Tag: DeFi

Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen

Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen

According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed Another defi protocol has lost funds to a hacker […]

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Scoop: This Hedge Fund Is Trying To Bailout BlockFi To Counter FTX

According to a crypto news website Coindesk, a leaked call has revealed that BlockFi’s long time backer Morgan Creek Digital, is trying to raise $250 million to counter FTX’s bailout. The bailout is said to be disastrous for BlockFi’s Long time backers as it stands to wipe them out. Morgan Creek Digital to raise $250 […]

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Value Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M

Value Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M

While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao’s TVL dominates by 10.37% this weekend. Defi TVL Improves, Cross-Chain […]

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USDD Continues to Trade for Under $1 —  Tron DAO Reserve Insists Stablecoin Has Not Depegged

USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged

Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the […]

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The 2 Most Common Airdrop Phishing Attacks and How Web3 Wallet Owners Can Stay Protected

The 2 Most Common Airdrop Phishing Attacks and How Web3 Wallet Owners Can Stay Protected

In the world of cryptocurrencies, decentralized finance (defi), and Web3, airdrops have become commonplace in the industry. However, while airdrops sound like free money, there’s been a growing trend of airdrop phishing scams that steal people’s money when they attempt to get the so-called ‘free’ crypto assets. The following is a look at two different […]

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Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year

Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year

Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. […]

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Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets

Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets

On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency have been swirling. On June 12, around […]

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Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks

Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks

Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with the objective of making a “better, more […]

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