10 / 14 Relevant items tagged with #DecentralizedFinance
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Defi Platform Levana Protocol Says $1.14 Million Was Lost During an ‘Oracle Attack’
[Dec 29, 2023 6:30 AM] The decentralized finance platform Levana Protocol confirmed on Dec. 27 that unknown attackers had drained approximately $1.14 million from the liquidity pool. The Levana team however insisted that the issue has “been fixed and opening…
Kyberswap Exploit Fallout: Platform’s Workforce Cut by 50%
[Dec 28, 2023 2:30 AM] The CEO of Kyberswap, the decentralized finance aggregator, revealed on Christmas Day that the platform recently laid off 50% of its workforce. The CEO added his organization is in the process of creating a voluntary database that is expected to…
Securities Regulators’ Association Calls for the Identification of Individuals Who Exercise Control Over Defi Platforms
[Dec 27, 2023 6:30 AM] The International Organization of Securities Commissions (IOSCO) has urged regulators seeking to understand decentralized finance (defi) arrangements to identify individuals who “exercise control or sufficient influence at the enterprise…
Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
[Dec 26, 2023 9:30 AM] On April 3, 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). By the start of January 2023, this amount declined to $38.30 billion. Concurrently, in April 2022, the leading defi tokens by market…
Zero Knowledge Rollups as a Service Hasten the ‘Implementation of Secure and Scalable Networks’ — Alvaro Fernandez
[Dec 7, 2023 6:30 AM] Alvaro Fernandez, the Chief Operations Officer (COO) at Lumoz, has stated that while zero-knowledge rollups have demonstrated exceptional security and scalability, the technology is still not user-friendly. To address this issue, networks should…
DeFi Market Rebounds to $50B as Speculators Hunt for Yield
[Dec 5, 2023 4:46 AM] The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday, the most in six months.
Blast Surpasses Cardano And Base – Here’s How Much DeFi Investors Have Locked
[Nov 27, 2023 8:00 AM] Blast is the latest Layer 2 network to burst into the scene in the last week and has taken the decentralized finance (DeFi) world by storm already. This network which seemingly came out of nowhere has backing from Paradigm, and as its popularity…
KyberSwap Offers 10% Bounty to Attacker Who Made Off With $50M
[Nov 24, 2023 3:06 AM] The attacker had said negotiations would start when they are "fully rested," and hasn't been heard from since.
Blockchain Startup Kinto Plans 'First KYC'd' Ethereum Layer-2 Network After Raising $5M
[Nov 15, 2023 6:00 AM] The Kinto network, built with the Optimism's OP Stack, features native know-your-customer (KYC) checks and investor accreditation mechanism to help onboard regulated financial institutions.
Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
[Nov 14, 2023 5:06 AM] Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols.
Aave V2 Ethereum Market and Several Assets Paused — Team Says ‘No Funds Are at Risk’
Study: Stablecoin Activity the Highest in Q3 of 2023 With Approximately 400K Daily Active Addresses
DeFi Market Recovers From 30-Month Low as Volume Hits Highest Point Since March
[Oct 30, 2023 6:10 AM] The total value of all assets locked on decentralized finance (DeFi) protocols has surged to a three-month high of $42 billion after being at its lowest point since February 2021 just two weeks ago.
Dydx Chain Unveils Network Fee Distribution and USDC Trading Fee Allocation
[Oct 27, 2023 1:30 PM] The Dydx chain, a proof-of-stake blockchain network, has successfully launched its mainnet and introduced dydx as its layer one (L1) token. On October 26, at 1 p.m. EDT, the network’s validators created the first block, signifying the start of a…
Value Locked in Defi Surpasses $40 Billion, Marking a Significant Recovery
[Oct 26, 2023 4:00 PM] Amid the recent gains in the crypto economy, the total value locked, or TVL, in decentralized finance, or defi protocols, has risen above the $40 billion threshold. This is after remaining below that level since mid-August. The top 100 defi coins…
10 Decentralized Finance Protocols Rule Over 52% of the WBTC in Circulation
[Oct 22, 2023 5:30 PM] Over the span of ten months, since mid-December 2022, the cryptocurrency known as wrapped bitcoin (WBTC) experienced a reduction of nearly 23,000 coins from its circulation. Today, WBTC has 79,839 distinct wallet holders. Notably, a hefty 73.76% of…
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…
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
Smart Contract Automation Helps Dapps Maintain Data Integrity Without Relying on External Databases — Pavel Salas
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…
Non-Regulation of Web3 Space Making ‘Mainstream Adoption Harder’ Says AGG’s Jack Vinijtrongjit
[Sep 29, 2023 2:00 AM] According to Jack Vinijtrongjit, the co-founder and CEO of the Web3 infrastructure company AAG, more prospective users will be drawn to decentralized finance (defi) and non-fungible tokens (NFTs) if tools that help them avoid falling prey to…
Decentralized Exchange Mixin Kernel Confirms Hack on Its Platform Involving Approximately $200M
[Sep 25, 2023 6:30 AM] Mixin Kernel confirmed on Sept. 25 that it was the victim of a hacking attack which had resulted in the loss of assets on the mainnet. The decentralized exchange said it has since suspended deposit and withdrawal services and only expects to…
Liquid-Staking Token-Backed Stablecoin MKUSD Surges 27,000% in Under a Month
Client Demand and ‘Negative Events’ Pushing Tradfi Institutions Towards Crypto — Bitrue Chief Strategy Officer
[Sep 23, 2023 3:00 AM] Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The…
Decentralized finance needs alternatives to blockchain
[Sep 18, 2023 8:54 AM] Critics often overlook the inconvenient fact that “decentralized” blockchains in fact depend on centralized points of failure that have the potential to corrupt entire ecosystems.
Dex Trade Volumes Plunge 37% Since May; September Volumes Could Be Even Lower
[Sep 18, 2023 8:00 AM] After capturing $66.5 billion in May, decentralized exchange (dex) trade volumes have fallen for four consecutive months, with August statistics reaching a 2023 low of $41.7 billion. Metrics for the first half of September do not show improvement…
Defining Oracles: Enablers of the Decentralized Finance World
[Sep 13, 2023 2:30 AM] Oracles are entities that enable various functions in blockchain structures by providing access to legacy or offchain information systems, acting as data ports for decentralized finance applications. These oracles act as information providers for…
What Are Smart Contracts? Unpacking Today’s Digital Agreements
[Sep 10, 2023 12:00 AM] In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do they…
CFTC Cracks Down on 3 Defi Platforms for Offering Illegal Derivatives
[Sep 9, 2023 4:30 AM] The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of…