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DEFI
Bitcoin custodian Nostr Assets pauses deposits after reaching ‘maximum capacity’
Bitcoin infrastructure developer Nostr Assets has paused deposits following record-high user activity.In a Dec. 5 announcement posted on Telegram, the Nostr Assets team warned users to “await further announcements and do not attempt to…
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Cosmos-based networks Umee and Osmosis to merge, creating ‘DeFi Hub’
Cosmos-based networks Umee and Osmosis will merge via a software upgrade, according to a Dec. 4 announcement. Umee’s UX Chain code will be reimplemented on the Osmosis chain, allowing features of the two networks to be combined and creating…
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KyberSwap hacker wants control, law firm says Aussie DeFi tax rules ‘non-binding’: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The hacker who stole over $46 million from the DeFi…
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KyberSwap announces treasury grants for hack victims
KyberSwap intends to provide financial assistance to users affected by a significant exploit on Nov. 22, which led to a $48.8 million loss for the decentralized finance protocol. To address this, KyberSwap is establishing a grant initiative…
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Crypto thieves steal $363M in Nov, the most ‘damaging’ month this year
The cryptocurrency industry has now seen its most “damaging” month for crypto thievery, scams and exploits in 2023, with crypto criminals walking away with $363 million in November, according to a blockchain security firm.Around $316.4…
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DeFi could solve Africa’s foreign exchange problems, neobank CEO says
Forex liquidity and currency swaps are hard to access for many in Africa, which limits the use of United States dollar-based services in the continent’s import-dependent economies. This creates a vacuum that decentralized finance (DeFi)…
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KyberSwap DEX hacker sends an on-chain message: Be nice, or else
The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities, threatening to push out negotiations until everyone is “more civil.”In an on-chain message addressed to…
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OKX launches crypto exchange, wallet services in Brazil
Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform. On Nov. 27, the company said it is focusing on providing a…
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Cosmos Hub greenlights ATOM inflation cut for security boost
The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, Cosmos (ATOM), from 14% to 10%.According to the proposal, the authorized modification would reduce ATOM’s annualized…
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Indexed Finance thwarts hijackers, set to compensate 2021 hack victims
Indexed Finance, an Ethereum-based project that suffered a $16 million hack in 2021, has successfully thwarted two hijacking attempts. The project’s decentralized autonomous organization (DAO) control will be returned to its founders,…
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