34 / 55 Relevant items tagged with #DEFI

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Thorswap Resumes Service With 12 Countries Blacklisted and New Partnership to Curb Illegal Transfers

[Oct 13, 2023 2:30 PM] On October 6, 2023, Thorswap halted its services temporarily. However, the platform recently declared its return to full operation with some notable modifications. An array of approximately twelve countries are now barred from utilizing Thorswap…

THORSwap, Used by FTX Exploiter, Resumes Trading After Updating Terms to Exclude U.S.-Sanctioned Countries

[Oct 13, 2023 9:11 AM] THORSwap, the exchange that paused its platform last Friday following a series of trades related to the FTX hack, resumed its services on Friday with updated terms and conditions relating to users in sanctioned countries.

Perpetual Trading Protocol GMX Bags Biggest Chunk of $40M Arbitrum Grant

[Oct 13, 2023 2:43 AM] Arbitrum projects will receive token grants that may help attract new money to the popular blockchain.

Defi Not a Risk to Financial Stability Yet, EU Securities Regulator Reports

[Oct 13, 2023 1:30 AM] Decentralized finance (defi) brings risks for investors but is yet to pose “meaningful risks” to financial stability, according to Europe’s securities watchdog. The agency believes, however, the phenomenon deserves attention in light of the EU’s�

Trader Loses $107,000 To MEV Bot Panic Selling Obscure Stablecoin

[Oct 12, 2023 8:00 PM] Lookonchain, a blockchain tracking platform, now reveals that one stablecoin holder lost over $100,000 after panic selling USDR, a stablecoin issued on the Polygon network, for zero USDC after it depegged on October 11. The stablecoin holder…

CFTC Files Lawsuit Against Voyager Digital And Former CEO For Fraud

[Oct 12, 2023 7:00 PM] The US Commodity Futures Trading Commission (CFTC) has taken legal action against Voyager Digital and its former CEO, Stephen Ehrlich.  The CFTC filed a complaint in the US District Court for the Southern District of New York, alleging fraud and…

Russian Attackers May Have Been Behind Hack of Sam Bankman-Fried’s FTX, Elliptic Says

[Oct 12, 2023 6:00 AM] Research firm Elliptic said some of the stolen funds appear to be linked to Russian cybercriminal groups, citing on-chain analysis.

Alameda Lost Nearly $200M to Phishing Attacks, Ex-Engineer Says

[Oct 12, 2023 12:39 AM] Lax security practices seemed to be a feature of the former crypto trading titan.

Decentralized finance yet to pose ‘meaningful risk’ to stability — EU regulator

[Oct 11, 2023 10:11 PM] The European Securities and Markets Authority argued that DeFi was still too small to pose any sizeable risks to overall financial stability, but should be monitored.

EU Markets Regulator Warns of DeFi’s ‘Serious Risks’

[Oct 11, 2023 7:11 AM] ESMA, responsible for rulemaking under the bloc’s landmark new crypto law MiCA, is worried about new forms of market manipulation when there’s no central counterparty

Grocery Chain Trader Joe’s Sues Unaffiliated Crypto Project That’s Using Its Name; JOE Token Sinks

[Oct 10, 2023 6:21 AM] Grocery chain Trader Joe’s alleged the Trader Joe exchange chose a similar name to benefit from the former’s popularity.

Real-World Asset Loan Worth $20M Sours on DeFi Platform Goldfinch, Bringing RWA Lending Under Scrutiny

[Oct 9, 2023 4:07 PM] The development follows the default of a $5 million loan on Goldfinch made to an African robotaxi company.

Backed Finance Tokenizes Treasury Bond ETF on Coinbase’s Base Network

[Oct 7, 2023 3:30 PM] Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi)…

Avalanche-Based Stars Arena Falls Victim To A $3 Million Exploit, TVL Tanks By 100%

[Oct 7, 2023 7:00 AM] Stars Arena, a decentralized social media platform built on the Avalanche network, has suffered a major security breach, resulting in the loss of a significant amount of cryptocurrency. This comes barely a day after the decentralized application…

Latest from Web3 gaming: Gaming Demo Day with Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox

[Oct 6, 2023 10:00 AM] Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox the second Gaming Demo Day to showcase seven new projects from the Web3 gaming space.

