• What is the Spark token
    XRP

    The Spark token airdrop helped XRP soar and then crater… but why?

    SPARK is the native token of Flare Networks, an unlaunched blockchain that aims to let XRP compete with Ethereum

    These tokens are going to run on Flare Network, a blockchain that’s yet to launch, with the intention of delivering smart contract functionality to the XRP Ledger. But what are these tokens meant to achieve, and what effect could they have on the value of XRP as we head into 2021?

  • Bridge Mutual insure stablecoins
    Cryptocurrencies

    Decentralized insurance firm Bridge Mutual wants to cover your stablecoins

    The company aims to provide insured access to decentralized finance interest-yielding applications

    Bridge Mutual aims to provide coverage for the risks involved in holding stablecoins, which now have a total market cap of over $20 billion and are growing fast. While many in the cryptocurrency space believe this kind of asset is mostly devoid of risk, stablecoins can lose their value if they stop being accepted, sometimes can be hacked, and often require a company to be trusted to hold assets to back them.

  • distracted DeFi-ing
    Ethereum,  Technology

    How to lose nearly $25,000 by distracted DeFi-ing

    An unlucky crypto collector lost 59 ether by carelessly selling a non-fungible token with a skin of YouTuber PewDiePie for the mobile game Wallem on NFT exchange Opensea

    There’s no going back on a smart contract, particularly one agreed to on a decentralized exchange. One cryptocurrency investor found that out the hard way on Nov. 4, accidentally selling a non-fungible token of YouTuber PewDiePie for 59 ether (WETH) less than he had bought it for a few hours earlier. That’s a loss of nearly $24,500 as of press time.

  • eFi hacker steals $15 million
    Technology

    DeFi hacker steals $15M, returns $8M

    Millions were stolen after crypto users sent a fortune to an unfinished smart contract on Eminence.Finance that was being tested by its developer

    Andre Cronje—the creator of major DeFi protocol Yearn.Finance and the exploited protocol Eminence.Finance—informed the public of the hack on Sept. 29. He explained that the protocol was very much a work in progress and he did not expect it to suddenly attract such a great amount of user funds.