The Concern of Impermanent Loss for Liquidity Providers in DeFi
In DeFi, users can supply assets to liquidity pools in exchange for rewards, but they face risks, like the concern of Impermanent loss in DeFi. Decentralized Finance is revolutionizing the financial landscape by allowing participants to engage in various financial activities without relying on traditional intermediaries. This article will discuss impermanent loss in DeFi and […]
India’s BWA Enhances Cybersecurity after WazirX Hack
India’s Bharat Web3 Association (BWA) is doubling its efforts to enhance cybersecurity and consumer protection in the crypto sector after the $230 million WazirX hack. According to local media, Dilip Chenoy, the chairman of the BWA, has established two new internal groups designed to investigate the most recent security breach and resolve these issues. Task […]
Sky Mavis Co-founder Provides Breakdown for Ronin User Surge
Sky Mavis co-founder Jeffrey Zirlin breaks down the reasons for gaming-focused network Ronin’s surge, highlighting how Web3 gaming continues to flourish. The Ronin network recorded two million daily active users (DAU) on July 29. This propelled Ronin to the top of the day’s metrics, surpassing other active networks such as Tron and Solana, which had […]
Ondo Finance USDY Stablecoin Launches on Aptos Blockchain
The Aptos Foundation announced the introduction of Ondo Finance’s yield-bearing stablecoin, Ondo US Dollar Yield (USDY), on the Aptos blockchain. USDY, an instrument guaranteed by United States Treasurys, will be accessible to non-US residents via the Aptos blockchain, as per the Aptos Foundation. Digital asset registration under the Securities Act in the United States has […]
Shaanxi Police Arrest 4 Cryptocurrency Scam Suspects
Despite prohibiting cryptocurrencies such as Bitcoin in Mainland China, the Shaanxi Police have arrested 4 individuals involved in the Cryptocurrency Scam. Local news agency Baidu reported on July 31 that law enforcement in the Chinese province of Shaanxi had discovered a crypto fraud scheme and apprehended four suspects. According to the report, the perpetrators defrauded […]