Decentralised Finance

Polter, a DeFi app, was recently hit by a "classic" flash loan exploit, with Web3 experts citing price manipulation via oracles as the likely cause. The attack underscores vulnerabilities in how price feeds are managed in DeFi.

Consensys has announced a 20% workforce reduction, cutting approximately 162 employees, due to economic challenges and ongoing regulatory disputes, particularly with the SEC.

Donald Trump’s WLFI token sale raised $9 million, far short of its $300 million target, amidst website crashes and technical issues. With delayed support from Trump and access limited to accredited investors, scepticism grows over the project’s chances of recovery.

The Hong Kong Securities and Futures Commission (SFC) is poised to approve additional cryptocurrency exchanges before the end of 2024, according to CEO Julia Leung. Speaking on October 6 to local media outlet HK01, Leung confirmed that 11 platforms have already undergone on-site reviews, with further progress expected in their applications by year-end.

Visa, a global leader in digital payments, has unveiled the Visa Tokenized Asset Platform (VTAP), marking a significant milestone in the evolution of digital payments and blockchain technology. VTAP is set to enable financial institutions to issue and manage fiat-backed tokens on blockchain networks, bridging the gap between traditional fiat currencies and the emerging blockchain ecosystem. This innovative platform will play a crucial role in helping banks bring their services into the digital era by allowing them to experiment and integrate blockchain technology seamlessly into their operations.

Visa, a global payments powerhouse, is making significant strides in the evolving world of digital assets. In a key part of its expanding cryptocurrency venture, Visa has launched a new platform designed to help banks test tokenized assets and smart contracts.

TOKEN2049 discussions emphasized the need for stronger, more resilient permissionless AI systems. As AI rapidly advances, concerns over safety and ethical use raise critical questions about its future impact on society. Could AI pose a danger to humanity?

The evolving landscape of crypto crime in 2024 was one of the focuses at TOKEN2049 Singapore. Although illicit activities have declined, challenges such as ransomware, scams, and sanctions evasion persist. Combating crypto crime in the future will depend on strengthening global collaboration and leveraging blockchain technology for better security and transparency.

SushiSwap's price jumped 7.3% in the past 24 hours, likely boosted by both the crypto market recovery and the upcoming launch of Dojo, a new meme coin launchpad. The release, initially set for 10 September, has been delayed to 17 Septembe for a smoother rollout.

After a long wait, the platform has now revealed a bit of details on the team behind the World Liberty Finance platform. And here is what the social media is saying about it...