Hacked DeFi service Furucombo will issue “iou” tokens as part of its compensation plan to repay 22 affected users. Decentralized finance transaction combination tool Furucombo will compensate the victims of a recent “evil contract” exploit that cost the protocol $15 million in stolen funds. Following an internal call with affected users last week, Furucombo released…
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Education and accessibility are crucial to make DeFi more accessible to the upcoming inflow of retail investors. Engaging in the traditional financial markets has become less appealing to consumers and institutional investors as of late. New opportunities are plentiful, with decentralized finance getting a lot of attention. However, that new movement is not without its…
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Strong fundamentals, high-profile partnerships and a pivot toward DeFi back FET’s rally to a multi-year high. Artificial intelligence and machine learning are changing the face of commerce, computing and other technologies on a daily basis. In its most basic form, the information gathered by artificial intelligence is really just data that can be used to…
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Decentralized finance ‘Gen2’ tokens sprint forward as the broader DeFi market gasps for air As some brand-name decentralized finance (DeFi) tokens sputter, a crop of new projects have emerged that are catching strong bids on the back of aggressive yield farming programs, generous airdrops, and significant technical advances. It’s a set of outlier projects pushing…
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DeFi is “flourished by human greed,” according to a developer for the exploited project. There may be good news on the horizon for the victims of one of DeFi’s largest-ever exploits. At 5:30 AM UTC today, a Meerkat Finance developer identifying themselves as “Jamboo” posted a short message in a newly-created Telegram channel, “Meerkatrefunds.” In…
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There are opportunities to be leveraged in bringing DeFi to the film industry, making the investing process easier and more transparent. With an explosion of video streaming as a result of the COVID-19 pandemic and now around $40 billion locked into decentralized finance protocols, it’s time for decentralized finance and the film industry to meet.…
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The relationship is “c-over” between Yearn Finance and Cover, an emotional split related to a new protocol from Cover developers. Decentralized finance (DeFi) protocols Yearn Finance and Cover have announced today the end of a protocol merger process initiated in November last year. The two protocols were initially linked during a spree of a half-dozen…
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The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto. Editor’s note Ladies and gentlemen, it is bittersweet to welcome you to the final installment of Law Decoded, at least with yours truly at the helm. Though someone may pick this newsletter back up at some point,…
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The newest Wrapped Ether has an extensive list of improvements, including the anticipated flash mint feature. A team has released WETH10, the latest iteration of the Wrapped Ether token that allows using Ether (ETH) in a DeFi setting. WETH10 carries a host of useful features, the most notable of which is the flash mint, an evolution…
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Users now need to ask: how many more protocols are at risk? At roughly 9 am UTC today Meerkat, a decentralized finance (DeFi) protocol on Binance’s smart contract platform, lost $31 million worth of BNB tokens. While the team initially claimed that they had been the victim of an exploit, they have since deleted all…
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