Decentralized Autonomous Organizations (DAOs) are beginning to look like general partnerships in the eyes of U.S. courts.
Bitcoin News Roundup for Sept. 14, 2020
As some bitcoin options traders bet on new all-time highs and another DeFi protocol is attacked, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
DeFi Lender bZx Reclaims $8M Stolen in Sunday’s Attack
Decentralized finance (DeFi) lending project bZx has been able to recover about $8 million in cryptocurrency from an attacker who stole the funds after exploiting a code bug over the weekend. See also: Hacker Drains $500K From DeFi Liquidity Provider Balancer
First Mover: As Central Banks Print $1.4B an Hour, Bitcoiners Bet on Federal Reserve ‘Capture’
Though no fresh stimulus is expected this week from the Fed, bitcoiners betting on money printing could just wait for the next sell-off in U.S stocks.
DeFi Lender bZx Loses $8M in Third Attack This Year
An attacker found a way to mint unbacked iTokens that they could then redeem against other cryptos held in lending pools for DeFi lender bZx.
Yields of 25% to 42% Lure Lenders Back to DeFi Platform bZx
Lenders and depositors are coming back to bZx, as the decentralized protocol for margin trading offers significantly higher yields on ether deposits compared to its peers.
The 3 Factors Fueling Ether’s 2020 Rally
Several factors could explain ether’s spectacular gains and determine whether they will continue.
DeFi Insurance Firm Nexus Mutual Makes Its First Payout Following bZx Attacks
Nexus Mutual members voted to pay out two claims following the bZx flash loan attacks – a first for the DeFi insurance pioneer.
Everything You Ever Wanted to Know About the DeFi ‘Flash Loan’ Attack
Here’s a plain-English breakdown of the bZx attacks and their broader implications for the budding DeFi markets.
Chainlink’s Sergey Nazarov on What DeFi Can Learn From Early Exchange Hacks
A breakdown of the role of price oracles in the recent DeFi attacks, plus what DeFi can learn from early exchange hacks.
Is It Exploitation Season for DeFi?
Are two recent attacks taking advantage of “flashloans,” low liquidity and price oracle issues the first of more to come?
DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether
The attacker manipulated price feeds in order to create and profit from an under collateralized loan.