Month: October 2020

Flash loans can be used for more than just siphoning funds out of poorly put-together decentralized finance (DeFi) protocols. That’s one lesson investors can learn from Israel-based startup BProtocol’s manipulation of flash loans to sway election results on DeFi legacy project MakerDAO earlier this week. According to the MakerDAO community forum, on October 26, BProtocol
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In the last few days Bitcoin (BTC) price rallied within a hair of the $14,000 level and Ether (ETH) followed with a similarly strong performance but the altcoin failed to hold above the $400 physiological support.  Bitcoin and Ethereum year-to-date performance. Source: Digital Assets Data Although Ether price is below $400, data show traders are
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Decentralized finance (DeFi) protocol Harvest Finance has upped its bounty from $100,000 to $1 million for information leading to the return of $24 million in siphoned funds taken in an exploit Monday. According to the Harvest Finance Twitter and Discord account, the anonymous Harvest Finance team is offering the bounty for “tracking down” the attacker
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The chief of Canada’s central bank has said its national digital currency initiative is progressing past the experimental phase. In an interview with Reuters published Thursday, Bank of Canada (BoC) Governor Tiff Macklem said his institution is working with G7 member states on its plans for a central bank digital currency (CBDC). The digital dollar
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“What is the time value of money?” That’s the age-old question Allan Niemerg, former head of research and investments at Cumberland DRW and founder of newly launched Paradigm-incubated Yield Protocol, is trying to answer with his new programmatic money market. Released publicly Oct. 19, Yield is jostling to join a $2.6 billion decentralized lending industry dominated
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Aave has become the latest decentralized finance (DeFi) project to transfer governance rights to its token holders. On Oct. 29, Aave announced that the protocol’s admin keys had been transferred from its core developers to governance communities under the command of holders of its native LEND utility token. “Today marks a historic moment for the
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The Lightning Network is a young protocol, and it’s going through some technical growing pains as its tech stack grows and its network expands. While most of the vulnerabilities (covered in part one of this series) are neither protocol-breaking nor easy to exploit, they’re still reminders that improvements come with trade-offs – and that security
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