Did an “art heist” just happen on an Ethereum CryptoPunks NFT?

Experimental and new tech is always subject to intrusions and exploits, with crypto not far behind in that regard. And yesterday saw one of the first instances of an NFT being “front-run.” Punk gets sniped You may have heard of CryptoPunks, the first-ever, Ethereum-based, non-fungible token (NFT) project with over 16,000 unique “punks” which have…

Here’s why DeFi will future-proof India’s crypto ecosystem

After less than a year of Indian cryptocurrency users enjoying unfettered access to the cryptocurrency markets, it now looks likely that the authorities will intervene once again. The Indian government is set to push through the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the latest budget session of Parliament. Although the Bill’s…

SwissBorg launches yield wallets for USDC and CHSB

We are excited to announce the launch of the SwissBorg yield wallets – a smart, simple and secure way for investors to earn yields on their favourite crypto tokens! The rollout of SwissBorg’s USDC yield wallet began in December 2020, and the feature is now available to all SwissBorg app users. SwissBorg offers two categories…

DeFi sees second-largest liquidation in history as crypto market dips

Yesterday’s decline of the crypto market has triggered the second-largest wave of liquidations in decentralized finance’s (DeFi) history as a total of $24.1 million worth of positions got wiped, according to metrics platform DeBank. The largest amount of collateral was liquidated on DeFi platform Compound ($13.7 million), followed by Aave with $5.4 million. Previously, the…

Impermanent loss is a death sentence for DeFi mining

Decentralized finance is a prevalent industry that keeps reaching new milestones. Despite the appeal, no one can deny plenty of issues with the current DeFi mining model. In my opinion, we need to revamp this entire aspect by removing impermanent loss from the equation.  DeFi Mining Has Issues One of the more popular aspects of…

DeFi platform hacks itself to safeguard users’ funds

The developers of Primitive, Ethereum-based decentralized finance (DeFi) permissionless options protocol, “whitehacked” their own platform after a severe exploit was discovered today. “EMERGENCY ALERT @PrimitiveFi has whitehacked our contracts to safeguard user funds after a critical vulnerability was discovered. Further user action is required to safeguard funds,” Primitive tweeted today. 🚨 EMERGENCY ALERT🚨 @PrimitiveFi has…

Crypto.com burns $10 billion worth of CRO ahead of mainnet launch

Crypto.com, the Hong Kong-based payments and crypto exchange platform, will conduct one of the biggest token burns ever ahead of its mainnet launch. Crypto.com’s DeFi move Crypto exchange and payments tool provider Crypto.com will burn over 70 billion CRO in the coming weeks as it approaches its mainnet launch, it said in a blog post…

PancakeSwap flips Ethereum’s Uniswap to become the world’s biggest DEX by volume

The Binance Smart Chain project is giving top DEXes a run for their money with lower fees and an easy-to-use interface. The day a pancake flipped a unicorn PancakeSwap (CAKE) is now the world’s largest decentralized exchange by daily trading volume, data from markets app CoinGecko showed. The project launched on Binance Smart Chain last…

$2 billion Ethereum NFT sector finds a way to legacy bank BNP Paribas

A private subsidiary of the French bank took a liking to the fast-growing NFT space in its latest note. The next frontier? Non-fungible tokens (NFTs) just got covered in a report published by L’Atelier, an independent subsidiary of legacy French bank BNP Paribas, last week, a report on Forbes said Monday. The crypto subsector has…

Uniswap’s (UNI) trading volume exceeds $100 billion

Uniswap (UNI) has become the first decentralized finance (DeFi) trading platform to generate over $100 billion in volume, the protocol’s founder Hayden Adams announced today. 🦄 @Uniswap just became the first decentralized trading platform to process over $100b in volume – an exciting milestone for DeFi 🚀 pic.twitter.com/hUoM36aG6A — Hayden Adams 🦄 (@haydenzadams) February 15,…