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DeFi Lending Venture Rides Solana’s High-Speed Chain to $100M in Deposits
DeFi

DeFi Lending Venture Rides Solana’s High-Speed Chain to $100M in Deposits

Solend, a lending platform built on the proof-of-stake blockchain, Solana, has hit $100M in deposits, according to its team.  Solend has done so without liquidity mining opportunities, but those are coming. Solend works basically the same way Compound and Aave do. Users can post assets that will earn interest, and they can borrow a certain…
We Are Under Attack – Solana and Arbitrum Down!
Blockchains

We Are Under Attack – Solana and Arbitrum Down!

They are the two names on everybody’s lips right now. Solana and Arbitrum. And as luck would have it, both blacked out on the very same day sending maxis of every flavour into paroxyms of schadenfreude.
Inside the Hunt for the Jay Pegs Auto Mart Thief and 865 ETH
Hacks

Inside the Hunt for the Jay Pegs Auto Mart Thief and 865 ETH

It took the team at Jay Pegs Auto Mart basically zero time to identify and find the hacker responsible for stealing the proceeds from their auction of DONA tokens on SushiSwap’s MISO platform Thursday night. “It only took us five minutes to figure out who he was,” BasedMoneyGod, a salesman at Jay Pegs told The…
0xMaki Is Leaving Leadership at SushiSwap to Take on an Advisory Role
DeFi

0xMaki Is Leaving Leadership at SushiSwap to Take on an Advisory Role

0xMaki is stepping down from leadership in the community-run decentralized automated market maker, SushiSwap, to take an advisory role in the decentralized autonomous organization, a person with knowledge of the matter told The Defiant. A statement from 0xMaki will come out on Friday.  Another knowledgeable source verified these details.  Sources did not provide details about…
OpenSea’s Struggles Embolden Rivals with New Ways to Play Booming NFT Market
DeFi

OpenSea’s Struggles Embolden Rivals with New Ways to Play Booming NFT Market

The insider buying scandal at OpenSea has hit just as a crop of rivals are circling the NFT marketplace leader.  On Sept. 15, a startup called NFTX launched what it called “the world’s most liquid decentralized marketplace,” meaning the exchange operates “on chain.” It also permits buyers and sellers to make deals without the need…
EBay Has BitBoy But Its ‘Strange’ NFT Strategy Risks Missing a Boom for the Ages
DeFi

EBay Has BitBoy But Its ‘Strange’ NFT Strategy Risks Missing a Boom for the Ages

NFTs are huge here in crypto, but the old web is not sure. Digital collectibles on the blockchain have captured the imagination of crypto heads and attracted hundreds of millions of dollars in investments. Players ranging from the Walt Disney Co. to Super Bowl champion quarterback Tom Brady are embracing their revolutionary marketing potential. Newcomers…
OpenSea Vows to Probe 'Incredibly Disappointing' Insider NFT Buys
DeFi

OpenSea Vows to Probe 'Incredibly Disappointing' Insider NFT Buys

OpenSea, the world’s biggest NFT marketplace with $100M in daily volume, just learned a painful lesson — inside information can lead to unscrupulous trading by employees. Devin Finzer, OpenSea’s co-founder and CEO, said in a blog post Wednesday that an employee purchased “items” ahead of their public listing on the auction site’s front page. With…
SuperMassive NFT Show: CrypToadz, CryptoDads, Sevens, & Lost Poets
NFTs & Web3

SuperMassive NFT Show: CrypToadz, CryptoDads, Sevens, & Lost Poets

The SuperMassive show is a brand new fortnightly show all about NFTs of all sizes and flavours, from fine art to collectible gak. It’s an irreverent look at the big stories, the most exciting drops and the health of the space.
Solana Outage Likely Caused by Bots Pursuing an Initial DEX Offering
DeFi

Solana Outage Likely Caused by Bots Pursuing an Initial DEX Offering

At 2:01 AM New York time Wednesday morning, the Solana blockchain went live once again, according to @SolanaStatus.  “The Solana validator community successfully completed a restart of Mainnet Beta after an upgrade to 1.6.25,” the platform reported. “Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionality…
XRP Holders to Get Huge Airdrop of New Blockchain Songbird
DeFi

XRP Holders to Get Huge Airdrop of New Blockchain Songbird

Not only is DOGE a very good boy, its coin is about to be very smart, too — as in, smart contract-ready. Flare is a startup launching its canary network in the coming days, and it’s going to bring smart contract functionality to DOGE. It will also bring it to XRP, Stellar (XLM) and Litecoin…