Dec 18, 2020 08:22 GMTCrypto News
Warp Finance got hacked via a flash loan attack.
The hacker used a complicated scheme based on multiple protocols and swaps.
The team has a plan to compensate users for losses.
Another DeFi project got hacked and lost about $8 million of user funds in DAI and USDC. The attacker exploited a sophisticated multi-protocol flash loan scheme and Tornado Cash to hide the digital trace.
Warp Finance is a DeFi platform that claims to offer “an optimized lending solution powering a liquidity engine.” In other words, they allowed users to take cryptocurrency loans using stablecoins as collateral. The project was launched in October 2020.
Bitcoin s price crosses $22,000 for the first time
Bitcoin s price has been hitting new records. It has crossed $22,000 for the first time.
At the time of writing, the world s first and largest cryptocurrency is trading hands at around $22,167 on Coinbase, according to TradingView.
The surge to $22,000 occurred in less than 12 hours. Last night, bitcoin was trading at around $21,260.
Source: TradingView
Bitcoin options daily trading volume crosses $1 billion as bitcoin surges above $23,000
December 17, 2020, 4:21AM EST
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1 min read
Bitcoin options daily trading volume has crossed the $1 billion mark for the first time, as bitcoin surges past $23,000.
Crypto exchange Deribit leads the bitcoin options market, followed by Bit.com and OKEx, according to tracker Skew. Meanwhile, bitcoin is trading hands at around $23,550 on Coinbase, according to TradingView.
Deribit CEO John Jansen told The Block that it is quite a special day as all metrics have hit new all-time high records for the exchange total open interest, total turnover, and total options turnover. We have seen a total turnover of $1.4 billion today (rolling 24 hours). Skew looks at calendar dates, so the market reached > $1 billion, but on Deribit alone, we traded more than that over the past 24 hrs, said Jansen. We get a lot of demand for higher strikes and have just introduced a USD 100k strike for Septem
December 12, 2020, 12:24PM EST
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2 min read
France s central bank began to experiment with central bank digital currency (CBDC) applications and use cases this spring.
As previously reported, the Banque du France is specifically testing a so-called digital euro in the context of clearing and settlement of tokenized assets. And at the time, the central bank stressed that such experiments were just that trials, nothing more.
New comments from a senior Banque du France official indicate that the institution is looking past the horizon, however, as the Eurosystem moves closer to the potential approval of a digital euro. ECB chief Christine Lagarde has spoken on numerous occasions, and an up-or-down decision is expected as early as January.
No More Fickle Pickle Success: SpaceSwap Shadow Staking Is Here to Change the Game
Dec 10 2020 · 17:06 UTC by Julia Sakovich · 5 min read
Photo: SpaceSwap
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Right now, the whole community is waiting for a DeFi remedy to be created and Shadow Staking could possibly become the DeFi safety standard in this sphere.
Recently, the DeFi protocol Pickle Finance has been hacked for almost half of its value, losing $20m dollars in $DAI. Though the crypto experts state that the hack method is still unknown, many professionals assume that the classic flash loan attack is behind the hack.