Beanstalk Farms DeFi protocol loses $181 million in hack
The Ethereum-based Beanstalk Farms stablecoin protocol lost more than $181 million in cryptocurrency in the hack. The hacker pocketed about $76 million.
Beanstalk Farms DeFi protocol loses $181 million in hack
The Ethereum-based Beanstalk Farms stablecoin protocol lost more than $181 million in cryptocurrency in the hack. The hacker pocketed about $76 million.
CoinGecko: Market pessimism has not affected stablecoins, Ethereum staking, or its DeFi rivals
Market weakness did not hinder growing interest in stablecoins, Ethereum staking, and DeFi protocols of its competitors. The findings come from CoinGecko's Q1 2022 report (ForkLog has it on hand).
bloXroute Labs raises $70 million to boost high-frequency DeFi trading
The bloXroute Labs team closed a $70 million Series B funding round led by SoftBank Vision Fund 2. The funds will be used to advance high-frequency trading in the DeFi space.
How the Alchemix Lending Protocol Became a Driver of DeFi 2.0 Growth
Lending projects in the DeFi 2.0 concept, such as Alchemix, are gradually gaining popularity, where debt obligations self-amortise and are not subject to liquidations.
Cosmos ecosystem’s Gravity DEX protocol to migrate to its own blockchain
The B-Harvest team will rebrand the cross-chain Gravity DEX protocol on the Cosmos Hub, renaming the platform to Crescent and relaunching the smart contracts in the eponymous network.
Frax Finance to create reserve crypto fund modeled on Terra
The Frax Finance platform of algorithmic stablecoins plans to acquire tokens worth billions of dollars to create a reserve fund backing the FRAX algorithmic stablecoin. The founder of the project, Sam Kazemian, told The Block.
Report: DeFi sector partially recovers in March after global correction
In March, Bitcoin and Ethereum prices hit 2022 highs at $48,189 and $3,481 respectively, while the DeFi sector partially recovered after the global correction. This is stated in the ForkLog report.
JPMorgan chief acknowledges value of blockchain and DeFi technologies
The CEO of JPMorgan Jamie Dimon acknowledged that blockchain technology and DeFi applications have value. He wrote about it in a letter to the company's shareholders.
Convex Finance fixes bug that could have endangered $15 billion
The DeFi project Convex Finance fixed a vulnerability that could enable a rug-pull scheme. The bug was identified by OpenZeppelin researchers.
Hackers stole more than $15 million in attack on Inverse Finance lending project
On April 2, the Inverse Finance lending project reported a hacking attack in which assets worth $15.6 million were stolen. The protocol team pledged to reimburse users' losses.We use cookies to improve the quality of our service.
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