Cream Finance integrates with Moonbeam to extend its loaning services
Cream Finance, a DeFi startup, will extend its loan and borrowing services to Moonbeam platform. Users on Kusama and Polkadot will be able to use Cream’s services to deposit digital assets as collateral or lend them out. Cream Finance will be integrated into the Moonbeam ecosystem starting with its parachain on Kusama, Moonriver, and subsequently […]
Search engine Presearch becomes a default option on European Android devices
Presearch, a decentralized search engine, will be featured as a default option on all new and factory-reset devices sold in the United Kingdom and Europe starting September 1. Google’s decision to make Presearch the default browser option comes after a protracted legal battle with the European Commission over allegations that the firm manipulated Android to […]
Cream Finance aims to repay users affected by recent hack
Cream Finance, a decentralized finance (DeFi) protocol, will reimburse its users after an $18.8 million flash loan hack on Aug. 30. The DeFi protocol has identified the AMP integration error that caused the loss. Cream has released a post-mortem on the AMP flash loan hack , offering to replace the stolen Ether (ETH) and Amp […]
DeFi project xToken suffers a major second exploit since May
Hackers uncovered a vulnerability in the smart contracts for xToken’s xSNX product over the weekend. The exploit is approximately around $4.5 million and marks yet another attack to hit the decentralized financial project. The xToken team announced on Aug. 29 that the hack had drained around $4.5 million from the company’s xSNX platform, which allows […]
SEC reportedly contracts AnChain.AI analytics firm to monitor DeFi industry
According to reports, the US Securities and Exchange Commission has agreed to pay blockchain analytics firm AnChain.AI $125,000 to help monitor and regulate the decentralized finance industry. An AnChain.AI company spokesman confirmed the arrangement with the federal regulator to Forbes on Friday , adding the SEC and blockchain startup have the opportunity to sign up […]