Tag: DeFi

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Defi Can Strengthen the United States’ Leadership in Tech and Financial Services, CFTC Report Says

January 9, 2024

Decentralized finance projects and their respective ecosystems potentially offer both promising opportunities and risks to the U.S. financial system, a Commodities Futures Trading Commission (CFTC) study has found. The CFTC study report recommends conducting a gap analysis against current capabilities and capacity and addressing critical gaps with more funding, personnel, and tools. Decentralized Finance Can…
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Tunisian Universities’ Hackathons to Boost Understanding of Distributed Ledger Technology

January 9, 2024

Two Tunisian universities working in collaboration with the blockchain company Dar Blockchain and the Hashgraph Association are set to hold three-day hackathons. Hackathon participants are set to learn how decentralized finance (defi) can help revolutionize and make financial services widely available to Tunisian and African communities. Driving the Youth’s Adoption of Web3 Two Tunisian universities,…
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Maker Takes The Spotlight With 34% Gain – Can MKR Hold This Position? 

January 9, 2024

Maker is making waves as it enters Coingecko’s top gainers list this week with massive bullish pressure on the market. MKR is up nearly 34% in the bi-weekly timeframe, but long-term investors are enjoying bigger rewards as the token is up 205% year-to-date, and currently trading a little above $1,800. The market started the year…
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How To Bridge And Trade On The Injective (INJ) Network

January 7, 2024

Injective is a blockchain designed specifically for finance. It is an interoperable and environmentally-friendly layer 1 blockchain that supports advanced DeFi applications, including crypto trading dApps, like spot and derivative exchanges, and lending protocols. That being said, in the fast-paced world of cryptocurrency, the Injective Network has emerged as a trailblazing force, revolutionizing the landscape…
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Gamma Heist — Over $3M in Digital Assets Drained, 1,000 ETH Moved to Tornado Cash

January 6, 2024

On Jan. 4, the decentralized finance protocol Gamma Strategies was a victim of a hacking attack which saw criminals make off with digital assets worth over $3 million. To pre-empt further attacks, Gamma Strategies said it has shut off all deposits on any of its “public-facing vaults.” Hacker Transfers 1,000 Ethereum to Crypto Tumbler Tornado…
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Decentralized Exchanges Near Trillion-Dollar Milestone: A Year of Record Volumes

January 5, 2024

Per data analysis, decentralized exchange (dex) platforms nearly reached a trillion dollars in trading volume, posting $960.69 billion over the past year. Moreover, dex activity in December exceeded the previous 2023 high of $132.26 billion, concluding the month with $135.86 billion in finalized swaps. Dex Platforms Rise to Near Trillion-Dollar Trading Volume in 2023 In…
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Arbitrum Is Trending On Social Media, Time For ARB To Rip Higher?

January 5, 2024

There is an upswing in social media mention of ARB, the native token of Arbitrum, a layer-2 scaling solution for Ethereum, suggesting growing interest and potential for price gains. According to AlphaScan data on January 4, ARB had the “best sentiment” in the last 24 hours, with more than 40% of all weekly mentions occurring within…
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Thorchain Dominates Cross-Chain Trading Volume: What’s Next for RUNE?

January 5, 2024

Thorchain, a cross-chain liquidity network, has emerged as a frontrunner in cross-chain transfers, surpassing its competitors in volume and transaction activity, on-chain data shows.  Thorchain Trading Volume Expands As Prominence Increases Citing Galaxy Research data, a user on X, Bullion, noted that Thorchain processed $4.82 billion in cross-chain transactions over the past 30 days, while Cosmos’ Inter-Blockchain…
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Defi Platform Radiant Capital Loses Digital Assets Worth $4.5 Million After Flash Loan Attack

January 4, 2024

Radiant Capital, a decentralized finance (defi) platform, confirmed on Jan. 3, 2023, that it fell victim to an attack which saw the “protocol accruing bad debt in the WETH market, totaling about 1.3% of total protocol TVL” or $4.5 million. Radiant Capital has urged the hackers to establish contact with the defi platform before law…
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Orbit Chain Hacker Swaps Stolen USDT for ETH, Rakes in $1.45 Million Profits

January 2, 2024

Source: Pixabay The attackers behind the recent Orbit Chain exploit successfully converted their ill-gotten gains into Ethereum (ETH), amassing an additional $1.45 million in unrealized profits amidst a 4.7% surge in ETH prices over the past 24 hours. After stealing ~$81.6M in various assets from @Orbit_Chain, the exploiter swapped 30M $USDT and 230.9 $WBTC to…
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