Jito DAO, a Solana-centric liquid staking solution, is considering spending more than $7.5 million of its existing JTO tokens for liquidity mining. At current prices, this figure would be worth about $29 million. This represents 3.1% of the total 240 million JTO held in the DAO Treasury. This is the second governance proposal to Jito DAO after the JTO airdrop in December last year. The proposal was made by DeFi research firm Gauntlet. Gauntlet has terminated its connection with Aave’s DAO due to incompatibility. According to DeFilama, Jito is known to operate Solana’s largest liquid staking solution with Total Value…
Author: Crypto Flexs
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Tornado Cash developer Alexey Pertsev was found guilty of laundering $1.2 billion in the Netherlands. Although Tornado Cash was non-custodial, Pertsev was sentenced to more than five years in prison. The verdict sparked a debate about the responsibilities of open source developers in the cryptocurrency space. Alexey Pertsev, founder of cryptocurrency mixing protocol Tornado Cash, was found guilty of money laundering by Dutch judges in the s-Hertogenbosch court on May 14. . The ruling follows Pertsev’s arrest in the Netherlands in August 2022. This is a critical moment at the intersection of cryptocurrency technology and legal liability. 5 years and…
Chainlink Drives LST and LRT Adoption in DeFi Chainlink, the leading blockchain oracle network, is providing the tools needed to drive the adoption of Liquidity Sensitive Tokens (LSTs) and Liquidity Return Tokens (LRTs) in decentralized finance (DeFi). The platform plays an important role in the development of the DeFi ecosystem by providing the data, computing, and cross-chain services required by asset issuers and DeFi protocols. Powering DeFi with LST and LRT LST and LRT are innovative financial products in the DeFi space. This token is designed to enhance the functionality and flexibility of DeFi protocols,…
Join Our Telegram channel to stay up to date on breaking news coverage Despite the gloom of the crypto market, some low-priced altcoins are generating bullish momentum. Shiba Inu, Jasmy coin, Beam, eCash, Bonk, and Pyth Network emerge as promising cryptos today, showcasing the widespread momentum propelling digital assets forward. We analyze these coins to determine their profitability. Shiba Inu has posted remarkable ROI to early investors surging by over 1.8 million percent since its launch. Notably, SHIB’s YTD surge stands at 178. Meanwhile, Beam has continued its dizzy price movement from April. The token has seen increased market activity,…
Liminal Custody Strengthens Leadership in Digital Asset Management by Securing Core ADGM FSP License – Chainwire housenewsroomLiminal Custody Strengthens Leadership in Digital Asset Management by Securing Core ADGM FSP License We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or…
Alexey Pertsev, the developer of the Ethereum blender Tornado Cash, was found guilty of money laundering by a Dutch court and sentenced to 64 months in prison.A Dutch judge at the s-Hertogenbosch court said Tornado Cash was “for criminals” and “fully supports criminal users.” As a result, the developer was found guilty of laundering $1.2 billion in illegal assets.The court said that between July 9, 2019 and August 10, 2022, Pertsev had made a “habit of committing money laundering” with Tornado Cash and should have been more suspicious about the criminal origin of transactions on the platform.His lawyers have 14…
Posted 1 minute ago In ~ Zero-knowledge project Hylé has raised $2.6 million in new funding led by venture firm Framework Ventures.Cherry Crypto, Fabric Ventures, First Capital, and Heartcore Capital also participated in this round. To date, Hylé’s total initial funding is $3.4 million, and it has generated an additional $1.5 million in revenue from its NFT project briqNFT, the company’s co-founder Sylve Chevet told The Block. Hylé’s board of directors will not change. Hylé builds the Hylé Network using zero-knowledge proofs (ZKP) for scalability and privacy. According to a release shared with The Block, Hylé wants to become a…
Coinbase, the world’s second-largest exchange by trading volume, suffered a large-scale outage on May 14.Coinbase announced a system-wide outage lasting three hours at 4:19 AM UTC. According to its status page, the exchange was eventually fully restored by 7:34 AM (UTC).X Exchange specified in post:source: coinbaseThe exact cause of the service outage is not yet known, but Coinbase said it will continue to investigate the matter.According to CoinMarketCap data, Coinbase is the second-largest exchange in the world with 24-hour trading volume of $2.4 billion, compared to market leader Binance’s $18.7 billion.source: CoinMarketCapRelated: WBTC thieves return $71 million worth of stolen…
CertiK discovered and patched a major security flaw in the Aptos network’s Wormhole bridge, potentially saving $5 million. The vulnerability allowed attackers to create fake token transfers, but CertiK’s quick action ensured that users’ funds were protected. Aptos’ Wormhole Bridge $5 million security flaw discovered CertiK discovered a flaw in Aptos’ Wormhole bridge and reported it to the Wormhole team. The issue was caused by incorrect implementation of the ‘public(friend)’ and ‘entry’ qualifiers in the MOVE programming language. The ‘public(friend)’ modifier allows the function to be called by other people within the same module or by a specified external account.…
OKX X Layer discontinues swap productIn a recent announcement, OKX The suspension will take effect from May 30, 2024. X-layer swap functions, including trading, adding liquidity, and removing liquidity, will be gradually discontinued.Due to product discontinuation, functions such as exchange, liquidity removal, and transaction history inquiry within the Swap product will no longer be available. Users are encouraged to remove existing liquidity via X-layer swaps prior to the outage date.Impact on UsersUsers are encouraged to remove liquidity prior to the suspension date. If liquidity is not removed within the specified period, the assets may be…