Blockchain analyst firm Chainalysis published a new report focused on the illicit activities occurring on blockchains, noting that DeFi protocols are the most popular target hackers tend to go after a...
Tag: DeFi
DeFi attacks are on the rise — Will the industry be able to stem the tide?
The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control. According to the latest stati...
DeFi transforming lending routes on the blockchain
The world of decentralized finance (DeFi) is gradually expanding to encompass a significant share of the global financial lending space by virtue of the inherently trustless manner of operation and th...
Can Calyx Token (CLX) Empower the DeFi Space as Tron (TRX) Empowers the DApps Community?
– Advertisement – DeFi tokens are taking over the market in the world of digital currencies due to their ability to be swapped or traded for other coins, used for many finance-related acti...
DeFi Platforms Blizz Finance and Venus Protocol Count Their Losses – crypto.news
The entire funds in the liquidity pools of Blizz Finance and Venus Protocol DeFi platforms have been drained by attackers. Blizz claims Chainlink’s decision to pause the LUNA price feed during the tok...
Chainlink LUNA/USD Price Feeds Situation: How A ‘Price discrepancy’ Led To Loss Of Millions From DeFi protocols?
Amidst the de-pegging mess, the TVL of Terra has experienced a major fall, losing around $14 billion; as a result, the market has turned bearish, and DeFi investors have lost interest. Since the first...
Fantom blockchain suffers another DeFi hack 1
Fantom blockchain has succumbed to another hack attack in the decentralized finance market, pushing its native token, FTM, to experience a decline. The native token of the platform, FTM, is presently ...
Chainlink: How a ‘price discrepancy’ resulted in millions lost from DeFi protocols
Terra’s total value locked suffered a major fall, losing as much as $14 billion, amid the de-pegging fiasco resulting in reduced DeFi investor interest and a bearish market. The protocol lost around 7...
DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy
The seemingly endless freefall of Terra (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price feed for LUNA gets suspended over extreme market c...
What is Bitcoin DeFi? How Bitcoin Holders Earn Passive Income
Since decentralized finance (DeFi) first exploded in 2020, the majority of DeFi projects have been built on the Ethereum blockchain. Bitcoin holders who want to access DeFi have often chosen to use wr...
Maker DeFi Token Jumps 30% as Users Turn to DAI Stablecoin Amid Terra’s Collapse
While crypto markets staged a rebound Friday morning, the MakerDAO governance token, MKR, was up 30% as investors bet on its DAI stablecoin amid Terra’s ongoing collapse. Early Friday, MKR was t...
Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg – Defi Bitcoin News
On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days ago on May 5. One s...
Aurora launches $90M fund to finance DeFi apps on Near Protocol
Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApps) built on the Near protocol, has launched a token fund worth $90 million. The fund was launched today in ...
DeFi Not Spared From Crypto Massacre As TVL Drops Almost 50%
The decentralized finance (DeFi) has not been spared from the recent crypto onslaught. This crash that had finally put top coins like Bitcoin and Ethereum 50% below their all-time high values had also...
Near’s Blockchain Layer Aurora Launches $90 Million In Funds To Accelerate DeFi Development
Near Protocol’s blockchain layer, Aurora has allocated a token fund worth $90 million in order to speed up the development of decentralized finance (DeFi) applications. Today, the fund was launched in...
Bank of Spain Governor Highlights Need for Fast Regulation in Defi and Crypto – Regulation Bitcoin News
Pablo Hernández de Cos, governor of the Bank of Spain and chair of the Basel Committee on Banking Supervision, explained that the cryptocurrency space and decentralized finance (defi) need to be regul...
NEAR’s future after Aurora launches $90M fund for DeFi
Near Protocol NEAR/USD is a layer-1 blockchain that powers decentralized applications (dApps). However, it differentiates itself by utilizing what is known as Nightshade, which is a unique sharding te...
Forward To Integrate Chainlink To Enhance DeFi Exchange and LBP
Forward recently announced its integration with Chainlink Price Feeds on BNB Chain to power its DeFi (decentralized finance) exchange and LBP or lending and borrowing protocol. The team also plans to ...
Defi ETP to Start Trading – Trustnodes
One of the first ever decentralized finance (defi) stock traded product (ETP) is launching this Wednesday. The 21Shares DeFi 10 Infrastructure ETP (DEFII) will be listed on the BX Swiss Exchange follo...
Record amounts of crypto were stolen in DeFi hacks last quarter
After the record-breaking DeFi summer of 2020, the crypto industry has gone parabolic when adopting decentralized technologies. The industry has been racing to reinstate traditional financial services...
Crypto Market Onslaught Stretches to DeFi as TVL Slumps to $114bn
With a broad-based caution being exercised by investors regarding risk assets, there have been a massive outflow of funds from Decentralized Finance (DeFi) protocols as many investors anticipate calm ...
Aurora launches $90 million to fund the development of DeFi apps
The development of blockchain technology has led to several uses in the various arenas, and Aurora has a keen eye on it. One of these is decentralized finance, which has expanded scope in the Web 3 wo...
Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision » CryptoNinjas
Nansen, a blockchain data analytics platform, announced today that it will be participating in an ongoing seed round for leading DeFi data platform APY.vision. To coincide with its seed investment, N...
s-AAVE your portfolio as the DeFi scene for token holders looks…
As the crypto market goes wild over the Terra [LUNA] and TerraUSD [UST] shenanigans, it’s easy to lose sight of what’s happening elsewhere. However, investors cannot afford to be so careless and must ...
Update Your Crypto Wallet With DeFi Coins – Shiba Inu (SHIB) and Pacman Frog (PAC)
Digital finance has been taking over the world with crypto coins gaining popularity across social media platforms. As more people join in, do not miss your opportunity to unlock DeFi’s full pote...
Almost All $1.7B Crypto Stolen In 2022 Has Come From DeFi: Chainalysis
While illicit activity has fallen in the broader cryptocurrency community, it’s been rising sharply in decentralized finance (DeFi) protocols. Of the $1.7 billion worth of cryptocurrency stolen in 20...
DeFi Exchange Curve Finance Tops $6.8B Daily Volume
Key Takeaways Daily trading volume on DeFi exchange Curve Finance has hit a new all-time high of $6.8 billion. Fears over USDT losing its dollar peg and the sharp decline in Bitcoin and Ethereum price...
Illicit Activities in DeFi Sector Seen Rising in Past Two Years: Chainalysis
Illicit cryptocurrency transactions in the decentralised finance (DeFi) sector have been rising over the last two years, according to the Web3 Safety & Compliance report from Chainalysis. Over the...
Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital to Drive DeFi on Algorand
Madrid, Spain, 12th May, 2022, Chainwire Bnext announces a total investment of $10 million, as the Spanish fintech giant prepares to complete its token sale. Borderless Capital has increased its inves...
New Bancor Update Gives DeFi Investors ‘100% Impermanent Loss Protection’
Bancor, an early decentralized finance (DeFi) protocol, announced that its much-anticipated protocol update, Bancor 3, is now out of beta and has launched on mainnet, bringing with it a host of new fe...