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Decentralized finance (DeFi) users were alerted yesterday to a novel scam vector, in which scammers take over the websites of abandoned projects in order to lure former users into signing malicious “drainer” transactions. The warning came from 0xngmi, the pseudonymous founder of analytics platform DeFiLlama, who confirmed that expired domains were being removed from the platform and its browser extension, but urged users to exercise caution, nonetheless. I've noticed that scammers have started buying old abandoned defi domains to replace the frontend with drainers so if you're going to some dead defi project to withdraw some money you put there and forgot about, be careful about that — 0xngmi (@0xngmi) April 15, 2025 Read more: Compound Finance and Celer Network websites compromised in ‘front-end’ attacks  This passive tactic differs from more common scamming methods, which usually require active participation from the scammers themselves. In...

Decentralized Finance (DeFi) has revolutionized traditional finance by eliminating intermediaries and providing users with direct access to financial services. However, navigating the DeFi landscape can be complex due to the multitude of protocols, liquidity pools, and yield opportunities available. This is where DeFi aggregators come in, acting as intermediaries that optimize users’ trading, lending, and yield farming strategies. In this article, we will explore what DeFi aggregators are, how they work, their benefits, and the leading platforms in the space. What Are DeFi Aggregators? DeFi aggregators are platforms that consolidate data and functionalities from multiple DeFi protocols, providing users with the best available rates for swaps, lending, borrowing, and yield farming. Instead of manually checking different decentralized exchanges (DEXs) or lending protocols, users can rely on an aggregator to find the most profitable or cost-effective option. These platforms utilize ...

In the rapidly evolving blockchain landscape, cross-chain solutions are essential for enhancing interoperability among different networks. BNB Chain, a leading blockchain ecosystem, is at the forefront of this movement, leveraging advanced technologies to connect various blockchains seamlessly. Artificial intelligence (AI) plays a pivotal role in this process, facilitating communication and data exchange across disparate networks. AI algorithms analyze transaction patterns and user behaviors, enabling more efficient routing of cross-chain transactions. By predicting network congestion and potential bottlenecks, AI can optimize the flow of data, ensuring swift and secure transfers. Additionally, AI-driven smart contracts can automate complex operations, reducing the need for intermediaries and minimizing errors. Moreover, AI enhances security by continuously monitoring transactions for anomalies and potential threats. This proactive approach not only safeguards users but also builds tru...

Ford and Toyota continue to lead the way when it comes to the development of blockchain-based vehicle technology. The two automakers have doubled down on their blockchain innovation in Q2 2024. This comes from recent patent filings from both automotive firms. Ford and Toyota filed a total of at least 43 blockchain-related patents in the second quarter of 2024. According to data from GlobalData Patent Analytics and Just Auto, Ford increased its filings from just three in Q1 to 14 in Q2. Toyota improved its filings from 25 patents in Q1 to 29 in Q2. Ford and Toyota Continue to Lead the Pack in Blockchain Implementation For Automobiles Source: Built-In The patents filed by Ford and Toyota in the past few months address blockchain concerns within the automobile sector. One of Ford’s recently filed patents could provide immutable providence for vehicle ownership. Per the filing, Ford’s system would “manage ownership data of a vehicle … including changes in ownership of the vehicle, via...

In a recent post, Ripple Labs has referred to 2025 as a breakthrough year for the company, which has many traders pondering what that means for XRP. Indeed, the incoming year is set to be huge for the XRP Ledger. Yet, that could have massive implications for the company’s native crypto. September arrived with a plethora of new announcements from Ripple. Among them was the unveiling of Ethereum-compatible smart contracts to the ledger. Moreover, a company blog post has called 2025 a “significant year” for further developments that could develop into a vital year for XRP. Also Read: Ripple to Add Ethereum Smart Contracts to its XRP Ledger Ripple Has Big Plans for 2025: Could XRP Be Set to Surge? 2024 was supposed to be crucial for XRP. Indeed, the years long legal battle with the US Securities and Exchange Commission (SEC) was set to come to an end. Yet, with that settlement arriving, the asset has failed to live up to the hype. A poor August has left the crypto up only ...

Coinbase Advanced customers in the U.S. can trade nano-sized futures contracts sized at 1/100th of a Bitcoin and 1/10th of an Ether. Coinbase Advanced allows retail traders in the United States access to regulated crypto future s contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity. On Aug. 17, CFM secured regulatory approval from the National Futures Association (NFA), a Commodity Futures Trading Commission-designated self-regulatory organization, to operate an FCM and offer crypto futures services to eligible U.S. traders. In details shared with Cointelegraph, CFM revealed that Coinbase Advanced customers in the U.S. can trade nano-sized futures contracts sized at 1/100th of 1 Bitcoin (BTC) and 1/10th of 1 Ether (ETH). As explained by Andrew Sears, the CEO of CFM: “These contracts offer lower upfront capital requirements and can be an affordable investment option for a broader range of retail customer...

The duo’s paper says self-contracts can help you quit smoking or lose weight, but incentives such as putting a bomb in your skull would surely test the limits of the law. New York University School of Law professors Max Raskin and Jack Millman recently published a paper in the Journal on Emerging Technologies discussing the legalities surrounding the use of blockchain-based smart contracts for the purpose of ‘personal growth bets.’  According to the duo, personal growth bets are single-party contracts that a person would engage in with themselves. The purpose of these contracts would generally be for the purpose of self improvement — to either start or stop a certain act during a given period of time or by a certain date. The researchers use the notions of quitting smoking or losing weight to describe the concept. Per their paper: “For example, a rough outline of such a bet would be: if Max does not lose 10 pounds over the next six months, he must pay Jack $1,000. Whereas, if he does ...

Banana Gun’s newly launched token plummeted more than 99% within three hours of its launch after a bug was discovered in the token's contract. The eagerly-awaited launch of the telegram bot Banana Gun’s native token BANANA couldn’t have gone any worse, with the price of the newly launched BANANA falling from a peak of $8.70 to $0.02 in less than 3 hours after it launched.  Banana Gun (BANANA) token price action since inception. Source: DexScreener Some crypto users were quick to cry foul, accusing it of a "rug pull,” however, the official X account for Banana Gun instead blamed a bug in the token’s contract that the team was unable to hotfix, noting that the bug managed to get through “despite two audit s.” Announcement We have a bug in our contract we cannot hotfix. Despite two audits there is a bug in the contract with our taxes, which allows people to sell their bags while having tax tokens remaining in their wallet. 1. First step is to sell the treasury wallet to drain t...

Dennis Porter said that the government should give $10,000 worth of Bitcoin to debtors and lock it for 10 years. Following United States President Joe Biden's announcement of a student loan forgiveness plan that aims to cancel the debt of up to $20,000 for millions of Americans, a Bitcoin (BTC) supporter proposed an alternative method to pay off the loans.  Dennis Porter, the CEO of the non-profit organization called Satoshi Action Fund, tweeted that there's another way for the U.S. government to solve the student loan issue. According to Porter, Biden could give each debtor some BTC worth $10,000 and lock it within a smart contract for 10 years. The non-profit executive explained that the contract should be sufficient to pay off the remaining balance once it is released.  Community members criticized Porter's mention of a smart contract as some believe that the Bitcoin network cannot support this. One Twitter user replied to porter and urged him to not just "lump ra...