Babel Finance, one of many cryptocurrency lending firms that suffered losses during the cryptocurrency winter of 2022, is exploring new restructuring opportunities to pay back its creditors. The Hong ...
Tag: DeFi
Crypto Funding Turns from CeFi to DeFi Following Major Collapses
According to the report, the numbers prove that Decentralized Finance is the new high-development and growth area for the crypto space. The report also suggested that a dip in Centralized funding proj...
DeFi protocols lost over $21m to hackers last month
DeFi protocols suffered substantial losses of $21.4 million from hacks in February, according to data from multi-chain TVL aggregator DefiLlama. This represents a staggering increase of 2,793% from th...
TMS Network (TMSN) The DeFi Star of 2023?
Advertisement     The cryptocurrency market has been a hotbed of activity lately, with some major developments occurring. Aptos (APT) is set to unlock 4.5 million toke...
How are crypto launchpads revolutionizing the DeFi industry?
There is a tripartite dynamic in the Web3 ecosystem that encompasses the investor, the project and the community. But what does each player get for being on the launchpad? The most important...
7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama
Reentrancy, price oracle attacks and exploits across seven protocols caused decentralized finance (DeFi) space to bleed at least $21 million in crypto in February. According to DeFi-centric data anal...
Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko
Digital asset investment firms poured $2.7 billion into decentralized finance (DeFi) projects in 2022, up 190% from 2021 as investments into centralized finance (CeFi) projects went the other way — fa...
Hackers Plundered $21.41M from DeFi Platforms in February 2022
In February 2023, hackers managed to steal $21.41 million of digital assets from DeFi platforms. This information came from DeFi Llama, a total value-locked (TVL) aggregator. This steeply rose from Ja...
BNB sides with bulls as Binance adopts safety measures to combat DeFi hacks
A Joint Anti-Scam Campaign was launched by Binance to combat crypto-related scams. High-profile hacks have eroded customers’ confidence in centralized exchanges. The world’s largest cryptocurrency ex...
Crypto Funding: DeFi replaces CeFi as VC Favorite
It’s been a quiet week in crypto funding. A little under $91 million was handed to cryptocurrency startups — down significantly from the $254 million the week prior. The majority of this week’s ...
Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April – Defi Bitcoin News
On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will pro...
DeFi to be examined at inaugural CFTC tech advisory meeting: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. DeFi will be in focus...
Despite Slow Crypto Market, DeFi Yearn Finance’s YFI gained 7%
While the Crypto industry is gradually recovering from the woes of the crypto winter, DeFi protocol Yearn Finance’s token YFI increased by 7%. The token managed to swim against bearish waves in the la...
DeFi Startup Wants To Help Traders Hedge Uniswap Impermanent Loss
MEV Capital, a DeFi-focused institutional investment manager, is rolling out a new impermanent loss hedging product designed to provide downside protection on Uniswap yields — and its exact structure ...
Apple’s Approval Process Delays Uniswap’s Mobile App Launch; Firm Launches Limited Trial Release – Defi Bitcoin News
On March 3, 2023, Uniswap Labs, the firm behind the decentralized exchange Uniswap, announced the launch of a limited early-release application through Apple’s Testflight program. The company stated t...
Hackers Stole More Than $21,000,000 From Decentralized Finance Platforms Last Month, According to DeFi Llama
Crypto hackers stole $21.41 million worth of digital assets from decentralized finance (DeFi) platforms in February, according to DeFi Llama. DeFi Llama, a total value locked (TVL) aggregator, notes t...
Wormhole Counter-exploit Forces Scrutiny of Multisigs in DeFi
The spectrum of decentralization has been a hot topic following a counter-exploit recently executed by Jump Crypto on the Wormhole hacker who stole 120,000 ETH — around $325 million — in February last...
Polygon [MATIC]: Can gaming activity improve DeFi woes? Decoding…
Gaming contributes immensely to Polygon’s activity. DeFi and DEX activity on the network declines. Polygon [MATIC] has shown high activity on its network over the past few months. One reason for the s...
Term Labs Raises $2.5M to Build Out Fixed-Rate Product for DeFi
Term Labs has turned heads with its fixed-rate offering, landing $2.5 million to bring the product to market. Led by Electric Capital, the latest round was also joined by Circle Ventures, MEXC Venture...
Ethereum DeFi Altcoin Explodes 140% After Surprise Support From Crypto Exchange Binance
A decentralized Ethereum (ETH)-based lending protocol is leading the altcoin markets with explosive gains following surprise support from Binance, the world’s largest crypto trading platform by volume...
Yieldification: Pioneering DeFi NFT Utility
Yieldification (YDF) is a DeFi NFT utility protocol building upon both existing and new, innovative ideas to integrate NFTs in various ways not seen before. You will see both familiar concepts impleme...
Two DeFi Altcoins Showing Signs of Imminent Breakouts, According to Top Crypto Trader
An increasingly popular crypto strategist believes that two decentralized finance (DeFi) tokens could be gearing up for breakouts. Pseudonymous analyst Cantering Clark tells his 161,400 Twitter follow...
Top DeFi projects move further from decentralization in 2023
Despite nearly six years passing since the inception of decentralized finance (DeFi) in 2017, it’s still experiencing child-like growing pains in 2023. DeFi underpins many Web3 properties which experi...
Radix Launches $300K Grants Program For DeFi & Web3 Developers
Source: Depositphotos The asset-oriented blockchain Radix is looking to grow its ecosystem with the establishment of its official Radix Grant Program. It’s accepting applications now from any develope...
Buterin’s Ideas For DeFi Will Disrupt Centralized Finance
Buterin offers key takeaways for developers and users in the crypto payment space. The observations are based on his own bad experiences with crypto payments. These suggestions can potentially make De...
OKX Wallet and Curve Join Forces to Boost Liquidity in DeFi Ecosystem
[PRESS RELEASE – Please Read Disclaimer] The strategic cooperation is a significant step towards promoting the development of the Web3 realm. February 28, 2023 – Curve, a leading decentralized stablec...
Hashnote, Institutional DeFi Asset Management Platform, Launches After $5mn Incubation From Cumberland Labs
Hashnote is the first incubated company launched by Cumberland Labs, a Web3 incubator backed by partners of DRW and Cumberland CHICAGO–(BUSINESS WIRE)–Founder and CEO Leo Mizuhara and Cumberland Labs ...
French Police Arrest Hackers Allegedly Associated With Exploit of Avalanche-Based DeFi Protocol
The French National Police have arrested two individuals allegedly behind the $9.19 million hack on Avalanche (AVAX)-based decentralized finance (DeFi) protocol Platypus Finance. The French police als...
Cumberland Labs backed Hashnote launches regulated DeFi platform
Deals • February 28, 2023, 9:00AM EST A regulated decentralized finance (DeFi) platform for institutions, Hashnote, launched after a $5 million incubation with early stage blockchain investor Cumberla...
Several Leading DeFi Protocols Are Still Controlled by Whales
Decentralization is a key component of any crypto network. However, some of the industry’s leading DeFiDecentralized Finance (DeFi) are financial services built on blockchain technology. It seeks to e...