Acala Network, the decentralized finance hub of Polkadot, has been breached and its stablecoin depegged from the dollar mark. Early this morning, Acala's Twitter page posted that it noticed configuration issues regarding the Honzon protocol, which affects its stablecoin aUSD, leading to a vote to pa...
Singapore, Singapore, 13th August, 2022, ChainwireTUSD has been endorsed by CryptoQuant, a data analysis firm for cryptocurrencies, ranking in the top eight in the stablecoin efficacy report published July 21. The efficacy report offered an in-depth analysis of eight significant stablecoins in the ...
Velodrome, a decentralized exchange (DEX), has identified a former team member as being the person responsible for a $350,000 theft that occurred earlier in August, the platform announced on Saturday. The DEX platform said anonymous coder "Gabagool"—known for his Twitter handle Gabagool.eth—was resp...
Skynet Labs, a Boston-based blockchain company formerly known as Nebulous, said it is shutting down because it cannot raise more funds.  The company, which had raised $9.6 million in seven funding rounds since 2014, said in a blog post that it “has been unable to complete its next round of fundraisi...
Backing Layer 1 blockchains has proven an incredibly successful bet in the past and may remain so — despite none of them truly threatening Ethereum's crown — according to Blockchain.com co-founder and CEO Peter Smith. If the likes of Solana, Avalanche and Near Protocol were the first wave of so-call...
Quick Take Ethereum Name Service (ENS) boosts Ethereum’s user-friendliness by mapping machine-readable identifiers onto human-readable names Governance is enforced through a DAO that encourages community members to actively shape the future of the protocol Uncoupled from NFTs’ bleak ma...
The software developer arrested this week over suspected of involvement in the Tornado Cash crypto mixing service is Alexey Pertsev, his wife has told The Block today, confirming earlier speculation on Twitter.  Ksenia Malik, who married Pertsev last September, said the Dutch Fiscal Information and ...
The Tornado Cash DAO community has voted in favor of adding the DAO’s governance as a signatory to the treasury’s multi-signatory (multisig) wallet. The treasury looks after about $21.6 million across three different wallets. This vote began on Wednesday, based on a proposal on the Tornado Cash DAO ...
Tornado DAO members are currently discussing ways the community can challenge the recent sanctions imposed on Tornado Cash by the US Treasury. This comes as one Tornado Cash developer was arrested today in Amsterdam. Tornado DAO is the decentralized autonomous organization that governs the protocol’...
The Nexus Mutual DAO has voted in favor of allocating 15,348 ether (ETH), which currently amounts to $29 million, from the DeFi insurer’s capital pool to earn yield on Maple Finance. According to details from the voting page, the vote ended with almost unanimous approval from voters. The level of pa...

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