Fun

News Feed - 2023-11-11 04:11:00

Prashant Jha4 hours agoMango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance RedefinedThe Mango Markets exploiter’s trial was first scheduled for December 2023; however, during one of the court hearings, the accused convinced the judge to delay the trials for a few months.2318 Total views14 Total sharesListen to article 0:00NewsletterJoin us on social networksWelcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.


The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next year after the accused convinced the judge to postpone the fraud trial to April 8, 2023. The Aave protocol had to pause multiple markets earlier after reports of a feature-related bug.


The Coinflux multichain protocol called ShuttleFlow is all set to wind down its services after two years. Meanwhile, the Proof of Stake Alliance published an updated version of the staking requirements earlier this week.


The top 100 DeFi tokens had an eventful week as the majority of the tokens recorded new multimonth highs, and the total value locked in DeFi protocols touched $56 billion for the first time in several months.Conflux multichain protocol shuts down after two years


ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation — also known as the Shanghai Tree-Graph Blockchain Research Institute — will shut down after two years.


The ShuttleFlow technology stack will be transferred to Web3 studio Zero Gravity, which will continue to develop the protocol under a new brand. “All user funds are secure and will be migrated from ShuttleFlow to Zero Gravity,” the project wrote, adding, “Users who have previously bridged through ShuttleFlow and completed the claim of their bridged assets on the destination chain do not need to undergo any additional operations for the migration.”


Continue readingAave pauses several markets after reports of a feature issue


Decentralized finance (DeFi) protocol Aave paused several markets on Nov. 4 after receiving reports of an issue affecting “a certain feature,” according to a post on X.


The pause affects multiple networks, including Aave v2 Ethereum Market and certain assets on Aave v2 on Avalanche. In addition, certain assets on Polygon, Arbitrum and Optimism have been frozen.


Continue readingFraud trial of Mango Market’s exploiter behind alleged $116M theft pushed to April


Lawyers representing the $116-million Mango Markets exploiter have convinced a judge to postpone the fraud trial until April 8, 2023. Avraham Eisenberg’s fraud trial was set to commence on Dec. 4. Still, several circumstances impacted his trial preparations, according to his lawyers, who filed a successful motion for a continuance with District Court Judge Arun Subramanian on Nov. 2.


“As discussed in today’s conference, the motion for continuance is GRANTED. Trial in this case will begin on April 8, 2024,” Subramanian stated in a Nov. 3 court filing.


Continue readingProof of Stake Alliance updates recommendations for staking providers


The Proof of Stake Alliance (POSA), a nonprofit organization that represents firms in the crypto staking industry, published an updated version of its “staking principles” on Nov. 9


POSA represents 15 different firms in the staking industry — Alluvial, Ava Labs, Blockdaemon, Coinbase, Credibly Neutral, Figment, Infstones, Kiln, Lido Protocol, Luganodes, Methodic, Obol, Polychain, Paradigm and Staking Rewards.


Continue readingDeFi market overview


Data from Cointelegraph Markets Pro and TradingView shows that DeFi’s top 100 tokens by market capitalization had a bullish week, with most tokens trading in green on the weekly charts. The total value locked into DeFi protocols jumped to $56.06 billion.


Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.# Cryptocurrencies# Hackers# Court# Hacks# DeFi# Aave# RegulationAdd reactionAdd reactionRead moreHow to manage crypto losses on tax returns in the US, UK and Canada3 theses that will drive Ethereum and Bitcoin in the next bull marketPlatypus Finance recovers 90% of assets lost in exploit

News Feed

Ledger CEO explains what makes a wallet secure as Ledger Flex launches
Ezra Reguerra8 hours agoLedger CEO explains what makes a wallet secure as Ledger Flex launchesLedger CEO Pascal Gauthier claimed that Stax and Flex feature the “only secure touchscreens in the world,” saying that scr
Nissan launches metaverse experience blending car history with driver education
Tristan Greene4 hours agoNissan launches metaverse experience blending car history with driver educationThe new experience is available on VRChat for Meta Quest.907 Total views6 Total sharesListen to article 0:00NewsOwn
Dogecoin Testing Key Demand Zone – Can DOGE Push Above $0.40?
Este artículo también está disponible en español. After the recent market-wide selloff, Dogecoin has faced significant pressure, experiencing a 20% decline from its local
G Mining Inc. — Your Partner in Bitcoin Cloud Mining
If you’re considering Bitcoin Cloud Mining, then G Mining Inc. is the best partner to hold your hand. The company offers very reasonable prices when it comes to BTC cloud mining; besides, the staff is friendly and
Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound
Este artículo también está disponible en español. The crypto market is back up againafter a recent decline like clockwork, and prices are starting to push up once more. I
Tristan Greene5 hours agoCipherTrace expert says Chainalysis data contributed to ‘wrongful arrest’ of alleged Bitcoin Fog founderCipherTrace’s director of investigations and intelligence says data provided to the g
Why is BNB price down today?
Nancy Lubale6 hours agoWhy is BNB price down today?BNB’s price is at risk of further losses as multiple metrics point to Binance losing its market share in the crypto sector.773 Total views10 Total sharesListen to arti
PowerTrade Management Team Explains the Benefits of Automated Market Makers
PowerTrade Management Team Explains the Benefits of Automated Market Makers PowerTrade is an easy-to-use crypto options trading platform, enabling traders to maximize ROI through a
Nokia targets ‘broader potential of metaverse’ in 2030 strategy
Arijit Sarkar14 hours agoNokia targets ‘broader potential of metaverse’ in 2030 strategyNokia’s Technology Strategy 2030 report revealed the company’s plans to invest heavily in its network equipment and services
Greens’ push to end German cryptocurrency tax exemption sparks debate
Veronika Rinecker10 hours agoGreens’ push to end German cryptocurrency tax exemption sparks debateThe Greens think the current one-year holding tax exemption for crypto is unfair and are seeking to abolish it.632 Total
US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen
US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen The U.S. Securities and Exchange Commission has filed a lawsuit agains
Bitcoin Miner Cleanspark Raises Year-End Outlook by 10%, Firm’s Hashpower Surpasses 5 EH/s
Bitcoin Miner Cleanspark Raises Year-End Outlook by 10%, Firm"s Hashpower Surpasses 5 EH/s On October 25, the bitcoin mining operation Cleanspark announced that the firm’s h