Birgit Rodolphe, a senior executive at German financial services regulator BaFIN, has called for the regulation of decentralized finance. She cited the risks of fraud and hacks as enough reason to reg...
Tag: DeFi
Nansen Acquires DeFi Portfolio Tracker Ape Board for More Than $10M
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Ethereum Whales Pick Up Chainlink and Three Additional DeFi Altcoins As Crypto Markets Stabilize: WhaleStats
The largest Ethereum (ETH) whales in existence are accumulating decentralized oracle network Chainlink (LINK) and a collection of decentralized finance (DeFi) altcoins as the crypto markets show signs...
Robinhood Plans ‘Web 3’ Crypto Wallet for DeFi Traders, NFT Buyers
Robinhood’s upcoming wallet – it begins testing in the summer, with a waitlist now open – is slated for direct competition with Coinbase’s (COIN) own offering, with expanded features announced Monday....
How The DeFi Space Has Become A Massive Breeding Ground For Crypto Ponzi Schemes
A large number of recent Ponzi schemes have used decentralized finance (DeFi) infrastructure to defraud their customers. This article explores the DeFi ecosystem and how fraudsters are able to exploit...
The Neko LLC – Providing Safety, Security, and Innovation for The Future of DeFi
Popular Japanese figurines known as Maneki-Neko are seen to bring good luck and wealth to their owners. In light of this, the Neko Developers desire to share their progress with the cryptocurrency com...
Fantom’s Scream DeFi Protocol Incurs $35M Bad Debt as Two More Stablecoins Lose USD Peg – crypto.news
The Scream decentralized finance (DeFi) protocol has run into a $35 million dollar bad debt following its failure to adjust the price of the Fantom USD (fUSD) and Dei (DEI) stablecoins on its platform...
DeFi Needs Greater Supervision to Protect Investors: German Regulator
A high-level executive from Germany’s financial regulator has called for greater regulation of decentralized finance to protect investors from market risk. The Federal Financial Supervisory Authority’...
Fireblocks Unveils Web3 Engine To Support DeFi, Games And NFTs
Fireblocks’ cofounders (from left to right): Idan Ofrat, CTO; Michael Shaulov CEO; Pavel Berengoltz, VP of R&D Fireblocks Blockchain infrastructure provider Fireblocks has launched a suite o...
DeFi lender left with $35 million bad debt after quoting depegged stablecoins at $1
Scream, a DeFi lending protocol on Fantom, has incurred $35 million in bad debt after failing to adjust the price of two stablecoins that lost their US dollar peg. The two stablecoins in question are ...
Crypto Analyst Says One Deeply Oversold Decentralized Finance (DeFi) Altcoin ‘Can Move Fast’
A popular crypto analyst is naming one decentralized finance (DeFi) protocol he believes can surge in value after being sold off at a rapid rate over the last few weeks. In a new video update, the ano...
Top DeFi tokens not to miss on May 17
Beefy.Finance BIFI/USD, Maker MKR/USD, and Liquity LQTY/USD are tokens with huge potential for growth. Beefy Finance added vaults and stablecoin liquidity pools. Specifically, it introduced a quad-sta...
5 Top Defi Crypto for High Profits May 2022 Week 3
Over the last few weeks, the crypto market has experienced drastic price movements with price marks touching lower lows. Given these movements, several crypto assets have given opportunities to invest...
Coinbase unveils Web3 mobile DApp and DeFi wallet and browser
America’s largest crypto exchange Coinbase has rolled out Web3 application functionality including a hot wallet and browser for a limited set of its mobile app users. The app will allow select users t...
German Financial Supervisor Issues Stark Warning About DeFi
Alex Dovbnya BaFin wants to introduce regulations for the DeFi sector in order to prevent protocols from ripping off investors German financial watchdog BaFin has called for regulating the decentraliz...
Traditional Finance is Getting Richer. DeFi Can Provide a Fairer World
Traditional finance is gloating as cryptocurrencies crash. But there’s so much more to cryptocurrencies and decentralized finance than just dips and highs. Here’s why the blockchain has the potential ...
This is how Polygon [MATIC] is benefiting from Terra’s [LUNA] $30 billion DeFi loss
As the Terra blockchain collapsed, it decided to eliminate a lot of apps, including Anchor, which was the largest DeFi protocol on the chain at a given point. However, the protocol is worth nothing at...
DeFi lender incurs $35 million loss after pricing depegged stablecoins at $1
Scream, a Fantom-based Defi lending protocol, has sustained $35 million in bad debt after neglecting to change the prices of two stablecoins that dropped their US dollar peg – Fantom USD (fUSD) ...
German Regulator Calls for New DeFi Laws
But some in the industry have warned that regulation could generate uncertainty in a nascent industry. Responding to Rodolphe’s comments, Sakhib Waseem, Chief Innovation Officer at Switzerland&#...
Multiple DeFi Protocols Resume Operations Following GoDaddy Exploit
A GoDaddy exploit saw attackers hack multiple DeFi protocols, which have only just come back to regular functionality. In a separate incident, attackers used a malicious advertisement script through C...
DeFi TVL crashes as Terra collapse triggers investor fears
The cryptocurrency market performed poorly last week, with billions of dollars liquidated in a few weeks. Following the market crash, the decentralized finance (DeFi) sector has been affected, with th...
Terra’s Fall Creates Ripples among DeFi Networks
The impact of Terra plummeting to $0 has crossed the ecosystem and created a chain reaction that brought down several DeFi networks and applications. Statistics confirm that the total TVL of the DeFi ...
Hashstack Shifting the TradFi & DeFi Paradigms with Under-Collateralized Loans – crypto.news
HashStack is aiming to bring a paradigm shift to the traditional finance (TradFi) and decentralized finance (DeFi) ecosystems by making under-collateralized loans accessible to both the unbanked and u...
DeFi Lending Sector Sees Investor Exodus Amid Market Meltdown
Industry analytics firm DappRadar has just released a report on the situation, and it doesn’t look pretty. On May 13, the firm reported that DeFi’s total value locked (TVL) is down more than 40% over ...
Top DeFi Coins Ready to Explode: Chainlink (LINK), Fantom (FTM), and Logarithmic Finance (LOG)
– Advertisement – DeFi is rapidly surpassing conventional banking as an innovative application, and the expansion in the future years will be unparalleled. From pioneering borderless payme...
Fostering Mainstream DeFi Adoption and Accessibility – crypto.news
It’s no news that decentralized finance (DeFi) is one of the fastest-growing sectors in the crypto and blockchain technology ecosystem, with the combined total value locked (TVL) in DeFi protocols sit...
Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy – Defi Bitcoin News
The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the to...
DeFi responsible for 97% of hacks 1
Chainalysis, a firm focused on the activities on blockchains has unveiled a new report looking into criminal activities in the crypto market. According to the on-chain analysis firm, most of the hacks...
4 Innovative DeFi Projects To Keep an Eye on ⋆ ZyCrypto
Advertisement     Cryptocurrencies are sweeping the financial world, and the blockchain industry is exploding. As a result, cryptocurrency fans have a plethora of choi...