Tag: xdai

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Ethereum gas usage spikes for stablecoins; primarily inflows in USDT

Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of the following categories: Stablecoins: Fungible...

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower – Bitcoin News

Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been...

Revert Finance hacked: Users got revoke approvals

Revert Finance, an AMM liquidity management protocol, confirmed through a tweet that the “v3utils” contract was hacked, and 90% of the...

A deep dive into the implications of the lawsuit and its effects on stablecoins

Paxos faces SEC lawsuit over BUSDOn Feb. 13, the U.S. Securities and Exchange Commission (SEC) enforcement division issued a Wells notice to Paxos,...

CoinGecko and 21Shares Launch Crypto Classification Standard

CoinGecko and 21Shares classify crypto into three...

CoW Swap said it suffered no loss – despite $166k exploit

Decentralized exchange (DEX) protocol CoW Swap confirmed that it was exploited for $166,000 by a hacker who drained a settlement contract containing its...

Web3 Dev Andre Cronje Says DeFi is Here to Stay

2022 was not a great year for decentralized finance (DeFi). The industry saw implosion in itself thanks to the unsustainable high yields that...

Maker’s new contingency budget fund

The Defense Fund will soon be created following the approval that has come directly from the Marker Governance. The Defense Fund...

Hector DAO: All You Need to Know

Hector DAO is a decentralized organization that seeks to create decentralized utility for its community. The Hector Network is powered by the Hector...