A hostile takeover could by underway for decentralized finance (DeFi) resource DefiLlama, as an internal rift among key team members has been exposed. The internal rift is related to the launch of a token for DefiLlama called LLAMA, which is to be launched by DefiLlama’s top management without the support of key employees, several anonymous…
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With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s…
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Cardano (ADA), the cryptocurrency that powers the smart-contract-enabled Cardano blockchain, was last changing hands around $0.34 per token, up around 4% on the day amid a broader rally in cryptocurrencies, but lifted somewhat by positive news about the Cardano development team delivering a new network upgrade…. Read More: Cardano Price Forecast as On-Chain Data Shows…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: ‘If Government Bans Drugs, It Should Ban Crypto’, SVB Financial Group Files for Bankruptcy, BlockSec Stops Hacker from Stealing ETH 2,900 Read more »Sign up for e-EUR –…
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In an exclusive interview with Cryptonews, William Quigley, the co-founder and CEO of decentralized blockchain WAX and co-founder of USDT issuer Tether, shared his insights on the crypto and blockchain industry’s future amid recent challenges. Quigley, who has over 30 years of experience in technology and finance, remains optimistic about the sector’s recovery, emphasizing the…
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Wallet addresses linked to the recent exploit of Euler Finance and last year’s breach of Axie Infinity’s Ronin Network have shown interactions, fueling suspicions that North Korean cybercriminals could potentially be involved in the latest assault on Euler…. Read More: Wallet Addresses Linked to $200 Million Euler Exploit and Axie Infinity Hack Mysteriously Interact –…
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DeFiance Capital has reportedly raised $100 million for its liquid token fund. The Block reported that the crypto investment firm completed the first close of the new fund, citing “two sources with direct knowledge of the matter”. The company confirmed the news by retweeting the news story on its official Twitter account, as did its…
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Ethereum-based lending protocol Euler Finance has fallen victim to a flash loan attack resulting in around $200 million worth of digital assets stolen from the project. The losses occurred over six transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC, and were carried out by two attackers, according to crypto analytic firm Meta Seluth. ……
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On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling Decentralized Text-based App Read more »Sign up for e-EUR – the progressive stablecoin
