Cryptocurrency Analysis and News Portal
Decentralized U.S. dollar stablecoin protocol Raft claims that despite multiple security audits, the firm still suffered a security exploit leading to the loss of $6.7 million last week.According to the project's Nov. 13 post-mortem report, a few days prior, a hacker borrowed 6,000 Coinbase-wrapped staked Ether (cbETH) on decentralized finance
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Taxpayers already have many crypto-tax vendors to choose from when compiling information for their tax returns, such as Token Tax, Koinly and Zen Ledger. Due to the transparency and traceability of public blockchain transactions, users simply input their pseudonymous digital wallet addresses and receive a complete, itemized and forgery-proof record
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The necessary technology is falling into place, and the industry has the right intentions — and so, hopeful, an influx of capital will soon follow. However, this time we must ensure is that DeFi's growth remains sustainable, and this can only happen if it stays on the right side of
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Binance CEO Changpeng Zhao announced plans to enhance the security and usability of defi wallets, acknowledging current weaknesses and committing to future improvements. Binance CEO Changpeng Zhao, commonly referred to as CZ, talked about problems with defi wallets at Binance Blockchain Week in Turkey. Zhao said they’re not safe enough and
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Crypto exchange Bitget has integrated a decentralized finance (DeFi) aggregator into its crypto exchange application, allowing users to swap their tokens and access DeFi services through its Web3 Wallet.According to Bitget, the effort aims to provide users with options for trading their crypto assets on the exchange. The app will
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Globally, asset management is a huge industry, with a large percentage of assets in each nation being held in ETFs, index funds and other passive vehicles. In Europe, €28.4 trillion of assets are managed by the industry, of which 20% are held in passive strategies, about half in exchange traded
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I think with crypto and Web3, we're creating a movement that is free, it's self-sovereign, and we have to make sure the Web3 stack is fully decentralized. Otherwise, there's really no point in doing what we're doing. It’s not going to be forced on anyone but I think giving people
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In the end, there might still be only a handful of actors directly interfacing with DeFi primitives. However, when these actors are vaults rather than private entities, the landscape transforms. Instead of private market makers monopolizing LP profits on decentralized exchanges, vaults can assume the same role while distributing those
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TheStandard.io suffers a $264,000 theft via a PAXG liquidity pool exploit on Arbitrum. Defi stablecoin protocol TheStandard.io has been hacked for $264,000, according to reports from blockchain security analysts CertiK. The hacker allegedly conducted a low liquidity exploit of PAXG on Arbitrum. A low liquidity exploit is a type of attack where
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Gary Gensler alluded that cryptocurrency operators tapping legal consultants could be doing so due to their supposedly unlawful securities offerings. Gensler, Chairman of the U.S. Securities and Commission (SEC), reiterated skepticism regarding crypto service providers and their lack of compliance with existing financial laws overseeing the world’s largest capital market. Furthermore, the
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