Cryptocurrency Analysis and News Portal
On Friday afternoon, decentralized finance (DeFi) users discovered a researcher for Divergence Ventures, a crypto venture firm, was receiving hundreds of ETH from wallets selling recently airdropped RBN tokens – a sign of an airdrop exploit to which Divergence later admitted.The episode presents the largely unregulated, permissionless DeFi community with
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Blockchain has been one of the greatest advancements we’ve witnessed in the past few decades and maybe even in history. Bitcoin creator Satoshi Nakamoto created it with a view to upend traditional financial institutions and remove the middleman from the majority of transactions. Based on a trustless system where ‘miners’ authenticate
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sponsored Wall Street is often touted as the place where dreams come to life, but the world’s economic epicenter can also be an absolute nightmare. From brokers screaming at each other across trading floors to the modern electronic trading systems of today, money talks in Wall Street. However, while the
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The product will be launching natively on Arbitrum, per a press release provided to CoinDesk. Wu said that an Arbitrum-native release made more sense than the Ethereum base layer after the team studied various scaling solutions, coming to the conclusion that optimistic rollups would be the long-term solution to scalability. Original
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Strip Finance, a Collateralised NFT & DeFi Liquidity Protocol, is putting NFTs for better use by collateralising them for stablecoins and providing greater liquidity. A next-generation NFT platform called Strip Finance is making it possible to collateralise Non-Fungible tokens while still maintaining ownership of the assets, taking DeFi and NFTs to
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Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial institution. IMF Chief Georgieva Marks Top
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Singapore’s principal financial regulator, the Monetary Authority of Singapore (MAS), has officially approved two companies to offer cryptocurrency services in the country.MAS issued licenses to Australian crypto exchange Independent Reserve and DBS Bank’s brokerage arm, DBS Vickers (DBSV), allowing them to provide digital payment token services under the Payment Services
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Compound Finance (COMP) has seemingly suffered a token distribution bug after introducing and passing a recent governance vote that addressed rewards distribution, Proposal 62. Shortly thereafter, Compound reported in a tweet that there was unusual behavior regarding COMP distribution following the vote, but that “no supplied/borrowed funds are at risk.” The
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Emurgo, the financial arm of leading cryptocurrency project Cardano, has announced it will invest $100 million in the development of decentralized finance-based products for the ecosystem. The company will spin two subsidiaries for this task, with one being fully dedicated to incentivizing the creation of Africa-based startups that use the
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Those who bet correctly, meanwhile, win additional game tokens and are ranked by their return on investment (ROI). The yield earned in the DeFi pool will be paid out as prize money split among those who finish at the top of the competition’s “ROI leaderboard.” Hedgehog is dangling $5,000 to
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