The Arbitrum Foundation has released a raft of new improvement proposals following the fracas that ensued after its first failed attempt at governance. On April 5, Ethereum layer-2 solutions provider Arbitrum posted new Arbitrum Improvement Proposals (AIPs) for the governance of the network. The new proposals include AIP-1.1, which covers a smart contract lockup schedule, […]
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A new report from the United States Treasury Department analyzing decentralized finance concluded that actors from the Democratic People’s Republic of Korea, as well as other scammers, are able to exploit vulnerabilities to facilitate money laundering. In its “Illicit Finance Risk Assessment of Decentralized Finance” report released on April 6, the U.S. Treasury said many […]
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Trader Joe has risen into the top five decentralized exchanges (DEXs) by trading volume following the launch of its v2 platform on Arbitrum on Feb. 1. Top five DEXs by seven-day trading volume. Source: DeFiLlama The project launched a liquidity incentive program to boost deposits for Arbitrum’s ARB, Ether (ETH) and USD Coin (USDC) trading, […]
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The pseudonymous Twitter user and blockchain investigator Officer’s Notes believes they may have been a suspect in the $195 million Euler Finance hack. In an April 4 Twitter thread, the security researcher stated, “Seems like I was a suspect in this case, as usual.” The Euler team has denied that Officer’s Notes was a suspect, […]
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Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has confirmed that 921 Ether (ETH) worth $1.7 million is currently stuck in one of its new smart contracts, GemstoneIDO. However, the firm claims the funds to be “safe” and to have found an “elegant” solution for rescuing the funds, which accumulated during the […]
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The International Organization of Securities Commissions (IOSCO) will launch a consultation for its regulation report on crypto assets in Q2 2023. The final recommendations from the organization are planned to be published by the end of 2023. The dates are scheduled in IOSCO’s work program for 2023–24. Two major workflows are dedicated to decentralized assets […]
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The March 13 flash loan attack against Euler Finance resulted in over $195 million in losses. It caused a contagion to spread through multiple decentralized finance (DeFi) protocols, and at least 11 protocols other than Euler suffered losses due to the attack. Over the next 23 days, and to the great relief of many Euler users, […]
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Blockchain tokenization experiments began in 2012 with “colored coins.” However, despite this initial release, many agree that it wasn’t until 2014 that tokenization’s full potential was achieved with the release of the scripting language that allowed complex programs and applications on Ethereum to interact with each other and with the Ethereum network. With the ability […]
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The algorithmic stablecoin TerraUSD (UST) collapsed almost one year ago, but some Terra-related projects are still live and trying to overcome some issues. Terraport Finance, a decentralized finance (DeFi) exchange project based on the Terra Classic blockchain, suffered a breach on its liquidity wallet on April 10. Announcing the news on Twitter, Terraport said the […]
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