The ongoing drama between two projects built on the Cardano (ADA) blockchain escalated across multiple social media platforms Monday, much to the dismay of the ADA community.The issues began in April when accelerator program CardStarter announced it would launch its own decentralized exchange or DEX. Shortly thereafter, its founders incentivized investors to provide … [Read more...] about Cardano projects SundaeSwap and CardStarter squabble over failed promises to investors
According to Reuters, in 2020, Binance acted against its own money laundering risk alerts for at least seven countries. Specifically, the ratings for Russia and Ukraine were "manually" downgraded from "extreme" to "high," such that the exchange could continue offering services there, according to Reuters. Source link … [Read more...] about Binance Didn’t Upgrade Customer Checks, Despite Promises to Regulators: Report
The completion of the first Polkadot parachain auction was occasion for its creator, Gavin Wood, to herald a newfound freedom from the economic constraints of Ethereum smart contracts.Wood, a co-founder of Ethereum who helped develop the smart contract programming language Solidity, said Polkadot’s economic lease-holding model for parachains (literally, parallelized chains) is … [Read more...] about Polkadot Chief Promises Freedom From Ethereum’s ‘Economic Enslavement’
With the imminent launch of smart contracts on Cardano, thoughts turn to its ecosystem and how it will develop against competing chains.One such consideration is stablecoins, which are an essential component of any crypto ecosystem. Stablecoins bridge the gap with fiat and presenting a solution to volatility.Earlier this week, developers Input-Output Global (IOG) teased the … [Read more...] about Cardano (ADA) backed ‘Djed’ stablecoin promises transparency and price stability
Cross-chain decentralized finance (DeFi) yield farming platform bEarn Fi fell victim to an exploit in its smart contract on Sunday, allowing a malicious user to siphon $10.85 million worth of Binance USD (BUSD) stablecoins from one of its vaults.“Dear community, we have been hard at work investigating the situation. We have published details regarding the Alpaca BUSD exploit … [Read more...] about DeFi platform ‘bEarn Fi’ promises 105% compensation after $10 million hack, but is it the right thing?