Tag: DeFi
For a future cryptocurrency initiative, Donald Trump Jr. shared the “Defiant Ones” Telegram channel
On Thursday, Donald Trump Jr. launched a Telegram channel, extending the Republican candidate Donald Trump’s sons’ teases over the former president’s foray into decentralized finance. Our cryptocurrency idea is the…
In Their Most Recent Investment Round, HTX Ventures Is Focused on Infrastructure, DeFi, and AI
The main investment trajectories for the first half of 2024 have been announced by HTX Ventures, the investment division of the international cryptocurrency exchange HTX. The business claims that the…
Switchboard’s New Oracle Aggregator Revolutionizes DeFi
Switchboard, a well-known oracle network with a reputation for having fully customisable and permissionless capabilities, has released an innovative Oracle Aggregator. Across several oracle networks, including well-known ones like Chainlink…
With its $2.75 million seed round, Liquidium hopes to provide Bitcoin an Aave-like experience
The lending platform Liquidium has become a prominent DeFi hub in the Bitcoin ecosystem by raising $2.75 million in a seed round. Among the investors in the round are Wise…
Coins.ph introduces PHPC Stablecoin on the Ronin Blockchain
The Philippine-based cryptocurrency exchange Coins.ph has launched PHPC, a stablecoin worth Philippine Pesos (PHP), on the well-liked gaming blockchain Ronin, which has a sizable daily active user base. This endeavor…
To upgrade Ethereum Layer-2 with Solana capabilities, Rome Protocol raises $9 million
In order to include modular services from the Solana network into Ethereum’s ecosystem, Rome Protocol has raised $9 million in a financing round. According to the protocol, a number of…
Morpho, the DeFi protocol, is the first L2 to deploy on Base
Although Morpho was first introduced on the Ethereum network, it is now active on Base in order to leverage the expanding DeFi ecosystem. With the help of the Morpho protocol,…
Curve Finance’s founder is liquidated as the price of the CRV token drops precipitously
Curve Finance founder Michael Egorov had his investments in on-chain loans canceled earlier on Thursday. The price of Curve DAO, the token associated with the decentralized exchange, has dropped by…
Commissioner Johnson of the CFTC makes AI recommendations while integrating DeFi
Kristin Johnson of the Commodity Futures Trading Commission put out suggestions to handle artificial intelligence in financial markets, including decentralized finance, including stiffer fines. During the Sidley Austin and Rutgers…
Velvet Capital, a DeFi protocol supported by Binance, experiences a front-end attack
Hackers may have attacked Velvet Capital, a decentralized finance (defi) protocol that functions as an asset management dashboard, by taking advantage of front-end website weaknesses. The team noted in an…
Base develops an altcoin-specific DeFi lending market powered by Seamless Protocol
On Base, a Layer 2 created by the cryptocurrency exchange Coinbase, the DeFi lending protocol Seamless has opened up a loan market for cryptocurrencies. The first two tokens to enter…
Hedgey Protocol Faces $44.7M Loss in Dual Cyber Attacks
Hedgey Protocol, a decentralized finance (DeFi) platform, has encountered a severe setback as it grapples with the aftermath of dual cyber attacks that have resulted in a substantial loss of…
Multichain to Wind up as Fantom Seeks Recovery of Missing or Frozen Assets
Fantom Foundation, a blockchain platform for decentralised finance has revealed on its blog that it intends to ask the court to dissolve Multichain Foundation in order to retrieve funds that…
Anticipating Significant Crypto Token Unlocks in February
As February progresses, the cryptocurrency market braces for a series of major token unlocks, injecting hundreds of millions of dollars into circulation. The first notable event is on Super Bowl…
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…
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…
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…
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…
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…