Overview of Smart Contract Vulnerabilities Smart contracts on blockchain platforms like Ethereum can automate transactions and enforce agreements without the need for intermediaries. However, these contracts are not free from vulnerabilities, which can be exploited by malicious entities. Common issues include inadequate…
Solana (SOL) is an innovative layer one blockchain that rivals Ethereum’s dominance in the smart contract platform sector. With its increasing popularity, SOL provides a unique opportunity for holders to earn yields through staking while contributing to the network’s security and decentralization….
The cryptocurrency space continues to evolve, bringing with it not only groundbreaking advancements but also significant risks. As of March 25, 2024, the digital landscape has seen an uptick in sophisticated scams aimed at duping investors out of their digital assets. Key…
Cryptocurrencies have introduced a novel method of earning through staking, which involves locking up digital assets to support network operations and security. However, traditional staking often renders the assets illiquid, tying them up without access for transactions or trades. Liquid staking emerges…
Censorship resistance is a fundamental characteristic of blockchain technology, ensuring that data once added to the blockchain cannot be retroactively altered or censored by any single entity. This feature is particularly valuable in environments where freedom of speech is not guaranteed or…
NFT lending has become a crucial aspect of the decentralized finance (DeFi) space, providing a way for NFT owners to unlock the liquidity of their digital assets without selling them. Here’s a detailed look at how NFT lending works and its implications:…
The concept of Decentralized Physical Infrastructure Networks (DePINs) signifies a groundbreaking fusion of blockchain technology and decentralized principles applied to tangible infrastructure and systems. In recent years, blockchain’s influence has transcended digital realms, impacting everything from decentralized finance (DeFi) to nonfungible tokens…
In the world of decentralized finance (DeFi), bonding curves have emerged as a pivotal mechanism, leveraging the power of smart contracts and mathematical models to dynamically adjust a token’s price in accordance with its supply. This innovative approach circumvents the need for…
The digital asset space has witnessed a transformative evolution with the advent of utility non-fungible tokens (NFTs), a paradigm shift that transcends the traditional confines of digital art and collectibles. Initially propelled to fame through associations with high-value artwork and unique collectibles,…
In a recent report, KyberSwap revealed plans to downsize following the multi-million dollar exploit that plunged the company into financial woes. The report demonstrated that the Singapore-based decentralized finance protocol will reduce 50% of the workforce to remain afloat. A statement from…
Regulated DeFi platform Swarm has launched its permissionless platform for trading tokenized real-world assets, known as “Open dOTC”. The Berlin-based BaFIN regulated DeFi company launched the platform as a public good. Built on the Ethereum blockchain, Open dOTC uses decentralized over-the-counter (dOTC)…
In advanced communication, the famous messaging protocol Wormhole raised approximately $225 million from a funding round led by the European investment company Brevan Howard. Other participants in the successful fundraising included Coinbase Ventures, ParaFi, Arrington Capital, Borderless Capital, and Jump Trading. The…
In an advanced communication dated November 23, the prominent Ethereum-powered decentralized exchange (DEX) KyberSwap was hit by a malicious attack. The announcement revealed that the attackers compromised the KyberSwap Elastic Pools Liquidity Solution (EPLS) to heist around $48 million. The Elastic pools…
In an advanced communication, Fnality International raised $95 million in a Series B funding round. The successful funding round was led by Wall Street key market players, including Goldman Sachs and BNP Paribas. Other companies participating in the funding round included Wisdom…
In an advanced report, the policymakers in Marshall Island approved new legislation on crypto assets. The report demonstrated that the new law aims to strengthen existing laws on decentralized autonomous organizations (DAOs). At the initial rule-making process, the bill was formulated by…
In an official communication, Bosun Tijani, Minister of Communications, Innovation and Digital Economy in Nigeria, confirmed that the government plans to invest in expanding artificial intelligence (AI) technologies. The minister stated that the Nigerian government will provide a grant to finance AI-related…
The European Securities and Markets Authority (ESMA) has pointed out risks associated with decentralized finance (DeFi). The regulator in a report outlined multiple risks that investors in DeFi are exposed to, as well as risks to financial stability. Specifically, the ESMA warned…
Despite the pitched battle to provide regulatory clarity on digital assets, India has witnessed high adoption of crypto assets. CoinDCX, the leading crypto exchange in India, revealed plans to broaden its product offering. The crypto exchange plans to invest heavily in integrating…
The world’s first community-led gaming platform, Metacade has partnered with Polygon Labs to drive user acquisition and testing of new games. The partnership is expected to bring a wider audience of gamers from around the world to Metacade. Speaking on the partnership, Metacade’s…
The U.S. Commodities Futures Trading Commission (CFTC) has filed and settled cases against three decentralized finance (DeFi) protocols, Opyn, ZeroEx and Deridex. The commission announced this on Thursday, warning other DeFi protocols to be cautious. According to the CFTC, Deridex and Opyn…
