Category: DeFi
Solana’s Jupiter DEX Surpasses Uniswap in Trading Volume: A Paradigm Shift in DeFi Dynamics
In a groundbreaking turn of events in the decentralized finance (DeFi) landscape, Solana’s Jupiter-based decentralized exchange (DEX) has emerged as a formidable competitor, outperforming Ethereum’s leading DEX, Uniswap, in a…
Kiln Secures $17 Million for Global Expansion, Sets Sights on Asia-Pacific Growth
Ethereum staking platform Kiln has successfully concluded a $17 million funding round, signaling a pivotal moment in the company’s trajectory. Led by 1kx and featuring significant contributions from IOSG, Crypto.com,…
Navigating DeFi Challenges: Gamma Strategies and KyberSwap Address Exploits
In a recent development, PeckShield, a blockchain investigator, has flagged a potential financial loss of nearly $500,000 due to an exploit in the decentralized finance (DeFi) protocol Gamma Strategies. This…
Revving Up: Stake Secures Naming Rights for Sauber’s F1 Car in Multi-Year Endeavor
In a significant leap into the fast-paced world of Formula 1, cryptocurrency betting and casino platform Stake has clinched the naming rights for Sauber’s Formula 1 car for the upcoming…
Orbit Chain Cyberattack: Hackers Convert Stolen Funds to Ethereum, Garner $1.45 Million in Profits
In a sophisticated cyberattack, perpetrators behind the recent Orbit Chain exploit managed to convert their loot into Ethereum (ETH), reaping an additional $1.45 million in unrealized profits amid a 4.7%…
Celsius Network’s Bold Move: Court Approval Secured for Bitcoin Mining
In a significant development, the US Bankruptcy Court for the Southern District of New York has granted approval for Celsius Network’s restructuring plans, marking a pivotal moment in the Chapter…
Crypto Bytes: Top 10 Breaking News from Cryptoverse
Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an…
OKX CEO Weighs Listing Decisions Amid BRC-20 Surge
The CEO of cryptocurrency exchange OKX, Jay Hao, has shared insights on the pressure he’s facing to list more Bitcoin (BTC) ordinals, as the total market cap of BRC-20 tokens…
PancakeSwap’s CAKE Token Surges 20% Following Strategic Supply Cut
PancakeSwap’s native token, CAKE, has experienced a notable 20% surge in value after the decentralized exchange’s team proposed a reduction in the token’s maximum supply. The move, aimed at transitioning…
IOSCO Issues DeFi Policy Recommendations: Navigating Regulatory Responsibilities in the DAO Landscape
In a move to address the evolving landscape of decentralized finance (DeFi), the International Organization of Securities Commissions (IOSCO), the global standards setter for securities markets regulation, has released comprehensive…
Noob’s Guide to Liquidity Mining and Yield Farming
Any method that locks in cryptocurrency assets to generate passive revenue is known as yield farming and is measured in terms of APY (annual percentage yield) or sometimes known as…
Ethereum Layer-2 Network Breaks Through $800 Million TVL Mark
DefiLlama statistics show that in the short time since its launch, the Ethereum Layer-2 network Blast has hit a new Total Value Locked (TVL) milestone. Blast is a layer 2 solution…
Proof of Stake and how Staking can become a passive source of income for hodlers
The consensus method known as Proof-of-Stake (PoS) replaced Proof-of-Work (PoW) which is a more energy-intensive process. PoW is the method by which new coins are mined in Bitcoin. While PoW…
Current Bottlenecks in Mainstream Adoption of Decentralised Exchanges (DEXs)
Given the hazy regulatory landscape, DEXs ought to have gained greater traction than CEXs because they allow the end user more control. Customers’ preference to use CEXs has not changed…
Types of Cryptocurrency Staking and how you can use it to earn passive income
The process by which a distributed blockchain network comes to a consensus on the record of transactions that have occurred is a basic component of all blockchain networks. Bitcoin and…
Economic Risk Ratings Are Necessary for DeFi to Make Better Decisions
In the process of evaluating risks, technological vulnerabilities frequently take precedence in DeFi. Though equally crucial, economic risk is frequently disregarded. Probably one of the most important components of traditional…
PancakeSwap Collaborates with Transak to Enable Fiat Onboarding on Multiple Networks
As the cryptocurrency market continues to evolve, accessibility and ease of use are of prime importance. In light of this, the decentralized exchange (DEX) platform, PancakeSwap, known for its multi-chain…
Zodia Custody to now offer yield on crypto holdings
Leading institutional crypto custodian Zodia Custody announced that it will soon start offering its clients yield on their cryptocurrency holdings. The firm, which is backed by multinational investment bank Standard…
Grayscale urges SEC to speed up approval for Bitcoin ETF
Crypto asset manager Grayscale Investments wrote to the US Securities and Exchange Commission to speed up the process of approval for its proposed Bitcoin spot exchange-traded fund (ETF). Grayscale Investment’s…
Velodrome Finance unveils Base-powered DeFi exchange ‘Aerodrome’
Leading exchange protocol Velodrome Finance has rolled out a new forked decentralized exchange Aerodrome which is powered by Base – Coinbase’s Layer 2 blockchain. The protocol is gearing up for…