Monthly archives: February 2023

Russian leading lender Sberbank has hinted at plans to launch decentralized finance (DeFi) platform on the Ethereum blockchain by the end of May, 2023, Interfax news reports. Sberbank director of the blockchain laboratory Konstantin Klimenko disclosed that the Russian bank was at an advanced stage of developing its DeFi platform. He said that the Ethereum-based …

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Adopting a wait-and-see approach is the best way to regulate the DeFi space, according to a report by Binance and the National Bank of Kazakhstan. While waiting to see how the market would develop, the pair suggested increasing the collaboration between the regulators, building and learning through a regulatory sandbox, and educating both the consumers …

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Balance CEO Ric Burton claimed he was double-crossed by Uniswap founder Hayden Adams, who, at one point, he considered one of his “closest friends.” Burton had invested time, friendship, and an unspecified sum of money in supporting Adams to take Uniswap to market. But Burton said he feels heartbroken and sad that his efforts were …

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Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Undercity is opening a first-of-its-kind village dedicated to gamers, role players, and cosplayers in France. Spread 10,000 meter-square, the village will be everything an avid gamer hopes for and more. It will house a virtual reality …

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Hackers stole roughly $3.8 billion in 2022, making it a record year for stolen digital assets, according to the latest report from blockchain analysis firm Chainalysis. According to the report, 82.1% of the amount was stolen from DeFi protocols, mainly via bridge exploits targeting vulnerabilities in code. North Korea-linked hackers Lazarus Group stole roughly $1.7 …

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Continue reading “Bitcoin drops to $23,250 on significantly higher-than-expected US payroll data”

CEO Alexey Koloskov claimed that the stolen funds were from Orion’s Treasury, adding that all users’ funds are safe.  1 min read Updated: February 3, 2023 at 1:06 pm Cover art/illustration via CryptoSlate Decentralized exchange platform Orion Protocol has suffered a $3 million hack due to reentrancy issues from third-party libraries. Orion protocol was designed …

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Shiba inu was one of Friday’s biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today’s session, despite the global cryptocurrency market cap falling 1.28% at the time of writing. Polkadot was also higher, as it continued to trade …

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Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As the demand for Ethereum’s capabilities continues to soar, …

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Bitcoin retreated from a six month high on Feb. 3, as bears reentered the market ahead of today’s U.S. non-farm payrolls (NFP) report. Following a move above the $24,000 level on Thursday, sentiment shifted, as traders prepared for the pivotal report, which is expected to come in at 185,000. Ethereum was also in the red, …

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