Cryptocurrency
DeFi
CoinFLEX to Resume Withdrawals After $47M Token Offering
  • CoinFLEX paused all withdrawals on the platform on 24 June due to extreme market conditions, and an account going into negative equity without being liquidated.
  • Called Recovery Value USD (rvUSD), the new token will be worth $1 each, and will come with a 20% APR paid daily in rvUSD.
2 days ago
money

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Celsius Pauses Withdrawals and Transfers, CEL Drops 55%
  • The company said the move was made “to protect and preserve assets”, and was caused by “extreme market conditions”.
  • Over the last few days the company has also moved massive amounts of wBTC and ETH from the Aave platform to the FTX exchange for unknown reasons.
June 13, 2022, 8:34 AM
CEL drops 55%

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Osmosis Suffers $5M Liquidity Pool Exploit
  • Osmosis’ bug allowed users to add liquidity to any of its liquidity pools, and immediately withdraw 150% of their initial investment.
  • The DEX noted that four individuals were responsible for 95% of the stolen funds, and that two have already volunteered to return $2 million.
June 9, 2022, 1:02 PM
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Metamask vs Coinbase Wallet: Which is Better?
  • MetaMask is a complete self-custody solution available for multiple web browsers, and featuring a mobile app, that supports a large number of blockchains.
  • Coinbase Wallet, on the other hand, offers its users low fees and has become the one of the favorites among exchanges and investors due to its high level of security.
June 8, 2022, 6:11 PM
Hand holding mobile phone with MetaMask app running and MetaMask logo in background

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Jun 6, 2022
CAKE Jumps in Price Following Binance Labs’ Investment
  • While far from its all-time high of $43.96, the price of CAKE did jump by 7% following Binance Labs’ investment, and is now traded for around $4.7.
  • As the largest dapp on BNB Chain, PancakeSwap has been leading the development and adoption of the blockchain, which is one of the reasons behind the investment.

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Jun 1, 2022
Binance’s VC Arm Raises $500M to Fund Web3 and Crypto Adoption
  • The fund is the first in Binance Labs’ history to be created with outside capital, namely from DST Global Partners, Breyer Capital, unnamed private equity funds, and others.
  • The new $500 million fund will invest in cryptocurrency companies in three stages of development, from incubation, to early-stage venture, and finally late-stage growth.
May 25, 2022
Decentralized Exchange Uniswap Surpasses $1T in Total Trading Volume
  • Uniswap can be considered the largest DEX by trading volume, having surpassed $1 billion in trading over the past 24 hours.
  • Uniswap was able to onboard millions of users to the world of DeFi, lower the barrier for liquidity providers, and also introduced fair and permissionless trading.
Apr 28, 2022
Deus Finance Exploited for $13.4M in Flash Loan Attack
  • Blockchain security firm PeckShield noted the attacker used a $143 million flash loan to inflate the price of DEI, allowing him to steal $13.4 million from Deus Finance.
  • This is the second time in two months that a malicious entity had used a flash loan exploit to manipulate the price of digital assets on the DeFi platform.
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