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“# Ruler and Cover DeFi protocol closes down amid mass developer exit ” In a candid open letter, the lead contributor of Cover and Ruler Protocol, “DeFi Ted,” announced the protocol will close its virtual doors in the near future, citing a mass developer exit as the primary reason for the project’s conclusion. Launched earlier…
“# SEC reportedly investigates decentralized exchange Uniswap ” The United States Securities and Exchange Commission (SEC) is reportedly investigating the startup behind the world’s largest decentralized cryptocurrency exchange, Uniswap. The U.S. securities regulator has initiated a probe into Uniswap’s main developer, Uniswap Labs, the Wall Street Journal reported Sept. 3. The report says that enforcement…
“# Decentralized search engine becomes default option on European Android devices ” Beginning Sept. 1, decentralized search engine Presearch will be listed as a default option on all new and factory-reset devices sold in the United Kingdom and Europe, a move that could erode Google’s dominance in the search engine market. The decision by Google…
“# Cream Finance to repay stolen Ether and Amp via protocol fees ” Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug. 30. Cream has published a post-mortem to the AMP flash loan exploit, promising to replace the stolen Ether (ETH) and…
“# Decentralized exchanges and aggregators drive DeFi growth ” As the decentralized finance segment continues to gain steam despite an overall slump in the crypto space, decentralized exchanges (DEXs) and aggregation services have recently shown sustainable growth. Meanwhile, within the DEX segment, aggregation services have made remarkable progress. DeFi still running strong When Bitcoin’s (BTC)…
“# Cream Finance DeFi platform loses $19M in a flash loan hack ” Cream Finance, a major decentralized finance (DeFi) protocol focused on lending, has suffered a major exploit, with a hacker stealing nearly $19 million from its platform. An unknown hacker has managed to gain $18.8 million in the latest flash loan exploit of…
“# Crypto wallets: An important battlefront to gain wallet share and mind share ” Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and…
“# Proof of humanity governance will make DeFi fairer, says Harjyot Singh ” HUMAN Protocol is a blockchain infrastructure designed to decentralize human labor by supporting the growth of digital job marketplaces. After recently launching on the Ethereum mainnet, the protocol has now gained the capacity to fully automate the lifecycle of data labeling jobs,…
“# Concerns around data privacy are rising, and blockchain is the solution ” Today’s consumers are willing to trade their data for personalization but have fast-growing concerns about data privacy. In a survey from a digital security and credential issuance company Entrust, only 21% of the respondents trust established global brands to keep their personal…
“# DeFi needs more tangible assets on-chain to see a successful future ” In a business school lecture hall at the Massachusetts Institute of Technology (MIT), a senior executive for Safaricom gave a prediction of decentralized finance and the future of commerce to a room of keen but confused MBA students. “You will be able…