Agave and Hundred Finance have suspended operations while the investigation on the exploit continues. After executing a “re-entrancy” assault on the decentralized finance (Defi) lending protocol appli...
Tag: protocols
How these two DeFi protocols fell prey to $11 million ‘reentrancy attack’
On 15 March, an attacker siphoned over $11 million from two DeFi platforms, Agave and Hundred Finance. It appeared to be a flash loan ‘reentrancy attack’ on both protocols on the Gnosis chain as per i...
Agave and Hundred Finance DeFi protocols exploited for $11M
A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Aga...
DeFi protocols Agave and Hundred Finance exploited on Gnosis Chain for $11 million
Quick Take The attacker introduced a reentrancy bug to steal funds using a flash loan exploit. The projects lost a combined $11 million in the attack, hours after a similar incident involving Deus Fin...
More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols – Defi Bitcoin News
In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. ...
Monero, Kyber Network and Tornado Cash break out as traders pile into privacy protocols
Stocks and cryptocurrencies saw a notable bounce on March 9 even though war, rising inflation and historically high oil prices have investors uncertain about the future. Bitcoin (BTC) price surged to ...
How DeFi Users Can Diversify through Automated Investment Management Protocols
Advertisement     Decentralized Finance (DeFi) has been the talk of the crypto community for the past two years, most die-hards believe this nascent ecosystem is a fut...
MEXC Global and Mars partner for DeFi protocols
MEXC Global, a leading digital asset and cryptocurrency trading platform, has joined forces with stablecoin ecosystem Mars to launch a package of next-generation DeFi protocols, Invezz learned from a ...
Crypto.com Capital Leads IQ Protocol’s $12 Million Funding Round
Crypto.com Capital, the investment arm of digital asset services provider, Crypto.com recently led the $12 million funding round of IQ Protocol, a decentralized money market for digital asset renting ...
Unifi Protocol’s uTrade V2 Launches on TRON, Opening the Door to New Innovations in DeFi Trading
March 3, 2022 – Singapore, Singapore Unifi Protocol’s upgraded trading platform, uTrade V2, is coming to TRON DAO. The launch of uTrade V2 on TRON DAO is an integral step toward bridging TRON DAO with...
Verite – Building open source identity protocols
David Puth is CEO, and Kim Hamilton Duffy is Director of Identity and Standards at Centre, an open-source technology project launched by founding members Circle and Coinbase. Centre has launched a set...
ALGA – a mobile DataFi wallet engaging with Ocean Protocol’s Data Market
Advertisement     There’s a valuable DeFi use-case that few know about – it’s called Data Finance (DataFi) Ocean Protocol, a World Economic Forum Technology Pioneer, ...
Anchor Targets veTokenomics as Luna Foundation Adds $450M to DeFi Protocol’s Reserves
The Luna Foundation Guard (LFG) has topped up the Anchor yield reserve with $450 million, according to Do Kwon, CEO and founder of Terraform Labs, the South Korean entity behind the DeFi lending and b...
Relatively Unknown Protocols Push TVL in Defi Above the $200 Billion Range – Coinotizia
On February 15, the total value locked (TVL) in decentralized finance (defi) platforms is just above the $200 billion range, after a brief slump below that region last week. Out of the entire TVL in d...
Maverick Protocol’s mainnet launch scheduled post $8 million funding round
Maverick Protocol’s mainnet launch is scheduled for next month It raised $8 million from Pantera Capital and other VC firms in the round It further plans to scale the value proposition added by Mave...
In the Web3 Age, Community-Owned Protocols Will Deliver Value to Users
Web3 promises to herald the next phase of the Internet, in which value will be controlled by the users rather than intermediaries. But achieving this hinges on building decentralization into the desig...
Hollywood Keeps On-Set Covid Protocols As Restrictions Ease Elsewhere—Including In Los Angeles
Topline Covid-19 protocols on film and TV sets throughout the country will remain in place through April 30, the major Hollywood unions announced Wednesday, as California and other states relax their ...
Relatively Unknown Protocols Push TVL in Defi Above the $200 Billion Range – Defi Bitcoin News
On February 15, the total value locked (TVL) in decentralized finance (defi) platforms is just above the $200 billion range, after a brief slump below that region last week. Out of the entire TVL in d...
Easy-to-use DeFi protocols will become the new gatekeepers to crypto
It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase recently began allowing its users to deposit part of their fiat paychecks into ...
DeFi Protocols May Be In Danger Warns Crypto Mom Hester Pierce
Despite not mentioning cryptocurrencies, a new proposal made by the US Securities and Exchange Commission to amend the definition of “exchange” is raising concern in the crypto space. Hester Pierce, o...
COVID protocols may limit test during Olympics
TL; DR Breakdown COVID protocols will limit test of digital yuan during Olympics Olympics attendants in quarantine $13 billion worth of digital yuan transactions recorded Over the last few years, Chin...
Web3 innovations are replacing middlemen with middleware protocols
Cryptocurrencies and the wider blockchain ecosystem are helping change the status quo of how we conduct our day-to-day lives. With these emerging technologies, Web3 is being ushered in as a permission...
Money Laundering Picks Up Steam on DeFi Protocols: Chainalysis
And DeFi is not the only crypto-related money laundering method on the rise: Mining pools, high-risk exchanges and mixers also received an increased amount of crypto from wallets tied to criminal acti...
TimechainSwap Launches Farming & Liquidity Protocols On Its DEX
Montreal, Canada, 24th January 2022, Timechain, a decentralized exchange aggregator and permissionless lending and borrowing protocol, has introduced Automated Market Maker (AMM) liquidity pools, yiel...
L2 protocols Connext and Nomad introduce new modular blockchain interoperability stack » CryptoNinjas
Connext, a level-2 interoperability protocol for Ethereum, today announced that it has formed a new partnership with Nomad, an interoperability protocol without header verification, to accelerate the ...
Timechain Introduces Farming & Liquidity Protocols On Its TimechainSwap DEX
Advertisement     On its TimechainSwap DEX, Timechain, a decentralized exchange aggregator and permissionless lending and borrowing protocol, has added AMM liquidity p...
Onomy Protocol’s hybrid DEX and Forex marketplace comes to NEAR via Aurora
Onomy Protocol is proceeding with its plan of converging Forex and DeFi markets, announcing a collaboration with NEAR and Aurora. Through the use of stablecoins, Onomy plans to empower institutions to...
Ethereum Total Liquidity in DeFi Protocols Climbs to $90.7B, Despite Price Slip
The dominance of Ethereum in the decentralized finance (DeFi) ecosystem continues to gain steam because total value locked (TVL) in this space surged by 14.43% to hit $90.7 billion, according to marke...
Which layer-one protocols will outperform in 2022?
In this week’s show, Cointelegraph resident experts decide which layer-one protocol is more likely to rise above the rest in 2022. Join Cointelegraph host and analyst Benton Yaun alongside market ana...
Top Lending & Borrowing Protocols To Keep An Eye Out For In 2022
Advertisement     Decentralized finance (DeFi) is one of the hottest trends to arise from the crypto market. It has disrupted traditional financial models, opening the...
How Daoes Blockchain Technology Help The Food Industry In Elevating Food Safety Protocols?
The upcoming year will see the rise of Wireless monitoring sensors that control temperature and humidity, saving a significant amount of money for companies that are spent on food and energy waste. Tr...