Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. After the Mango Markets exploit last week, Compound protocol paused the supply of four tokens as lending collateral to protect it against any price manipulation. Crypto staking protocol Freeway
Month: October 2022
Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias. In a lawsuit filed in Singapore’s high court on Sept. 23, 359 individuals allege
Tesla and Spacex CEO Elon Musk has completed the acquisition of Twitter Inc. and reportedly fired the company’s CEO and CFO. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square,” he said. “There is currently great danger that social media will splinter
The shift of the Ethereum blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining. Staking impacts the supply and price dynamics of Ether in ways that are different than mining. Staking is expected to create
PlayStation Plus’ monthly free games for November 2022 have been announced. These titles will be available to members of PS Plus Essential, Extra, and Deluxe/ Premium plans, starting next week. On November 1, PS Plus subscribers gain access to the Japan-set Soulslike sequel Nioh 2, the entire Lego Harry Potter Collection, and the atmospheric indie
Google is planning a legal challenge to block a ruling by India’s antitrust watchdog to change its approach to its Android operating system, concerned that it will restrict how it promotes the platform, sources with direct knowledge of the situation told Reuters. The Alphabet unit has been fined $275 million (nearly Rs. 2,300 crore) in two Indian
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Andrew Kelly | Reuters Apple stock rose 7.5% on Friday, a day after it reported September quarter earnings that modestly beat
Apple announced the 11-inch and 12.9-inch iPad Pro (2022) and the redesigned iPad (2022) last week. These tablets have now gone on sale in India for the first time. The two new iPad Pro (2022) models come with the Apple M2 chip, whereas the Apple A14 Bionic SoC powers the iPad (2022). These new Apple
Former US President Donald Trump on Friday said he was happy Twitter was in “sane hands” after Elon Musk formally took over, but did not say whether he would return to his account on the platform that banned him. Trump said he thought his own Truth Social media platform “looks and works better.” “I LOVE TRUTH,” Trump
Multiple high-severity security flaws have been disclosed as affecting Juniper Networks devices, some of which could be exploited to achieve code execution. Chief among them is a remote pre-authenticated PHP archive file deserialization vulnerability (CVE-2022-22241, CVSS score: 8.1) in the J-Web component of Junos OS, according to Octagon Networks researcher Paulos Yibelo. “This vulnerability can
Bitcoiner Dan Held gave journalist Nicole Behnam a true Texan welcome to Austin while the pair discussed their individual paths into the world of crypto. Dan Held is a household name in the world of Bitcoin (BTC), while Nicole Behnam is a journalist turned cryptocurrency and NFT enthusiast. Together, the pair explored Held’s hometown of
Ether (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become. Data from on-chain analytics platform CryptoQuant confirmed that United States dollar-denominated short liquidations hit a new all-time high on Oct. 25. Two days, half a billion dollars of ETH shorts It is not just
Switzerland’s southern city of Lugano and El Salvador have signed an economic cooperation agreement based on crypto and blockchain. According to an Oct. 28 announcement from Lugano, the two pro-crypto jurisdictions signed a memorandum of understanding on economic cooperation at the city’s Plan B event. Lugano Mayor Michele Foletti cited El Salvador adopting Bitcoin (BTC)
Ripple Labs has published its third quarter report. In addition to numerous advances in development and adoption, two bits of information are particularly interesting for XRP investors. The first figure was hailed a major milestone by Ripple Labs CEO Brad Garlinghouse on Twitter. For the first time in the history, the company’s XRP holdings have
Bitcoin (BTC) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses. Economic data for Q3, 2022, saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction. Bitcoin hodlers shrug off Q3 tech results The largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after
As the crypto market shows signs of a gradual recovery, with Bitcoin (BTC) holding above the psychologically important $20,000 level after its initial crash to $17,600 in June, this month still sets a record low for an average daily aggregate product volume across all digital asset investment products. According to the report from CryptoCompare, published
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