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Tag: DeFi
Filecoin (FIL) and Orbeon Protocol (ORBN) Hailed As Utility Leaders In The DeFi Space
In the world of decentralized finance, Filecoin (FIL) and Orbeon Protocol (ORBN) are emerging as utility leaders with unique value propositions. Filecoin (FIL), a decentralized network, incentivizes u...
Arbitrum-based DeFi Initiative Hope Finance Exploited of $2 Million
11 hours ago | 2 mins read Defi News Users claim that a Nigerian citizen carried out the fraud. A Cognitos official conducted an audit of the Hope Finance smart contract on February 13. Users who had ...
Altcoin Built to Boost Bitcoin Soars 90% in One Day As BTC DeFi Narrative Takes Over
A crypto project that could push Bitcoin (BTC) further into the world of decentralized finance (DeFi) is exploding in price. The altcoin RSK Infrastructure Framework (RIF) is up 90% in the last 24 hou...
Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket
After the discovery of a vulnerability with a value of $2 million, potential customers of an Arbitrum-based decentralized finance (DeFi) effort have been left without any financial remedy. This is bec...
DeFi hackers are making bank this year — it’s February
In early 2023, the cryptocurrency industry has been characterized by unexpected price pumps and mounting regulatory pressure, yet it’s been a fairly quiet time for the decentralized finance (DeFi) sec...
DeFi protocol Hope Finance hacked for $2M at launch
Decentralized finance (DeFi) protocol Hope Finance lost roughly $2 million worth of crypto assets on Feb. 20 to a hacker who “claimed everything from the genesis protocol.” The DeFi protoc...
DeFi Protocol ‘Platypus’ De-pegged after Flash Loan Attack
On February 16, Platypus Finance, a decentralized finance (DeFi) application was affected by a flash loan attack. as per CertiK, a smart contract security firm. In a tweet, CertiK informed that the ha...
Does SEC Crypto Staking Crackdown Will Impact DeFi?
This year Decentralized Finance (DeFi) market set off to a solid start. Earlier week crypto market bullish outburst helped DeFi to regain its $50 billion total value locked (TVL) on Thursday. Meanwhil...
Bridge the gap between traditional finance and DeFi
The cryptocurrency community is always looking for new methods to use decentralized finance (DeFi) technologies in order to close the gap that exists between conventional finance and fiat currencies. ...
Arbitrum transaction volume is rising as DeFi actions increase
New data indicates that the volume of transactions on Arbitrum, an ether (ETH) layer-2 solution, has surpassed previous records, recording 690,000 transactions per day. Arbitrum’s recent statistics on...
DeFi TVL Recovered its $50 Billion Market: Lido with Highest TVL
This year Decentralized Finance (DeFi) market set off to a solid start. The recent crypto market bullish outburst helped DeFi to regain its total value locked (TVL). For the first time after the FTX c...
MakerDAO Co-Founder Mushegian Left ‘Principles’ of His Latest DeFi
Vladislav Sopov Late Nikolai Mushegian, prolific DeFi evangelist and early contributor of MakerDAO, DAI, RAI and other game-changing systems, described his vision of perfect DeFi product Contents Neut...
GMX scales to new highs on DeFi front- Here’s everything you need to know
GMX’s total value locked increased by 35% since the FTX debacle. The protocol’s native token registered a jump in price and trading volume in recent days. According to a tweet by an on-chain analyst, ...
USP Stablecoin Losses Dollar Peg Following $8.5 Million Attack On DeFi Protocol Platypus
Join Our Telegram channel to stay up to date on breaking news coverage USP, the stablecoin of DeFi protocol Platypus Finance has lost its peg to the dollar after an $8.5 million flash-loan exploit. ...
SOL prevails in the DeFi landscape, but testing times remain
Solana’s key DeFi indicators showed signs of recovery in an otherwise under par February SOL’s high volatility kept investors on their toes According to an 18 February tweet by Kamino Finance, Solana’...
How Polygon’s DeFi space is fueling MATIC’s uptrend
Polygon’s DeFi ecosystem registered growth with multiple new integrations and partnerships. MATIC’s response to these developments was positive and metrics were bullish. The crypto community is ecsta...
SEC’s staking crackdown has uncertain consequences for DeFi: 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. The United States Sec...
AirDAO will overhaul tokenomics, foundation for DeFi ecosystem
AirDAO is a community-governed layer-one blockchain with a suite of web3 dApps accessible through the AirDAO Dashboard, all powered by the AMB token. The upgraded AirDAO Tokenomics lays out the change...
G20 Financial Stability Board Report Flags DeFi ‘Vulnerabilities’
A new report from the Financial Stability Board takes aim at the world of decentralized finance (DeFi), adding that the “rapidly evolving” niche “does not differ substantially from t...
DeFi Protocol Platypus Compromised For $8.5M
The DeFi protocol Platypus has been the target of the latest flash loan attack, which has resulted in a loss of funds worth $8.5 million. Flash Loan Attack Results In Stablecoin Depeg The flash loan ...
Platypus salvages $2.4 million in hacked funds with BlockSec’s help
Published 50 minutes earlier on Published 2 hours and 50 minutes earlier on After the Platypus protocol was hacked yesterday, at least 2.4 million USDC was returned to the exploited platform with help...
DeFi protocol Platypus suffers $8.5M flash loan attack, suspect identified
A potential suspect has been identified over the $8.5 million attack on decentralized finance protocol Platypus, which saw $8.5 million drained from the protocol. Blockchain security firm CertiK first...
Overall DeFi Total Value Locked Hits $50,000,000,000 Mark for the First Time Since November FTX Implosion
The decentralized finance (DeFi) sector appears to be on the road to recovery after a substantial period of stagnation. The total value locked (TVL) in DeFi platforms dropped from over $50 billion to ...
Interview: What is the future of DeFi? Umee founder Brent Xu
It’s been a rough year or so for crypto. This includes the area of decentralised finance, where total value locked (TVL) has collapsed amid the bear market. Are you looking for fast-news, hot-tips an...
BIS-funded regulator to probe DeFi entry points like stablecoins
The Financial Stability Board (FSB), the financial regulator funded by the Bank for International Settlements (BIS), is pushing international regulations for decentralized finance (DeFi). On Feb. 16, ...
DeFi TVL of Arbitrum jumps by 50% in Eight Weeks: Whole Story
DeFi TVL on Ethereum Layer 2 Protocol jumped 50% in less than 2 months of 2023. Major protocols working on the network are believed to have fueled the growth. 2023 so far has proved to be a good yea...
The DeFi Platform That’s Taking NFTs to the Next Level – Press release Bitcoin News
press release PRESS RELEASE. On February 14, the highly anticipated Blur airdrop was finally kicked off. According to Dune Analytics, as of February 15, over 40,000 addresses have claimed the Blur air...
Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse – Defi Bitcoin News
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of ...
Bitcoin reaches $25,000, its highest price since June
DeFi • February 16, 2023, 11:21AM EST Bitcoin was trading at $25,108 by 11 a.m. EST, up 3.1% over the past day, according to TradingView data. That’s its highest price since June 2022. ...
DeFi Adoption Rises Amongst the Traditional Banks
Traditional banks and DeFi were once considered arch-rivals. But are banks considering entering the DeFi space now? As decentralized finance (DeFi) rises in popularity, experts like Mark Cuban believe...