A catalyst for mainstream crypto adoption

A catalyst for mainstream crypto adoption

For Satoshi Nakamoto, the creator of Bitcoin (BTC), the motivation to create a new payment ecosystem from scratch in 2009 stemmed from the economic chaos caused by the banking sector’s over-exuberant and risky lending practices mixed accompanied by the bursting of the housing bubbles in many countries at the time.  …

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BlueBenx fires employees, halts funds withdrawal citing $32M hack

BlueBenx fires employees, halts funds withdrawal citing $32M hack

BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million Brazilian real). While no details about the hack were made available, the company allegedly laid off most of its employees. BlueBenx joins …

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Optimism TVL surges nearly 300% M/M ahead of The Merge upgrade

Optimism TVL surges nearly 300% M/M ahead of The Merge upgrade

According to data from DefiLlama, total value locked (TVL) on Optimism, a layer-2 scaling solution for the Ethereum blockchain, has surged 284% in the past month. The vast majority of TVL consists of users lending and borrowing assets on Aave through Optimism’s layer-2 chain. Investors have been bidding up digital …

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