DeFi
Uniswap Community Creates Foundation to Support Open-Source Development
Community members of decentralized exchange Uniswap have voted to create the Uniswap Foundation, an organization aiming to support open-source development and community governance within the protocol. “The Hash” panel discusses the implications for the Uniswap ecosystem, Ethereum, and the state of DeFi.
Tron Consumes 99.9% Less Power Than Bitcoin and Ethereum, Crypto Researcher Says
The network consumed power equivalent to 15 U.S. households in a year, the report said.
Uniswap Community Behind DEX Establishes Foundation to Support Open-Source Development
“There's no organization within the Uniswap ecosystem focused on reducing the friction in governance, and that is one area that the foundation will be focused on,” said Devin Walsh, the community member who authored the initial proposal.
Hackers Lose 5 Ether While Trying to Attack Near Protocol’s Rainbow Bridge
Automated security processes caused the attackers to lose money while trying to submit a fabricated transaction on the Rainbow bridge.
LooksRare Fork Sudorare Rugs for $800K Despite Crypto Twitter Warnings
Developers behind the project deleted Sudorare’s social media channels and its website on Tuesday morning.
Inside the $3B DeFi Exploit of Acala's Crypto Platform
The exploit of one of Acala's liquidity pools demonstrates how easily billions of dollars can be siphoned from DeFi platforms, potentially wreaking havoc on an entire industry in a matter of minutes.
Uniswap Blocks 253 Crypto Addresses Related to DeFi Crimes
Decentralized exchange (DEX) Uniswap has blocked 253 crypto addresses possibly linked to sanctioned crypto mixer Tornado Cash or to stolen funds. “The Hash” hosts discuss what this suggests about the state of DeFi as the crackdown on Tornado Cash continues.
Crypto Investment Scams Fall With Market Downturn, but DeFi Hacks Surge: Report
Crypto investment scams are down along with the rest of the market, Chainalysis Director of Research Kim Grauer tells “First Mover,” citing macroeconomic headwinds and law enforcement actions. But, at the same time “the hacking of DeFi protocols is way up,” she explains.
Why Smart Contract Platforms Held Up Better Than DeFi Amid Inflation Fears
Amid inflation concerns, CoinDesk Indices Managing Director Jodie Gunzberg tells “First Mover” that the smart contracts sector held up better than the “recession sensitive sectors” like DeFi. “We are seeing divergence based on different use cases of different assets,” she explains, using CoinDesk’s Digital Asset Classification Standard, also known as DACS.
