Lysin Finance – Unlocking the Next Level in DeFi with AI-Driven Stablecoins

Lysin Finance is a trailblazing DeFi company that issues stablecoins through cutting-edge algorithms. The company's ultimate goal is to revolutionize the finance industry by combining the transformative potential of blockchain technology with the power of artificial intelligence. Erinzi stablecoin (ENZ) and Lirum reserve coin (LIR), the company's first two projects, are concrete manifestations of its unwavering commitment to achieving full financial decentralization. In this Lysin Finance review, we dive deeper into Erinzi stablecoin and explore how its innovative use of…

Ethereum Recorded 4x More Transactions in 2022 But BTC Remains Popular

2022 saw crypto second-in-command the Ethereum network surpass Bitcoin in terms of transactions. Indeed, Ethereum reeled in four times the amount of transactions BTC processed in the past 12 months. Interestingly, despite this, BTC was able to retain its status as the best-known cryptocurrency, netting more searches than Ethereum did.  BTC Attracts the Most Online Interest in 2022 An analyst shared data on Reddit from financial services corporation Nasdaq alongside investment research platform Ycharts pertaining to both crypto assets. Per…

FTX Hacker Converts 50k Stolen ETH to BTC

Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH's price dipping by almost 7%.  https://twitter.com/chainalysis/status/1594349583416840199?s=20&t=pgvQHeVytI20eKQ1ls9bxw Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This…

Hacker Steals Over $2M From DeFi Platform TempleDAO

Earlier today, yield farming platform TempleDAO suffered losses scaling $2 million after a hacker breached the protocol. This attack is the latest in a series of exploits across the DeFi industry over the past few weeks.  Almost 2000 ETH Stolen Twitter user spreekaway first caught sight of the attack via on-chain data which they shared in a tweet. Blockchain security company Peckshield later confirmed the news on their Twitter page. According to the firm’s report, the attacker funded the exploit…

Hacker Carts $1M in Another Vanity Address Breach

Amidst a rise in DeFi breaches, yet another address from Ethereum vanity wallet address generator Profanity has fallen victim to an attack. A malicious actor was able to exploit a vulnerability in the tool and make off with almost $1M worth of ETH. This comes roughly a week after DEX aggregator 1Inch spotted and highlighted the weakness in Profanity-generated addresses.  Hacker Steals 732 ETH Blockchain security company Peckshield called attention to the latest attack early on Monday. The firm published…

Celebrating the Merge; First PoS NFT Purchased For 36 ETH

After months of anticipation, September 15, 2022 finally saw the merger of the Ethereum mainnet execution layer and the Beacon Chain’s consensus layer. The Merge finally ushers in the days of Ethereum’s proof-of-stake (PoS) consensus mechanism. This renders defunct the proof-of-work (PoW) consensus for the Ethereum network. In his celebratory and congratulatory tweet, Ethereum’s co-founder, Vitalik Buterin, said the Merge “is a big moment for the Ethereum ecosystem.” And the NFT community did not hesitate to prove this fact. https://twitter.com/VitalikButerin/status/1570306185391378434?s=20&t=Lqq0NpxNi6-KQDE65m5zMA…

Binance Will Close Operations for ETH and ERC-20 Tokens Over the Merge

Major crypto exchange Binance will halt operations involving Ether (ETH) and ERC-20 tokens during the Ethereum network’s forthcoming upgrades, according to an official release. Binance cited the possibility of a hard fork and explained that the move is to ensure the safety of user funds in such a scenario. Binance to Close Withdrawals and Deposits to Protect Customers Ethereum is set to carry out its transition to the proof-of-stake Beacon chain in September. This event, dubbed the Merge, has seen…

Ethereum Whales’ Holdings Drop as Merge Approaches

Whale movements and analysts suggest that ETH could dip during and after the Merge   While excitement builds towards the Ethereum Merge date which is less than a month away, market anticipation hasn’t been convincingly positive. As a matter of fact, according to recent data, sellers might be pining for the Merge rather than stacking up.  Whale Movements Suggest Possible Drop in Ether Price According to data from blockchain analytics  Santiment, previous bullish build-up prior to the Merge appears to…

Rumored Rugpull as SudoRare Closes Services, Makes off With 519 ETH

Speculations of a rug pull have begun circulating after SudoRare, an AMM protocol for ERC-721s to ERC-20 swaps unexpectedly stopped running. The platform’s social media accounts are no longer active and the founders appear to have carted off 519 Ethereum tokens, about 519 ETH, about $815K. SudoRare Wallet Drained, Social Media Goes Offline Crypto analyst @sungjae_han first sounded the alarm via a tweet this morning. The post pointed out a strange transaction on SudoRare’s etherscan data. Using LooksRare (LOOKS) and…

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