Analysis on the DePIN track
If improving resource utilization through decentralization is not prominent in the practice of most projects, then what is the real significance and comparative advantage of the DePIN project?
JinseFinanceIf improving resource utilization through decentralization is not prominent in the practice of most projects, then what is the real significance and comparative advantage of the DePIN project?
JinseFinanceWOOFi on the Arbitrum chain suffered an attack and lost approximately US$9 million. The attack exploited contract vulnerabilities to raise the price of WOO and then redeemed a large amount of WOO at a low price, ultimately resulting in heavy losses. Officials communicated with the attackers and proposed white hats.
JinseFinanceBlueBerryProtocol suffered an attack and lost approximately 455 ETH. White hat hacker c0ffeebabe promptly intercepted and returned 366.5 ETH.
JinseFinanceWithin the ever-evolving cryptocurrency landscape, GYEN crypto emerges as a significant innovation reshaping decentralised finance. Developed by GYEN Labs and launched in 2018, this stablecoin operates on the Ethereum blockchain, offering users a secure alternative for financial transactions, bypassing the traditional banking system.
JoyEthereum's current price stands at $1638.2, with a 10-day Exponential Moving Average (EMA) of $1649.6 and a 10-day Simple Moving Average (SMA) of $1646.1.
AlexReported by Reuters on July 20, this move aligns with the increasing global trend among central banks to delve into the development of digital versions of their currencies for retail use.
Coinlive The Mitsubishi UFJ Financial Group, Datachain, and Solamitsu are working on making the Progmat Coin, a Yen-backed stablecoin, interoperable.
BeincryptoSeveral banks will stress test a digital yen for more than two years.
OthersInvestors need a plan to cater for every eventuality, as analysts still focus on $16,000 as a downside target.
CointelegraphThe Bank of Japan’s executive director announced that the eagerly-awaited digital yen won’t be used to attain negative interest rates.
Cointelegraph