decentralized finance

Transak Lists Paypal’s PYUSD for Easier Crypto Access

June 18, 2024 Bitcoin.com

bitcoin.com

According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the transition to cryptocurrencies. PYUSD Listed on Transak, Aiming to Ease Defi Transition Transak, a Web3 payments infrastructure provider, has added […]

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

Curve CEO clears up UwU Lend hack, CRV burn misinformation

June 16, 2024 Coin Telegraph

bad debt repayment.

The Curve CEO clarifies misinformation about the UwU Lend hack and CRV token burn, outlining preventative measures and repayment of bad debt.

Michael Egorov, the founder and CEO of Curve Finance (CRV), has weighed in on the recent UwU Lend hack, explaining that the incident did not exploit Curve Finance itself. 

In a Q&A with Cointelegraph, Egorov clarified that “this was not a Curve exploit. This was an exploit of a separate project [UwU Lend],” explaining:

Egorov highlighted measures to prevent future exploits, recommending that UwU Lend “re-verify all contracts and connect them to good security auditors” to hopefully recuperate losses.

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

Crystal Intelligence Report Reveals $19 Billion Lost in Crypto Crimes Over 13 Years

June 12, 2024 Bitcoin.com

bitcoin.com

In a comprehensive new report, Crystal Intelligence, a blockchain analytics firm, details a significant $19 billion in losses due to cryptocurrency crimes over the past thirteen years. The study covers a timeline from June 19, 2011, to March 6, 2024, and delves into the various types of criminal activities within the digital currency space. Study […]

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

Crypto Exchange OKX Sees $204,000,000 in Outflows Following Reports of Security Incidents

June 12, 2024 The Daily Hodl

Binance

Global cryptocurrency exchange OKX is witnessing a massive outflow amid reports of a security breach, according to the decentralized finance (DeFi) data aggregator DefiLlama. Per DefiLlama approximately $204.67 million in crypto assets has exited OKX over the past 24 hours. Over the past seven days, OKX has recorded outflows amounting to $633.88 million. The world’s […]

The post Crypto Exchange OKX Sees $204,000,000 in Outflows Following Reports of Security Incidents appeared first on The Daily Hodl.

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

The Memecoin Frenzy Has Ignited a Scalability Arms Race

June 9, 2024 Bitcoin.com

bitcoin.com

Following a spell of TradFi breakthroughs, all-time highs, and intense optimism in the crypto industry, selling pressure across most major cryptocurrencies are slowly beginning to ease, with trading volumes submitting to more tenable growth levels. Amidst this growth, one category-defying group of tokens has witnessed persistent success regardless of the current market backdrop: memecoins. Known […]

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

Liberty Dollar vs. Bitcoin: Why the US Government Shut Down One but Not the Other

June 8, 2024 Bitcoin.com

Bernard von Nothaus

The U.S. government successfully shut down the Liberty Dollar, a private currency created by Bernard von NotHaus, while Bitcoin, established by the mysterious Satoshi Nakamoto, continues to thrive outside governmental control. This discrepancy highlights the stark differences between the centralized creation of the Liberty Dollar and the decentralized nature of Bitcoin. Contrasting Currencies — The […]

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

Starkware Aims to Scale Bitcoin Using Zero-Knowledge Technology

June 4, 2024 Bitcoin.com

Bitcoin Scaling

Starkware, known for its work on Ethereum scaling solutions, announced plans to apply its zero-knowledge technology to Bitcoin. The initiative aims to enable mass-use of Bitcoin, targeting scalability that could support global daily transactions. Starkware Announces Plan to Enhance Bitcoin Scalability Using Zero-Knowledge Proofs Blockchain firm Starkware revealed its ambitious strategy to enhance Bitcoin’s scalability […]

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

Software Engineer: Anchoring AI on Public Blockchains Aids in Establishing a ‘Permanent Provenance Trail’

June 2, 2024 Bitcoin.com

AI

With artificial intelligence (AI) seemingly destined to become central to everyday digital applications and services, anchoring AI models on public blockchains potentially helps to “establish a permanent provenance trail,” asserted Michael Heinrich, CEO of 0G Labs. According to Heinrich, such a provenance trail enables “ex-post or real-time monitoring analysis” to detect any tampering, injection of […]

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms

June 2, 2024 Bitcoin.com

bitcoin.com

In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last year, digital assets worth $59.3 million were lost to similar attacks. Gala Games, which incurred a loss of $21 million, and Sonnefinance with $20 […]

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

Shibarium’s New Checkpoint Mechanism Cuts Ethereum Bridging Time

May 30, 2024 Bitcoin.com

bitcoin.com

The Shiba Inu (SHIB) network development team has dramatically improved the Shibarium network, according to a post from the Shibarium network’s X account. The work reduces the token bridging time to Ethereum from seven days to roughly 45 minutes, aiming to enhance Shibarium’s operational efficiency and the overall user experience. This was accomplished by introducing […]

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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017