Tag: DeFi

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Hacker bungles DeFi exploit: Leaves stolen $1M in contract set to self destruct

A hacker apparently so thrilled by a successful theft left behind over $1 million in a smart contract that was set to destruct, permanently ensuring the crypto could never be moved. In a rare comedic bungle among DeFi exploits, an attacker has fumbled their heist at the finish line leaving behind over $1 million in…
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Metrics Show Decentralized Exchange Volumes Continue to Slide This Year

Decentralized exchange (dex) volumes have been dropping since December 2021 according to current statistics. However, last month dex trade volumes spiked 2.37% higher than the volumes recorded in February. Despite the brief spike and with only eight days left in April, metrics show this month’s dex volumes will likely be much lower than in March.…
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Thanks to DeFi, Ethereum Edges Out Bitcoin in Global Realized Crypto Gains

  Ethereum (ETH) edged out bitcoin (BTC) in a ranking of the top cryptoassets by realized gains in the world, with USD 76.3bn taken out in fiat profits last year, compared with USD 74.7bn in realized profits for bitcoin, according to blockchain intelligence firm Chainalysis…. Read More: Thanks to DeFi, Ethereum Edges Out Bitcoin in…
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Bitcoin Suisse adopts decentralized Liquity as lending product

The Swiss firm will conduct all interactions with the Liquity smart contract on its clients’ behalf but only a select few with over $500,000 on the platform will have access to the product. Bitcoin Suisse has begun offering decentralized finance (DeFi) services to its clients with the addition of the Liquity protocol to its product…
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$19.2 Billion in Staked Assets — Liquid Staking Solution Lido Set to Surpass Curve’s TVL

While the total value locked (TVL) in decentralized finance (defi) hovers just above the $214 billion mark, a defi protocol called Lido has been moving closer toward taking Curve’s top spot in terms of TVL in a defi protocol. Currently, the liquid staking solution Lido has $19.2 billion in staking assets derived from five different…
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Did Vitalik Buterin Sign Up For This Subsocial Web3 Feature?

Vitalik Buterin, the inventor of Ethereum, was one of the first users to sign up for the Subsocial’s Dotsama Domains. At least, someone registered the domain vitalik.web3 on the platform. Via their official Twitter handle, Subsocial welcomed Buterin as they celebrated a new milestone for the platform. Related Reading | Ethereum Founder Vitalik Buterin Welcomes Another…
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400 new projects and 100K new wallets in a month on Cardano

The number of ADA wallets has increased by 100,000 since March 22, with the total figure standing at 3.268 million as of April 19. Activity on the Cardano (ADA) blockchain is starting to heat up, with 400 new projects in the works, along with 100,000 new wallets being created over the past month. According to…
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IMF’s DeFi Governance Recommendations Include These Two Steps

  The International Monetary Fund (IMF) has proposed a series of measures aimed at regulating the decentralized finance (DeFi) sector. The body spelled out its preliminary recommendations in the latest chapter of its Global Financial Stability report, which is entitled “The Rapid Growth of Fintech: Vulnerabilities and Challenges for Financial Stability.”… Read More: IMF’s DeFi…
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First Australian Bitcoin ETF Comes to Cboe, 40 Crypto Players Send a Letter to EU + More News

  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: First Australian Bitcoin ETF Comes to Cboe, 40 Crypto Players Send a Letter to EU + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

SEC Faces Storm of Criticism from Crypto Sector, Lawmakers over ‘Exchange’ Re-definition Plans

  The United States Securities Exchange Commission (SEC) and its Chairman Gary Gensler have received a slew of letters from pressure groups and parliamentarians voicing their concerns about proposed amendments to the Exchange Act, established in the 1930s. The agency plans to expand the legal definition of what an exchange is…. Read More: SEC Faces…
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