DeFi

How many times can you survive a near complete devastation of the self? This might sound like a spiritual question, but it has a lot to do with crypto as well. Today, we’re talking about one meme coin in particular. Please don’t pet me, I bite Emerging sometime in mid February 2022, Spook Inu [SINU]Continue reading “Why Spook Inu’s near 100% crash is spooking everybody in the space”

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 investigation. Likewise, the platforms halted their contracts to forestall further damage. Assessing the damage  Solidity developer and creator of an NFTContinue reading “How these two DeFi protocols fell prey to $11 million ‘reentrancy attack’”

Many are admittedly experiencing a crisis of faith when it comes to Cardano’s price performance and DeFi progression. To better get a grip on what’s going on, here’s what some ecosystem metrics reveal. ADA-lts in the room At press time, ADA was trading at $0.81, having risen by 1.97% over the past 24 hours whileContinue reading “Cardano: Why Hoskinson thinks ‘we ain’t seen nothing yet on TVL’”

Fantom is one of the biggest DeFi chains in the space with over 201 protocols and $6.28 billion locked onto it. One such protocol, Fantasm, Finance recently fell victim to an exploit in which over $2.6 billion were stolen. Needless to say, the exploit resulted in a much more significant impact on Fantom itself. TheContinue reading “Here’s the true extent of the Fantasm exploit’s impact on FTM”

If TRON DAO – née TRON – wasn’t enough of a conversation starter, an investigative piece by journalist Chris Harland-Dunaway published in The Verge dropped a bomb. It accused Tron founder Justin Sun of actions ranging from getting ICO ban tip-offs to insider trading. In a conversation with journalist Laura Shin, Harland-Dunaway revealed more detailsContinue reading “What SEC v. Ripple has in common with the allegations against Sun, TRON”

Chains are keen to hike their total value locked [TVL] dominance as this is a way to amp up adoption and boost their presence in the space. Ethereum is thought to be the reigning DeFi alt, but as the markets grow larger and more bridges and links are formed, what are investors choosing? Clash ofContinue reading “Ethereum: Assessing whether other chains in DeFi might soon take its place”

Terra delighted its more bullish investors when it showed them a tall green candle on 28 February that took LUNA above $90, while another green candle on 9 March briefly took the asset above $100. However, investors can use some wider context from the crypto industry to better inform their trading decisions. LUNA’s place inContinue reading “LUNA marks a major milestone, but here’s what investors are worried about”

Just a few months ago, there were bullish investors who were banking on Solana [SOL] reaching $300. However, at press time, SOL was trading at $83.45, having risen by 1.53% in the past 24 hours, but falling by 10.39% in the last seven days. That said, prices are only one dimension of a crypto assetContinue reading “Solana to compete with Venmo? Here’s what SOL holders need to know”

Thorchain works a lot like other automated market makers (AMMs) such as Uniswap. But with an important difference. It enables trades of real cryptocurrencies from completely different blockchains – not “wrapped” or synthetic versions. However, its native token RUNE tumbled in markets after the blockchain suffered an exploit for the second time in two weeksContinue reading “From an $8M exploit to becoming third-largest DeFi project – Here’s the story of…”