DeFi space often sees varied hacks and frauds which sometimes take time to get discovered. A Twitter user revealed seven months after the hack that Mirror Protocol got attacked for approximately...
Tag: DeFi
DeFi Built On Terra Succumbed To A $90 Million Exploit, Goes Unnoticed For Seven Months
Mirror Protocol, a DeFi application built on the old Terra blockchain, was attacked by a $90 million exploit in October 2021, and it remained entirely undiscovered until last week. The attacker was ab...
Tron Secures Third Position as Total Value Locked (TVL) Surges in DeFi
2 hours ago | 2 mins read Editors News JustLend’s TVL jumped from $1.79 billion to $2.86 billion. USDD is controlled by smart contract algorithms, unlike Tether’s USDT. DeFi’s third-largest blockchain...
Singapore To Venture Into DeFi With Major Banks, Here’s How
Singapore’s Deputy Prime Minister Heng Swee Keat on Tuesday announced “Project Guardian” to explore the tokenization of financial assets and use cases of DeFi. The Monetary Authority of Singapore will...
Singapore Looks Deeper Into DeFi, Launches Crypto Initiative
The top financial regulator of the city-state – the Monetary Authority of Singapore (MAS) – reportedly partnered with the finance industry to introduce “Project Guardian.” The initiative aims to inves...
The Merge can save DeFi TVL 1
Bloomberg has mentioned that the much anticipated ‘Merge’ by Ethereum could be what turns DeFi TVL around drastically. In the report, market traders and investors are hoping that it could push the ent...
Checkout.com founder backs DeFi platform Alloy in $3 million pre-seed round
German DeFi platform Alloy has won the backing of Checkout.com founder Guillaume Pousaz in a $3 million pre-seed round led by Headline Ventures. In an announcement this morning, Alloy said Pousaz had ...
Ethereum’s merge could help save DeFi TVL, Bloomberg reports
? Want to work with us? CryptoSlate is hiring for a handful of positions! DeFi investors are hoping that Ethereum’s Merge will pull the crypto market out of its current bear market, according to a Blo...
Biggest Gainers in Crypto & DeFi Today – Uniswap Pumps
Decentralized Finance, or DeFi, was created with a view to create a market of open finance, with minimal involvement of centralized financial intermediaries. The idea was to enable faster transactions...
Proofi by LTO Network to bring its KYC solution to DeFi and blockchains via Chainlink » CryptoNinjas
Dutch blockchain LTO Network, today announced that Proofi by LTO Network will make its identity data available to the multi-chain DeFi ecosystem via Chainlink, the leading blockchain oracle solution. ...
Will Polygon Village see its ‘villagers’ happy in DeFi space
Decentralized Finance and Web3 capabilities are the two pillars of blockchain without which most chains fail to draw investors. Investors who have already pioneered in this space in their own ways are...
A $90 million DeFi exploit on Terra went unnoticed for seven months
In October 2021, DeFi application Mirror Protocol succumbed to a $90 million exploit on the old Terra blockchain — and it went completely unnoticed until last week. Mirror protocol allowed users to ta...
$90M DeFi Hack Discovered Seven Months After the Fact
Key Takeaways Mirror Protocol suffered a $90 million exploit—seven months ago. The attacker was allowed to unlock collateral from the protocol again and again while paying very little in fees. The att...
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism – Defi Bitcoin News
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi ...
Proofi by LTO Network taps into Chainlink to provide KYC/AML data to DeFi
Proofi, a cross-chain identity solution provider developed by Dutch blockchain LTO Network, has announced integration with leading blockchain data provider Chainlink. The integration means the DeFi ec...
DeFi App Sells $830,000 in NFTs to Fight $10 Lawsuit Guy
Key Takeaways The DeFi savings protocol PoolTogether has raised over $830,000 in five days through its Pooly NFT mint sale. Last October, a former Elizabeth Warren staffer sued PoolTogether Inc. for r...
Leading The DeFi Charge – Crypto Daily™
Decentralized finance (DeFi) is the new buzzword changing the landscape of the current financial system, laying the groundwork for the future of banking. Although DeFi services began back in 2015, the...
Making the DeFi space secure for everyone with SolarDex
DeFi is a booming space with a wide variety of investment options available for users. However, this range of alternatives also means that the average user can get intimidated and fail to utilize thei...
Gnox (GNOX) Soars 52% Following KYC Certification By Soken DeFi, Binance Offers A Lifeline To Terra (LUNA) Ecosystem Projects
Gnox’s presale price increases by 52% after passing a thorough background check and receiving a Soken KYC badge on May 21, 2022. The current price of its native token, $GNOX, is 0.0152, up by 52% from...
Defi Expert Reveals Top 5 Cryptocurrencies for Passive Income
Place/Date: – May 29th, 2022 at 3:31 pm UTC · 3 min read Source: Gnox DeFi, or Decentralized finance, is a broad term that encapsulates a variety of financial products built on the blockchain. N...
TRON Might Overtake Binance Chain in Total Value Locked in DeFi
TRON is experiencing growth in its DeFi ecosystem, according to DefiLlama data, and currently ranks as the third largest blockchain in terms of total value locked, trailing only Ethereum and the BSC (...
The Ripple Effect: Can Logarithmic Finance (LOG) Leverage DeFi To Disrupt Financial Services Like XRP (XRP) And Solana (SOL) Did
– Advertisement – As economic factors make capital markets a risky affair, cryptocurrencies are fast emerging as an attractive investment option. Utilizing blockchain ledgers to offer secu...
DeFi Cryptos Worth Attention: Logarithmic Finance (LOG), Kava (KAVA), And Avalanche (AVAX)
– Advertisement – Decentralised Finance (DeFi) is one of the next biggest sectors of the crypto market. The DeFi part of crypto is single-handedly amplifying the feature of cryptocurrency ...
DeFi Platform Marhaba Taps $3 Trillion Islamic Finance Sector With Halal-Compliant NFTs
Marhaba DeFi Network (MRHB), a Muslim-focused ethical decentralized finance platform, has launched what it is calling the “world’s first” certifications for non-fungible tokens (NFTs) that are complia...
10 Top DeFi Coins Today
The demand for DeFi coins has risen substantially in 2022 with DeFi making breakthrough improvements in its infrastructure over time. Some of the DeFi coins have showcased excellent price movement in ...
Ethereum DeFi Advisor Reviewed Cardano (ADA): Results
Vladislav Sopov Former LinkedIn product lead and strategic advisor of DeSo Web3 social network Alex Valaitis shared detailed review of Cardano’s ecosystem Contents New-gen blockchain with vibran...
Whales Accumulating These DeFi Tokens Amid Price Crash
The global cryptocurrency market witnessed another marginal drop of around 1% over the past day. The total crypto market cap has shrunk to stand at $1.19 trillion. The largest tokens haven’t performed...
Is DeFi a Public Good?
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) One of the more interesting considerations in the world of crypto—one championed as a bastion of transparency and open-s...
DeFi protocol-HAPI intends to collaborate with Chainalysis- know why?
HAPI, a DeFi protocol, has announced intentions to collaborate with Chainalysis. The two firms will collaborate on a variety of fronts as HAPI strives to become more than simply a DeFi standard. Both...
We Are Warriors: How DeFi And NFT Platforms Are Used To Promote Crypto To Women
– Advertisement – We Are Warriors is a mental wellness community that incorporates both NFT and DeFi features. This means that each member can own a piece of the platform, which is built o...