reporter Posted on: December 27, 2023 Among all DeFi protocols, MakerDAO generated the most revenue in 2023. This comes after TVL declined significantly and the DAI stablecoin briefly lost its peg. MakerDao (MKR) has emerged as the highest-grossing decentralized finance (DeFi) protocol of 2023. Dipilama showed it Source: DefiLlama This surprising turnaround was fueled by the following factors: Increase The protocol’s DAI stablecoin supply and integration of real assets and U.S. Treasury bills (T-bills) provide returns as interest rates rise. Maker has surpassed Lido in terms of revenue so far this year, despite being second only to Lido Finance (LDO)…
Author: Crypto Flexs
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No one is arguing that 2022 will be nothing but a bear market. After Bitcoin reached its ATH in November 2021, we saw a bear market develop in classic fashion by losing support at key technical levels. While the weakness played out in a somewhat predictable manner, the market was caught off guard by the events that led to the FTX crash in November 2022. That’s because the FTX contagion had a devastating ripple effect that was felt by the largest institutions with exposure to cryptocurrencies. Not only the banks actually expected prices to go lower. Fears and fighting among…
Today we disclosed the first set of vulnerabilities in the Ethereum Foundation’s bug bounty program. These vulnerabilities have been previously discovered and reported directly to the client team through the Ethereum Foundation or bug bounty program. execution layer and consensus layer. Through its bug bounty program, which allows the Ethereum Foundation (EF) to coordinate and cross-check vulnerabilities across clients, EF currently receives vulnerability reports for Nimbus, Teku, Lighthouse, Prysm, Lodestar, Go Ethereum, Nethermind, Erigon, and Besu. I’m doing it. List of new repositories and vulnerabilities A full list of vulnerabilities along with additional information is available. Here in the git…
TurtStat announced the launch of a new project, QuilllQ, on December 28, 2023. The Alpha Stage starts at 19:00 UTC and ends at 21:00 UTC. The beta stage lasts for the next 2 hours. QuilllQ has been defined as an all-in-one aggregation tool platform. Dr. Q, an artificial intelligence tool, is leading the way. QuilllQ is tasked with supporting users with key features including but not limited to automated on-chain data analytics reporting, smart rune forging, and robotic automated trading. Alternatively, QuilllQ can be defined as the first intelligent rune-making platform for Bitcoin. It covers aspects related to analytics, support,…
In an unexpected turn of events, creditors of the now-defunct Bitcoin exchange Mt. Gox have finally received fiat repayment for their trapped Bitcoins, about 10 years after the exchange closed in February 2014. I insist. Although the report has not yet been officially confirmed, several Reddit users on the r/mtgoxinsolvency page have claimed that Mt. Gox shared his experience sending repayments denominated in Japanese Yen through PayPal.One Reddit user, Free-end254, posted a screenshot of a PayPal receipt saying, “I just received my money.” Another user was skeptical at first, believing the email was a phishing scam, but later confirmed that…
This year has been a year in which the new wave of cryptocurrency social media apps has made great strides. Because some have opened up access and others have gained significant traction.There are broadly two categories of these apps, with some overlap. The first is called “decentralized social,” which includes social media apps that operate over a decentralized network in an effort to give users more control over their applications and prevent any significant centralized entity from taking charge. do. The second category is known as “social finance,” where applications embed cryptocurrency functionality in a very direct way, bringing monetization…
The new year looks set to be off to a tumultuous start for Chainalysis. The trial for Roman Sterlingov, set to begin on February 12th, is accused of laundering millions of dollars in money. In addition to calling into question the credibility of Chainalytic Reactor, he is currently being sued by cryptocurrency project YieldNodes. In its 2023 Crypto Crime Report, Chainalytic claimed that YieldNodes, a Hong Kong-based project that rents computing power to participate in masternode pools, is a scam. In a graph summarizing cryptocurrency fraud activity, Chainalytic described YieldNodes as the second-largest cryptocurrency fraud by revenue in 2022, with…
Hacks and exploits continue to plague the cryptocurrency industry in 2023, with cryptocurrency criminals taking advantage of weak security to cause billions of dollars in losses. Good news? According to analysts, this year wasn’t as bad as last year, which was the worst on record.Blockchain intelligence company TRM Labs said The December report said that while “a few large-scale hacks in December could close the gap,” 2023 is likely to end with “a much lower total number of hacks than 2022,” with a massive $4 billion stolen during the period. Nonetheless, there have been massive losses this year, with TRM…
One analyst explained that Worldcoin is currently breaking out of a pattern that could potentially lead to an 80% rise in WLD. Worldcoin appears to be going strong at the moment. new post At X, analyst Ali shared a 4-hour price chart of Worldcoin that shows the formation of a bull flag for the cryptocurrency. A “bull flag”, as the name suggests, is a continuous pattern in technical analysis that looks like a flag on a pole. A bull flag forms when a sharp upward trend in price slows and reverses in the opposite direction while consolidating within a specific…
Barry Silbert, founder and CEO of Digital Current Group, and Mark Murphy, president of DCG, have resigned from Grayscale Investments’ board of directors.According to the document, their resignation is effective January 1, 2024. On Tuesday, Grayscale Bitcoin Trust filed with the Securities and Exchange Commission. The SEC is currently reviewing G. BTC -2.20% This is an application for conversion to a spot Bitcoin exchange-traded fund.DCG is the parent company of Grayscale.Silbert, who served as chairman of Grayscale’s board of directors, will be succeeded by Mark Schiffke, 64, DCG’s chief financial officer. Other new members of Grayscale’s board of directors include…