Near Protocol price soars with the integration of Terra’s UST
The native token of Near protocol, NEAR is trading for $15.40 right now, the price of the layer 1 network has had a surge and this may be attributed to the protocol’s integration of Terra’s dollar-pegged stablecoin UST. At $8.50 on December 20, the same token made a 92% rise from this level to its […]
Another DeFi hack hits Visor Finance, resulting in an $8.8M loss
Visor Finance is the most recent DeFi protocol to be hacked for millions of dollars. Due to a reentrancy weakness exploited by the hacker, Visor Finance lost 8.8 million VISR tokens as a result of the attack. At the time of the attack, VISR coins were trading at roughly $0.93. Visor Finace Exploit A hostile […]
DeFi protocol Grim Finance hacked with losses worth $30 Million
The latest DeFi protocol to be hit by an exploit is Grim Finance, the hack took place on Saturday and was made public by the project in a tweet. All deposits into the Grim Finance vaults have been put on hold to stop any more thefts. An “aggressive attack” took $30 million worth of tokens […]
Coinbase plans to make DeFi yield accessible to over 70 countries
Customers in over 70 countries can now earn yield with DeFi, according to cryptocurrency exchange Coinbase. Customers in over 70 countries can now earn interest on their crypto assets through the realm of decentralized finance , according to cryptocurrency exchange Coinbase. “We’re making DeFi more accessible,” Coinbase stated in a prepared statement. “Eligible users in […]
Chief Technology Officer of SushiSwap resigns
The Chief Technology Officer of SushiSwap Joseph Delong has resigned from his position with immediate effect on Wednesday, he cited internal structural problems as a reason while also wishing Sushi the best. Joseph Delong, the chief technology officer of SushiSwap, the 13th largest decentralized exchange (DEX) by trade volume, announced his resignation late Wednesday. Delong […]