DeFi Hit by Biggest Hack of 2023, $197M Lost in Flash Loan Attack
19. März 2023• On March 13, the Ethereum-based lending protocol Euler Finance suffered a major flash loan attack with an estimated loss of $197 million in DAI, USDC, StETH and WBTC. • The attack came in the wake of a bank run in Silicon Valley which caused an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). • MakerDAO introduced a proposal to increase its holdings of United States Treasury bonds by 150% in order to diversify Dai’s collateral exposure. Euler Finance hacked for over $195M On March 13, Ethereum-based noncustodial lending protocol Euler Finance faced a flash loan attack…
Crypto Funding Shifts From CeFi to DeFi: Money Moves After Major Collapses
• DeFi has become a popular investment choice for investors after multiple CeFi collapses in 2022. • Crypto funding shifted from CeFi to DeFi with $2.7 billion of investments into the space, while overall crypto funding dropped from 2021 to…
Bitcoin Price Plunges $22 Billion in 60 Minutes
• Bitcoin (BTC) dropped 5% from $23,500 to $22,240 in 60 minutes on March 3. • This caused a loss of $22 billion from Bitcoin’s total market capitalization. • The drop is linked to Silvergate Bank controversy and increased U.S.…
Coinbase Launches Layer-2 Network to Bring Users Into Crypto Economy
• Coinbase launches a new Ethereum layer-2 network called Base for building decentralized apps • The low-cost, secure, developer-friendly environment will serve as a bridge to bring users into the crypto economy • Base will be built on the „OP…
SEC Proposes Tougher Crypto Custody Rules: Get Ready for Change
• The United States Securities Exchange Commission (SEC) has proposed tougher rules to regulate the custodians of digital assets including cryptocurrencies. • The proposal, if approved, would require crypto trading platforms to adhere to a set of transparency measures such…
Ethereum Activity Grows as Gas Price Spikes 29% in January
• Ethereum’s average gas price increased by 29.27% in January 2023 • Daily Ethereum transaction data showed a slight decrease of 0.8% from December to January • The total Ethereum block size per month for January was 17.24 GB, up…
Greenidge Cuts NYDIG Debt by $59M, Significantly Improves Balance Sheet
• Greenidge Generation Holdings has significantly reduced its debt with the investment management firm New York Digital Investment Group (NYDIG). • The transaction reduced the principal and accrued interest balance of debt with NYDIG from about $76 million to roughly…
New York Assembly Bill A523 to Allow State Agencies to Accept Cryptocurrency Payments!
• New York State Assembly Bill A523 has been introduced by Democratic Assembly Member Clyde Vanel, which would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees and other payments. • The…
Digital Yuan Upgraded with Smart Contract Functionality and New Use Cases
• China’s digital yuan has been upgraded with new smart contract functionality. • It has also been given new use cases, including buying securities and making offline payments. • Users have the chance to receive a share of an 8,888…
Transacciones Ripple: una guía completa
Ripple es una plataforma de pagos global que permite a las instituciones financieras y a los individuos enviar y recibir pagos en cualquier divisa a nivel mundial. Esta plataforma también ofrece la posibilidad de realizar transacciones rápidas, baratas y seguras,…
Revolutionize Music Metadata with Web3 Solutions
• Web3 features such as NFTs and blockchain-based systemization offer clarity and new accessibility to managing music metadata. • Nonfungible tokens (NFTs) help artists connect with their communities and can identify each individual usage via blockchain. • Digital Data Exchange…