DefiLlama forked as internal dispute unfolds

    A disagreement over the launch of a LLAMA token led core employees to fork DefiLlama blockchain on March 19. A dispute has taken place within the decentralized finance analytics dashboard DefiLlama, leading the platform to be forked by one of its employees over the weekend. The dispute centers on the company’s plans to launch a…

    Beware of fake Arbitrum Airdrops, community warns

    The community has warned others to stay vigilant after reports of phishing websites and scams offering Arbitrum Airdrop tokens. Ethereum layer-2 scaling solution Arbitrum’s upcoming “ARB” token Airdrop appears to have become a popular target for scammers, with the community warning of hundreds of phishing scams aimed at tricking crypto users. Announced in a March…

    What are the Howey test and its implications for cryptocurrency?

    The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more. What is the Howey test? The Howey test is a legal test used in the United States to determine whether a transaction qualifies as an investment contract and, thus, is considered a security under federal law. The test was established by…

    Web3 needs its ‘WordPress moment’ to speed up positive disruption

    Developers have barely scratched the surface when it comes to the potential of blockchain — here’s how to ramp up progress. Blockchain development has come a long way since the introduction of Bitcoin, the leading cryptocurrency and the first successful application of blockchain technology. The introduction of smart contracts by the Ethereum blockchain gave birth to potential…

    Euler hacker seemingly taking their chances, sends funds to crypto mixer

    Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims. The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker’s…

    US banking system outlook downgraded to ‘negative’ following recent bank failures

    Recent bank failures have highlighted the need for Blockchain-based cryptocurrency such as Bitcoin. Credit rating agency Moody’s has recently downgraded its outlook on the entire United States banking system from “stable” to “negative.” The move comes in light of the recent failures of Silicon Valley Bank, Silvergate Bank and Signature Bank, which has prompted regulators to intervene with a rescue plan…