Tether Deploys USDT Stablecoin on Tezos Blockchain

Tether has deployed the USDT stablecoin on Tezos, becoming the 12th blockchain on which the popular stablecoin is available. Sponsored Sponsored The deployment of Tether onto several blockchains has helped USDT reach a staggering market cap of $72.5 billion. The second-largest stablecoin by market cap, USDC, has only $53.9 billion. The stablecoin was most recently … Read more

Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M

A proposal has been made to shut down DeFi credit protocol Mars following the spectacular collapse of the UST stablecoin, and its sister token LUNA, last week. Sponsored Sponsored It comes as Mars’ total value locked (TVL) crashed 99% to $2.6 million from $270 million amid the Terra ecosystem dramatic meltdown, which rippled across the … Read more

Wormhole Awards $10M to White-Hat Hacker in Bounty Program

Wormhole has awarded $10 million to a white-hat hacker who reported a bug in its Ethereum core bridge contract. This is part of the bounty program announced in February after losing $323 million to an exploit. Sponsored Sponsored The bug in question “was an upgradeable proxy implementation self-destruct bug that helped prevent a potential lockup … Read more

DeFi Adoption: Mainstream Says “What’s In It For Us?” Actually, a Lot.

DeFi, in its current form, won’t see mass adoption if it fails to address some of the fundamental tensions that the ecosystem is facing, says Brian Fu, Co-Founder of zkLend. Sponsored Sponsored Much is said about DeFi’s core mission: to create greater financial inclusion and bank the unbanked. For mass adoption of DeFi to be … Read more

Traditional Finance is Getting Richer. DeFi Can Provide a Fairer World

Traditional finance is gloating as cryptocurrencies crash. But there’s so much more to cryptocurrencies and decentralized finance than just dips and highs. Here’s why the blockchain has the potential to change the world. Sponsored Sponsored Salaries are inflated away. Banks are getting bigger. And the gap between rich and poor is widening from year to … Read more

Ethereum Miner Revenue Soars to a Single Day All-Time High of 95K ETH

Ethereum miner revenue has soared to a single-day all-time high of 95,000 ETH helped by a recent surge in decentralized finance (DeFi) activity. Sponsored Sponsored The income of miners has spiked noticeably in the past few days. Data shows that the manual income of miners reached 95,182 ETH this month. Handling fees accounted for 85.9% … Read more

Hacks: Decentralized Finance Should Steal Ideas from Traditional Finance

Hacks in the DeFi world are always in the news. DeFi protocols should start using risk management rule sets and tooling already used in traditional finance, says Kate Kurbanova of Apostro. Sponsored Sponsored A single vulnerability in smart contracts can cost DeFi projects millions in user funds. While technical vulnerabilities and bugs are the first attack … Read more

Hacks: DeFi Should Emulate Ideas from Traditional Finance

Hacks in the DeFi world are always in the news. DeFi protocols should start using risk management rule sets and tooling already used in traditional finance, says Kate Kurbanova of Apostro. Sponsored Sponsored A single vulnerability in smart contracts can cost DeFi projects millions in user funds. While technical vulnerabilities and bugs are the first attack … Read more

Decentralized Finance Newbie? Here Are Some Tips to Get Started

Decentralized finance: Earn high yields with crypto in a safe, secure and easy way. Celia Zeng, DeFi Asset Manager at Cabital tells you how. Sponsored Sponsored Decentralized finance, or what we call DeFi, has been getting a lot of attention from investors as the global adoption of cryptocurrencies continues to accelerate.  Sponsored Sponsored But what is … Read more

Inverse Finance Becomes Third DeFi Project to Lose Millions to Exploit in Last Week

Multimillion-dollar hacks have become the standard news within the crypto space, and a new victim has joined the list. Sponsored Sponsored Popular Ethereum-based lending protocol Inverse Finance announced that it suffered an exploit on Saturday, leading to the loss of $15.6 million worth of digital assets. Sponsored Sponsored How the exploit happened The DeFi protocol … Read more