DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%
[Sep 3, 2024 8:43 PM] Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.
11 / 51 Relevant items tagged with #DEFI
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Institutional DeFi Needs a BUIDL Moment
[Sep 3, 2024 3:55 PM] The lack of institutional adoption in DeFi is mostly due to capability limitations, not just regulatory uncertainty, says Jesus Rodriguez, CEO, IntoTheBlock.
Aave, Sky float partnership to bridge DeFi, TradFi
[Sep 3, 2024 3:34 PM] The plan would create markets for DAI-replacement USDS on Aave.
Justin Sun implements 100% onchain buyback for SunPump
[Sep 3, 2024 10:41 AM] Justin Sun's SunPump community abandons LP token burning in favor of a more transparent, onchain buyback and burn process.
Ripple to add smart contracts to XRP Ledger
[Sep 3, 2024 10:41 AM] The move aims to attract developers and expand XRP Ledger's capabilities, bringing new use cases to its ecosystem.
Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise
[Sep 2, 2024 4:20 PM] Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today…
Frax Finance Launches Frax Name Service for Decentralized Identity Management
[Sep 1, 2024 10:30 PM] Frax Finance has launched the Frax Name Service (FNS), a decentralized identity service that allows users to register unique names on the Frax blockchain. Frax Finance Expands Ecosystem With Launch of Frax Name Service Frax Finance has introduced…
Vitalik Buterin has radical scheme for the pseudo-decentralization of entire cities
[Sep 1, 2024 7:19 PM] The Ethereum creator’s utopia seems a lot like a decentralized autonomous organization, but with taxes.
What Web3 Games Need to Do to Break into the Japanese Market – IVC Partner Ann Chien
[Sep 1, 2024 3:00 PM] IVC is a Web3 venture capital fund backed by leading Japanese gaming studios. They focus on Web3 gaming, digital entertainment, AI, DeFi, and infrastructure, and have invested in over 200 projects. They also host Japan’s largest Web3 conference…
Trump’s World Liberty Financial Launches ‘Epic’ Meme Contest as Telegram Channel Hits 100K Members
[Aug 31, 2024 4:45 PM] The Trump family’s decentralized finance (defi) venture, World Liberty Financial, which has been shrouded in secrecy for quite a while, has now revealed another development—the launch of an “epic meme contest.” The news broke on the social…
Crypto hacks surpass $1.2B in 2024, Celsius repays $2.5B: Finance Redefined
[Aug 30, 2024 7:01 PM] Crypto hacks may surpass 2023’s record, with $1.2 billion already stolen, and Celsius is finally beginning to repay its creditors.
DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’
[Aug 30, 2024 5:19 PM] The proposal would effectively transfer control of WBTC to Threshold.
Layer-1 Platform Radix Cuts Workforce by 15%
[Aug 30, 2024 10:30 AM] The decentralized finance platform Radix Network announced a 15% workforce reduction on Aug. 28. CEO Piers Ridyard stated that the decision was made to decrease overhead costs. Ridyard said that while core projects like Flash Liquidity and MFA are…
Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year
[Aug 30, 2024 12:30 AM] As global economic uncertainty looms, Bitcoin (BTC) has experienced increased volatility and is struggling to maintain its footing above critical resistance levels lost over the past month. The largest cryptocurrency on the market remains in a…
U.S. House Committee Plans for Heap of Crypto Hearings in September
[Aug 29, 2024 9:48 PM] The U.S. House Financial Services Committee is poised to launch a series of crypto hearings digging into several aspects of the industry, including decentralized finance (DeFi), the Securities and Exchange Commission's oversight of digital assets…
Save WBTC: Threshold Network Proposes Sweeping Changes to Wrapped Bitcoin Custody
[Aug 29, 2024 7:30 PM] Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with Threshold’s decentralized system. This move comes in response to recent concerns within the…
Trump's New Crypto Business to Offer Access to 'High-Yield' Investments, Website Says
[Aug 29, 2024 7:08 PM] World Liberty Financial is "the only crypto DeFi platform supported by Donald J. Trump," according to homepage metadata.
Trump Keeps Teasing His New Crypto Project, but Details Remain Scant
[Aug 29, 2024 4:34 PM] The Trump family has for weeks loudly – but coyly – said they're getting into crypto. More information might finally be coming soon.
Trump Set to Share Bold Vision: Turning the US Into the ‘Crypto Capital of the Planet’
Aptos network integrates Nillion for privacy-preserving apps
[Aug 29, 2024 2:31 PM] Aptos will be able to support confidential DeFi, private AI assistants and more.
Lightning Network Protocol Stacks Completes Nakamoto Upgrade With Defi Features
[Aug 29, 2024 9:30 AM] The Bitcoin Lightning Network’s Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began in April 2024. This latest phase, delivered on August 28, 2024, introduces stronger transaction finality guarantees…
Solayer Secures $12 Million to Enhance Solana’s Restaking Capabilities
[Aug 29, 2024 4:30 AM] Solayer has raised $12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the Solana blockchain. The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging…
DeFi network Radix team cuts 15% of staff, citing need to ‘refocus’
[Aug 29, 2024 2:59 AM] Piers Ridyard, the CEO of RDX Works said the cuts are part of a “more comprehensive set of changes that need to be made.”
The Protocol: The Impact of Telegram CEO's Arrest on TON Blockchain
[Aug 28, 2024 6:00 PM] Blockchain analysts are reminding investors how closely the messaging app Telegram, whose just-arrested CEO Pavel Durov awaits a hearing in a French court, is intertwined with the fate of TON blockchain and its native cryptocurrency, toncoin. ALSO…
Crypto Is Now a Non-negotiable for Traditional Banks
[Aug 28, 2024 4:35 PM] Simple “engagement” isn’t enough. Banks need to start experimenting with tokenization and blockchain-powered settlement, or risk getting left behind, says Sygnum Bank’s Lucas Schweiger.
BNB Chain to grow stablecoin ecosystem with new cross-chain bridge
[Aug 28, 2024 12:00 PM] BNB Chain will also create a liquidity pool to allow transfers from other chains as part of its efforts to grow its stablecoin ecosystem.
Maker, now Sky’s, new stablecoin lashed over ‘freeze function’
[Aug 28, 2024 5:55 AM] The new USDS stablecoin from Maker, now Sky, has a freeze function which the project's founder claims won't be part of the token at launch.
8 Factors Pointing To Booming Crypto Prices In Next 3 Months, Predicts Market Expert
Maker, Now Rebranded to Sky, Draws Ire From DeFi Community on Controversial Stablecoin Change
[Aug 27, 2024 9:20 PM] MakerDAO co-founder Rune Christensen said the feature won't be live when the USDS token goes live and the old DAI token will remain in circulation unchanged.
Flare Network Integrates Polyhedra’s ZK Bridge for Enhanced Cross-Chain Security
[Aug 27, 2024 9:10 PM] Flare Network has integrated with Polyhedra’s ZK Bridge, allowing developers to build secure cross-chain applications. This collaboration leverages Layerzero’s interoperability while benefiting from the robust security of zero-knowledge proofs…