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“# Poly Network offers to on board ‘Mr. White Hat’ as chief security advisor ” Decentralized finance protocol Poly Network has offered the person behind a $610 million hack an advisery position and $500,000 — whether they like it or not. In a Tuesday update, the Poly Network team said, in a seeming attempt to…
“# 1inch announces deployment to Optimism’s layer-2 solution ” Decentralized exchange aggregator 1inch has announced its deployment on the Optimistic Ethereum, or OE, mainnet, highlighting a considerable reduction in user transaction fees and confirmation delays. Sergej Kunz, co-founder of the 1inch Network stated “the 1inch launch on Optimistic will facilitate a dramatic increase in transaction…
“# The perfect storm: DeFi hacks will advance the crypto sector moving forward ” The rise of decentralized finance, or DeFi, could be paving the way toward a fully decentralized financial ecosystem. Yet, given the innovative nature of DeFi, the sector remains in constant development and is therefore prone to a number of vulnerabilities. Unsurprisingly,…
“# Tiger Global backs $24M funding round for blockchain security firm CertiK ” Blockchain security firm CertiK has concluded a $24 million funding round as part of its ongoing efforts to expand its product and security offerings for the decentralized finance, or DeFi, sector. The funding round, which was co-led by Tiger Global and GL…
“# Balancer’s new MetaStable Pools seek to facilitate wrapped asset swaps ” AMM DeFi protocol Balancer announced Monday that it had partnered with DAO-based staking platform Lido to introduce a MetaStable Pool incentive program. MetaStable Pools are liquidity pools specifically designed to work with highly correlated (but not hard-pegged) tokens, like wrapped assets. Users will…
“# Poly Network hack exposes DeFi flaws, but community comes to the rescue ” Although it seemed crypto hacks were on the decline, just recently, the market bore witness to one of the largest-ever attacks in the young history of decentralized finance (DeFi), wherein an unknown hacker was able to exploit a loophole in cross-chain…
“# A multichain approach is the future of the blockchain industry ” The blockchain industry market size was estimated by some to reach more than $21 billion by 2025. The market capitalization of the cryptocurrency market as a whole already reaches over $1.9 trillion. An ecosystem that was once defined by its tight-knit community and…
“# How do DeFi protocols get hacked? ” The decentralized finance sector is growing at a breakneck pace. Three years ago, the total value locked in DeFi was a mere $800 million. By February 2021, the figure had grown to $40 billion; in April 2021, it attained a milestone of $80 billion; and now it…
“# 3 reasons why Aavegotchi (GHST) price spiked to a new all-time high ” The NFT sector took the world by storm in 2021 as crypto and corporate sector influencers, globally recognized companies and popular sports teams embraced the growing digital collectible trend. After a brief sector-wide pullback which coincided with the market-wide declines seen beginning in…
“# No gear, no problem! 3 ways to earn Bitcoin through cloud mining and staking ” Bitcoin’s (BTC) rapid recovery above $46,000 has renewed calls for a $100,000 BTC price by the end of 2021, while the effects of China’s crackdown on the mining industry are slowly beginning to fade as the Bitcoin network hash…