38 / 50 Relevant items tagged with #DeFi

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Nevada FID Files Petition To Take Control Of Troubled Prime Trust

[Jun 27, 2023 5:30 PM] The Nevada Department of Business and Industry’s Financial Institutions Division (FID) has taken action against Prime Trust, LLC. This US-based financial institution specializes in custody and settlement services for digital assets.  The FID…

Chibi Finance Exit Scam: $1 Million Cryptocurrency Heist Rocks Defi Platform on Arbitrum

[Jun 27, 2023 4:00 PM] According to several reports, Chibi Finance, the decentralized finance (defi) platform built on top of Arbitrum, allegedly executed an exit scam on its users. Blockchain intelligence firm Peckshield provided a detailed account, revealing that…

Over $204M was lost in Q2 DeFi hacks and scams: Report

[Jun 27, 2023 12:00 PM] More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million.

Chibi Finance Rug Pulls Users for $1M, CHIBI Falls 98%

[Jun 27, 2023 6:10 AM] Over 555 stolen ether were swapped from Arbitrum from Ethereum, a security firm said.

3AC-Linked FLEX, OX Tokens Surge Despite Lack of New Holders

[Jun 27, 2023 5:38 AM] Less than 2,000 wallets hold OX tokens, a level that’s far below the average holders of tokens with similar market capitalizations.

Berlin: The Center for Decentralized Finance – and Techno Music

[Jun 27, 2023 5:30 AM] When the tech hub of Europe meets a society that prizes financial autonomy, the result is a crypto community that practices the very decentralization it preaches. Case in point: Blockchain Week Berlin, the flagship annual conference of the No. 10…

AAVE Up By 28% In 7 Days As DeFi Tokens Make A Comeback

[Jun 26, 2023 2:00 PM] AAVE, one of the most prominent DeFi tokens, is currently experiencing a market pump, gaining  28.33% in the last 7 days, according to CoinMarketCap data. Over the past week, most of the crypto market has seen a boost in prices following the…

Uniswap's Hayden Adams: Q&A on Weathering the Regulatory Storm, What’s Next for DeFi

[Jun 26, 2023 1:22 PM] After the recent release of a proposal for a new "v4" version of the decentralized exchange Uniswap, CoinDesk's Sam Kessler chats with Uniswap Labs CEO Hayden Adams about the case that DeFi is “here to stay” and his position that the U.S. “lags…

Uniswap Faces Backlash Over Business Source License Imposed On v4 Code

[Jun 22, 2023 1:30 PM] Uniswap, the top decentralized exchange (DEX) in the Decentralized Finance (DeFi) space, has come under fire from developers after imposing a Business Source License (BSL) on its v4 code.  According to a report by DL News, this move has restricted…

Web3 startups get security boost as CertiK joins Cointelegraph Accelerator

[Jun 22, 2023 5:00 AM] Blockchain security expert CertiK becomes a mentor for the Cointelegraph Accelerator program’s participants.

Raft’s R Stablecoin Surges as Traders Embrace Liquid Staking Ether Products

[Jun 21, 2023 2:07 PM] While Raft is centered around its R stablecoin backed by Lido’s stETH, the team has had ongoing conversations about introducing RAFT, an additional token intended to empower community members and help decentralize the protocol

MakerDAO Boosts U.S. Treasury Holdings by $700M to Back DAI Stablecoin With Real-World Assets

[Jun 21, 2023 9:39 AM] The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.

Struct Finance Rolls Out Customizable Interest Rate Product for DeFi Users

[Jun 21, 2023 9:00 AM] The product will allow for traders to invest with both low and high risk appetites.

Arpa Network Goes Live on Ethereum Mainnet

[Jun 21, 2023 4:18 AM] ARPA Network will also initiate the minting of the remaining 500 million arpa (ARPA) tokens that have been reserved for staking rewards out of its max supply.

