DEUS Finance loses $6M following stablecoin hack
    07 May 2023
    433 Views

    The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident. Decentralized Finance (DeFi) protocol DEUS has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on…

    Stripe tackles ‘cold start problem’ with the launch of fiat-to-crypto onramp
    07 May 2023
    482 Views

    Web3 companies can utilize the Stripe-hosted fiat-to-crypto onramp to allow their customers to buy crypto at the “precise moment they need it.” Internet payment processor Stripe has introduced a fiat-to-crypto onramp to address the “cold start problem” faced by Web3 companies, as a result of customers not having “crypto in their wallets to carry out…

    Liquid staking solutions now have more TVL than DEXs: Finance Redefined
    06 May 2023
    499 Views

    April was a month of hacks, exploits and rug pulls, resulting in over $100 million in net losses across DeFi platforms. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. April saw several hacks, exploits and rug pulls…

    RFK Jr. elaborates position on CBDC, crypto: ‘It isn’t just criminals who want privacy’
    06 May 2023
    512 Views

    The U.S. presidential candidate has added anti-CBDC to his anti-establishment, anti-vaccination repertoire and has gained double-digit support among Democrats. Robert F. Kennedy Jr., who is challenging United States President Joe Biden for the Democratic nomination in the 2024 presidential election, has taken to Twitter again to share more of his thoughts on cryptocurrency. Kennedy criticized…

    Memecoin mania: Social relevance, speculation drives PEPE surge
    06 May 2023
    523 Views

    Memecoins are back in the headlines as PEPE booms, taking the market capitalization of speculative tokens over $20 billion. Memecoins have been part and parcel of the cryptocurrency space since the inception of Dogecoin back in 2013, with fortunes made and ruined in equal measure. But a new token on the block caused a stir in recent…

    Coinbase remains ‘100% committed’ to US market: Armstrong
    05 May 2023
    479 Views

    The Coinbase CEO has a lot of faith that Congress will make a “clear rule book” for crypto firms to follow. But the Securities and Exchange Commission? Not so much. United States-founded cryptocurrency exchange Coinbase has no plans to move its operations out of the U.S., CEO Brian Armstrong told investors in an Q1 earnings…