Tag: DeFi

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Platypus DeFi Platform Hit by $8.5M Flash Loan Attack with Unexpected Twist – Here’s What Happened

Decentralized finance (DeFi) protocol Platypus Finance has lost $8.5 million after suffering a flash-loan attack. However, with the help of some on-chain sleuths, the project managed to track down the hacker and even recover some funds. … Read More: Platypus DeFi Platform Hit by $8.5M Flash Loan Attack with Unexpected Twist – Here’s What Happened  Read more…
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Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade

A recent Binance report details the status of Ether staking and explores why the Shanghai upgrade may not result in the ETH sell pressure some traders have predicted. The upcoming Ethereum Shanghai hard fork is slated to occur in March 2023, and the upgrade will cap off the network’s move to proof-of-stake (PoS), which started during…
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Today in Crypto: ‘Fundamental Clash Between Regulations and Crypto’, Ethereum Devs Patch Testnet Bug, Bank of Japan Set to Launch CBDC Pilot in April

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: ‘Fundamental Clash Between Regulations and Crypto’, Ethereum Devs Patch Testnet Bug, Bank of Japan Set to Launch CBDC Pilot in April  Read more »Sign up for e-EUR –…
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Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse

Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido accounting…
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Today in Crypto: El Salvador’s Bitcoin Embassy in USA, Japanese Banking Giant Invests in Infinity, Kansas May Cap Election Donations in Crypto to $100

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: El Salvador’s Bitcoin Embassy in USA, Japanese Banking Giant Invests in Infinity, Kansas May Cap Election Donations in Crypto to $100  Read more »Sign up for e-EUR –…
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SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price

Traders are pivoting into decentralized solutions like GMX, LDO and MKR as the U.S. Securities and Exchange Commission cracks down on the crypto industry. The United States Securities and Exchange Commission (SEC) has started ramping up its crackdown on the crypto industry and recent enforcement actions had a negative impact on crypto prices last week…
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Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws. A bi-partisan Anti-Money Laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and decentralized autonomous organizations (DAOs) will soon be reintroduced to Congress, according to United States…
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SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool

Kraken has put an end to staking as a service, and Coinbase could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL? The United States Securities and Exchange Commission is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken…
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Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits

Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK. Aave Invites Programmers to Test GHO Before Mainnet Deployment On Thursday, Aave Companies…
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Here’s Why Cardano’s New Stablecoin Could Be a Game Changer

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