Tag Archives: defi

The security services platform that offers protection against Web3 bugs – Immunefi – estimated that hackers and fraudsters have drained approximately $23.4 million worth of digital assets from crypto projects in August. While the figure might sound significant, it is 92% less than the recorded losses in July when wrongdoers siphoned over $320 million. Last Month’s Numbers As analyzed by the platform, the exact losses that crypto projects suffered due to such attacks in August...

On Aug. 22, Balancer Labs stated that it had received a “critical vulnerability report affecting a number of V2 Pools.” The firm went on to warn that it had taken action, but funds may be at risk. “Emergency mitigation procedures have been executed to secure a majority of TVL, but some funds remain at risk.” Balancer advised users to withdraw from affected liquidity pools immediately. Balancer has received a critical vulnerability report affecting a number of V2 Pools....

Bitcoin und DeFi sind auf dem Vormarsch! Das dezentrale Finanzwesen (DeFi) hat in den letzten Jahren stark an Bedeutung gewonnen und sich zu einem wichtigen Treiber für Innovationen im Kryptowährungsraum entwickelt. Eine der wichtigsten Kryptowährungen, die diese aufstrebende DeFi-Landschaft vorantreibt, ist zweifellos Bitcoin. In diesem Artikel werden wir untersuchen, wie Bitcoin als Pionier und Katalysator für die DeFi-Bewegung agiert und welche...

It may not seem like it today, with crypto markets tanking, but DeFi assets have been steadily recovering over the past month, according to Glassnode. On July 31, on-chain analytics platform Glassnode published a report on the state of DeFi tokens amid this year’s regulatory issues. “Regulatory conditions in 2023 have been a tug-of-war between positive and negative news, with altcoins and DeFi tokens being the most heavily impacted,” it stated. Regulatory conditions in 2023...

The cryptocurrency industry is rapidly changing. There’s no doubt about it. From a field reserved only for cypherpunks and heavily tech-oriented people to a global phenomenon that’s now ventured into the mainstream, blockchain is no longer a topic that’s raising as many eyebrows as it used to, and Web3 became mainstream in talks. Those who’ve been following the latest gaming and NFT developments have surely heard of Animoca Brands: one of the most prominent gaming studios and...

CoinspeakerEthereum Celebrates 8th Anniversary with Impressive Feat Ethereum has achieved a significant feat of $400 billion in secured value, generating annualized profits of $3.6 billion and a total of 17.8 million blocks of digital assets. Ethereum Celebrates 8th Anniversary with Impressive Feat

A security outfit led by ethical hackers who specialize in security audits claimed to be offered a $500 bounty by DxSale Network, a decentralized token launchpad, after informing the platform of a breach that could cost it over $5 million. The reward is one of the lowest ever offered to a white hat hacker. $500 Reward for Saving $5 million Decurity, in a recent blog post, revealed that one of its researchers on June 28, 2023, discovered a bug in an unverified smart contract...

The bipartisan legislation introduced earlier this week – titled the Crypto-Asset National Security Enhancement (CANSEE) Act – that seeks to regulate the decentralized finance (DeFi) sector has caused quite a stir. Cypto advocacy groups are voicing objection to the bill arguing that such an approach would stifle innovation in the United States. Coin Center, for one, lashed out at the bill and called it a messy, arbitrary, and unconstitutional approach to DeFi. CANSEE: A...

CoinspeakerCoinMarketCap Releases Its H1 2023 Report on Crypto Market According to the CoinMarketCap report, the global crypto market demonstrated continued growth in the second quarter of the year, with the total market capitalization reaching $1.17 trillion. CoinMarketCap Releases Its H1 2023 Report on Crypto Market

Decentralized finance (DeFi) protocol Struct Finance recorded over 129% gains in its total value locked (TVL) over the past week, according to data from DeFi TVL aggregator DeFiLlama. Struct Finance’s TVL more than doubled between July 11 and July 18 from $350,820 to $800,000, and at the time of writing, the TVL was at $806,314. When measured in Avalanche’s native token AVAX, the TVL has soared from 25,800 AVAX to 57,553 AVAX. Struct Finance Gains Over 100% in TVL In the past...