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Defi
Damus mobile app banned in China
Decentralized social network application Damus has been banned from operating in mainland China, over concerns that its app includes content that is illegal in China.
The mobile app which is a decentralized version of Twitter went live on…
Stargate propose token reissue amid Alameda wallet hack, STG up 21%
Cross-chain protocol Stargate Finance has initiated a proposal to reissue 1 billion STG tokens, following concerns that Alameda’s wallet holding 10% of the token supply has been compromised.
During Stargate’s public sale on March 17, 2022,…
Shredded Apes LP drained, 78M tokens liquidated
Shredded Apes announced on Feb. 1 that its main wallet containing royalties and the native token (WHEY) was breached.
The official Shredded Apes explained that all funds were transferred to “‘EgnTKUUsN1nyq4ap7hK9VSqSettH6T4gvLvdj3spneCg‘…
Cream Finance exploiter moves $3.3M ETH in January
Blockchain analytical firm Peckshield tweeted that the Cream Finance (CREAM) exploiter transferred 365.7 ETH — worth $600,000 — to an unknown centralized crypto exchange TradeOgre on Jan. 30.
The exploiter had transferred 2,070 Ethereum —…
25 important stats about the DeFi industry from 2022
On the one hand, DeFi projects had countless hacks and one of the most disastrous collapses in tech/internet history with Terra. Combined with macro conditions, these factors caused the DeFi market to decline significantly, even more than…
Solana-based Friktion urges users to withdraw funds as it halts front-end operations
Solana-based DeFi platform Friktion has urged its users to withdraw their funds from the protocol, as it moves to suspend all frontend operations.
The Friktion team said it made the tough decision to suspend its operations due to the…
Aptos surges 343% to new all-time high amid renewed interest in L1 blockchains
Aptos (APT), the layer 1 proof-of-stake blockchain developed by ex-Meta staff that supports smart contracts and decentralized applications, has been one of the biggest winners this January, with the token surging more than 343.76% in the…
Four RWA lending protocols rank among top 10 lending apps with largest collected interest
Four Real-World Asset (RWA) lending protocols ranked among the top ten Defi lending protocols that collect the largest sum of 180-day cumulative interest fees paid by users, according to crypto influencer Defilgnas’ recent analysis.
TrueFi…
Active crypto developers grew 5% YoY despite market decline
BitcoinMonthly active developers grew 5% YoY, despite a more than 70% decline in crypto prices in 2022, according to a recent crypto developer report from venture firm Electric Capital.
The report also outlined more than 8% YoY growth in…
Sanctions caused cybercriminals to lose $15M in potential revenue in 2 months
The biggest crypto-related sanctions by the U.S. Office of Foreign Assets Control (OFAC) in 2022 caused a significant dip in the potential revenue of illicit actors, Chainalysis found.
The U.S. sanctioned a number of crypto-related…