The post Cautionary Alert from Sushi’s CTO: Potential Exploit Threat in DeFi Protocol appeared first on Coinpedia Fintech News Blockchain initiatives will benefit from security, scalability, and interoperability. How do unsafe projects handle problems? While banks market Blockchain technology, do you think recurring Defi project troubles would make it easy to penetrate mainstream finance?  Recently, […]

Lolli, a leading bitcoin and cashback rewards platform, has announced the successful closure of an $8 million Series B funding round today, according to a press release sent to Bitcoin Magazine. The investment was led by BITKRAFT Ventures, alongside notable contributions from Sfermion, Ulta Beauty’s Prisma Ventures, Hypersphere Ventures, Rahul Pagidipati, 2 Punks Capital, MZ […]

Russia’s Ministry of Finance is contemplating exporting cryptocurrencies produced from mining activities taking place within the country’s borders.  According to the ministry, the export mechanism for cryptocurrencies would work similarly to how the country exports its natural gas.  Russian Miners To Sell Crypto  According to reports, Russia’s Deputy Minister of Finance, Ivan Chebeskov, discussed the […]

Flare partners with Kinetic, a blockchain-based financial solution company, to introduce borrowing and lending to Flare’s ecosystem.  Flare, a blockchain for data with embedded decentralized oracles, has announced its partnership with Kinetic Market, a Flare-based algorithmic non-custodial lending platform. The strategic collaboration will see Kinetic, supported by Rome Blockchain Labs (RBL), introduce its novel borrowing […]

San Francisco, California, December 14th, 2023, Chainwire Round Led By 1kx, With Participation From Maven 11, Mechanism Capital, and Notable Angels nftperp, the first NFT perpetual futures DEX, today announces the close of its Series-A round totaling $3 million. nftperp empowers users with a seamless, efficient and decentralized platform to take long or short positions […]

The global cryptocurrency market, currently experiencing a resurgence, has achieved a notable market cap of $1.6 trillion. This manifests in substantial gains across diverse cryptocurrencies and particularly meme coins, such as ApeCoin (APE), Dogecoin (DOGE), Floki Inu (FLOKI), Bonk(BONK), and newer additions like ScapesMania. Notably, Bonk (BONK) stands out with an astonishing 24-hour surge of […]

Multiple decentralized finance (DeFi) applications were compromised earlier today due to malicious code inserted into Ledger’s ConnectKit library. The vulnerability allowed a wallet draining exploit that prompted users to connect wallets when visiting affected dapps, providing access to steal funds. Keypoints Malicious code was inserted into Ledger’s ConnectKit library, allowing a “wallet drainer” to steal […]

Toronto Stock Exchange owner TMX is finalizing the purchase of VettaFi, an ETF tool that lists blockchain and cryptocurrency-themed E3TFs, including the VanEck Digital Transformation ETF. TMX Group, the operator of Canadian stock exchanges such as the Toronto Stock Exchange and the Montreal Exchange, is finalizing the acquisition of VettaFi, a significant player in the […]

Multiple decentralized applications using Ledger’s connector library have been compromised, including SushiSwap and Revoke.cash. The front end of multiple decentralized applications (DApps) using Ledger’s connector, including Zapper, SushiSwap, Balancer and Revoke.cash, was compromised on Dec. 14.  SushiSwap chief technical officer Mathew Lilley reported that a commonly used Web3 connector has been compromised, allowing malicious code […]

Blockchain tokenization provides an alternative means for SMEs to raise capital and liquidity while building diversified investment opportunities. Teylor, a German-based fintech firm specializing in digitizing small business loans, has joined forces with digital asset infrastructure provider Taurus to turn small and medium enterprise (SME) loans into tokenized assets and provide tokenholders with monthly cashflows. […]