DeFi

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

Mango Labs Takes Legal Action Against Alleged Hacker Eisenberg

January 27, 2023 1 min read

Avraham Eisenberg is facing a legal battle with the Solana-based decentralized exchange (DEX) Mango Markets over a “profitable trading strategy” he allegedly used to exploit a vulnerability on the platform and take advantage of the exchange’s users. In October 2022, the trading platform reported an anomaly and took precautionary measures to protect users’ funds. The hacker was identified as Avraham Eisenberg and the U.S. Department of Justice arrested him for

Aave launches version 3 of its lending protocol on Ethereum

January 26, 2023 1 min read

Decentralized finance (DeFi) lending platform Aave is set to launch the third version of its lending protocol, Aave v3, on Ethereum after a successful vote by the platform’s DAO (Decentralized Autonomous Organization). Aave v3 on Ethereum will support seven assets: wrapped bitcoin, wrapped ether, wrapped staked ether, USDC, DAI, link, and Aave. The asset selection was proposed by DeFi risk manager Chaos Labs and approved by the Aave DAO in

Uniswap V3 to take on PancakeSwap in the DeFi space

January 26, 2023 1 min read

Uniswap, a decentralized exchange platform, has announced that its proposal to deploy its V3 version on the Binance Smart Chain (BSC) has passed a “temperature check” vote with 80% in favor. The proposal, which was first published on January 17th, highlighted the reasons for the proposed deployment on the Binance Smart Chain including the growing user base and high transaction speeds and low fees. This move could pose a significant

ZenGo Becomes First Non-Custodial Wallet on Polygon with no Seed Phrase Vulnerability

January 26, 2023 3 mins read

Tel-Aviv, Israel, 25th January, 2023 ZenGo has become the first non-custodial wallet with no seed phrase vulnerability to integrate with the Polygon network. As a result, Polygon users can enjoy self-custody of Polygon (MATIC), ETH, BTC, and more with secure asset recovery built-in. By leveraging advanced biometrics and cutting-edge MPC cryptography, ZenGo eliminates onboarding complexities, allowing anyone to safely set up and secure their wallet in seconds from any iOS or

Aave community to vote on version 3 launch on Ethereum

January 25, 2023 1 min read

Aave Protocol is voting to execute its third iteration, or v3, on the Ethereum blockchain, a critical moment for the decentralized finance (DeFi) community, which hopes to benefit from v3’s focus on risk management and capital efficiency. Aave’s Twitter account is calling v3 the “most significant upgrade to the Aave Protocol” since it launched in January 2017. The vote ends Jan. 25, 2023, at 18:58 UTC. If the proposal passes,

Genesis creditors take legal action against Barry Silbert and DCG for securities violations

January 24, 2023 1 min read

Digital Currency Group (DCG), a Connecticut-based cryptocurrency firm, is facing a new class-action lawsuit from creditors of its subsidiary, Genesis Capital. The securities class action (SCA) lawsuit was filed by Connecticut-based law firm Silver Golub & Teitell (SGT) on behalf of individuals and entities who entered into digital asset lending agreements with Genesis. The complaint against DCG and CEO Barry Silbert alleges that Genesis engaged in an unregistered securities offering

BlockFi Fights to Hold on to Staff in the Face of Bankruptcy

January 24, 2023 1 min read

BlockFi has been actively seeking court approval to pay retention bonuses to certain employees to prevent a mass exodus. The company filed a 14-page witness declaration with the U.S. Trustee and the creditors’ committee on Jan. 23, 2023, to support the petition. The proposed retention bonuses range from 10% to 50% of the employees’ salaries. The court’s decision is pending. In the meantime, BlockFi has experienced some personnel loss. Since