So Now They’re Hacking DeFi Protocols Before They’ve Even Launched?

Blockchains have a problem — they’re growing too fast. Not in the sense that they’re been adopted too quickly or that they’re becoming increasingly useful, but in the literal sense — they are simply getting larger in terms of their digital footprint. As a complete archive of all the transactions that have ever taken place on […]

The bear market carries a lot of implications for investor depending the assets they’re invested in, and for untested market such as the decentralized finance (DeFi) market, the implications can be even worse. The space is already fraught with a lot of issues around insecurity. But with the bear market coming, one would think the […]

Diversification is key to ensuring you will be able to take advantage of every opportunity without incurring too much risk. If you’re paying attention to developments in the cryptocurrency space, you’ve likely heard of decentralized finance and of the yield farming trend that helped it get over $9 billion worth of crypto assets locked in it.In short, yield farming — also known as liquidity mining — sees users generate rewards with their cryptocurrency holdings by interacting with DeFi protocols that either let them lend or borrow tokens. These interactions grant them the protocols’....

There are a number of schools around the world that accept Bitcoin for tuition payments, which may be enticing to a die hard Bitcoiner. The Cypriot University of Nicosia is deserving of our first mention, accepting Bitcoin for tuition and fees as well as offering a master’s program in digital currency. Last July, Britain’s University of Cumbria claimed to be the first university in the world to accept Bitcoin. However, the program at Nicosia was launched a few months earlier, in the spring, making it the actual first university to accept Bitcoin. The order of acceptance does not matter,....

The latest in the industry is the hacking of Lympo, a sports NFT platform and a subsidiary of Animoca Brands. Through hot wallet hacking, the platform just lost about 165.2 million LMT tokens, equivalent to $18.7 million during the time of this hack. Cryptocurrency hacking, though not frequently experienced, remains of the risks that some protocols have to suffer. An update through Medium from the Lympo team confirms the recent hacking from the platform on Jan 10. According to the report, the hackers accessed the protocol’s operational hot wallet and looted about 165.2 million LMT tokens.....