Source: Adobe/Nik_Merkulov The DeFi protocol yearn.finance (YFI) is set to merge with SushiSwap (SUSHI), another leading DeFi protocol, with their respective tokens surging. SUSHI is up 27% in the past 24 hours, trading at USD 1.87 (09:11 UTC), YFI jumped by almost 8%, to USD 27,380. Per a blog post from YFI founder Andre Cronje,…
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"A superior stablecoin for the Ethereum network," Origin Dollar (OUSD), has been hacked, becoming at least the fourth decentralized finance (DeFi) project, attacked less than in a month. "There has been a loss of funds of around USD 7m, including over USD 1m of funds deposited by Origin and our founders and employees," confirmed Matthew…
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Decentralized finance (DeFi) platform Akropolis is seeing its native coin AKRO drop nearly 20% in a day so far, following a hack that made the attacker some USD 2m richer. AKRO, ranked 268th by market capitalization on Coinpaprika, is trading at USD 0.0097 this morning (at 7:27 UTC). It dropped 19.88% in single day, trimming…
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Source: a screenshot, Instagram/binance Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Binance announced that its Security team helped recover 99.9% of an estimated USD 345,000 worth of funds stolen as the result of an exit scam conducted by…
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Following the launch of JustLink as an "oracle answer for Chainlink on Tron," some are thinking it’s more than just an answer – accusing the team behind the network and the project’s founder Justin Sun of another blatant copy-paste. Meanwhile, the network’s mainnet suffered an attempted attack today. Just a couple of days ago, on…
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Siam Commercial Bank (SCB), one of Thailand’s biggest commercial banks, is set to partner/collaborate with a local DeFi player through a subsidiary – in a week when banks all over Asia have shaped up to make major moves in the crypto scene. (Updated at 13:28 UTC: the first sentence was corrected to clarify that SCB…
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DeFi darling yearn.finance (YFI), a token that was beating out bitcoin (BTC) for the top spot as the most valuable crypto on the market, keeps tanking while its founder’s new token skyrocketed by more than 1,000% in a day. Despite BTC being the most popular cryptocurrency in the world, garnering a near-constant stream of attention…
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Source: Twitter/@harvest_finance Another decentralized finance (DeFi) project, Harvest Finance, has suffered a flashloan attack that lasted for seven minutes, with reportedly at least USD 24m exploited. The DeFi side of the Cryptoverse has been on high alert in the last six hours, with many calling for people to withdraw funds from Harvest Finance, as the…
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Source: Adobe/Сергей Шиманович The Digital Currency Group has suggested that the decentralized finance (DeFi) movement could one day outgrow the blockchain network it was primarily built upon – Ethereum (ETH) – and claimed that its founders were “more bullish on DeFi than on its current technical underpinning,” namely the Ethereum network. The group, which has…
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Dash (DASH), one of the most widely adopted cryptocurrencies in the market, outperformed 98 largest coins by market capitalization today, rallying on a decentralized finance (DeFi)-related partnership news. At the time of writing (12:08 UTC), DASH is trading at a price of almost USD 74, jumping up 10% in the past 24 hours, ranking it…
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