Four hacks in a week are too much, even for DeFi. If people actually used insurance against hacks, this week would definitely have bankrupted a great many insurers. A total of four flash loan-enabled exploits were registered in the span of one week (one of them actually happened the week before, but nobody noticed until […]
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Rival decentralized exchanges are upping their liquidity mining rewards to attract Uniswap’s former-liquidity providers, leading to SushiSwap’s TVL tripling in one week. With leading decentralized exchange Uniswap having ceased its yield-farming incentive program, rival automated market makers 1inch, SushiSwap and Bancor are snapping up liquidity providers with targeted rewards. On Nov. 17, the same day […]
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The recent DeFi downturn has impacted the treasuries of decentralized autonomous organizations by 40% in a month Decentralized autonomous organizations (DAOs) were heavily hit by October’s decentralized finance (DeFi) downtrend, with the total value of assets managed by DAO’s crashing by 40% from 30 days ago. According to data from DeepDAO, the combined assets under […]
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“Defendants say, in passing, that Israel is the more appropriate forum, but fail to provide any supporting detail,” stated lawyers in the class-action suit. Lawyers representing investors for BProtocol Foundation, the parent company of decentralized liquidity network Bancor, are asking for the case against the blockchain firm to be tried in the United States. According […]
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If you look at its governance, definitely not. No major euphoria-worthy moments happened this week — the ecosystem is still cooling off. I think the biggest sign of that is Uniswap’s trading volume. After hitting a peak of slightly less than $1 billion in daily volume in early September, those numbers steadily deflated. Courtesy of […]
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There ain’t no such thing as a free lunch, however. Bancor is updating its protocol once more to defeat the insidious issue of impermanent loss, which it earlier called “DeFi’s dirty little secret.” Impermanent loss, also called divergence loss, affects exchanges based on automated market makers like Bancor or Uniswap. It happens when the prices of […]
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Lawyers argued the complaint was “based on a man in Wisconsin using an exchange in Singapore to purchase tokens issued by a Swiss entity.” The legal team for a crypto firm facing possible securities law violations is asking for the case to be dismissed on geographical grounds. According to court records filed Oct. 13 in […]
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Using weak seed phrases means instant loss of funds on the Bitcoin network. The concept of a blockchain “dark forest” has been popularized recently by Ethereum and the existence of front-running bots that will copy any profitable transaction pending for submission. The bots are able to assess if any given transaction that just entered the […]
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The current DeFi ecosystem’s trajectory is reminiscent of the ICO boom. As the majority of DeFi related tokens continue to beat a retreat from their peaks this year, industry experts have weighed in on whether the decentralized finance bubble has burst, or if it will rise from the ashes. Top quality projects like Chainlink, Aave […]
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Although it’s still impossible to pay with ETH where only BTC is accepted, cryptocurrency interoperability is being explored. Today, paying for purchases in cryptocurrencies no longer seems like something out of the ordinary. Many online stores accept Bitcoin (BTC) and other coins along with traditional currencies, while in some cafes, cryptocurrency holders can even pay […]
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