Crypto

Latest crypto News: Losses From Crypto Rug Pulls Outpaces DeFi Exploits, Evertas Expands Crypto Insurance Offerings

Here are some of the major developments from the world of crypto over the past few days.

Latest crypto News: Losses From Crypto Rug Pulls Outpaces DeFi Exploits, Evertas Expands Crypto Insurance Offerings
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The top 100 decentralised finance (DeFi) tokens had a bullish last week of May, with most of the tokens바카라 웹사이트recovering from two weeks of bearish pressure.

Exit scams cost the DeFi community roughly $45 million in May 2023, whereas vulnerabilities of the DeFi바카라 웹사이트protocols netted less than half that amount during the same period.

Due to tax considerations, Uniswap DAO also rejected a proposal to charge liquidity providers the same바카라 웹사이트fees as Uniswap token holders. The plan would have given the governing body of Uniswap access to a바카라 웹사이트portion of the fees currently paid by users to liquidity providers.

Incidentally, Jimbos Protocol has also announced an $800,000 bounty to the general public as바카라 웹사이트negotiations with the hacker came to a halt. The protocol라이브 바카라 team made the bounty offer public and바카라 웹사이트invited anybody to take advantage of it if they could assist in finding the exploiter or recovering the바카라 웹사이트money. The Fantom network has begun paying programmers to produce gas.

Evertas Expands Crypto Insurance Offerings바카라 웹사이트바카라 웹사이트

Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding바카라 웹사이트additional mining coverage.

Evertas specialises in insuring digital assets, and recently stated that its coverage portfolio now includes바카라 웹사이트mining activities and that the coverage limits have been increased. The per-policy coverage limits for바카라 웹사이트custodial crypto assets will rise to $420 million from the current level, “nearly tripling the amount of risk바카라 웹사이트transfer previously available to Blockchain-focused projects,” according to a release.

Additionally, it will now provide up to $200 million in coverage per policy for mining enterprises. These바카라 웹사이트are the highest coverage limits that are currently offered, claims Evertas.

Aleo Blockchain Gets New Wallet As Mainnet Launch Approaches Demox Labs has debuted a new wallet for the privacy-oriented Aleo Blockchain network. The wallet바카라 웹사이트developer has also raised $4.5 million from Hack VC and other firms to further advance ZK-based바카라 웹사이트enterprise solutions, according to an announcement made on June 1, 2023.

Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, by바카라 웹사이트letting them interact with Aleo라이브 바카라 ZK-based apps. Aleo is in its testnet phase, but expects to launch a바카라 웹사이트mainnet later this year.

Over 40,000 users signed up for the Leo wallet waitlist in the period leading up to its debut.

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