DeFi News Official TheBitTimes.com

Blockchain security firm PeckShield says the funds are sent to Binance through a cross-chain bridge. Developers behind Cubiswap Finance appeared to have withdrawn around 2,000 BNB (around $425,000) from the protocol, causing its native token CUBI to lose over 60% in value. According to a blockchain security firm PeckShield, the Cubiswap protocol deployer (0x4b87…ffb5) first moved the funds a month ago, sending them to an unknown address (0x0477…8c4f). A few days ago, these funds were bridged from opBNB to BNB Chain (formerly Binance Smart Chain) and deposited into Binance. #PeckShieldAlert #slippage $CUBI @CUBISWAP on #opBNB has dropped by -65%. The address 0x0477…8c4f received ~2K $BNB from the @CUBISWAP deployer 0x4b87…ffb5 a month ago and the address bridged 1,000 $BNB to #BNBChain ~17 days ago and then deposited them into #Binance. The… pic.twitter.com/C2Yab61huE — PeckShieldAlert (@PeckShieldAlert) October 16, 2023 You might also like: opBNB la...

From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business. Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and unlock opportunities that were previously out of reach.  Real estate is an inevitable place to start. Tokenizing properties can open the door to fractional ownership, enabling individuals to purchase a small chunk of a building. The volatility of global markets has shown why diversification is crucial — but until now, the sheer cost of real estate has made it inaccessible for many. The benefits might not stop here, either. It can take up to six months to close a purchase on a home, all thanks to a process that is time-consuming, agonizing and surprisingly paper-based. Tokenization h...

FTX token (FTT) has seen an increase in price for five days in a row as the discussion around the relaunch of the now-defunct FTX derivatives platform has taken the spotlight. At the time of publishing, FTT was trading at $1.71 — a 21% growth over the past 24 hours, CoinMarketCap data shows. FTT 1-day chart | Source: CMC Increasing optimism on FTX2.0  Following the rumors about the exchange relaunch , many investors now believe that FTT is trading at a discount. Any prospective reboot of the exchange has stirred up a fresh flood of capital into the digital currency. The current management of the trading platform is exerting significant effort to guarantee the restart. The company’s chief executive officer, John Ray III, intends to win back consumers’ confidence by improving the effectiveness of service delivery, rebranding products, strengthening security measures, and increasing responsibility for all prospective clients, according to The Wall Street Jo...

Apple’s rumored VR headset launch appeared to fuel a sharp rally in metaverse tokens, but data suggests that the momentum is not sustainable. The metaverse hype that began in 2021 dissolved almost entirely by the end of 2022 as the top projects in the space, Decentraland, and The Sandbox, lost 95% of their market capitalization. The most prominent reason for the fall was lack of usage growth.  Still, the metaverse narrative is far from dead and will grow in the future. Reportedly, Apple will launch its VR gear sometime in spring 2023. The announcement was a positive catalyst for MANA and SAND, causing a double-digit price surge. While there’s evidence of positive buying volume supporting the pump, the weak fundamentals of metaverse platforms and overheated market indicators suggest that the price pump risks reversing quickly. The Apple pump and dump Facebook's (Meta) foray into the metaverse was one of the most prominent catalysts for metaverse tokens. The idea for Decentraland...