API3, a service that provides DeFi data feeds to blockchain-based smart contracts without relying on a third party, has raised $4 million in a funding round led by DWF Labs. Market maker and multi-stage Web3 investment firm DWF Labs led the funding round and contributed $2 million. Other funding came from Spartan Group which contributed…
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A new investigation led by ZachXBT on on May 27 implicated the creators of a new memecoin in hacking a crypto influencer’s account, exposing a complex scheme to manipulate cryptocurrency prices. The probe, conducted by the pseudonymous blockchain investigator ZachXBT, uncovered that the team behind CAT, a Solana-based memecoin, hacked the Twitter account of crypto…
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After a 100% plunge in the price of $NORMIE following a smart contract exploit, the Normie memecoin team mulls negotiating with the accused hacker to recover 90% of the stolen funds, causing a $41.7 million drop in the market cap in under three hours. The hacker offered to return 90% of the stolen Ether, so…
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The recent two-day outage of the Degen Chain proved to be more than a minor inconvenience. It caused severe disruption as the network failed to produce a block for over 53 hours. This disruption had a cascading effect, rendering the network and its associated applications unusable. According to its block explorer, the network stalled at…
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Rain cryptocurrency exchange experienced a potential exploit on April 29, which transferred approximately $14.1 million worth of various cryptocurrencies to a new wallet under suspicious circumstances, according to a May 13 report from on-chain analyst ZachXBT. ZachXBT shared the information via their Telegram channel, noting that the exploit occurred on April 29. It entailed suspicious…
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Eduard Jubany Tur, the founder of ZKX, a decentralized perpetual futures exchange on Starknet, sat down for an exclusive interview with Cryptonews Podcast. He talked about the growth of the crypto industry in Asia, which is home to most of the early adopters, and the region’s key relevance for the industry. Tur also discussed differences…
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A fork of the Gains Network – an ecosystem of DeFi products on Polygon and Arbitrum – was allowing traders to claim 10X gains on every trade, no matter the price of their tokens traded, according to blockchain security experts. Gains Network Infinite Money Glitch Gains Network holds a total value locked (TVL) of $20.29…
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Popular decentralized finance (DeFi) protocol Curve Finance has awarded a security researcher $250,000 for discovering a critical vulnerability that has historically enabled hackers to siphon off millions of dollars from cryptocurrency protocols. The researcher, known as Marco Croc from Kupia Security, identified a reentrancy vulnerability in Curve Finance and elaborated on the bug’s potential for manipulating balances…
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In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics, indicating investor preference and market sentiment during this period. Hopes For Second ‘DeFi Summer’ Per the report,…
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Decentralized finance (DeFi) protocol dYdX is currently investigating an unexpected halt in block production following a scheduled upgrade of its chain on April 8. dYdX has confirmed the outage on its mainnet and noted that ecosystem engineers are currently debugging the issue. According to an incident report, the outage has been ongoing since 6:50 a.m.…
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