Cryptocurrrency News
DeFi project Swerve Finance is under governance attack, with the involved exploiter looking to steal over $1.3 million in various stablecoins. But what’s a governance attack? This type of attack involves a hacker taking control of adequate voting power to pass proposals…
Key Insights: CAKE price drops after a failed attempt to break the resistance level. Traders should monitor support levels and consider buying in during rebounds. Aroon up and Vortex Indicator suggests a cautious approach before purchasing. Bullishness in the PancakeSwap (CAKE) market…
The prominent American venture capitalist and crypto entrepreneur Tim Draper presented his speech at the 2023 Blockchain week in Paris. In his statement, Draper recited a Bitcoin song he had composed to narrate investors’ loss of confidence in banking. Draper’s piece, “The…
Stargate Foundation has been advised by FTX liquidators to avoid its DAO (Decentralized Autonomous Organization) from reissuing the STF token. Stargate Finance (STG) token is the native token of the Stargate Foundation. FTX liquidators believe that reissuing the STF token would cause…
Gaimin, Switzerland’s leading Web3 gaming developer, has activated a unique game launcher on its platform. A report from the Gaimin team dated March 16 revealed that the company would integrate a rewarding system to boost gaming interest. The team plans to launch…
The Beijing-based hackathon facilitator DoraHacks has signed a partnership agreement with Oraichain to push for the adoption of Layer 1 technologies for artificial intelligence (AI). The team plans to launch new projects to expedite blockchain-powered AI technology development. In the March 16…
The South Korean-based gaming company Wemade has sealed a partnership deal with Microsoft- backed Space and Time to expand its presence in the Web3 world. Wemade issued a report on March 15 disclosing the plans of the partnership. According to the report,…
The core developers at Hedera have confirmed that hackers have recently targeted several liquidity pools on its DEX platforms. The crypto entity is currently dealing with the theft of tokens taken from its native DEXs. According to the project engineers, hackers targeted…
Silvergate Capital Corporation has decided to opt for voluntary liquidation of its crypto banking enterprise called Silvergate bank. This decision has once again aired concerns among crypto stakeholders regarding the stability of crypto enterprises. On the other hand, some crypto experts see…
The Financial Stability Board (FSB), also known as the financial watchdog powered by the Bank for International Settlements, is attempting to broaden the international regulations focused on the decentralized finance sector. A report was issued by the FSB on the risks posed…
Pantera Capital, a prominent hedge fund in the crypto space, states that a significant role will be played by decentralized finance (DeFi) in the upcoming bull run. Joey Krug, the chief investment officer of Pantera commented on this in the exclusive newsletter…
The previous year had posed a lot of challenges to the crypto industry. They included liquidity issues, huge declines in top assets’ value, as well as a great number of bankruptcies. The market additionally went through several security threats with hackers stealing…
Midas, a custodial investment company, will shut down its activities due to a shortfall of up to $63.3M in its DeFi portfolio. Iakov Levin (the CEO and founder of Midas), who is also famous by the name “Trevor,” stated noted that the…
Vitalik Buterin (a computer scientist and co-founder of Ethereum) has discussed what he considers the 3 top opportunities to be witnessed in the crypto world at the current time. While appearing in an interview, Buterin stated that the creation of wallets that…
An Ireland-based financial services firm, Stripe, recently declared to introduce a project permitting fiat-to-crypto service to make payments convenient for businesses in the Web3 sector across several countries. The latest service offers a modifiable widget to be straightly integrated into a non-fungible…
StarkWare, a zero-knowledge-rollup tech firm, has formally turned Cairo 1.0 (its latest compiler for programming languages) to shortly be backed on StarkNet (a scaling solution based on Ethereum layer 2) in the 1st quarter of the coming year. StarkNet Attempts to Improve…
In the past two years, there had been phenomenal growth in the decentralized finance (DeFi) sector even though the crypto winter season was on. Within this sector, the lead DeFi protocol is that of Cardano while the number two and three spots…
MetaMask, one of the most popular cryptocurrency wallets in the market has made a new announcement about the launch of a new application. According to MetaMask officials, they have launched a new decentralized application (DApp) that would offer great help and utility…
Immunefi recently announced that it had managed to raise $24 million in a Series A funding round that was led by Framework Ventures. The popular bug bounty system for decentralized finance (DeFi) projects and smart contracts made the announcement in a press…
It is recorded to be the most time it has taken to discover a crypto protocol venerability. Massive Unnoticed Hack The Mirror Protocol has been a target for exploiters for more than 6 months, however the hack wasn’t noticed on the network…
