Category: DeFi
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…
DigiFinex Unveils Innovative Visa Card for Seamless Global Crypto Spending
Unveiling Unmatched Convenience and Freedom for Digital Purchases DigiFinex, a pioneering name in the cryptocurrency realm, has pulled back the curtains on its game-changing innovation, the DigiFinex Visa Card. This…
dYdX Community starts Voting on Wintermute’s Governance Proposal to Upgrade to V4
The dYdX community is swept with excitement as it engages itself in a crucial governance vote regarding the protocol’s future. As per the recent development the community is voting on…
Investors Sue Atomic Wallet for Inadequate Security Measures Leading to a Loss of Around $100 Million
The cryptocurrency market often finds itself amidst legal conflicts and a victim in the hands of the hacker. The most recent news on Atomic Wallet is one such example. A…
Celsius gets the nod to hold a vote for asset sale plan
Crypto lender Celsius, which filed for bankruptcy in July 2022, will be putting in a proposal to sell its assets to the Fahrenheit consortium to vote for its creditors. The…
Friend.tech clocks $1 million in fees in 24 hours
Crypto social media network Friend.tech created quite a stir after it earned more than $1 million in fees in a 24-hour period on August 19, 2023. With the move, Friend.tech…
Zunami Protocol Becomes the Hacker’s New Target With an Estimated Loss of Around $2 Million
In the recent setback to the world of decentralized finance (DeFi), Zunami Protocol fell victim to a major hack on the 13th of August. The attack led to a loss…
Chibi Finance executes $1-million rug pull, CHIBI token heads south
Chibi Finance has been accused of leaving its token holders high and dry by executing a rug pull worth $1 million. As per reports, the Chibi Fiance team is allegedly…
Optimism Network Transactions Surge 67% Following Bedrock Upgrade, Unleashing the Power of Layer 2
In a remarkable development for the Ethereum ecosystem, the Optimism layer-2 network has witnessed an astounding surge of 67% in transactions following its highly anticipated June 7 “Bedrock” upgrade. Blockchain…
10 hidden crypto gems to potentially help you score big gains
Not a fan of plain vanilla crypto investments? You’re in luck because we are living at a time when the international cryptocurrency market is buzzing with next-generation decentralized finance platforms…
Navigating DeFi Risks: $21 Million Lost in Hacking Attacks on Platforms
The month of February proved to be a challenging period for decentralized finance (DeFi) platforms, as a series of hacking incidents resulted in losses exceeding $21 million. DeFiLlama, a reputable…