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” New year community advice: Check your smart contract approvals “ On the back of the worst year for crypto hacks and exploits, the crypto community has given some advice to newbie investors going into 2023 — check your smart contract approvals and revoke access regularly. Reddit user 4cademy posted their advice to the r/CryptoCurrency subreddit on…
” 3 ways crypto derivatives could evolve and impact the market in 2023 “ Futures and options let traders put down only a tiny portion of a trade’s value and bet that prices will go up or down to a certain point within a certain period. It can make traders’ profits bigger because they can…
” 2023 will see the death of play-to-earn gaming “ Play-to-earn gaming enabled by blockchain technology has grown exponentially over the few years. Gamers have embraced the opportunity to collect cryptocurrencies or nonfungible tokens (NFTs) that have been produced in blockchain-based games. Through the advent of this new technology, players have been able to generate…
” Ethereum founder says he hopes Solana gets a ‘chance to thrive’ “ Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in…
” DeFi sees exploits and exit scam drama in the last week of 2022: Finance Redefined “ Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. For DeFi, the last week of 2022 saw another slew of exploits,…
” Vader will shut down stablecoin USDV, cannot find a ‘breakthrough’ “ The app that produces stablecoin Vader Protocol US Dollar (USDV) will be shut down, according to a Dec. 29 announcement from its developers. We are sunsetting Vader Protocol: https://t.co/C3AKHo9URj Existing $VADER and $USDV holders, please visit the webapp to redeem the treasury: https://t.co/SnRlvpXnaQ…
” MicroStrategy to offer Bitcoin Lightning solutions in 2023 “ MicroStrategy executive chairman Michael Saylor has shared his firm’s plans to release Bitcoin Lightning Network-powered software and solutions in 2023. In a recent Twitter Spaces on Dec. 28, Saylor shared that the company is exploring software and solutions that utilize the Lightning Network, such as…
” Defrost Finance breaks silence on ‘exit scam’ accusations, denies rug pull “ Defrost Finance, the decentralized trading platform that suffered a $12 million exploit in the days leading up to Christmas, has denied allegations that it had “rugged” its users as part of an elaborate “exit scam.” On Dec. 23, the platform announced it…
” Here’s how Defrost Finance plans to refund users following $12M hack “ After recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance is planning to return the funds to their rightful owners, according to a new announcement. In a Medium post, Defrost highlighted that it will soon be refunding…
” Hackers drain $8M in assets from Bitkeep wallets in latest DeFi exploit “ While many are still enjoying the holiday season, hackers are hard at work, draining around $8 million in an ongoing BitKeep wallet exploit. On Dec. 26, some users of the multichain crypto wallet BitKeep reported that their funds were being drained…