Cryptocurrency Analysis and News Portal
The rise of the DeFi sector has brought a lot of new projects to the attention of the crypto community, as DeFi aims to offer decentralized banking services, particularly targeting the unbanked and underbanked. The year 2020 has been a great year for cryptocurrencies. Despite the fact that it has been
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The latest face-saving communique from Seychelles-domiciled crypto exchange KuCoin – hacked almost two months ago for over $280 million – is that 84% of the affected assets have been recovered. Some victims will be glad the situation seems to be moving towards resolution. Others, not so much.Leaving aside the conspiracy theories,
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A new report jointly developed by DappRadar and Monday Capital analyzes the token distribution and governance proposals seen in major DeFi protocols. Despite efforts to decentralize control in the yield farming phase, the researchers maintain that many projects — especially those with strong venture capital roots — remain highly centralized.The
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The Open DeFi Alliance has announced the launch of a western arm and onboarding of eight new member firms. Launched last month, the alliance seeks to unite leaders of the DeFi sector by forming a global cooperative consortium focused on innovation, risk management, and liquidity strategies.New members include decentralized finance
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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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Non-fungible tokens (NFTs) are vying for a bigger slice of the crypto pie. In recognition of this, the
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Following news of a security breach resulting in the loss of more than $200 million worth of tokens on KuCoin, many projects quickly reacted to prevent users’ holdings from being moved off to other exchanges. Speaking to Cryptox, KuCoin Global CEO Johnny Lyu said at least $129 million of the tokens
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BASED has a new method for aligning decentralized finance (DeFi) projects with each other. At its core is a smart contract called Moonbase, CryptoX has learned. Based.Money is a project of the Ghouls, a loose consortium of crypto developers, artists, designers and meme makers. Friday night, the outfit will release its
Read MoreTwelve out of 15 of the most popular decentralized finance protocols still have access to a ‘God Mode’ admin key, according to data on review platform DeFi Watch.These full-access controls allow developers to modify or replace the smart contracts underpinning their projects, including making adjustments to user balances.While admin keys
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Some crypto projects fail to lift off. Others generate enormous traction and turn into industry’s rock stars. How
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