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...
Tag: protocols
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...
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...
Anchor Protocol’s ANC token dives 65% as Terra woes deepen
Anchor Protocol (ANC) is down by 65% in the past 24 hours, falling sharply in intraday selling as crypto bleeding hit tokens in the Terra ecosystem hard. The ANC token, which traded at highs of $0.85 ...
Top 7 BSC Staking Protocols Of 2022
Binance Smart Chain (BSC), one of the lucrative blockchain technologies, runs on a proof-of-stake authority (PoSA) consensus which confers lower gas fees and faster transactions on the network. Stakin...
Primex Launches Its Protocol’s Alpha Version On Testnet
Primex Finance, a DeFi prime brokerage protocol, has announced the launch of the alpha version on its testnet. This version will let the users access and test the on-chain features of its upcoming mai...
An Updated Look at On-Chain Structured Product Protocols
May 6, 2022, 2:56PM EDT • 6 min read Quick take Composability continues to be the main differentiator between on-chain derivatives protocols and their centralized counterparts. Use cases have been la...
Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY – Defi Bitcoin News
Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this ...
DeFi protocols lost $1.6B, EU to rethink DeFi approach, and more
The past week in the decentralized finance (DeFi) ecosystem saw many new developments from an adoption perspective and protocol developments. The European Commission added a new chapter on DeFi, showi...
DeFi TVL drops below $200 billion as major protocols falter
The total value of assets locked in decentralized finance protocols has dropped below $200 billion, continuing the poor performance which has seen the space lose over 20% of its value since the year b...
Hashstack Launches Open Protocol’s First Under-Collateralized Loans
Decentralized Finance is still in its infancy, with a broader adoption yet to happen. The faith that individuals have in centralized systems is difficult to break, and restoring it in decentralized op...
NEAR Protocol’s Rainbow Bridge Escapes Potential Heist, Hacker Loses 2.5 ETH – crypto.news
The NEAR Protocol Rainbow Bridge has survived a potential heist, as an attacker’s attempt to steal funds on the network was promptly uncovered and foiled by security bots on the platform, resulting in...
NEAR Protocol’s Rainbow Bridge Attacker Loses 2.5 ETH
On May 1, the NEAR Protocol Rainbow Bridge was attacked. The cross-chain bridge had temporarily been suspended for maintenance after detecting abnormal activities. In a detailed post, Alex Shevchenko,...
Defi Protocols Shed Gains, TVL Falls Below $200 Billion
For the first time since March 16, 2022, the value locked in defi has fallen below $200 billion. While the cryptocurrency market lost billions this week, the total value locked (TVL) in decentralized...
NEAR Protocol’s USN Stablecoin Goes Live
The decentralized stablecoin, called USN, was launched on the NEAR Protocol mainnet today, led by the Decentral Bank DAO. Another Stablecoin Joins NEAR Ecosystem The news of the launch was announced ...
Blindex Protocols Integrate RSK With Two New Stablecoins ⋆ ZyCrypto
Advertisement     Blindex, a multi-currency fractional algorithmic stablecoin protocol is elated to announce the launch of its two algorithmic stablecoins, $bGBP and $...
Double Protocol’s Mission to Make Productive NFTs Available to All
Contrary to what skeptics had predicted, the nascent but thriving NFT market is now making a strong case that it was never built around mere hype and FOMO. The underlying technology and economy poweri...
0x Protocol’s Token Surges Over 47% After Coinbase NFT partnership
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
How Are DeFi Protocols Revolutionizing Passive Income Earning?
It is no surprise that the decentralized finance (DeFi) ecosystem is as large as today. With over $75 billion locked in DeFi protocols, the ecosystem has shown explosive growth, and innovation is at a...
Multi-chain, stocks and stablecoin-focused DeFi protocols are showing signs of strength
The cryptocurrency market has far faced an uphill battle for the larger part of 2022 due to global economic headwinds on multiple fronts, along with supply chain constraints, blistering inflation and ...
Building Cross-Chain Interoperability for DeFi Protocols
The decentralized finance (DeFi) sector is growing by leaps and bounds. Today, there are hundreds of DeFi applications offering users vast earning opportunities with billions of dollars traded and loc...
Near Protocol’s NEAR Token Is Digital Currency Group’s Third-Biggest Holding
Alex Dovbnya Cryptocurrency giant Digital Currency Group is betting big on Near Protocol’s NEAR token, fueling its big rally In a recent tweet, Digital Currency Group CEO Barry Silbert has revea...
OpenZeppelin Foils Convex Protocol’s Potential $15 Billion Rug Pull – crypto.news
OpenZeppelin has revealed that it recently uncovered a severe vulnerability in the Convex Finance (CVX) DeFi protocol code that would have led to a $15 billion rug pull if exploited. The loophole has ...
DAOs At Core Promote Decentralization, Yet Popular DAO Protocols Still Not Fully- Decentralized
As an internet and blockchain-native entity, DAO offers several advantages over traditional business. However, the world is yet to witness a DAO protocol that is fully decentralized. DAOs are struggli...
Sphere Finance gives users a chance to yield profits and join governance protocols
2022 is the year of governance. With DeFi 3.0 right around the corner, AMMs are turning into multi-billion-dollar endeavors that build the infrastructure of financial instruments in DeFi. They are the...
KILT Protocol’s New DIDsign App Makes It Possible To Sign & Verify Files Securely On The Blockchain
KILT Protocol has announced the launch of its DIDsign application, giving Web3 users a decentralized way to easily sign and verify files privately and securely. KILT is building an open-source blockc...
The Top 10 DeFi Protocols On Cronos Blockchain ⋆ ZyCrypto
Advertisement     The recent rebrand of Crypto.com’s official token to “Cronos” comes at a time when the Cronos blockchain project is growing fast. Indeed, as Crypto.c...
Avalanche (AVAX) Targets $100 as Layer-1 Protocols Shine
Key Insights: Avalanche (AVAX) hit a Friday high of $86.95 as bulls target a return to $100. Demand for Layer-1 protocols has surged, with Avalanche network updates also AVAX positive. Technical indic...
PoW avoids EU ban, two DeFi protocols suffer a combined $11M hack and BAYC does an ApeCoin airdrop: Hodler’s Digest, March 13-19
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Three layer-1 protocols see inflows amid choppy, volatile market conditions
Layer-1 (L1) protocols are the foundation of the decentralized application ecosystem, with the Ethereum network dominating the landscape in terms of the number of protocols launched on-chain and total...