Tag Archives: defi

With the substantial growth of the Ethereum network, numerous similar systems allowing smart contract deployment emerged trying to compete. While many of them kept outlining shining plans to become Ethereum killers, some remained silent and focused on growth instead of bragging rights. This seems to be the case with Tezos – a decentralized open-source blockchain executing peer-to-peer transactions that saw the light of day nearly four years ago. It has stayed below the radar...

Jake Paul, Soulja Boy, and a slew of other A-listers such as Nick Carter, Ben Phillips, and Lil Yachty have been sued for their involvement in the cryptocurrency project SafeMoon. The lawsuit, which named SafeMoon LLC and its subsidiaries, alleged that the celebs lured in investors with misleading promotions. Celebrity Endorsements Critical to SafeMoon’s Success? According to the official document, the plaintiffs accused the celebrities of being responsible for the artificial...

Nearly $10 billion were stolen in DeFi scams and thefts only in 2021, representing an 81% rise compared to 2020, and rugpulls accounted for over 35% of all crypto scam revenue. This is according to a recent report by Elliptic. And while there are many types of scams that take place regularly within the cryptocurrency community, rugpulls are arguably the most infamous. So, What is a Rugpull in Crypto? A rugpull — from the phrase to pull the rug from underneath someone —...

Bitcoin started out as a technological experiment more than a decade ago. Since then, the global financial markets have undergone a tremendous shift. At the center of the digital currency revolution is blockchain technology which gave rise to the first-ever smart contract platform, Ethereum. Over the past years, the Ethereum network has become a significant driver offering users the ability to interact in a truly decentralized manner. Decentralized exchanges or DEXs are part...

DeFi protocols Bunny Finance and Qubit announced plans of “restructuring.” The joint statement revealed that the two projects, governed by the development team until recently, will now be managed by a decentralized autonomous organization (DAO). Restructuring, Not Disbanding According to the official blog post, the community will be granted all the relevant authority once the transition to DAO is completed. Among other tasks, the members will have the power to upgrade...

Decentralized Autonomous Organizations (DAOs) are a form of governance systems powered by their community. They can be independent of third parties, and government corporations and they also differ a lot in their business and organizational model from traditional organizations. Quick Navigation What is a DAO? In light of the above, we can pinpoint the following characteristics of a DAO: Non-hierarchical system: As the name suggests, DAOs are decentralized systems owned and...

The blockchain-based data platform – Chainalysis – estimated that the total cryptocurrency value laundered in 2021 was $8.6 billion – 30% more than 2020. According to the company, though, such an increase is somewhat expected given the considerable growth of the asset class in the past year. Crypto Money-Laundering Is on The Rise In its most recent report, Chainalysis informed that cybercriminals dealing with cryptocurrencies share one common goal: move their “ill-gotten...

The blockchain infrastructure firm – Blockdaemon – raised $207 million in a Series C funding round led by Tiger Capital and Sapphire. Following the investment, the company increased its post-money valuation at $3.25 billion. Blockdaemon’s Expansion The California-based organization finished 2021 on a positive net income trend and recently hired 150 full-time employees – mainly engineers. It also expanded its scope to Germany and Singapore. According to a recent press release,...

Über 2000 Blockchain-Enthusiasten tauschten sich auf der BLOCKCHANCE 2021 in Hamburg über Blockchain-Entwicklungen aus und gewährten einen Ausblick auf 2022. Sechs Themen stachen in über 120 Vorträgen hervor: Web3, Metaverse und DAOs Überall NFTs Einbindung in traditionelle Strukturen Die Multi-Chain-Zukunft DeFi Comeback? Regulation und Nachhaltigkeit Die Kryptostars Joseph Lubin, Michael Saylor, Justin Sun, Raoul Pal und Fabian Vogelsteller stellten aktuelle und zukünftige Projekte...

The users of cross-chain protocol lashed out over an unsolved security vulnerability that appeared earlier this week and the platform’s failure to act. Later on, though, Multichain revealed that one whitehat hacker returned 259 ETH, worth approximately $813,000. The Multichain Exploit It all started when Multichain announced the existence of a flaw that made several accounts vulnerable to malicious entities. The team behind the protocol urged its users to revoke approvals for...