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“# Polygon pays $2M bounty on bug which could have compromised $850M in user funds ” White hat hacker Gerhard Wagner has earned $2 million after reporting a solution to a potentially costly “double-spend” bug on the Polygon network. In an Oct. 21 blog post from Immunefi, a security service that helps facilitate bug reports…
“# Major DeFi founders back play-to-earn game that hopes to be next Flappy Bird ” A new play-to-earn (P2E) blockchain game that hopes to emulate the addictive success of 2013 mobile phenomenon Flappy Bird has drawn backing from some of DeFi’s biggest names. Kain Warwick from Synthetix, Stani Kulechov from Aave, Tyler Ward from Barnbridge,…
“# PleasrDAO adds $4M ‘OG NFT’ Wu-Tang Clan album to its collection ” PleasrDAO has revealed itself to be the new owners of Wu-Tang Clan’s one-of-a-kind, unreleased album ‘Once Upon a Time in Shaolin’. The 74 members of the Decentralized Autonomous Organization (DAO) now share collective ownership of the album. The group purchased the sole…
“# Following Bitcoin’s all-time high, DeFi TVL hits a record high above $233B ” Bullish sentiment is running high across the cryptocurrency market on Oct. 20 as Bitcoin’s (BTC) surge to a new all-time high at $67,000 thrust the digital asset into uncharted territory and investors are closely watching to see how altcoins and DeFi…
“# Mono X launches mainnet on Ethereum and Polygon ” Automated market maker (AMM) MonoX has announced the official launch of its mainnet platform, offering investors a full complement of swap and liquidity capabilities on the Ethereum and Polygon blockchain networks. With the release of this new service, Mono X is aiming to establish a…
“# MDT introduces blockchain oracle to accelerate DeFi adoption ” Measurable Data Token (MDT) has announced the launch of a blockchain-based oracle service, Measurable Finance (MeFi), which has been designed to connect traditional financial data markets to the decentralized finance (DeFi) sector. In its primary showcase of utility, the project constructed a decentralized application (dApp)…
“# Bottom-buying traders and new governance features back KeeperDAO’s 118% rally ” The rapidly evolving realm of decentralized finance (DeFi) has brought a new level of utility and value to the cryptocurrency ecosystem in 2021 but has also provided nefarious actors with numerous exploits in siphoning profits and tokens away from unsuspecting investors. In the…
“# NFT gaming proposition in question as regulators and traditional gaming pullback ” The gaming industry is a multi-billionaire dollar market traditionally dominated by giant corporations like Atari, Sony, Microsoft and Nintendo, among others. Throughout their history, these major firms have aimed to provide entertaining gaming experiences to attract new players and expand their market…
“# Polkadot-based privacy project Manta Network raises $5.5M ” Manta Network, a privacy layer project for the Polkadot ecosystem, has completed a new funding round to continue scaling decentralized finance (DeFi) use cases by boosting blockchain privacy. Announced Tuesday, Manta Network’s latest $5.5-million funding round included participation from more than 30 venture funds, including crypto…
“# Arbitrum extends lead over Optimism as Uniswap posts record volume on L2 ” The world’s most popular decentralized exchange, Uniswap, is seeing layer two volumes surge as Ethereum transaction fees surge once again. On Oct. 19, Uniswap founder Hayden Adams tweeted that daily volume across v3 deployments of the decentralized exchange on layer-two networks…