Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukra...
Tag: Finance
Parallel Finance just launched six DeFi products on Heiko
Parallel Finance, an institutional-grade lending protocol and the DeFi parachain hub of major platforms Polkadot and Kusama, has launched a suite of six new DeFi products. The products have all been u...
DeFi re-entrancy attack laundered $6.5mn from hundred finance
DeFi is one of the most potential sectors in the crypto ecosystem. Many believe that the industry has the potential to disrupt our mainstream banks. But the industry is also too hot as it faced severa...
Hundred Finance Loses $6.5 Million in DeFi Reentrancy Attack
DeFi lending protocol Hundred Finance has lost roughly $6.5 million in a reentrancy attack that took place on March 16. The attacker exploited the loan contract and used Tornado Cash to hide their tra...
Attack On Deus Finance: $3 Million Bagged in ETH and DAI
Deus Finance got compromised in a recent DeFi attack, where attackers bagged $3 Million worth of ETH and DAI, as per a data from a leading blockchain security organization. Security organization state...
HSBC enters The Sandbox to offer educational finance games
HSBC, one of the largest European banks, with total assets of $2.4 trillion, announced its intention to buy a virtual plot of LAND within The Sandbox for an undisclosed amount. The new partners will d...
NFT Finance Part 1: Demand is exploding for loans backed by NFTs
Quick Take NFTs are being used as collateral for high-risk, high-reward loans of all sizes. The founders of two NFT lending marketplaces shed light on this rapidly growing market. This is the first ar...
As The Dust Settles, Deus Finance Releases Statement, Outlines The Way Forward
After the flash loan attack suffered by Deus that saw around $3 million stolen by the attacker, Deus released a statement through Medium, assuring the community that steps were being taken to ensure t...
Acta Finance Enters Avalanche Ecosystem After Successful Rebranding
DeFi ecosystem, ADA Finance, has rebranded to Acta Finance, launching a new native token $ACTA, as well as developing its own AMM, ActaFi Swap. ADA Finance, a pioneering decentralized finance (DeFi) e...
FTX partners with African payments company AZA Finance to boost web3 adoption
advertisement Crypto exchange giant FTX has partnered with AZA Finance, the payments firm formerly known as BitPesa, to grow the web3 economy on the African continent. The partnership will explore fiv...
Agave and Hundred Finance DeFi protocols exploited for $11M
A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Aga...
Universe Finance Officially Launches Leveraged and Lending Vaults
Universe Finance, the first DeFi project to offer this option on Polygon, has officially released its ‘Leveraged Vault’ and ‘Lending Vault’ products. The team is steadily making progress toward the ta...
Investors Inject $450 Million Into Consensys, Ethereum Incubator Now Valued at $7 Billion – Finance Bitcoin News
The Ethereum software firm Consensys has announced the incubator has raised $450 million in a Series D funding round led by Parafi Capital. The latest financing brings the company’s valuation to over ...
NFT and Decentralized Finance Altcoin Explodes Nearly 100% in Days Following Hints of Airdrop
An altcoin that aims to bring decentralized finance (DeFi) and non-fungible tokens (NFTs) to the masses is in the midst of a huge rally despite stagnation in the crypto markets. Built on the Ethereum ...
DeFi protocols Agave and Hundred Finance exploited on Gnosis Chain for $11 million
Quick Take The attacker introduced a reentrancy bug to steal funds using a flash loan exploit. The projects lost a combined $11 million in the attack, hours after a similar incident involving Deus Fin...
Deus Finance Suffers $3M Oracle Exploit
Key Takeaways According to Peckshield, Deus Finance has suffered a $3 million exploit. The exploit appears to have been the result of price manipulation in Deus’ oracle, Muon. The team has revea...
Hacker Siphons $3 Million Worth of DAI and ETH From Defi Protocol Deus Finance – Bitcoin News
Another decentralized finance (defi) protocol was breached this week after it was discovered that a hacker exploited the bilateral over-the-counter (OTC) derivatives platform Deus Finance. According t...
Deus Finance DAO suffers $3 million flash loan attack
Multi-chain DeFi protocol Deus Finance DAO has become the latest victim of a flash loan exploit, adding to the controversy surrounding flash loans and the potential danger they pose to DeFi protocols....
Deus Finance hacked: About $3M in crypto drained
TL;DR Breakdown: At least $3 million in cryptocurrency has been stolen from Deus Finance. The hacker tricked the oracle contract into the pricing of the LP using flash loans. DEUS token is down 30% f...
$3 Million in DAI and ETH Stolen From Deus Finance in the Latest DeFi Hack
Deus Finance was exploited, according to data from PeckShield, with the attacker swiping around $3 million in DAI and Ethereum (ETH). The blockchain security company explained that the hack was due to...
Acta Finance enters Avalanche ecosystem after rebranding from ADA Finance
ADA Finance, pioneering decentralized finance (DeFi) ecosystem which will operate on Avalanche initially, has successfully completed a rebrand, changing its name to Acta Finance (ActaFi). In addition ...
Acta Finance Enters The Avalanche Ecosystem After Successfully Rebranding From ADA Finance
Press Release: DeFi ecosystem, ADA Finance, has rebranded to Acta Finance, launching a new native token $ACTA, as well as developing its own AMM, ActaFi Swap. March 14th, 2022, Mahe Victoria, Seychell...
Cryptopolitan announces Spherium Finance officials as guest speakers for upcoming Web3 Masterminds session
Cryptopolitan is happy to announce that three of Spherium Finance’s officials – Aanchal Thakur (Co-founder/CEO), Sash Jeetun (Co-founder/COO), and Sheel Khandelwal (Head of Marketing) – will join the ...
Bitstamp Crypto Exchange Scores Diverse Hires from Traditional Finance
The Bitstamp cryptocurrency exchange has boosted its talent pool and staff diversity with new hires of former Wall Street employees. The CEO of Bitstamp USA, Robert Zagotta, says that employees from t...
Cardano’s DeFi Hub Ardana Partners with Optim Finance: Details
Vladislav Sopov Major Cardano-based stablecoin and DeFi hub Ardana (DANA) has entered into partnership with cutting-edge ecosystem Optim Finance Contents Optim Finance is now able to leverage Ardana&#...
More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols – Defi Bitcoin News
In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. ...
Russia Lost Access to Half Its Reserves, Finance Minister Says
(Bloomberg) — Russia has already lost access to almost half of its reserves and sees more risks to President Vladimir Putin’s war chest due to increased pressure from the West on China, said Fin...