DeFi & Ethereum News

2023-01-01 07:17:02 Cardano (ADA) Is The Most Actively Developed Cryptocurrency Protocol In 2022

The majority of the cryptocurrency market is still battling to recoup its value following the FTX collapse, capping off one of the worst years in the sector’s history, but Cardano (ADA) is making progress in terms of development activity.

According to a list issued on December 30 by the on-chain and social metrics platform Santiment, Cardano is the top blockchain protocol by development activity in 2022, followed by Polkadot (DOT) and Cosmos (ATOM). The Cardano team’s development activity rates were the highest among all observed protocols over the full year of 2022, despite ADA ranking sixth in terms of its return on investment (ROI) after the token sale.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-12-31 08:59:02 Celsius Seeks To Help Customers Extend Deadline To File Claims

Celsius wants to delay the deadline for creditors to report the amount they are owed until early February rather than January 3.The bankruptcy court handling the issue will hear the application to extend the deadline at a hearing on January 10.

According to the crypto lender, its objective is to provide account holders more time to submit any proof of claim. Later this week, the business will submit a motion asking for a postponement of the bar date. Celsius customers will have an extra deadline to file a claim as the company appears to be trying to get the court to extend the time until February next year.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-12-30 05:58:02 Brazilians are turning to stablecoins to protect savings from inflation

According to recent market data, 50% of the Brazilian Real (BRL) volumes involve a stablecoin. The recent development poses an impressive figure about the usage of stablecoins in Brazil, especially as only 5% of the BRL volume involves USD directly.

Brazil’s Real continues to struggle to hold its value as inflation, coupled with the global economic crisis, continues to hit hard on the South American country. In June, the inflation rate grew to 9.704%, the highest in 2022. The struggle against inflation in Brazil caused the Real to weaken against the U.S. dollar. In Brazil, stablecoins are seen as an excellent way to protect savings from inflation.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-12-29 05:31:06 Argo Blockchain Avoids Bankruptcy With $100 Million Agreement With Galaxy Digital

Bitcoin miner Argo Blockchain decided to sell its Helios mining operation in Dickens County, Texas, to Galaxy Digital for $65 million, preventing it from seeking bankruptcy protection. Argo Blockchain will sign a two-year hosting deal with Galaxy Digital.

Argo Blockchain found itself difficult when a plan for $27 million in the capital fell through in October. The acquisition will help Argo strengthen its balance sheet and prevent bankruptcy. The miner announced earlier this month that it was in advanced talks to sell some of its assets and complete an equipment finance deal to avoid declaring Chapter 11 bankruptcy.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-12-28 06:08:02 Amun’s Products Hacked Resulted In A Loss Of $300,000

Amun’s PECO and DFI products were compromised on December 26, 2022, causing a loss of underlying funds of about $300,000. The team will give token owners their money back and let them know how they can anticipate repayment as soon as possible.

The index product provider Amun issued an article saying that on December 26, its products PECO and DFI were attacked, resulting in a loss of about $300,000 in basic funds. The attacker minted 80 billion tokens and dumped them on all available DEXs, causing all available liquidity pools to be exhausted. The DFI token was also subject to the same attack.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-12-27 07:47:02 White Hat Hackers Crack the Code: Over $65M in Crypto Bug Bounties Since 2020

The white hat hackers were rewarded for safeguarding over $25 billion in crypto assets. Immunefi, a leading bug bounty platform for the cryptocurrency industry, has paid out a total of $65 million to white hat hackers since its founding in 2020.

According to Immunefi, 58.3% of the paid reports were for smart contract vulnerabilities, with 728 submissions. There were 488 submissions for cases in the Websites and Applications category, making up 39.1% of the total, and 32, or 2.6%, for Distributed Ledger Technology/Blockchain cases. they only accounted for 2.9% of the payouts, while smart contract bugs represented 89.6% of the payments.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-12-26 08:15:03 Avalanche Web3 Products Are Implemented On FIDE

Avalanche and Core will be promoted as sponsors at FIDE competitions, such as the upcoming 2022 World Rapid and Blitz Championships, and they will contribute to FIDE’s product development to bring chess to Web3.

Over 500 million people play chess worldwide, and FIDE competitions like the World Chess Championship and Chess Olympiad draw hundreds of millions of viewers. An official announcement claims that FIDE selected the blockchain as the technical foundation for its planned chess player on-chain applications. Transparent data processing, tamper-proof experience tracking.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-12-25 07:00:28 Bitcoin closes year with 26th largest market cap globally

Bitcoin (BTC) heads into the Christmas period with the 26th largest market cap at $324.68 billion, just below Mastercard with $328.35 billion. Ethereum (ETH), on the other hand, ranks 77th on the list with a $147.60 billion market cap.

Gold, Apple, and Saudi Aramco are the top three assets, with the largest market cap of $11.939 trillion, $2.103 trillion, and $1.819 trillion, respectively. Microsoft, Silver, Google, and Amazon follow as the fourth, fifth, sixth, and seventh with $1.775 trillion, $1.333 trillion, $1.137 trillion, and $854.80 billion market caps, respectively. Meta Platforms and Samsung, on the other hand, are ranked after BTC as 30th.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-12-24 07:06:02 FTX attempts to maintain ownership of Robinhood shares in court

FTX and Alameda Research are attempting to secure ownership of Robinhood stock worth over $440 million, based on a court filing dated Dec. 22. According to the text of the filing, Emergent Fidelity Technologies currently holds about 56 million Robinhood share.

The ownership of those Robinhood shares is now disputed, as three separate parties are attempting to claim ownership in courts across multiple jurisdictions. The first claimant is BlockFi, which accepted the Robinhood shares as additional collateral on loans between itself and Alameda Research prior to Alameda and FTX’s collapse. BlockFi now intends to obtain and sell those shares.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-12-23 05:59:02 FTX creditors tap Paul Hastings LLP for representation: reports

FTX creditors will be represented by Paul Hastings LLP in the crypto exchange's high-profile bankruptcy proceedings.Paul Hastings was chosen from a pool of candidates by a nine-member committee formed last Thursday, according to The Wall Street Journal.

The ongoing bankruptcy proceedings for FTX see the company attempting to reclaim more than $1 billion spread around the world. Its founder and former CEO, Sam Bankman-Fried, was in FBI custody and extradited to the U.S. from the Bahamas on criminal charges. Caroline Ellison, the former CEO of Bankman-Fried's sister firm Alameda Research, agreed to a plea deal with the U.S. Department of Justice. FTX co-founder Gary Wang did the same.

Source

https://t.me/DeFi_Ethereum Open / Comment