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DEFI
The future of smart contract adoption for enterprises
Decentralized finance (DeFi) markets may have cooled down over the past year, but the technology powering these applications continues to advance. In particular, smart contract platforms that enable transactions to take place across DeFi…
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Is Bitcoin the only crypto that will survive FTX? Interview with Bitcoin maximalist
The downfall of FTX and a number of other centralized finance platforms in 2022 reinforces the narrative that most of the crypto ecosystem will eventually collapse due to its centralization, with the exception of Bitcoin (BTC) — at least…
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Compound Finance to impose lending caps in light of failed Aave exploit
Users of decentralized finance lending platform Compound Finance have passed a proposal to restrict the maximum borrowing of 10 tokens on the protocol. The proposal put forth by financial modeling firm Gauntlet passed Nov. 28 by majority…
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Serum exchange rendered ‘defunct’ following the collapse of Alameda and FTX
The Solana-based decentralized exchange (DEX) has notified its community that the collapse of its backers — Alameda and FTX — has rendered its program “defunct”. The team behind the project shared that “there is hope”, in spite of its…
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Aave temporarily freezes lending markets to fend off further attacks
Decentralized liquidity protocol Aave has temporarily suspended lending markets for 17 tokens to fend off volatility risks that could lead to further attempts at market manipulation.Lending markets were frozen right after its governance…
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ConsenSys addresses MetaMask IP collection, claims nothing has changed
After community backlash received from an initial privacy policy revision on Nov. 23, ConsenSys, the parent company of MetaMask, released a statement to reiterate the intentions of its data collection.The company stated that the policy has…
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American regulators to investigate Genesis and other crypto firms
Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25. Joseph Borg, director of the Alabama Securities Commission,…
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1inch releases new tool to protect traders against ‘sandwich attacks’
Exchange aggregator 1inch released a new tool called “Rabbithole” on Nov. 25, which the company says will protect traders against malicious “sandwich attacks.” The team announced the launch of the tool in a press release that has been made…
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Leading Cardano stablecoin project shuts down after excruciating launch delays
On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted development, citing "funding and project timeline uncertainty." The project will remain open-source for builders…
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Researcher explains ETH exodus from exchanges
Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse.Nansen research analyst Sandra Leow posted a thread on Twitter…
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