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

Ethereum Flashes Golden Cross Signal – Can Bulls Push ETH To $3,000?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Croatian E-bike Company Greyp Bikes Integrates Cryptocurrency Payments
Croatian E-bike Company Greyp Bikes Integrates Cryptocurrency Payments Greyp Bikes, a company founded by Croatian innovator and entrepreneur Mate Rimac, has integrated crypto payme
Brayden Lindrea9 hours agoBitcoin will bring global payments out of the ‘fax era’ — Ex-PayPal bossMarcus said there’s still no universal protocol when it comes to transferring money, unlike information which can
Helen Partz14 hours agoBlockdaemon among founders of BSN Spartan Network governing bodyThe BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional
Enforcement of South Korean virtual assets law prescribed in decree
Derek Andersen5 hours agoEnforcement of South Korean virtual assets law prescribed in decreeThe details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its cus
No Backdoor on Human Rights: Why Encryption Cannot Be Compromised
No Backdoor on Human Rights: Why Encryption Cannot Be Compromised In April 2019, the UK issued an Online Harms White Paper to announce its campaign to rein in “harmful spee
Crypto Confronts Social Justice Warriors 
Crypto Confronts Social Justice Warriors  “Many men are lamenting the “man-hating” rhetoric that they have imagined stemming from SJWs. It just so happens that
$24M CryptoPunk NFT sold quietly as market interest fades
Ezra Reguerra30 minutes ago$24M CryptoPunk NFT sold quietly as market interest fadesThe actual sale amount was not disclosed, leading community members to speculate that the NFT was sold at a loss. 174 Total viewsListen
P2P Bitcoin Trading: Venezuela, Colombia Account for Over 23% of Total Localbitcoins Volume
P2P Bitcoin Trading: Venezuela, Colombia Account for Over 23% of Total Localbitcoins Volume A study revealed a rising trend in bitcoin (btc) volume trading acros
Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition
Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the
KuCoin Labs Invest in Huobi-Backed SocialFi Platform to Expand Into Metaverse and NFT Space
KuCoin Labs Invest in Huobi-Backed SocialFi Platform to Expand Into Metaverse and NFT Space press release PRESS RELEASE. The latest strategic investment in emerging SocialFi startup