Fintech and Blockchain Startups

Partnership between iAccess Partners and Investas Facilitates Access to Private Market Investments

iAccess Partners and Investas Partner to Facilitate Access to Private Market InvestmentsiAccess Partners, a Swiss fintech company, has entered into a partnership with investment advisory firm Investas to enhance customer access to the private market through a digital platform. The collaboration aims to provide a simplified and streamlined process for investing in private market funds.Empowering […]

Hedera Council Allocates $408M in HBAR for Growth and Decentralization

The Hedera Council, the governing body of the Hedera network, has approved the allocation of 4.86 billion HBAR (Hedera Hashgraph native cryptocurrency), equivalent to USD 408.2 million. This move is aimed at bolstering ongoing development and advancing towards more robust decentralized governance.This strategic decision, announced via an official blog post, comes on the heels of […]

Regulatory Uncertainty Hinders Africa’s Web3 Adoption, Says Cartesi Advocate

Jathin Jagannath, Developer Advocate of Cartesi, a Web3 rollup protocol, has identified regulatory uncertainties as a significant obstacle in Africa’s Web3 landscape. He believes that the lack of clear and well-defined regulations surrounding Web3 technologies can cause potential users and investors to hesitate.In a recent interview, Jathin expressed concern that this regulatory ambiguity might lead […]

Arbitrum Outperforms Major Blockchains with Surging Trading Volume and Value

Arbitrum, a layer 2 network built on the Ethereum blockchain, is off to a strong start this year, with significant increases in trading volume and the value of its native token, ARB. This positive trend suggests a promising future for Arbitrum in the early stages of the year.On-chain data from DeFiLlama reveals that the trading […]

Hedera Council Allocates Billions for Decentralized Governance Advancements

The Hedera Global Governing Council has approved the allocation of 4.86 billion Hedera, the network’s native cryptocurrency, for advancements in decentralized governance and development. The majority of these funds, amounting to 4.248 billion HBAR, will be received by the HBAR Foundation, the Hashgraph Association, and the DLT Science Foundation, as per a blog post by […]

CFTC Highlights DeFi Risks, Recommends Policy Enhancements

The Commodity Futures Trading Commission (CFTC) recently highlighted a significant issue within DeFi systems, namely the lack of clear responsibility and accountability. The report stressed the considerable risks that DeFi systems present to consumers, investors, financial stability, market integrity, and the fight against illicit finance. The main concern is the absence of a robust mechanism […]

Wise Lending Exploited, Loses $440,000 in Ether and $2.9M in stETH

Wise Lending, a Web3 lending software and yield aggregator, was reportedly exploited on January 12, losing 170 Ether, currently valued at $440,000. The attacker is believed to have used a flash loan to manipulate the pricing of an Oracle, employing an unverified contract with an address ending in d82c to siphon off the funds.This contract […]

Solana MEV Bot Seizes $1.7M Profit from Unusual Memecoin Trade

A Solana-based maximum extractable value (MEV) bot recently seized a $1.7 million profit from a single, unconventional trade involving the memecoin Dogwifhat (WIF). The bot, operated by an entity known as ‘2fast’, executed a sequence of swaps involving 703 Solana (SOL) tokens and 490,000 WIF tokens, which were then converted back into 19,035 SOL. This […]

Hedera Council Allocates 4.86 Billion HBAR for Network Development

The Hedera Council, the governing body of the Hedera network, has given the green light to allocate 4.86 billion HBAR — Hedera Hashgraph’s native cryptocurrency, for further development and advanced decentralized governance. This decision will see a total of $408.2 million directed towards the development of the Hedera network.The majority of this allocation, specifically 4.248 […]

Wise Lending Drained of $440,000 in Apparent Oracle Price Exploit

Web3 lending app and yield aggregator Wise Lending suffered a significant loss of 170 Ether (ETH), valued at $440,000, in an apparent exploit on January 12. The attacker is suspected to have manipulated an oracle price via a flash loan to execute the exploit. The attack occurred at 07:29 pm UTC, with the perpetrator using […]