In a matter of 24 hours, a DeFi platform lost millions of dollars in a hack, developers of a play-to-earn (P2E) GameFi project apparently rug-pulled their investors, and a Solana (SOL)-powered exchange mistakenly shut itself down - all reminding us of risks in the crypto space.
According to blockchain security firm PeckShield, DeFi lending protocol Cream Finance was exploited by hackers on Tuesday thanks to a “bug introduced by [the] AMP” token. …
Read More: Another DeFi Exploit, GameFi Rug Pull, and Accidently Closed Exchange - Beware of Risks in Crypto…
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“Please don’t rush like what we did,” the OptiFi team wrote after permanently closing its blockchain program in error….
Continue reading on https://decrypt.co/108585/solana-defi-exchange-optifi-bricks-itself-loses-661k
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With cybercrime increasingly hurting the DeFi sector, the US Federal Bureau of Investigation (FBI) is taking steps to warn investors and platforms about these risks, and is also recommending a set of precautions that could prevent them from losing their assets to criminals….
Read More: This Is What FBI Recommends to DeFi Investors…
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Iran has passed a bill authorizing trade transactions with cryptocurrencies, officially approving the use of digital assets for imports.
The bill redefines regulations on cryptocurrencies, the authorization to use cryptocurrencies for imports, and the supply of fuel and electricity for mining, Iranian news agency Tasnim reported, citing Minister of Industry, Mines, and Trade Reza Fatemi Amin. …
Read More: Iran Passes Bill to Authorize Use of Crypto for Imports - Report…
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Blue-chip DeFi tokens, including Lido and Compound, posted hefty gains as Ethereum’s merge event fast approaches….
Continue reading on https://decrypt.co/108547/lido-finance-leads-defi-rally-ethereum-mounts-recovery
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Crypto adoption is on the march in Brazil, where the nation’s Central Bank has commissioned a commercial banking giant to build a DeFi solution for its prototype central bank digital currency (CBDC). Meanwhile, across the border in Argentina, a city says that it will accept tax payments made using USD-pegged stablecoins – while the capital Buenos Aires also wants to get in on the action….
Read More: Adoption Picks up Pace in LATM with Brazilian Central Bank’s DeFi Project & Developments in Argentina…
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Iran has passed a bill authorizing trade transactions with cryptocurrencies, officially approving the use of digital assets for imports.
The bill redefines regulations on cryptocurrencies, the authorization to use cryptocurrencies for imports, and the supply of fuel and electricity for mining, Iranian news agency Tasnim reported, citing Minister of Industry, Mines, and Trade Reza Fatemi Amin. …
Read More: Iran Passes Bill to Authorize Use of Crypto for Imports…
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The agency outlined three attack vectors, citing the $1.3 billion in digital assets stolen in Q1 2022….
Continue reading on https://decrypt.co/108542/fbi-issues-warning-over-vulnerable-defi-platforms
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The new iteration of the Compound protocol targets security, capital efficiency, and improved user experience….
Continue reading on https://decrypt.co/108314/crypto-lending-platform-compound-rolls-out-fresh-upgrade-defi-users
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In this video, we’ll learn about a core component that defines Web3: blockchain nodes. A node is one of the many computers that power a decentralized network like Ethereum. Learn about the different types of nodes and why they’re part of the core infrastructure that make Web3 possible. Visit Infura.io today to start building. Written by: Clarissa Watson, Senior Tech Writer at ConsenSys….
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