Technology Financial News

29.11 / 02:21

Blockchain Technology defi Exploit Compound Finance to impose lending caps in light of failed Aave exploit

On Nov. 28, users of decentralized finance, or DeFi, lending platform Compound Finance passed a proposal to impose restrictions on the maximum borrowing of 10 tokens on the protocol. The proposal was put forth by financial modeling firm Gauntlet and passed with a majority "Yes," although total turnout amounted to less than 7% of the COMP tokens in circulation.

29.11 / 02:21

business Blockchain Technology Investments FTX collapse impacts Miami’s nightclub scene: Report

The fallout from the collapse of FTX spans beyond the Web3 and crypto ecosystem. Reports gathered by the Financial Times suggest that nightclubs in Miami have been negatively affected by the collapse of the once-reputable cryptocurrency exchange.

28.11 / 21:23

business Blockchain Technology open Game7 allocates $100M in open-source technology grants for Web 3.0 gaming companies

On November 28, blockchain gaming accelerator Game7 announced that it would allocate $100 million in open-source technology grants to upcoming Web 3.0 startups. As told by the Game7, distributions will support individuals and entities building blockchain games, smart contracts, core software infrastructures, and community tooling. The grants will be paid in USD Coin (USDC).

28.11 / 17:49

business Technology Adoption virtual reality Frontier Metaverse is a new frontier for earning passive income

When new technologies and platforms are created, there are incredible discovery phases in which economic activity eventually picks up and starts taking shape. The metaverse is arguably in that discovery phase, with many entrepreneurs finding ways to earn passive income on it.

28.11 / 00:23

business Technology defi Telegram TON Telegram integration highlights synergy of blockchain community

As a result of a recent upgrade to the wallet bot, users of the Telegram app are now able to purchase and sell cryptocurrencies without leaving the application. The wallet bot was developed by The Open Network (TON, formerly Telegram Open Network) in April. The bot initially enabled users to buy, sell and trade Toncoin (TON) within the Telegram app, but a new update has added a fully functioning cryptocurrency wallet to the application.

26.11 / 20:35

Blockchain Technology defi DAO Sustainability: What do DAOs need to succeed in the long run?

The rising popularity of decentralized autonomous organizations (DAO) reflects the growing tendency toward the creation of community-focused projects within the Web3 ecosystem.

26.11 / 01:35

Blockchain Technology Developers Tech Programming languages prevent mainstream DeFi

Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years after peaking at $180 billion.

24.11 / 23:53

Blockchain Technology Scams Polkadot incentivizes its community to fight scams through an “anti-scam bounty”

Polkadot, a protocol that connects blockchains, has announced its latest initiative to help its ecosystem fight scams.

24.11 / 22:21

Blockchain Technology defi Cardano Leading Cardano stablecoin project shuts down after excruciating launch delays

On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted development, citing "funding and project timeline uncertainty." The project will remain open-source for builders while treasury balances and remaining funds will be held by Ardana Labs "until another competent dev team in the community comes forward to continue our work."

24.11 / 19:43

business Blockchain Technology MetaMask will start collecting user IP addresses

According to a revised privacy policy agreement published by ConsenSys on Nov. 23, MetaMask will begin collecting users' IP addresses and Ethereum wallet addresses during on-chain transactions.

24.11 / 14:07

Technology Climate change European Parliament Brussels recommends billions in EU funds be withheld from Hungary

The European Commission is likely to recommend that billions of euros of EU money be withheld from Hungary judging that Budapest has failed to deliver the reforms necessary to ensure such funds are protected from corruption, Euronews understands.

24.11 / 01:09

Blockchain Technology Adoption education Grant Support Casper Association launches $25M grant to support developers on its blockchain

Scalable blockchain network Casper announced the launch of its new Casper Accelerate Grant Program on Nov. 23, created to support developers and innovators who are building apps to support infrastructure, end-user applications, and research innovation on its blockchain.

24.11 / 00:49

Blockchain Technology defi Aave proposes governance changes after failed $60M short attack

On Nov. 23, one day after Mango Markets exploiter Avraham Eisenberg attempted to use a series of sophisticated short sales to exploit decentralized finance protocol Aave, project contributors have put forth a series of proposals to deal with the aftermath. As told by protocol engineering developer Llama and financial modeling platform Gauntlet both of whom are deployed on Aave:

24.11 / 00:49

business Blockchain Technology reserves audit OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves

Crypto exchange OKX has released a Proof of Reserves page that allows users to audit its reserves to make sure it is solvent. This comes at a time when crypto exchanges are coming under greater scrutiny after the collapse of FTX. OKX announced the new page in a tweet, as well as on its blog.

23.11 / 19:33

business Blockchain Technology Chinese VC loses $42M in crypto due to compromised mnemonic seed phrase

According to a new twitter post on Nov. 23, Bo Shen, general partner of the Vitalik Buterin-advised venture capital fund Fenbushi Capital, claime that $42 million worth of funds were drained from his Trust Wallet on Nov. 10. Shen, who grew up in China but now lives in Atlanta, says that the funds were his personal assets and the exploit does not affect Fenbushi-related entities.

22.11 / 21:31

Technology Adoption Gaming The rise of mobile gaming shared a lot in common with crypto gaming

Over the last decade, mobile gaming has become a consequential pillar of the interactive entertainment market. Thanks to access to smartphones, users the world over have been brought into the sphere of hardcore gamers. Now, the emergence of blockchain technology is creating a paradigm shift, offering players the ability to both truly own the assets they earn or buy in-game and the capacity to generate tangible value from their time spent playing.

22.11 / 20:13

Blockchain Technology defi Aave Exploit Mango Markets hacker allegedly feigns Curve short attack to exploit Aave

As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major short-seller attack. According to Lookonchain, ponzishorter.eth, an address associated with Mango Markets exploiter Avraham Eisenberg, first swapped 40 million USD Coin (USDC) on Nov. 13 into decentralized finance protocol Aave to borrow CRV for selling.

22.11 / 17:27

Technology LGBT European Union Viktor Orbán criticised for wearing scarf with 'Greater Hungary' map

Hungarian Prime Minister Viktor Orbán has been criticised for wearing a scarf that features a historical map of "Greater Hungary".

22.11 / 17:19

Blockchain Technology Decentralization Internet of Things Unique Web3 tech primed to democratize Internet of Things industry

We live in houses that are capable of monitoring and controlling a wide range of internal processes — from heating and cooling to security and surveillance mechanisms. Our cars keep track of external conditions and are well on their way to driving themselves. Our phones are constantly gathering valuable data and recording our activities — both on our devices and in real life.

22.11 / 15:27

Technology LGBT Evacuations raid Ukraine war: Kyiv monastery raid; Kherson evacuations; and Poland to deploy missile launchers

Ukraine's security service (SBU) has raided the main Orthodox Christian monastery in Kyiv over suspected links to Russia.

18.11 / 16:57

Blockchain Technology Bitcoin NOT Crypto self-custody a ‘fundamental human right’ but not risk-free: Community

The FTX debacle sparked an increase in calls for crypto self-custody this week, including Binance CEO Changpeng Zhao describing it as a “fundamental human right.” However, some warn that there are still risks involved when opting to hold your digital assets on your own.

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