After an $ 11 million attack, Rari Capital is the latest DeFi protocol to fall victim to a high-priced exploit.
On May 9, Rari published a report on the attack explaining how an attacker managed to empty the Ethereum pool of 2,600 ETH. The report confirmed that the loss was equal to 60% of all user funds in the Rari Capital Ethereum Pool, which was worth approximately $ 10 million at the time.
Aave (AAVE) is growing at a record pace as UniSwap V3 goes live and SushiSwap launches a new liquidity mining program on Polygon. Who is the new number one in DeFi space?
The total Total Value Locked (TVL) in DeFi space has reached a new all-time high of 141.27 billion US dollars. The TVL value measures the entire crypto capital that is stored in Smart Contracts with a DeFi reference. Compared to the previous week, the TVL was able to increase by over 18 billion US dollars. That represents a growth of 15.11 …
Helium (HNT) is currently building the world’s first wireless peer-to-peer network for the Internet of Things (IoT). What does that mean and how can you benefit from it as an investor?
Everyone is talking about the Internet of Things and more and more machines are communicating with each other around the world. …
Hardly anything is so deeply anchored in Bitcoin’s source code as the halving of the block subsidy every four years. Because after exactly 210,000 blocks, the rate of inflation in the Bitcoin network drops drastically. This makes BTC a disinflationary currency; the supply remains inflationary because the bottom line is that it increases, but it is becoming increasingly smaller. In the year 2140, the growth in supply finally comes to a standstill.
Cardano prints a new all-time high after Kraken introduced ADA staking. Meanwhile, smart contracts are getting closer and closer.
The US Bitcoin Exchange Kraken allows the staking for ADA, the heart of the Cardano network recently. Since the evening of May 4th, customers of the crypto exchange have had the opportunity to earn passive income with their ADA at Kraken. Cardano is the seventh cryptocurrency Kraken has set up a staking pool for. With an expected annual return of four to six percent, Cardano is in the middle of the field:
Chainlink (LINK) is reaching a new all-time high as more and more projects take advantage of its technology.
Dogecoin is currently breaking all records, but projects with a more serious background than DOGE can also look forward to strong price increases these days. Right at the forefront: Chainlink (LINK). The token of the decentralized Oracle network of the same name also set an all-time high on May 5, surpassing the US $ 50 mark for the first time. At the time of going to press, LINK is trading at USD 48.58 again, up 13.7 percent in a 24-hour comparison. With…
The creators of Filecoin have launched a new platform with which NFT can be stored forever.
The Filecoin project wants to offer nothing less than a decentralized, censorship-resistant storage network for “the most important information of mankind.” The project is a supplement to the InterPlanetary File System (IPFS), a peer-to-peer storage protocol that connects devices without an intermediary server (as known as HTTP). Both the IPFS and Filecoin are a creation by the American programmer Juan Benet and his company Protocol Labs.
The horrific transaction fees of the Ethereum Blockchain tilt the gap on the DeFi market in favor of the Binance Smart Chain. Last but not least, the native currency of the largest BSC platform PancakeSwap benefits from this.
A power struggle is raging at the DeFi market. While Ethereum was able to concentrate most of its shares on itself until a few months ago, the Binance Smart Chain (BSC) is gradually gaining the upper hand. The increasing transaction costs of the competition play into the cards for BSC growth. The rise in Ethereum gas fees has caused many users to…
The global adaptation of Decentralized Finance (DeFi) is advancing at a record pace, while Polygon is making enormous strides in scaling Ethereum.
The DeFi sector is on the upswing. In the past seven days, DeFi Logs Total Managed Capital (TVL) climbed from $ 108.93 billion to $ 122.73 billion at press time.
But what exactly is behind the upgrade, and why could Ethereum become a deflationary and potentially more valuable cryptocurrency than Bitcoin?
EIP stands for Ethereum Improvement Proposal. Since Ethereum is an open-source program, anyone can submit a suggestion for improvement via GitHub. But in order for the new code to be integrated on the ETH Mainnet, it must first go through an approval process. In addition, the Ethereum core developers who manage Ethereum’s GitHub must confirm the improvement proposal at the end of the process.
The passing of an EIP can therefore be thought of as the passing of a…