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DeFi tool to notify users about suspicious on-chain activity

The success of Web3 is dependent upon solutions to the security issues posed by distinct application structures.Web3 security companies are responsible for ensuring that blockchain-based platforms and applications are protected from cyber threats. These companies offer a variety of services, including smart contract auditing, security testing and incident response. PureFi,

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Decentralized exchange dYdX announces ‘winding down’ of services for Canadian users

Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market.In an April 7 blog post, dYdX said it will be “winding down services” in Canada, starting with halting the onboarding of new users located in

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Ethereum projects launch MEV Blocker to protect users from high prices: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.A total of 27 Ethereum projects joined hands to minimize the cost incurred by users in the form of maximal extractable value (MEV). The launch

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India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources

India's digital rupee was the subject of great interest at a recent meeting of the Group of 20 (G-20) hosted by India in Bengaluru, said RBI Governor Shaktikanta Das in a media conference on Thursday. "In fact, an eminent person from the international financial sector went to the extent of

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Names of non-US FTX users demanded by mainstream media outlets

Some mainstream media outlets have objected to attempts to withhold the identities of non-United States customers of cryptocurrency exchange FTX during its bankruptcy proceedings.In an April 4 filing to a Delaware Bankruptcy Court, media outlets Bloomberg, The Financial Times, The New York Times, and its parent firm the Dow Jones

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Ethereum projects unite to protect users from MEV-induced high prices

Over 27 prominent Ethereum projects joined hands to launch MEV Blocker, a solution that aims to tackle and minimize the amount of value extracted from their users, a.k.a maximally extractable value (MEV) — Ethereum’s invisible tax. MEV is a tax imposed on decentralized finance (DeFi) users on transactions. MEV bots can

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Allbridge to first begin repaying stuck bridge users after recouping funds

Users with funds stuck  on the multi-chain token bridge provided by Allbridge are first in line to receive compensation under a recovery plan posted by the project following a recent exploit. In an April 5 statement, Allbridge said it has already started a compensation process for users despite only “partly recovering

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