DeFi Project Abracadabra Undergoes $10 Million Attack
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- Lending Protocol Abracadabra Hit By $6.5M ExploitBullishBearish
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Breaking the DeFi spell: Abracadabra DAO mulls centralized entity
The team behind DeFi tokens Magic Internet Money and Spell has proposed a centralized legal structure for Abracadabra DAO. Abracadabra’s project lead said there was a need for a certain level of centralized legal structure to protect intellectual property rights and manage server expenses, with crucial decisions still governed by Spell token holders.
TheBlockCrypto's November Summary
Breakdown by Lars, Research Director at The Block.
TwitterAbracadabra Reaches out to SushiSwap to Save $10M
It has earnestly reached out to SushiSwap, to effectively carry out all of the necessary alterations in terms of two of its Bento vaults.
CryptonewsZFTX.US Leaves D.C. Crypto Advocacy Group
FTX.US is no longer part of the Crypto Council for Innovation, an industry lobby group.
OthersBe[in]Crypto Presents Its Top Seven Altcoin Picks for Sept
BeincryptoCrypto VC is back with a vengeance
Venture capital firms continue to pour billions into the crypto economy; this week saw the launch of two funds worth a combined $500 million.
CointelegraphCrypto Biz: Gucci ‘apes’ into crypto
The iconic luxury brand is now letting holders of ApeCoin purchase its products through Bitpay. Meanwhile, Michael Saylor has a new job.
CointelegraphCrypto Winter Makes Celsius To Cut Its Workforce By 25%
Current downtrends in crypto prices have forced many digital asset service providers to reduce their staff to survive in a ...
BitcoinistCrypto Payment Channel Banxa Reduces Its Staff By 30% To Survive Crypto Winter
The cryptocurrency market has been facing a second bloodbath without any gap for the first time in history, disrupting the ...
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