Cryptocurrency Analysis and News Portal
The reserves of Terra-based lending and borrowing protocol Anchor, which offers a supposedly industry-beating benchmark deposit rate of around 20%, are sliding fast as a result of the crypto market crash.Data provided by Terra.Engineer shows reserves have slumped by half to 35 million UST – that's Terra's native U.S. dollar-pegged
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Since 2019, Swiss financial crypto intermediaries have required proof of ownership of an external wallet's address for Bitcoin withdrawals and deposits to their customers' non-custodial wallets. One automated mechanism used for this is the Address Ownership Proof Protocol, or AOPP. The Trezor hardware wallet introduced AOPP signing as part of its
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Binance Smart Chain-based Qubit Finance was exploited for over $80 million by attackers on Friday morning, developers confirmed in a post.“The hacker minted unlimited xETH to borrow on BSC. The team is currently working with security and network partners on next steps,” developers said in a tweet.The protocol was exploited
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Following one of the most tumultuous 48 hours in recent crypto history, DeFi’s most freewheeling act is showing signs that it may be coming to an end.On Thursday morning, popular on-chain analyst zachxbt revealed in a Twitter thread that 0xSifu, the pseudonymous treasury manager for decentralized finance (DeFi) project Wonderland,
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The co-founder of Ethereum’s best-known coin mixing service says that privacy protocols are defending people’s rights to financial privacy.Tornado Cash, a mixer that allows users to obfuscate their digital trail on the Ethereum blockchain, has been at the center of attention since it was revealed last week that hackers were
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Cross-chain swap Multichain is the biggest protocol by value locked on Fantom, with over $6.97 billion worth of assets in its smart contracts. In second place is the relatively new 0xDAO, which locks over $3.91 billion, while decentralized exchange SpookySwap takes third place with just over $1 billion in locked
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Decentralized finance (DeFi) project Hubble Protocol has raised $10 million in funding ahead of its mainnet launch later this month. Hubble will use the capital to expand its team and DeFi project offerings.Investors in the funding round included Three Arrows, DeFiance Capital, Delphi Digital, Digital Currency Group (the parent company
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Decentralized finance (DeFi) on Solana has been growing at a massive rate. One project to look out for, Hubble Protocol, will be making a huge addition to the DeFi offerings on Solana when it launches a stablecoin borrowing platform (being called “the MakerDAO of Solana”) on Mainnet Beta this January
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Nonfungible token (NFT) protocol Metaplex has concluded a $46 million token sale to support its strategic pivot into metaverse applications — offering further evidence that existing blockchain networks were looking to capitalize on advances in Web3 technology. The token round was co-led by venture firms Multicoin Capital and Jump Crypto, with
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Privacy coins and zero-knowledge technology, which some use to obfuscate the identity of sends/receivers and transaction amounts, have gained enormous popularity in recent years due to mounting regulatory surveillance against the crypto sector. But despite their rapid rise in market cap, critics continue to scrutinize such class of assets as
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