Page 46 – Chain Debrief

How S’pore Web3.0 Startup SUBX Reached Six Digit Revenues In A Few Months

Without a doubt, launching your own Web 3.0 project from scratch takes a considerable amount of time and effort. It takes weeks to just code your own dApp (decentralized application) and the code still has to be audited for security reasons. But what if you could outsource that? Adam Ihsan saw a golden opportunity and […]

LABS Group – Unlocking Liquidity With Real-Estate Backed Stablecoins

Heard of Fractionalized NFTs? Well, the team at LABS group is offering something similar – Tokenized Real Estate. LABS, short for Liquifying Asset Backed Securities, was founded in 2018 with the goal of digitizing real estate assets and making it accessible to the masses, or what they call: Making ‘Wall Street’ investments ‘Main Street’. Since […]

FTX Revenue Grew 1000% In One Year – But Crypto Natives Are Questioning Their Integrity

According to leaked documents, FTX’s revenue breakdown showed a 1842% increase in operating income, from 14 million to 272 million in the 2020/21 period. Their revenue also rose from 89 million, to 1.02 billion in the same time frame, according to CNBC. This translates to roughly 27% profit margins, with a large chunk of cost […]

BendDAO? More like Bank Run! How 18,000 ETH Exited The Protocol In 48 Hours

NFT lending platform BendDAO is experiencing a DeFi (decentralized finance) bank run. In just 48 hours, the wallet went from 18,000 ETH to just 15wETH. While the website still shows that they have over 35,000 ETH in TVL, the developers have confirmed on discord that it is a front-end bug. What Is BendDAO? BendDAO is […]

🎙️ Do Kwon is back!

Hey Chain Debrief Community, Hey guys! Welcome back to a brand new episode of the Chain Debrief Newsletter. The newsletter about all things cryptocurrency. (IYKYK) Over the week, another stablecoin just dropped like the greatest hit. But instead of being a hit, it hit ground zero. The Polkadot-based decentralized finance (DeFi) platform Acala’s stablecoin (aUSD) […]

Is An Interoperable Future Certain? How LayerZero Will Lead The Race

LayerZero – An omnichain interoperability protocol which enables the realization of cross-chain applications with a low level communication primitive

CEO Of BlueJay Finance Left Google To Pursue Crypto, Offers Financial Inclusion To The Underbanked

Leaving Google after 6 years to build a crypto start-up only shouts seeking discomfort to me, but that is where companies of the future are made – it always starts with that leap of faith. All it took was seeing the “promise of technology or solving some of the shortfalls of traditional finance” to start […]

Hodlnaut Updates: What Is Judicial Management And What Does It Means For Hodlers?

Earlier this month Hodlnaut announced that they will be halting withdrawals, token swaps and deposits with immediate effect. They just released a new update that they will be under interim judicial management. It also highlights what it means and how it will affect users on the platform. How did Hodlnaut get to this stage? According […]

Regulations Are Becoming Problematic – FTX Freezes Account Using Aztec Network

In light of sanctions on Tornado Cash, centralized entities have been taking further steps to make sure they comply with regulations. Unfortunately, this has expanded beyond the popular crypto mixer, which could have dire implications. Aztec Connect, an Ethereum layer 2 scaling solution that doubles as a privacy platform, has unfortunately been caught in the […]

No Stablecoin Is Safe- Huobi USD Drops Almost 20% Below Peg

Huobi’s $HUSD is the latest stablecoin to depeg from the dollar. According to CoinGecko, the stablecoin traded for as low as US$0.82 earlier today. Earlier this year, Huobi exited its stake in the stablecoin and $HUSD is now controlled by Stablecoin Universal. The liquidity of the cash-backed stablecoin was skewed on decentralized finance (DeFi) protocol […]

How Your MetaMask May Be Compromised – Even Without Approving Smart Contracts

To improve user experience on Ethereum, the “permit” function was introduced. This allows users to modify allowance without ever submitted a transaction. However, this may just be a new attack vector for Web3.0 hackers. More Vulnerabilities? The cryptocurrencies we hold on Ethereum and many other blockchains are known as “ERC-20” tokens. These tokens, which include […]