Tag: DeFi
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…
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…
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…
How to participate in EigenLayer’s new airdrop in 3 easy steps
If you are someone who likes to explore new cryptocurrencies but does not want to make the effort of buying a token and then tracking its performance, airdrops can be…
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…
DeFi Lending Platform Sturdy Finance Falls Victim to Exploit, Losing Over $750K
DeFi lending platform Sturdy Finance has fallen victim to an exploit that resulted in the loss of 442 ETH, equivalent to approximately $768,800. The exploit was brought to light by…