According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed Another defi protocol has lost funds to a hacker…
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“If any part of their business model incorporates centralization then it is centralized no matter what other decentralized features it deploys.” “It is vital that people understand how the assets they are pledging to a centralized entity are being used.” ‘”If users demand more decentralization within crypto lending they simply have to vote with their…
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Pure decentralized finance (DeFi) protocols have fared far better than the more centralized crypto lending and borrowing companies during this bear market. This proves that computer code and transparent standards give “a better outcome,” crypto essayist and former BitMEX CEO Arthur Hayes wrote…. Read More: Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than…
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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: Celsius’ Options, Tether’s Commercial Paper, Blockchain.com vs. Three Arrows + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the U.S. dollar in recent times. During the last seven days, LUNC has risen 96.3% and the once-stable coin UST has increased 472.4% this week.
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After the EU has reached an agreement on cryptoasset regulation that sets out strict rules for all actors in the crypto market, the crypto industry reminds itself that there’s still “more work to be done.”… Read More: ‘More Work to Be Done’ as EU Imposes Strict New Crypto Regulations Read more »Pay, Trade, Buy Bitcoin…
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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: eBay’s NFTs, Yield on Ledger, Axie Infinity’s Ronin Bridge Reopens, Celebrity Crypto Scams + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
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: Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The hacker of XCarnival, a lending aggregator for metaverse assets, has accepted a bounty of ETH 1,500 (USD 1.85m) in exchange for the return of the remaining ETH 1,467 (USD 1.8m) and the team not pursuing legal actions. Etherscan transactions show that the hacker has already sent ETH 1,467 to the address shared by…
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Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze. Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the coming months. ETH/BTC weekly price chart. Source: TradingView ETH/BTC dynamics The ETH/BTC pair’s…
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