Fortress Protocol – an algorithmic money market and defi lending protocol – has been drained of all funds following an oracle manipulation attack. The stolen crypto has since been bridged from Binance Smart Chain to […]
In a conversation with web3 entrepreneur Tom Bilyeu, Meta CEO Mark Zuckerberg revealed that Instagram has begun testing NFTs. One of Meta’s other platforms, Facebook, will soon adopt similar functionalities. Augmented reality NFTs will be […]
Mark Zuckerberg, CEO of Facebook’s parent company Meta, said that the company is starting to test digital collectibles on photo and video sharing platform Instagram this week, signaling a move toward adding nonfungible tokens, or […]
Decentralized exchanges (DEXs) nip in the bud several issues concerning their centralized counterparts such as concentration of liquidity in the hands of a few players, compromise of funds in case of a security breach, closed […]
Albeit the cryptocurrency market has seen a sharp rebound, it is still diffused well below the $2.50 trillion market cap. Market representatives Bitcoin and Ethereum despite quick gains on Tuesday, locked up at key support […]
Blockchain security company PeckShield reported that Deus Finance was exploited for about $13.4 million earlier today. This comes just a few months after the protocol fell victim to a similar hack. PeckShield took it to […]
Italian high-end luxury fashion house Gucci is all set to accept cryptocurrency in five stores in the US later this month. The move comes as the company continues to explore Web 3. Gucci Taps Crypto […]
This week’s Nifty News sees the arrival of Louis Vuitton to the nonfungible token (NFT) gaming scene, Johnnie Walker’s entry into Web3 and Elon Musk’s apparent embrace of Bored Ape Yacht Club. Louis Vuitton makes […]
Large-cap cryptocurrency continue to slump as investors await comments from the Federal Open Markets Committee regarding the exact size of the next interest rate hike. There are, however, a few bright spots in the market […]
For the first time since March 16, 2022, the value locked in defi has fallen below $200 billion. While the cryptocurrency market lost billions this week, the total value locked (TVL) in decentralized finance protocols […]
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