Hackers have stolen over $2.5 billion through vulnerabilities on cross-chain bridges in the past two years. Security has been a critical challenge for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion through vulnerabilities on cross-chain bridges, Token Terminal data shows. Compared to other security breaches, this is a substantial...Continue Reading

The top 100 DeFi tokens had a volatile yet bearish week with nearly all the tokens trading in red on the weekly charts. 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. Uniswap, one of the leading decentralized...Continue Reading

According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal. Caroline Ellison, the former chief executive officer of Alameda Research, said as part of her plea deal that she was aware FTX funds had been made available for the venture...Continue Reading

LastPass users with weak master passwords may need to change the individual passwords they stored with the service. Password management service LastPass was hacked in August 2022, and the attacker stole users’ encrypted passwords, according to a Dec. 23 statement from the company. This means that the attacker may be able to crack some website...Continue Reading

With the BTC price plunging more than 76% peak-to-trough, miners are struggling to keep their operations running. Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go lower in the depts of crypto winter and casualties can multiply overnight. 2022 has been...Continue Reading

According to the FEC, DataVault will receive “reasonable compensation” for each NFT issued to contributors as well as track all tokens issued for its own records. The United States Federal Election Commission (FEC) has issued an advisory opinion stating DataVault Holdings may use nonfungible tokens for fundraising efforts. In a Dec. 15 notice, the FEC...Continue Reading

Bitcoin and most major altcoins are trading close to their overhead resistance levels, increasing the likelihood of an upward push. Bitcoin (BTC) is on track to end the year with a loss of about 65%. This would mark the third negative year for Bitcoin with the other two being 2014 and 2018. In comparison, the S&P 500...Continue Reading

The exchange’s reserve attestation comes only a month after it released its first one and is intended to promote greater transparency in the crypto industry. Crypto exchange OKX has released its second proof-of-reserves on its website, only a month after releasing its first one. Haider Rafique, the chief marketing officer of OKX, shared on Twitter...Continue Reading

The latest U.S. economic data fails to induce volatility in an otherwise flat Bitcoin price playing field. Bitcoin (BTC) saw a flicker of volatility around the Dec. 23 Wall Street open as the latest United States inflation data came in line with expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sees “crumb” of volatility...Continue Reading

“After thirty-four years of public service, it is time for me to pursue new and different challenges and opportunities,” said Dan Berkovitz. Dan Berkovitz, general counsel for the United States Securities and Exchange Commission, said he will be leaving the agency after more than a year. In a Dec. 22 announcement, the SEC said Berkovitz...Continue Reading