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Harvest Finance: $24M Attack Triggers $570M ‘Bank Run’ in Latest DeFi Exploit

An arbitrage trade exploiting weak points in decentralized finance (DeFi) protocol Harvest Finance led to some $24 million in stablecoins being siphoned away from the project’s pools on Monday, according to CoinGecko.According to reports, an attacker used a flash loan – a technique that allows a trader to take on

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US Homeland Security Funds Anti-Forgery Blockchain Projects in Latest R&D Round

The U.S. Department of Homeland Security’s research and development wing, the Science & Technology (S&T) Directorate, on Friday awarded $817,712 in total to five blockchain startups in a bid to reimagine the federal government’s anti-forgery and counterfeit prevention operations. From creating digital Social Security Number alternatives to building e-commerce tracing

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Boeing Is the Latest Company to Escape a Hostile Business Environment

Boeing is departing the state of Washington.One state senator thinks Washington’s hostile business climate is partly to blame.That’s part of a rising trend of hostile business environments that could lead to significant shifts in the years ahead.Aerospace giant Boeing has long been synonymous with its roots in the Pacific Northwest.

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Blockchain Bites: Coinbase’s Severance Offer, DeFi’s Latest Fund, Overstock’s Legal Win

Coinbase will offer non-aligned employees a severance package, Kadena looks to cut into the DeFi market with a new decentralized exchange and Sushiswap is hemorrhaging liquidity. Top shelfSeverance offerCoinbase CEO Brian Armstrong sent his employees a letter telling them to get in line with a new company “culture shift,” offering those unwilling

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Blockchain Bites: BTC on Ethereum, DeFi’s Latest Stablecoin, the Currency Cold Wars

DeFi Pulse fixed a bug that led to a substantial misreporting of total value in decentralized finance protocols, former acting White House chief of staff Mick Mulvaney joined the Chamber of Digital Commerce and there’s a new stablecoin that functions like a savings account. Top shelfFresh capitalCrypto projects are raising funds as

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