WalletConnect Secures $13 Million to Boost Onchain User Experience WalletConnect secures $13 million in Series A funding led by 1inch Network to enhance onchain user experience, highlighting DeFi’s focus on user-friendliness while raising concerns about potential centralization. WalletConnect secures $13 million in Series A funding. Funding led by 1inch Network, aimed at improving UX for […]
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Ethereum Staking for Social Impact: Lido Impact Staking Launches Lido Impact Staking (LIS) has officially entered the scene, unveiling a revolutionary platform that merges Ethereum staking with social good. This initiative allows users to stake their ETH, stETH (staked Ethereum), or wstETH (wrapped staked Ethereum) and allocate a portion of their staking rewards to various […]
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Stablecoins: The New Frontier of Crypto Crime in 2024 In 2024, stablecoins have emerged as the preferred tool for criminals in the crypto space, overtaking even Bitcoin. These cryptocurrencies, designed to mirror the stability of traditional currencies like the US dollar, are now the go-to for illegal activities. But what drives this shift? Stablecoins involved […]
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Wintermute’s Yoann Turpin Critiques CeFi, Urges Shift to DeFi for Better Price Discovery Wintermute co-founder Yoann Turpin has raised significant concerns about the inefficiencies of centralized finance (CeFi) and over-the-counter (OTC) markets, advocating for a shift towards decentralized finance (DeFi) to enhance price discovery in the crypto ecosystem. Wintermute critiques CeFi and OTC market inefficiencies […]
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Sigma Capital Launches $100M Fund: UAE’s Strategic Play in Web3 Innovation – Sigma Capital Fund I targets web3 technologies with a $100M investment. – Invests in DeFi, blockchain infrastructure, and the metaverse, among others. – Plans to support 100 startups, 25 liquid tokens, and 10 crypto funds. Introduction: Sigma Capital just dropped a hefty $100 […]
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PancakeSwap Burns $19M in CAKE Tokens Amidst Market Challenges PancakeSwap, a leading decentralized exchange (DEX), recently destroyed 8.95 million CAKE tokens worth approximately $19 million as part of its ongoing strategy to manage its token supply. Despite this significant move, CAKE’s price has fallen 32% over the past month, even as the broader altcoin market […]
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Mango Markets Shuts Down After $117M Hack, Users Given January Deadline to Exit Mango Markets, a notable DeFi platform operating on the Solana blockchain, has announced its closure following a devastating $117 million hack in October 2022. The platform’s governance voted unanimously to shut down, setting a final user exit date of January 13, 2025, […]
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Most Pump.fun Traders Yet to See Significant Profits, Data Indicates Pump.fun, a decentralized platform for Solana-based memecoins, has made waves in the world of decentralized finance (DeFi). Memecoins, cryptocurrencies often born from internet memes or viral trends, thrive on Pump.fun’s high-speed transactions and low fees. Despite the platform’s financial success, amassing nearly $398 million in […]
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Portugal’s Bank Slams the Door on Crypto Transfers Amid EU’s Tightening Grip Portugal’s largest bank, Banco de Investimentos Globais (BiG), has unexpectedly blocked fiat transfers to cryptocurrency platforms, aligning with the European Union’s new anti-money laundering and counter-terrorism financing regulations. This move marks a departure from Portugal’s previously crypto-friendly stance, with the introduction of a […]
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Orange Finance Hacked: $840,000 Stolen from Arbitrum Liquidity Project Orange Finance, a liquidity management project on the Arbitrum blockchain, suffered a major hack resulting in the loss of at least $840,000. The hackers exploited the project’s admin address to manipulate smart contracts and siphon funds, sparking urgent calls for improved security measures across the DeFi […]
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