Welcome to Financial Refined, your weekly insight into the most basic decentralized accounting (Defi)-a newsletter that provides you with key trends over the past week.
The rebound caused by the Terra explosion still haunts the password world, and the cancelled stable income service platform Sablegain sues for customer damage. The appellant alleges that the site introduced customer assets into Anchor Protocol without the user's knowledge or consent.
The platypus, which has been used for more than $8 million in the Defi agreement, is already developing a compensation plan to get some of the money back.
Cogent Financial Institution of California recommended a loan of $100m to MakerDAO's RWA Master Participation Trust.
The top priority of the Bridge Agreement's attack last year was the cumulative use of stolen assets worth hundreds of millions of dollars. Unreliable bridges can alleviate this problem and complete cross-chain transmission without the need for intensive fund custodians, which may make it a high selection of safety factors for interoperability.
After nearly four weeks of big bull market, defi market gradually launched a brave war with short orders. Prices fell slightly and the industry as a whole fell slightly, as bulls dominated at the end of the week.
Sablegain, a profit-making service platform for Defi, has been sued by a California people's court for fraud of investors and failure to comply with securities laws.
On February 18th, appellants Alec and Artin Ohanian filed a lawsuit with the Regional people's Court in Seattle, USA, accusing the cancelled Defi agency of transferring all its customer assets to the Anchor agreement without their knowledge or consent. The oriented protocol gives a yield of up to 20% in Terraform Labs's algorithmic stability, Terra yield. (UST).
Keep reading.
According to an autopsy report by Omniscia, a certified public accountant at Platypus, the $8.5 million Platypus flash chip loan attack is likely because of the incorrect coding order. The Defi company is working on a plan to pay users' losses after a lightning loan attack cost the agreement nearly $8.5 million, seriously affecting its smooth dollar peg.
In a tweet on Feb. 18, Platypus said it had a liability plan and asked users not to be aware of the damage caused by these people in the agreement, saying it would make it difficult for companies to manage the situation. According to the agreement, the liquidation of assets was suspended again.
Keep reading.
Access to the password borrowing platform MakerDAO has voted on a new proposal to include another banking company in its ecosystem and enhance the link between Defi and traditional finance.
According to the MakerDAO Governance Community Forum, Cogent Bank, a bank based in California, recommended a loan of $100m to MakerDAO's RWA Master Participation Trust.
Keep reading.
The blockchain technology bridge allows Defi users to apply the same OTP across several blockchain technologies. For example, traders can also use dollar coins (USDC) on ethernet or Solana blockchain to interact with these Internet decentralized uses.
Because these protocols may be more convenient for Defi users, they face the risk of being used by hackers and attackers. In the past year, for example, jumping Bug Bridge-the most popular cross-chain landing password bridge among Solana, Ethernet Square, landslides and other companies-has been hacked, with cyber attacks stealing more than $321 million worth of Weth, the largest hacking in Defi's history at the time.
Keep reading.
Dissecting data show that the total market capitalization of Defi has fallen below $50 billion in the past week. Defi's top 100 tokens by market capitalization have been mixed this week, with most tokens traded in green and a few in red, according to Cointelegraph Markets Pro and TradingView statistics.
We'll see you next week for a summary of the most influential Defi trends this week. Join us next Friday to get more short stories and opinion education in such a dynamic development space.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023