DeFi

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

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