Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and tech...
Tag: DeFi
Crypto Billionaire Sends $327,000,000 in Ethereum (ETH) to DeFi Staking Project: On-Chain Data
Crypto billionaire Justin Sun has sent hundreds of thousands of Ethereum (ETH) to liquid staking service Lido Finance (LDO). The blockchain-tracking Twitter account Lookonchain reports that the Tron (...
BNB Chain-based DeFi protocol LaunchZone loses $700k
BNB Chain-based DeFi protocol LaunchZone claims it lost $700,000 after a hacker drained the funds from its liquidity pool. Since the attack, the protocol’s native token has been plunging in value. Lau...
Trader Predicts Big Bounce for DeFi Altcoin, Updates Forecasts on Fantom and Polygon
Popular crypto analyst Michaël van de Poppe thinks that one decentralized finance (DeFi) altcoin that’s been showing strength this year is likely due for a big bounce. Van de Poppe tells his 649,800 T...
DeFi project LaunchZone claims to be latest victim of BNB chain exploits
Decentralized finance (DeFi) protocol LaunchZone has claimed an attacker has drained 80% of funds in its liquidity pool, worth $700,000. LaunchZone claims to be “the ultimate DeFi platform.” The BNB C...
Liquid staking TVL now second-largest among DeFi protocols
Ad The total value of assets locked (TVL) in liquid staking derivatives (LSD) protocols rose to $14.09 billion — making it the second-largest DeFi category, according to Defillama data. The DeFi categ...
Shiba Inu Releases Beta Version of Its Highly Anticipated Layer-2 Project, Twitter Goes Nuts Over Elon Musk’s Picture of His Dog as New Twitter CEO, & TMS Network Is Here to Revolutionise the World of Defi
The world of cryptocurrency and decentralised finance (DeFi) is as crazy as ever with the latest developments. The Shiba Inu project has released its beta version of a Layer-2 protocol. Elon Musk has ...
$700,000 drained from BNB Chain-based DeFi protocol LaunchZone
$700,000 worth of funds has been drained from BNB Chain DeFi protocol LaunchZone, with the project alleging that an attacker has carried out an exploit. Details remain scarce after more than 80% of fu...
Lawsuit Against DeFi Protocol Maker Dismissed by U.S Court
9 seconds ago | 2 mins read Defi News U.S. District Court Judge Maxine M. Chesney dismissed the claim. Lead plaintiff said that Maker misrepresented the over-collateralization strategy. According to c...
Synthetix: Massive growth noted in these areas, but DeFi performance stagnant
Synthetix’s trading volume went up considerably in the last few weeks. Fees and revenue also increased, but TVL plateaued. Recently, Synthetix [SNX] got into the spotlight, thanks to its trading volum...
Is Polygon losing its grip in the DeFi space? Arbitrum has the answer
Arbitrum outperformed Polygon in the dApp space. A decline was observed in Polygon’s overall dApp activity and TVL. According to recent data provided by Delphi Digital, it was observed that Arbitrum o...
Speculators push price of testnet ether on Goerli network to $1.60
The price of testnet ether on the Goerli testnet spiked to $1.60 on Feb. 25 as traders speculated on a token that’s supposed to be worthless. Last week, cross-chain platform LayerZero crea...
ECB Says Digital Euro Should Focus on Online Payments First & Onboard Other DeFi Functionality Later
Although yet to decide on a digital euro, the ECB already believes the CBDC should prioritize online payments and peer-to-peer transactions. According to the European Central Bank (ECB), the upcoming ...
DeFi ‘fragility’ causes and cures explored in highly technical Bank of Canada study
The Bank of Canada has released a working paper that examines lending protocols in decentralized finance with regard to sources of instability and their relation to crypto asset prices. Its findings p...
Lido Finance reports largest ever daily stake inflow with more than 150,000 ETH staked
Lido Finance said Saturday that it saw the largest daily stake inflow ever on the protocol, with over 150,000 ether worth almost $240 million staked. “Upon reaching this number, a curious ...
DeFi Lending Protocol Venus To Start Accepting Floki As Collateral
– Advertisement – BNB Chain’s Venus Protocol has announced a partnership with Floki. Venus will integrate Floki in their isolated markets allowing users to pledge FLOKI tokens as collater...
DeFi Protocol Platypus Announces Major Compensation after $9M Hack
DeFi protocol Platypus is in talks with Aave and stablecoin issuer Tether in order to recover the funds stolen from last week’s exploit. In a major announcement on Thursday, February 23, decentralized...
Vulcan PowerPool is the New DeFi Wave To Earn Passive Income
Vulcan Blockchain, the platform that pioneered layer-1 auto-staking, auto-rebasing, auto-compounding, FixedFlex, and the Fire Pit mechanism, is pleased to announce the release of their latest feature,...
Leading the DeFi Evolution – Cryptopolitan
When Avalanche burst onto the blockchain scene in September 2018, it immediately caught the attention of industry insiders and enthusiasts alike. The platform promised a revolutionary consensus protoc...
Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform
Forsage relied on smart contracts on Ethereum, Binance Smart Chain and Tron that were “consistent with a Ponzi scheme,” the statement said. “As soon as an investor invested in Forsag...
OKX Wallet and Rocket Pool Announce Partnership to Enhance DeFi Interactions
[PRESS RELEASE – Please Read Disclaimer] The partnership will enhance the efficiency of DeFi farming and improve the security of Ethereum staking February 23, 2023 – OKX Wallet, a leading self-custody...
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme – Bitcoin News
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 year...
Yearn Finance Price Analysis: One of the best Defi coin to invest
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Base Protocol’s token jumps 250% despite no affiliation with Coinbase
Base Protocol’s token skyrocketed today, reaching a high of nearly $7.50 around 11:30 a.m EST after months of price stagnation below $1. The spike may have been caused by a misunders...
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon. The four Russian founders — Vladimir Okhotnikov, Olena ...
TMS Network Breathes New Life To Defi As STEPN And Terra Classic Struggle To Keep Holders
Advertisement     TMS network is reformulating decentralized finance (DeFi) when other crypto tokens like Stepn and Terra Classic struggle to keep up. With its advance...
Huma Finance raises $8.3 million to enable DeFi borrowing against future income
Deals • February 23, 2023, 11:59AM EST DeFi startup Huma Finance secured $8.3 million in a seed round to build an income-backed lending protocol. Huma’s first product is an on-chain factor...
Hack VC and Jump Crypto back DeFi yield startup Affine Protocol
Deals • February 23, 2023, 10:06AM EST Published 5 minutes earlier on Affine Protocol closed a $5.1 million seed round to build a decentralized protocol and app that offers users access to sustainable...
JPMorgan’s DeFi platform to open crypto innovation lab in Greece
Despite JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon repeatedly slamming Bitcoin (BTC) as “a hyped-up fraud” and “pet rock,” as well as comparing the largest cryptocurrency to a Ponzi scheme, the Americ...
Forsage founders indicted in $340 million Ponzi scheme
Legal • February 22, 2023, 6:34PM EST The founders of Forsage, a decentralized finance crypto investment platform, were indicted for their alleged roles in a $340 million “global Ponzi and pyramid sch...