Defi Financial News

06.10 / 20:25

Blockchain defi Polygon lending DAO Yield Curve Exploit September sets 2023 exploit record, and DAOs can democratize science: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

06.10 / 18:39

Blockchain NFT defi Web3 Gaming GameFi Latest from Web3 gaming: Gaming Demo Day with Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox

Web3 gaming has become one of the hottest trends in the tech world, and not without a good reason. Using blockchain technology to give more control to gamers turned out to be a fascinating idea and catapulted Web3 gaming to the main stage of Web3 space.

06.10 / 18:39

defi Hackers hacks Web3 Scams Decentralization Galxe protocol experiences DNS attack, losses top $150K and still growing

The website of Web3 community platform Galxe was offline for about an hour on Oct. 6. Galxe reported on X (formerly Twitter) that its website was down at 14:44 UTC, confirming 40 minutes later that it had experienced a security breach affecting its Domain Name System (DNS) record. It warned against visiting the domain until the situation was remedied.

05.10 / 12:35

Blockchain Adoption defi Polygon MasterCard Wirex zk Wirex taps ZK-proofs for non-custodial crypto debit card issuance

Crypto payment service provider Wirex announced the launch of a zero-knowledge proofs-based non-custodial crypto debit card service called W-Pay.

05.10 / 12:01

Blockchain defi FTX FTX Token Bitcoin Sam Sam Bankman-Fried inner circle to testify today

A young entrepreneur who made mistakes while running a crypto empire or a liar who stole and used people’s money to enrich himself? In the first hours of Sam “SBF” Bankman-Fried’s six-week trial, that was the tone between his defense counsel and the prosecution.

04.10 / 18:03

Blockchain Adoption NFT defi DAO Science DAOs can help scientists find funding and community, says Nature science journal

The Nature science journal recently published an editorial in its Nature Bioscience section lauding the use of decentralized autonomous organizations (DAOs) as a revolutionary new method by which researchers working in underfunded scientific fields can create communities around their work and raise funding which, otherwise, might not be available.

04.10 / 16:49

Blockchain defi Polygon Software Polygon co-founder steps down, will contribute 'from the sidelines'

Jaynti Kanani, the co-founder of Polygon, announced that he has stepped back “from the day-to-day grind” on the project for the first time in six years.

04.10 / 16:36

business defi Yield Curve Yield Protocol to permanently ‘wind down’ operations by December 2023

Decentralized finance (DeFi) lending protocol Yield Protocol announced its decision to shut down by the end of the year due to a lack of business demand and global regulatory pressures.

03.10 / 19:57

Blockchain Ethereum defi Cybersecurity security Scams Q3 Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi

Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents. But in Q3 2023, this number swelled to 76. Nearly $686 million was lost in the recent quarter.

03.10 / 17:51

Blockchain Adoption defi DEX Cosmos network Ecosystem developers bring Bitcoin to Cosmos network

Osmosis, the largest decentralized exchange (DEX) on Cosmos, will be bringing Bitcoin (BTC) to the namesake inter-blockchain communications (IBC) protocol together with Nomic and Kujira.

03.10 / 16:11

Blockchain Ethereum defi Scalability layer2 BaSe network Optimism network launches testnet fault-proof system in pursuit of decentralization

OP Labs, the developer of the Optimism network, launched a testnet version of its fault-proof system, according to an Oct. 3 blog post. Once it completes testing, it will allow for “a more decentralized and efficient Superchain,” the post stated. The new system is currently deployed to the Optimism Goerli network.

03.10 / 14:15

Blockchain Stablecoin Adoption defi UAE dirham stablecoin DRAM launches on Uniswap, PancakeSwap

A former MIT alumnus and SoftBank executive has launched a Dirham-backed stablecoin that aims to give countries plagued by high inflation environments exposure to assets linked to the United Arab Emirates’ native currency.

02.10 / 15:09

Stablecoin defi Tether Bitfinex Tether treasury receives two $50M USDT lump sums from Bitfinex

Two 50 million Tether (USDT) transactions have been transferred from Bitfinex to the “Tether Treasury” address, according to transfer receipts from Whale Alert.

02.10 / 10:19

defi Hackers hacks Scams phishing September becomes the biggest month for crypto exploits in 2023: CertiK

September has officially become the worst month in 2023 (so far) for crypto-related exploits — with a whopping $329.8 million in crypto stolen.

02.10 / 10:19

Blockchain defi Hackers hacks Cybersecurity security Q3 Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report

The third quarter of 2023 has been the “most financially damaging” quarter of the year, with almost $700 million in digital assets lost to various security incidents, according to the quarterly report of blockchain security firm CertiK.

02.10 / 03:23

business defi Cybersecurity security Cybercrime malware Crypto firms beware: Lazarus’ new malware can now bypass detection

North Korean hacking collective Lazarus Group has been using a new type of “sophisticated” malware as part of its fake employment scams — which researchers warn is far more challenging to detect than its predecessor.

01.10 / 22:01

business NFT defi Venture Capital Startups VC Roundup: Investors eyes blockchain analytics, gaming and crypto privacy

Crypto startups keep raising capital despite tight liquidity and adverse macroeconomic conditions. September saw major developments in the space, such as Farmville co-creator Amitt Mahajan raising $33 million to create Web3 games, and Animoca Brands disclosing $20 million capital gathered to push forward the development of its Mocaverse platform.

30.09 / 12:05

Blockchain defi Tokens FTX FTX hacker’s wallet stirs as Ethereum ETFs prepare for US debut

Almost a year after the FTX hack of $600 million in tokens, on-chain data revealed recent activity in the perpetrator’s wallet, identified as 0x3e957, on Saturday, Sept. 30, 2023. This is occurring closely to the launch of Ethereum-based ETF in the United States.

30.09 / 12:05

Blockchain Adoption defi Assets From CeFi to DeFi: How investors can redefine their asset management approach

Centralized finance (CeFi) services such as crypto exchanges have accelerated the adoption of digital assets and blockchain solutions. Despite this, while retail traders can still use them for convenient crypto transactions and day-to-day operations, institutional investors can thrive long-term if they limit their exposure to CeFi risks and move to decentralized finance (DeFi) instead. With ambitious new projects coming to the table, the next leg of innovation will be pioneered by platforms offering the necessary infrastructure to bring institutional funds on chain.

30.09 / 11:31

defi DEX Pond0x DEX Touts $100M Volume Amidst Scam Allegations

Decentralized exchange (DEX) Pond0x has reportedly achieved a total trading volume exceeding $100 million despite scam allegations.

29.09 / 20:09

Blockchain Ethereum NFT defi DEX Scams BaSe Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a transfer function that allowed anyone to transfer it without the owner's permission. But supporters claim these losses were not the fault of the developer.

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