Tag: DeFi

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Hodlnaut & Swyftx Lay Off Staff, USD 9M Carried Out in eNaira, MTV’s ‘Best Metaverse Performance’, Crypto Green and Red Regulatory Lights + More News

August 19, 2022

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: Hodlnaut & Swyftx Lay Off Staff, USD 9M Carried Out in eNaira, MTV’s ‘Best Metaverse Performance’, Crypto Green and Red Regulatory Lights + More News  Read more »Sign up for e-EUR…
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Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours

August 19, 2022

The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion,…
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Crypto Hacking, Theft Rise This Year While Scams, Darknet Markets Retreat – Chainalysis

August 17, 2022

Some forms of cryptocurrency-based crime, including hacking and theft of funds, have so far increased in occurrence this year, but others, related to scams and darknet markets, have declined more than the market overall, according to a recent report by blockchain analysis company Chainalysis…. Read More: Crypto Hacking, Theft Rise This Year While Scams, Darknet…
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What is CeDeFi, and why does it matter?

August 17, 2022

CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of use. What are the disadvantages of CeDeFi? Currently, CeDeFi’s main downside is the high learning curve associated with its protocols because of their complexity. The concept is still young, and more intuitive and user-friendly interfaces…
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EOS price jumps 20% for biggest gain in 15 months — What’s fueling the uptrend?

August 17, 2022

EOS attempts to become a fully decentralized network following a key hard fork in September. EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021. Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like Bitcoin (BTC)…
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BitGo Lawyers Up, Hodlnaut Files for Protection, XP Launches Trading Platform, Ripple’s and SBI Remit’s New Project, No-Deals + More News

August 16, 2022

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: BitGo Lawyers Up, Hodlnaut Files for Protection, XP Launches Trading Platform, Ripple’s and SBI Remit’s New Project, No-Deals + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Hack Summer Continues with Acala Becoming the 4th Victim in August, ‘We’ll See More Attacks’

August 15, 2022

A scorching hot decentralized finance (DeFi) hack summer continues, with the latest in a string of at least eight protocols to fall victim to an exploit since early June being Acala Network – and it is at least the fourth one in August alone. … Read More: Hack Summer Continues with Acala Becoming the 4th Victim in…
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What DeFi Offers Beyond Lending for Crypto Speculation

August 14, 2022

DeFi advocates claim that his nascent industry will continue to grow and, ultimately, make good on its promises. “By removing the need to rely on intermediaries, DeFi makes traditional banking services far more accessible.” Leading DeFi protocols are now seeking exposure to real-world assets. DeFi “has passed the threshold of speculation and investment.”____… Read More:…
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Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack

August 13, 2022

Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9. Binance Boss Says Exchange Froze 83% of the Curve Finance Hack Funds, Domain Provider Says Exploit Was DNS…
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Binance Chief Says Exchange ‘Froze/Recovered 83%+ of Curve Stolen Funds’

August 12, 2022

Major crypto exchange Binance said it has frozen or recovered more than 83% of the Curve Finance (CRV) stolen funds. According to the exchange’s CEO, Changpeng ‘CZ’ Zhao, “Binance froze/recovered [USD] 450k of the Curve stolen funds, representing 83%+ of the hack. We are working with LE to return the funds to the users.”… Read…
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