Tag: DeFi

Memecoin traders have been buying up obscure tokens such as Bald and Based, which have each seen staggering price gains despite questionable utility. Memecoin madness has arrived on Coinbase’s Ethereum layer-2 scaling solution Base, bringing with it everything from remarkable shitcoin surges to classic token rug pulls. On July 30, memecoin traders were snapping up…

While Ethereum-based protocols have been hit with the majority of the exploit activity, BNB Smart Chain has also seen similar copycat exploits, according to BlockSec. The BNB Smart Chain (BSC) has reportedly suffered copycat attacks due to a vulnerability in the Vyper programming language, following a similar vein to the exploit on the decentralized finance…

The funds have been reportedly taken on the Ethereum blockchain. The number of Bitcoins stolen remains uncertain. Crypto payment platform Alphapo had at least $31 million drained from its hot wallets on Ether, TRON, and Bitcoin, security experts reported on July 22. Since the number of Bitcoins stolen is uncertain, the figures may be even…

Discover the contrasting functions of DApps and protocols in the blockchain world, and gain insights into how they contribute to the growth of decentralized technologies. In recent years, the rise of blockchain technology has paved the way for groundbreaking innovations in the realm of decentralized systems. Among the revolutionary concepts are decentralized applications (DApps) and protocols. While…

Terraform Labs recently appointed CEO, Chris Amani, held a Twitter Spaces with the purpose of separating the operations of Terraform Labs from Do Kwon’s personal affairs. Terraform Labs faces a “big hill to climb” as the progress of its various projects in development are constantly being impeded by frequent accusations against Do Kwon, according to…

Could the convergence of decentralized financial paradigms and neobanks make a difference in the financial industry? As people become accustomed to traditional, online-only banking, crypto innovators are building decentralized solutions that could radically change everyday finance. A quick Google search of the term “neobank” will bring up the 2007–2009 crisis for a good reason. In…