A massive bug cannot be exploited yet as pool migration is set to continue. SushiSwap appears to be vulnerable from a sneaky bug that could multiply someone’s governance power without having to acquire new tokens. Reported by developer Jong Seok Park on Sept. 7, the bug can be described as a governance double-spend. In essence,…
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Decentralized finance has taken the crypto world by storm, reshaping the space. Blockchain technology is disrupting every sector of the global economy with its limitless opportunities and innovative products. Decentralized finance is one of the sectors that has been trying to shake the traditional financial ecosystem. The multitude of DeFi applications emerging all over the…
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A better solution might come up before it even exists. High gas fees for transactions on the Ethereum blockchain are at record highs amid the decentralized finance hype that has attracted many new users to get on board on the Ethereum network. DeFi experts and computer scientists got together on Sept. 3 for Cointelegraph China’s…
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Bella Protocol will be the first project to participate in the platform. The world’s largest crypto exchange Binance unveiled the Launchpool platform on Sept. 6. According to Binance, the new platform will allow users to have securely farm new assets as well as users will get new token rewards in return for staking BNB, BUSD,…
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Russia’s new bill brings it in line with U.K. legislators, though there is a distinction between the approach of the FCA and the State Duma. Not unlike many other jurisdictions around the world, Russia has come to recognize the potential benefits and risks flowing from cryptocurrencies by taking its first step to define and codify…
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Innovation comes with high reward and risk said the CEO’s exchange. Following SushiSwap’s dramatic drop, users blasted crypto exchange Binance for even listing the token in the first place. But Binance stands by its decision to back risky projects. Binance CEO Changpeng Zhao, better known as CZ, defended their decision to list projects and tokens…
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SushiSwap’s SUSHI gets handed over to FTX CEO after it plunged 88% in 5 days in a surprise move that caused the price to pare some losses. SushiSwap (SUSHI), a fork of Uniswap created by the controversial developer “Chef Nomi,” has been handed over to FTX CEO Sam Bankman-Fried on Sep. 6 in an unexpected…
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As trading volumes across many top DEXs continue to soar, 2020 is shaping to be the year of DeFi tech. One of the most groundbreaking advancements to come out from within the realm of blockchain technology is the concept of a decentralized exchange. In its most basic form, a DEX can be thought of as…
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DeFi ingredients are defined by the creators and developers operating in the space, and subtle variations of previous recipes create new results. In the last two months, the decentralized finance industry has seen a dramatic surge of interest, as new platforms promising to disrupt the way people manage their money, transact, earn and entertain themselves…
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Chef Nomi left some food on the table. On the heels of skepticism of the project, SushiSwap project head, Chef Nomi, dumped SUSHI tokens over the weekend. In a series of tweets, the anonymous personality Chef Nomi claimed converting SUSHI tokens is meant to move the project away from doubts on its migration from Uniswap…
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