DeFi – Page 42 – Ƀitsell X

Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi Protocols’ Security, China Tightens Exports of Two Key Materials Used in Computer Chips

July 4, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi Protocols’ Security, China Tightens Exports of Two Key Materials Used in Computer Chips Read more…
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Report: Over $204 Million Lost to DeFi Hacks and Scams in Q2

July 3, 2023

More than $204 million was lost in various hacks and scams in the decentralized finance (DeFi) space during the second quarter of 2023, a new report by crypto portfolio app De.Fi has found. According to the report, the initial loss for the quarter was as high as $208.5 million before $4.5 million were recovered through…
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Poly Network urges users to withdraw after exploit affects 57 crypto assets

July 3, 2023

The Poly Network has been exploited again, this time due to compromised private keys, according to blockchain security firm Dedaub. Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, with a hacker being able to issue billions of tokens out of thin air for profit. In a…
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Liquid Staking Defi Platforms Now Secure Over 10 Million Ethereum Worth Close to $20B

July 2, 2023

Based on recent data, over ten million ethereum is now secured within liquid staking derivatives platforms, with a valuation close to $20 billion at current exchange rates. Two leading liquid staking decentralized finance (defi) protocols, Lido Finance, and Rocket Pool, experienced 30-day growth rates ranging from 7.57% to 9.69%. Ethereum’s Liquid Staking Derivatives Platforms Near…
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Today in Crypto: Mastercard to Start Testing Its Multi-Token Network This Summer, OKX’s Liquid Marketplace Exceeds $3BN in Trading Volume, Binance’s Institutional Clients Remain Optimistic on Crypto

July 1, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Mastercard to Start Testing Its Multi-Token Network This Summer, OKX’s Liquid Marketplace Exceeds $3BN in Trading Volume, Binance’s Institutional Clients Remain Optimistic on Crypto Read more »Sign up…
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Insider Trading Rampant in Crypto Market, According to Ex-Goldman Technologists

June 29, 2023

Insider trading is rampant before new ERC-20 tokens are listed on centralized exchanges (CEXs), according to blockchain intelligence firm Solidus Labs. In a report published on Wednesday, Solidus Labs said it found suspicious transactions ahead of major CEX listings of ERC-20 tokens in 56% of cases by looking at data going back to January of…
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Italy’s central bank calls for framework to prevent stablecoin runs

June 29, 2023

Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.” Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released “Markets, Infrastructures and Payment…
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Paradigm Co-founder Matt Huang Deems AI ‘Too Interesting to Ignore’ but Remains Devoted to Crypto

June 28, 2023

Matt Huang, co-founder of crypto-focused investment firm Paradigm, says he is still devoted to crypto even though artificial intelligence (AI) in his opinion is “too interesting to ignore.” “We’ve never been more excited about crypto and we continue to invest across all stages,” Huang said Tuesday on Twitter, while adding “We’re also a group of…
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Chibi Finance Exit Scam: $1 Million Cryptocurrency Heist Rocks Defi Platform on Arbitrum

June 27, 2023

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 approximately $1 million worth of cryptocurrency assets were illicitly withdrawn and converted into Ethereum. Chiba Finance Becomes 12th Defi Platform on…
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BlackRock Executive Stresses Importance of Knowing Counterparties in DeFi for Institutional Engagement

June 23, 2023

It is critical for financial institutions to know who they are trading with when using decentralized finance (DeFi) protocols, asset management giant BlackRock’s head of strategic partnerships, Joseph Chalom, has said. “The first issue is, who am I trading with? […] We go to jail, if we don’t know who we’re trading with,” Chalom told…
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Tag: DeFi