Stablecoins, DeFi Likely to Be SEC’s Next Targets in U.S. Crypto Crackdown: Berenberg

[Jun 21, 2023 1:32 AM] If USD Coin is targeted by regulators, the impact on Coinbase revenue could be significant, the report said

TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins

[Jun 19, 2023 9:30 PM] Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of…

Crypto King Do Kwon Behind Bars: Sentenced To 4 Months In Montenegrin Jail

[Jun 19, 2023 12:00 PM] According to a Reuters report, Crypto entrepreneur Do Kwon, the former CEO of Terraform Labs, has been sentenced to four months in prison by a court in Montenegro for allegedly using forged passports.  Crypto Mogul Faces Jail Time For Passport…

Ethereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether

[Jun 19, 2023 6:19 AM] Low validator limits have led to waiting times of over one month, as of Monday.

France's Markets Regulator Backs Global Rules for DeFi

[Jun 19, 2023 4:11 AM] The AMF wants industry stakeholders to contribute to a discussion about its views on supervising DeFi, DAOs and associated risks.

Cointelegraph Accelerator welcomes Web3 venture builder GAMI as a strategic partner

[Jun 19, 2023 4:00 AM] GAMI, a Web3-focused Venture Builder, hosts a variety of products tailored to the web3 and blockchain world, with partners like Gerard Lopez, a globally renowned entrepreneur and investor.

Meme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a 'Scam'

[Jun 19, 2023 1:21 AM] Musk had previously engaged with the Bob token bot several times, aiding a value rise.

Defi TVL Holds Steady Above $42 Billion as Lido Finance Dominates With $12.69 Billion Locked

[Jun 18, 2023 10:30 AM] On June 18, 2023, the total value locked (TVL) in decentralized finance (defi) protocols has been rangebound and hovering at just above the $42 billion range. Presently, Lido Finance dominates the value locked in defi with $12.69 billion or 29.76%…

3 key Ethereum price metrics point to growing resistance at the $1,750 level

[Jun 16, 2023 1:30 PM] Ethereum price looks poised for additional downside as low as the $1,560 level.

DeFi Credit Protocol Concordia Raises $4M in Round Led by Tribe, Kraken Ventures

[Jun 16, 2023 10:21 AM] Concordia, now live in public testnet on Aptos, offers a multi-chain risk and collateral management platform for digital assets.

EigenLayer’s Restaking Smart Contracts Reach Max Limit on Same Day as Mainnet Launch, Pulling in $16M

[Jun 15, 2023 12:36 PM] Notable depositors into EigenLayer’s pools include one address that deployed the U.S.-sanctioned Tornado Cash money mixing tool and another address associated with Hassan Bassiri, former vice president of portfolio management at crypto hedge fund…

Aave's Decentralized Social Media Platform Lens Protocol Releases New Governance Model

[Jun 15, 2023 10:05 AM] Lens Improvement Proposals (LIPs), which is inspired by Ethereum and Aave, is an attempt to create a framework for developers, creators and users to participate and have a voice in the decision-making process of Len’s future development.

Wallet Linked to Curve Founder Repays $1.3M to Aave Amid CRV Token Decline

[Jun 15, 2023 6:53 AM] Lending protocol Aave DAO has already been recommended to “freeze” millions worth of CRV tokens.

Cross-Chain Bridge deBridge Launches App for Trading Without Liquidity Pools

[Jun 15, 2023 6:00 AM] The DLN app is now live with support for Ethereum, Arbitrum, Polygon, Fantom, BNB Chain, and Avalanche.

Hashflow assures users will be made 'whole' following $600K exploit

[Jun 14, 2023 11:10 PM] The trading platform has provided instructions for the recovery of funds lost through a contract approval vulnerability.

No Billion Crypto Users Without ‘Wallets That Work Like Modern Technology’ — Binance Head of Product

[Jun 14, 2023 2:30 AM] While the blockchain and decentralized finance are often touted as the future of finance, according to Binance’s head of product Mayur Kamat, more people will become comfortable using these when there are crypto “wallets that work like…