Smart Contract Bugs: One of the Most Pressing Risks in DeFi
DeFi uses smart contracts to handle transactions automatically, but they can contain hidden bugs. These bugs have led to significant financial losses and security issues, making it crucial to fix them. This article explores the consequences of these bugs and discusses strategies for identification and mitigation. What are Smart Contract Bugs? Smart contract bugs are […]
Overcoming Market Manipulations and Pump-and-Dump Schemes in DeFi
Overcoming market manipulations and pump-and-dump schemes in DeFi is essential, as DeFi’s open and transparent nature has created new vulnerabilities. This article discusses these challenges and explores strategies to mitigate their impact, ensuring a more secure and reliable DeFi ecosystem. Understanding Market Manipulations and Pump-and-Dump Schemes Market manipulation in DeFi involves deliberately inflating or deflating […]
21Shares Submits Solana (SOL) ETF Application
21Shares has submitted the necessary documents to initiate an exchange-traded fund (ETF) for Solana (SOL). On Friday, the fintech firm submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) for the “21Shares Core Solana ETF,” which, if approved, would be traded on the Cboe BZX Exchange. Three years ago, the 21Shares Solana […]
Nigeria Utilizes Blockchain and AI to Combat Financial Crime
Nigeria’s financial crime chief, Olanipekun Olukoyede, advocates using blockchain and AI to combat Africa’s $88.6 billion annual illicit money outflows. In order to combat financial crimes, a senior Nigerian official has suggested the implementation of sophisticated technology to prevent the illicit transfer of funds from Africa. Olanipekun Olukoyede, the director of Nigeria’s primary agency dedicated […]
Terra Luna Classic to Burn 18 Billion LUNC Tokens
Terra Luna Classic community plans to burn 12 billion LUNC and 68 million USTC, aiming to revive and repeg USTC to $1. The Terra Luna Classic community will burn 12 billion LUNC and 68 million USTC in contracts, which includes the Lido DAO rewards dispatcher, to utterly remove them from the supply. The decision was […]