Bitcoin Holds Steady at $27.6K; Why Are XRP, AVAX Prices Pumping?

[Oct 5, 2023 2:50 AM] Ether fell 0.5%, Solana’s SOL fell 1.4%, while Cardano’s ADA and BNB Chain’s BNB traded flat.

Polygon co-founder steps down, will contribute 'from the sidelines'

[Oct 4, 2023 10:41 AM] Jaynti Kanani said he had stepped back “from the day-to-day grind” at Polygon roughly six months ago.

DeFi Project Yield Protocol to Wind Down by Year's End

[Oct 4, 2023 3:36 AM] At its peak in April 2022, Yield Protocol had over $22 million in total value locked, but this figure has since dwindled to around $2 million.

Lido, Coinbase, and Rocket Pool Corner 89% of Ethereum’s Booming $20 Billion Liquid Staking Market

[Oct 3, 2023 8:00 AM] Since 2020, applications for liquid staking on the Ethereum blockchain have seen steady growth, and as of the first week of October 2023, a total of 23 liquid staking derivatives (LSD) platforms hold 12.4 million ether, valued at over $20 billion…

Friend.Tech Users Targeted by SIM Swap Attack, Several Ether Drained

[Oct 3, 2023 5:41 AM] Users tie Friend.Tech accounts to real-world X profiles and phone numbers - which increases security risks.

The Leading 5 Defi Categories Overseeing Billions: An October 2023 Snapshot

[Oct 1, 2023 7:00 PM] As of October 1, 2023, $39.50 billion is nestled within decentralized finance (defi) platforms. Let’s dive into the top five categories, spotlighting the diverse array of defi protocols, the count of these applications, and the wealth they…

Millions in Ether Tied to FTX Account Drainer on The Move

[Sep 30, 2023 1:35 AM] FTX was hacked in November 2022, hours after the global crypto empire declared bankruptcy and its founder Sam Bankman-Fried stepped down from running the company.

Cosmos Has A Grand Plan For 2024: Will It Crush Ethereum?

[Sep 29, 2023 4:00 PM] Cosmos, a blockchain where developers can create custom chains that interconnect and communicate, has revealed its roadmap for 2024. According to an X post on September 25, the roadmap centers on increasing modularity, improving the developer…

Circle Rolls Out Open-Source Protocol to Help Build Tokenized Credit Markets

[Sep 29, 2023 7:00 AM] Perimeter Protocol, an open-source smart contract codebase dedicated to credit facilitation, is the first development of Circle Research.

Examining dYdX’s Path to Profitable DeFi

[Sep 28, 2023 9:28 AM]

Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi

[Sep 28, 2023 4:03 AM] The Bank for International Settlements alongside the central banks of France, Singapore and Switzerland tested out using wholesale CBDC to conduct cross border trading.

Protocols Must Deploy “Asymmetric Countermeasures” to Counter Code Vulnerability Exploiting Hackers — Spherex CEO

[Sep 28, 2023 2:30 AM] While both attackers and smart contract auditors are motivated to find vulnerabilities in code, according to Eyal Meron, the co-founder and CEO of Spherex, the former “is always more incentivized as the protocol’s total value locked…

Uniswap Foundation targets $62M in additional funding

[Sep 27, 2023 12:40 PM] The Foundation plans to issue $15 million per year in community grants to fund DeFi projects.

Ending the Staking Trade-Off Can Save DeFi Communities

[Sep 27, 2023 8:22 AM]

Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave

[Sep 27, 2023 6:05 AM] Curve founder Michael Egorov has deposited 68 million CRV tokens ($35 million) to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain.