Venmo to Offer PayPal USD Stablecoin, PYUSD, in the Coming Weeks
Venmo, the popular peer-to-peer payment platform, will soon offer the stablecoin PayPal USD, or PYUSD. PayPal announced the launch of…
Category: DeFi
Is Your DeFi Wallet Safe? Balancer Frontend Hacked, $238K Crypto Stolen
On September 19, 2023, Balancer, an Ethereum-based decentralized finance (DeFi) protocol, notified its community that its frontend was under attack.…
Decentralized Lending Platform Magnate Finance Rug Pulls Users of $6.5 Million
Magnate Finance, a lending and borrowing platform on Coinbase’s layer-2 protocol, Base, has rug-pulled its users of $6.5 million. The…
FTX Hires Galaxy Digital as Investment Manager to Sell Crypto Assets
FTX, a cryptocurrency exchange, has filed a motion in bankruptcy court seeking approval to hire Galaxy Digital Capital Management LP…
The Best Wallets for Storing Polkadot ($DOT), Kusama ($KSM), and Cardano ($ADA)
When choosing a wallet to store Polkadot (DOT), Kusama (KSM), and Cardano (ADA), there are a few factors to consider,…
DeFi Protocol Era Lend Hacked for $3.4M in Read-Only Reentrancy Attack
Lending app Era Lend on zkSync has been exploited for $3.4 million worth of crypto, according to a July 25…
DeFi Platform Conic Finance Drained of $3.2 Million in Security Attack
Conic Finance, a Curve omnipool platform, has been hacked for $3.26 million in Ether (ETH). The hack was first reported…
What is a DAO Token and How Does It Work?
A DAO token is a digital asset that represents ownership in a decentralized autonomous organization (DAO). DAOs are organizations that…
Stellar Lumens: A Fast, Affordable, and Secure Way to Send Money Around the World
What is Stellar Lumens? Stellar Lumens (XLM) is a decentralized open-source protocol for digital currency to fiat money low-cost transfers…
IOTA: The Role of DLT Platforms Like IOTA in the Development of CBDCs
Central bank digital currencies (CBDCs) are gaining traction as a way to modernize the financial system and improve the efficiency…