Defi Financial News

18.08 / 13:57

Blockchain defi Hackers hacks Cybersecurity security BNB hacker loses over $53M after getting liquidated in market crash

The sudden market pullback in the crypto space liquidated many traders and, according to data shown on the blockchain, the attackers responsible for the infamous BNB Smart Chain exploit, which led to the theft of almost $600 million worth of BNB (BNB) tokens.

18.08 / 12:51

Blockchain Technology Adoption defi Tech Bankruptcy What is Chapter 11 bankruptcy? Understand the basics

In the complex world of finance and business, bankruptcy serves as a crucial mechanism that allows struggling companies to reorganize and regain financial stability.

18.08 / 12:51

Blockchain defi Hackers hacks crimes Cybercrime North Korean hackers have stolen $2B of crypto since 2018: Report

North Korean hackers continue to threaten the broader cryptocurrency ecosystem, having stolen an estimated $2 billion of crypto over the past five years.

18.08 / 10:33

defi Scams Fraud How To Financial What is Feedzai, and how is it used to detect financial fraud?

Financial scams are rising, with losses amounting to $8.8 billion in 2022 alone. According to the United States Federal Trade Commission, losses from financial fraud have increased by 30% from 2021 to 2023. This paints a dire portrait of the dark underbelly of digital advancement, with scammers now leveraging generative artificial intelligence (AI) to craft increasingly complex and realistic scams.

18.08 / 09:35

Blockchain defi security Tokens Shiba Inu network Shiba Inu's Shibarium Network resumes block production after brief pause

Shiba Inu's Layer-2 Shibarium network has resumed block production following a nearly day-long transaction pause.

18.08 / 05:27

defi Hackers hacks DEX CEXs Cypher Protocol reveals $600K of stolen funds is now frozen on CEXs

Solana-based decentralized futures exchange Cypher Protocol has managed to freeze $600,000 worth of crypto stolen from an Aug. 7 security exploit.

17.08 / 15:37

Blockchain defi Cardano Ethereum is a 'dumpster fire' — Charles Hoskinson

An amusing attempt at satire has drawn the ire of Cardano (ADA) founder Charles Hoskinson, or so it appears.

17.08 / 11:55

Blockchain Technology Adoption defi Cybersecurity Smart Contracts 5 smart contract vulnerabilities: How to identify and mitigate them

Smart contracts, the self-executing code on blockchain platforms, have transformed industries by automating processes and enabling trustless transactions. However, their complexity can also make them susceptible to vulnerabilities that could be exploited by malicious actors.

17.08 / 11:01

Blockchain defi Web3 Tokens Decentralization Assets Future Real-world assets: Shaping the future of digital asset management with tokenization

Entering the “token era” remains a significant leap into uncharted territory for companies, but this doesn’t have to be the case. Brickken, an up-and-coming tokenizing solution, now helps companies to create digital tokens backed by real-world assets –– with zero downtime and instant execution.

17.08 / 00:51

Blockchain Adoption defi coinbase layer2 BaSe Onchain week A Based week: Looking back at the first 7 days of Onchain Summer

It’s been an eventful week since Coinbase launched its new layer-2 network Base to the public, bringing with it a frenzy of activity from everyday crypto users, major brands, and more unfortunately, some bad actors as well.

16.08 / 22:49

Blockchain Ethereum defi Altcoin layer2 Shiba Inu memecoin L2 Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet

Shiba Inu launched the Shibarium mainnet, an Ethereum layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created.

16.08 / 19:45

Blockchain defi Altcoin fantom Fantom DEX rescued at eleventh hour following planned shutdown

SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain.

16.08 / 19:45

defi coinbase Scams BaSe SwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reported

Base, Coinbase’s new layer 2, has been fully operational for a week and has already seen an influx of bad actors. In the latest incident, crypto lender SwirlLend, formerly active on Base and Linea, has apparently carried out an exit scam, otherwise known as a rug pull.

16.08 / 13:15

Blockchain Ethereum defi ConsenSys zk-STARK zk-Rollup zkEVM Linea $26M ETH bridged: ConsenSys completes public launch of zkEVM Linea

ConsenSys has completed the launch of its Ethereum scaling rollup Linea, onboarding over 150 partners and bridging more than $26 million in Ether (ETH) to date.

16.08 / 12:27

defi exit Linea Base and Linea Users Lose $460,000 as SwirlLend Vanishes in Suspected Exit Scam

SwirlLend, an Ethereum Layer 2 lending project active on the Base and Linea networks, has reportedly pulled off an exit scam that has resulted in the disappearance of an estimated $460,000 in user deposits.

16.08 / 12:01

defi regulation Middle east services Abu Dhabi grants virtual asset firm M2 permission to offer crypto services

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission (FSP) to virtual assets firm M2 to operate a multilateral trading facility from the United Arab Emirates capital.

16.08 / 10:19

Blockchain Technology Adoption defi Private Keys 7 ways to safely store your private keys

In the world of digital assets, private keys act as the ultimate gatekeepers, granting access to your valuable cryptocurrencies and sensitive information. Safely storing your private keys is paramount to ensuring the security of your digital assets. This article will explore seven methods for storing private keys safely.

15.08 / 15:37

Blockchain defi Sei token valued at $1.8B after beta launch, exchange listings

Layer one trading blockchain Sei Network has reached a fully diluted valuation of $1.8 billion on the initial day of token listing.

15.08 / 13:29

Blockchain Technology Adoption defi privacy Tech How to protect your privacy online

As the world becomes increasingly connected through digital platforms, preserving online privacy has become more critical than ever. For individuals engaged in the world of crypto, decentralized finance (DeFi) and blockchain — where financial transactions and personal data are often involved — safeguarding privacy is of utmost importance.

15.08 / 05:13

Ethereum defi hacks DEX Altcoin Uniswap BaSe Exploit Base project RocketSwap shares emergency plan following $865K exploit

Base project RocketSwap Labs has outlined its emergency programme to bounce back from a brute force hack which swiped $865,000 or 471 Ether (ETH) from the protocol on Aug. 14.

14.08 / 22:39

defi Analysis Africa Opinion World Economic Forum Commodity tokenization is the economic aid Africa needs

In my youth, amid Ghana’s cocoa farms, I walked with my grandfather, a soldier turned farmer. He shared how these beans fueled our nation’s pride and economy. As the digital age unfurls, I often wonder: Could the modern marvel of crypto tokenization be the change my grandfather and countless cocoa farmers need?

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