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Altcoins News
PayPal stablecoin launch sparks wave of fake PYUSD tokens
Since the launch of PayPal’s new stablecoin (PYUSD), opportunists, degens and potential scammers are already attempting to cash in on the hype with their own copycat tokens.According to data from the decentralized exchange scanner DEX…
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Boon for Ethereum but not decentralization, says community
PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and…
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Elon Musk’s Favorite Crypto Will be on X, Even if There Will be no X Coin
Responding to a Dogecoin influencer warning about scam coins, Elon Musk said Friday that X will never launch a token.
And we never will
— Elon Musk (@elonmusk) August 5, 2023
While that may be so, make no mistake about…
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Controversy as MakerDAO’s Spark Protocol blocks users with VPNs
MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol.At the time of…
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Decentralized asset management system launches for Arbitrum, Optimism
Decentralized asset management platform Valio has launched publicly, according to an announcement from the platform’s team. The new protocol allows users to have their funds managed by professional traders but without having to trust…
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Curve hacker behind $61M heist begins returning funds
The attacker behind the $61 million July 30 Curve Finance attack has returned 4,820.55 Alchemix ETH (alETH), worth approximately $8,889,118, to the Alchemix Finance team and 1 Ether (ETH), approximately $1,844, to the Curve Finance team.…
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Ether ETF applications flood the SEC as ProShares files the 11th
The United States Securities and Exchange Commission has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week. …
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Elon Musk debunks scam token claims
Elon Musk has stated that his social media platform X (formerly Twitter) has no plans to launch crypto tokens in response to a post regarding questionable X and Twitter-based digital currencies on Saturday, Aug. 5.In response to a post…
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Korean superconductor LK-99 joins memecoin craze
Last month, a team of South Korean scientists claimed to have engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman’s terms, the team allegedly created a material allowing…
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CRV exposure risk throws a curveball at the DeFi ecosystem: Finance Redefined
Welcome 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 $47 million Curve Finance exploit on July 30…
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