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Unaudited Crypto Gaming Platform, Eminence, Hacked for $15 Million
A gaming platform called Eminence saw $15 million deposited into its beta smart contract only to be hacked for the full amount a few hours later. Affected users are now calling for a full refund d...

Cardano Announces More Upgrades, but ADA Looks Ready to Take Shelter
The research and development company behind Cardano, IOHK, is preparing to launch a new network upgrade to make the protocol “far superior” than Ethereum. While speculation mounts, data reveals th...

DeFi Project Spotlight: DODO Exchange, a “Next-Generation” DEX
Though there are many decentralized exchanges (DEXes) that traders can choose from these days, few have been as dominant as Uniswap. Still, the unicorn crypto platform is far from perfect. DODO Exch...

DeFi’s Favorite Stablecoin Backed by More than 60% Centralized Assets
“Decentralized stablecoin is an oxymoron,” tweeted crypto analyst Loomdart. The dominance of centralized stablecoins like USDT and USDC on DeFi platforms poises grave risks for the entire niche. I...

Bitfinex Opens Trading for Two of Europe’s Largest Stock Indices
Crypto exchange Bitfinex has brought two of Europe’s top stock indices – the Europe 50 and the DAX 30 – to its futures exchange. The indices will be tradeable using perpetual contracts, and the ...

Staking Rewards: Top Crypto Platforms for Passive Income in 2020
The crypto market is volatile. For those seeking to offset some of this unpredictability with a knowable passive income, staking has become a popular option, with $31B currently staked in various cryp...

KuCoin’s Hot Wallet Private Keys Stolen, Estimated $150 Million in Damages
KuCoin exchange reported a security breach at 04:50 AM (UTC+8) this Saturday. The time of the announcement coincided with the completion of the security operations necessary to limit the damages. By...

IRS Asks Simple “Yes or No” Question to Deal With Crypto Tax Evaders
Starting this year, the U.S. Internal Revenue Service (IRS) is increasing priority on cryptocurrency taxation. The personal federal income tax form 1040 will now include a mandatory “Yes/No” quest...

Optimistic Rollups Finally Make It to Ethereum, Synthetix Offers Rewards to Participate
Optimism PBC has launched the first phase of its Layer-2 scaling solution for Ethereum. Leading DeFi platforms beginning with Synthetix Network, Chainlink, and Uniswap are already lining up to enjoy c...

NEO’s DeFi Project Flamingo Botched Its Yield Farming Launch
The launch of yield farming on NEO-based Flamingo was postponed after “heavy demand” overloaded one of NEO’s official wallets, prompting developers to delay the launch by 24 hours. NEO-Backed Fl...