36 / 50 Relevant items tagged with #DeFi

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Compound (COMP) Bulls Strengthen Market Control With 13% Rally

[Jul 26, 2023 12:00 PM] COMP, THE native token of Compound Finance, has seen its market price rise significantly on Wednesday, emerging as the top gainer of the day. According to data from CoinMarketCap, COMP is up by 13.24% in the last 24 hours as the bulls increase…

Italy’s Central Bank Taps Polygon, Fireblocks DeFi Project to Help Institutions Dabble With Tokenized Assets

[Jul 26, 2023 8:00 AM] The initiative aims to help Italian banks, asset managers and financial institutions, including the $1 trillion banking group Intesa Sanpaolo, experiment with decentralized finance and security tokens.

DeFi Daily Volume Dwindles to 7-Month Lows as Sector Endures Downswing

[Jul 26, 2023 6:46 AM] The decentralized finance (DeFi) sector has endured a turbulent month, as transaction volume plummeting alongside a series of hacks and exploits.

DeFi Headed Toward a ‘Major Resurgence,’ Tribe Capital’s Boris Revsin Says

[Jul 25, 2023 11:27 AM] The managing partner of the $1.6 billion investment firm says infrastructure is the key to turning crypto into a $10 trillion industry.

ZkSync's Largest Lender Struck by $3.4M Exploit

[Jul 25, 2023 7:34 AM] EraLend, the largest lending protocol on Ethereum scaling blockchain zkSync, has been hit by a $3.4 million reentrancy attack, according to blockchain security firm CertiK.

Elon Musk Rebrands Twitter to X, Spurring Scores of Wannabe Tokens

[Jul 24, 2023 2:11 AM] One token zoomed 1,200% even though its related project closed in May, data shows.

DeFi Project Parrot Puts Fate of Over $70M Treasury, PRT Token, to Vote

[Jul 21, 2023 12:15 PM] Polly wants a bailout?

Crypto Liquidity Network Paradigm Leans Into DeFi With StarkWare

[Jul 21, 2023 9:24 AM] The new Paradex decentralized perpetuals platform is backed by the recent appchain technology from StarkWare.

DeFi Protocol Conic Finance Hacked for 1,700 Ether

[Jul 21, 2023 8:04 AM]

Africa-Focused DeFi Platform Mara Releases Ethereum-Compatible Testnet

[Jul 21, 2023 5:35 AM] Developers in Nigeria and across Africa can build and test their decentralized applications on the Optimism forked Mara Chain.

U.S. House Republicans Introduce Crypto Oversight Bill With Changes From June Draft

[Jul 20, 2023 3:55 PM] The bill looks to set out clear rules for the digital assets ecosystem.

Binance Labs Invests $10M in DeFi Lender Radiant, RDNT Jumps 10%

[Jul 20, 2023 7:00 AM] The protocol was built on the architecture of LayerZero, which raised $120 million at a $3 billion valuation earlier this year.

Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly

[Jul 19, 2023 10:53 AM] Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD.

New U.S. Senate Bill Wants to Regulate DeFi Like a Bank

[Jul 19, 2023 8:02 AM] A new bill from Sen. Jack Reed would impose strict requirements on DeFi protocols under the guise of national security.

Ethereum ICO Participant Transfers $116M ETH After 8 Years of Dormancy

[Jul 19, 2023 1:30 AM] Ether posted nominal gains in the past 24 hours alongside the broader market.

Decentralized Finance Sector Consolidates as $44B TVL Fails to Break $50B Barrier

[Jul 17, 2023 6:00 PM] As of July 17, 2023, the decentralized finance (defi) sector has been witnessing a great deal of consolidation with total value locked (TVL) figures standing at $44.19 billion. Throughout most of the year in 2023, except for a brief period of seven…

Aave Launches GHO Stablecoin on Ethereum Network

[Jul 17, 2023 1:30 PM] Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3)…

zkSync Unveils Boojum Upgrade: The Ultimate Solution For Scalability And Security?

[Jul 17, 2023 10:30 AM] zkSync, a blockchain network that aims to make digital self-ownership universally accessible, has announced a major cryptographic upgrade to its proof system.  The upgrade involves transitioning to a new STARK-based proof system called Boojum…

Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months

[Jul 15, 2023 7:00 AM] Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms…

DeFi Lender MarginFi Fuels Growth With Loyalty Points, Spurring Talk of ‘Solana Renaissance’

[Jul 14, 2023 1:36 PM] MarginFi has doubled its user base in two weeks after unveiling a loyalty points program that some believe will lead to a token airdrop.

Sidechains Can Provide ‘Scalability and Flexibility Needed for Real-World Applications’ — Horizen Labs CEO

[Jul 14, 2023 3:30 AM] All-in-one infrastructure solutions may be what is needed to drive the adoption of Web3, but such solutions might turn out to be complex and not as flexible, Rob Viglione, the co-founder and CEO at Horizen Labs, has argued. In addition, Viglione…

Polygon Proposes Token Switch From MATIC to POL for More Utility

[Jul 13, 2023 3:30 AM] If approved by the community, POL will work as a multipurpose token that can be used to validate multiple Polygon-based networks.

Stader Labs Debuts Ether Staking Product With 6% Yield

[Jul 13, 2023 1:24 AM] Node operators can begin staking with just 4 ether on Stader compared to the currently required 32 ether.

BNB Chain to Tackle Blockchain Exploit Risks in Major July Hard Fork

[Jul 13, 2023 12:18 AM] The upgrade will push security measures immediately on the occasion of a blockchain exploit to safeguard user assets.

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi

[Jul 12, 2023 5:00 AM] The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the…

Crypto Thief Busted: DOJ Files Charges Against 25-Year-Old For OpenSea NFT Heist

[Jul 11, 2023 8:00 PM] The United States Department of Justice (DOJ) announced on July 10 the unsealing of a four-count indictment against Soufiane Oulahyane for a scheme to impersonate the OpenSea marketplace to obtain unauthorized access to cryptocurrency and…

Cross-Chain Protocol Axelar to Develop Web3 Services With Microsoft Azure

[Jul 11, 2023 7:00 AM] Axelar said further plans with Microsoft include connecting private and public blockchains that use OpenAI services to create Web3 products.

Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum

[Jul 11, 2023 5:13 AM] GHO has been in the works for over a year and was issued on a testnet earlier this year.

DeFi Protocol Holding 55% of Algorand Value to Shut Down

[Jul 11, 2023 4:42 AM] Algofi, the largest decentralized finance protocol on layer-1 blockchain Algorand, said it will shut down and plans to halt lending, borrowing and trading imminently.

PancakeSwap And Google Cloud Join Forces: Altcoin Price Rises

[Jul 10, 2023 2:00 PM] PancakeSwap (CAKE), a decentralized trading platform, has partnered with Google Cloud to ensure the availability and reliability of its infrastructure.  As the demand for decentralized finance (DeFi) grows, PancakeSwap aims to offer users a…