFinance, a decentralized finance platform, transferred 365.7 ETH ($600,000) to TradeOgre crypto exchange. The address has transferred a total of 2,070 ETH ($3.26 million) to TradeOgre since January 9, 2023. The nature of the exploitation and identity of the exploiter remain unknown, and CreamFinance has yet to issue a statement. The transfers to TradeOgre suggest the exploiters are trying to liquidate their gains. The

Baidu to launch AI chatbot challenging ChatGPT

January 30, 2023 1 min read

China’s largest search engine company, Baidu, plans to launch an AI chatbot service similar to OpenAI’s ChatGPT in March. The tool, which has yet to be named, will be initially embedded in Baidu’s main search services and allow users to get conversation-style search results. Baidu has invested billions of dollars in AI research in recent years and its Ernie system, a large-scale machine-learning model, will serve as the foundation for

GAIN Expo, May 04-05, Amsterdam, The Netherlands

January 29, 2023 1 min read

Not every leader is an innovator. But every innovator is a leader. On May 4–5, Amsterdam will be held the first event dedicated to innovation in the game industry. The exhibition will feature over 50 exhibitors who want to share their innovative products and developments.   How to use it? What is the interest? Why do you need to integrate it into your business now?   Take everything you have about NFT,

Fluidity Introduces a Fair Rewards System for True DeFi Participants

January 28, 2023 1 min read

A new project named Fluidity aims to change the way crypto coins are handed out for different projects. Instead of rewarding mercenary farmers, Fluidity wants to pay people for actually using a protocol. The project works by allowing users to deposit a stablecoin into the Fluidity protocol and receive a Fluidity-wrapped token (fToken) in return. The stablecoin is then deposited into a yield-earning protocol like Aave or Compound, and the