Defi Financial News

14.09 / 16:55

Ethereum Adoption defi Ethereum 2.0 Proof-of-stake Staking lido dao network Ethereum staking SSV.network hits mainnet to increase decentralization of Ethereum staking pools

Criticisms aimed at the perceived centralization of Ethereum (ETH) staking pools may finally be quelled by an alternative staking infrastructure that aims to improve private key security and reduce validator down times and slashing penalties.

14.09 / 10:51

Blockchain defi Google Mainstream Google Cloud Google Cloud teams up with Web3 startup to make DeFi mainstream

Google Cloud has joined forces with a Web3 startup to develop user-centric developer tools for decentralized finance (DeFi) to lower the barrier of entry into the decentralized world.

14.09 / 07:49

defi CFTC coinbase defi protocols Coinbase CEO Brian Armstrong Advocates for DeFi Protocols to Challenge CFTC in Court

Coinbase CEO Brian Armstrong has weighed in on the recent enforcement actions taken by the Commodity Futures Trading Commission (CFTC) against operators of decentralized finance (DeFi) protocols.

14.09 / 07:31

Law defi CFTC regulation Decentralization Coinbase CEO champions DeFi, calls for court action to set legal precedent

Coinbase CEO Brian Armstrong has expressed his endorsement of decentralized finance (DeFi) protocols. In a recent social media post, Armstrong urged the DeFi protocols to consider legal proceedings in court to set a precedent, as the legal system has consistently demonstrated its dedication to upholding the rule of law. The current approach is mainly pushing a crucial industry toward overseas jurisdictions, he said.

13.09 / 18:31

defi Cosmos Staking Cosmos Hub upgrades to offer liquid staking

Cosmos Hub, a blockchain part of the Cosmos Network, has been upgraded to launch a liquid staking module, enabling users to bypass the previous 21-day unbonding period by unstaking ATOM (ATOM) funds.

13.09 / 14:09

Ethereum Adoption Binance defi Scalability zk-Rollup BNB Smart Chain Optimism-powered layer-2 opBNB hits mainnet

The BNB Chain blockchain ecosystem is set to tap into Optimism’s rollup technology, powering its newly launched opBNB layer-2 scaling platform.

13.09 / 10:51

Ethereum defi Polygon Scalability layer2 zk-STARK zk-Rollup zk Polygon co-founder - $1B bet on ZK-rollups paying off

Polygon co-founder Sandeep Nailwal believes the layer 2 blockchain firm is reaping the benefits of allocating $1 billion to develop zero-knowledge proof (ZK-proof) powered scaling solutions for the Ethereum ecosystem.

13.09 / 02:43

UPS defi CEO Pool Decentralized Exchange show Decentralized exchanges a magnet for crypto wash traders: Solidus Labs

Over 20,000 crypto tokens have been manipulated via decentralized exchange (DEX) wash trading in the last three years, according to market surveillance firm Solidus Labs.

12.09 / 18:05

Blockchain Ethereum defi Hackers hacks Cybersecurity CoinEx CoinEx exchange suspected of being hacked as $27M worth of crypto moved

On Sept. 12, crypto exchange CoinEx experienced abnormally large outflows to an address with no prior history, leading security experts to suspect the exchange was hacked. Blockchain security platform Cyvers Alerts has estimated the losses to be approximately $27 million.

12.09 / 14:05

Blockchain Adoption defi Tokens Assets Asset Tokenization RWAs RWAs come to DeFi: How DEX derivatives can benefit from asset tokenization

Blockchain technology found a new meaning when asset tokenization bridged traditional finance markets with decentralized finance (DeFi). By turning well-known asset classes like real estate, precious metals and intellectual property into tradeable digital assets on the blockchain, real-world asset (RWA) protocols saw huge volume over the last two years.

12.09 / 06:25

business defi patents defi protocols DeFi group petitions to stop ‘patent troll’ targeting DeFi protocols

A decentralized finance (DeFi) advocacy body has petitioned the United States Patent and Trademark Office (USPTO) to review a patent owned by a company it has accused of being a a “patent troll” — a firm that aims to profit from patent lawsuits.

12.09 / 06:25

Blockchain defi Tokens Smart Contracts BUG Banana Gun’s failed contract passed 2 audits, but ChatGPT found the bug in seconds

The eagerly-awaited launch of the telegram bot Banana Gun’s native token BANANA couldn’t have gone any worse, with the price of the newly launched BANANA falling from a peak of $8.70 to $0.02 in less than 3 hours after it launched.

11.09 / 16:45

business Blockchain defi Developers lending Smart Contracts Aave v3 fork debuts noncustodial liquidity markets on Base

A collaboration across decentralized finance (DeFi) developers is introducing a non-custodial liquidity markets on layer-2 network Base, promising to enable trustless smart contracts to automatically connect liquidity pools with borrowing strategies.

11.09 / 05:23

Ethereum defi Altcoin security Fraud layer2 Arbitrum Arbitrum's fraud proofs haven't been used in the two years since it launched

Not a single fraud proof has been submitted on Arbitrum since it first launched its mainnet with the built-in security feature in August 2021, according to Ed Felten, co-founder and chief scientist of the Arbitrum-building Offchain Labs.

11.09 / 03:01

business Adoption defi Social Media coinbase BaSe Friend Friend.tech TVL tops $20M weeks after being declared ‘dead’

Decentralized social media platform friend.tech has seen a sudden surge in total value locked (TVL), doubling to reach more than $20 million within the last four days.

11.09 / 03:01

Ethereum defi Hackers Altcoin security DAO ERC-20 safe Lido assures LDO, stETH tokens remain safe despite flaw in token contract

Ethereum staking protocol Lido Finance has assured both Lido DAO (LDO) and staked-Ether (stETH) tokens remain safe despite hackers allegedly exploiting a known security flaw in LDO’s token contract.

10.09 / 08:30

Blockchain defi LUNC Terra Terra Luna Classic contemplates deposit hike to curb spam proposals

The Terra Luna Classic is presently voting on multiple proposals, with concerns raised about an uptick in "spam" proposals following a decline in LUNA prices. A new proposal seeks to raise the minimum deposit requirement from 1 million LUNA to 5 million LUNA, with expectations of a potential price increase ahead of the upgrade.

10.09 / 06:39

Adoption defi Investments Europe Bitcoin 1 in 4 investment firms assign senior execs to digital assets: Report

Based on the findings of a market intelligence firm, an increasing number of investment firms in the United States, United Kingdom, and Europe are appointing senior executives to lead digital asset investment strategies.

08.09 / 19:31

Blockchain Adoption Binance defi CFTC regulation BIS BIS thinks DeFi has no use cases, but CZ is bullish: 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.

08.09 / 11:19

defi CFTC regulation DeFi enforcement sparks dissenting opinion from CFTC commissioner

Commodity Futures Trading Commission (CFTC) Commissioner, Commissioner Summer K. Mersinger, has said that he is concerned that the United States CFTC is considering enforcement actions related to decentralized finance (DeFi) protocols rather than engaging with the public.

08.09 / 09:39

Blockchain CBDC defi Blockchain could have prevented Nigeria’s naira scarcity — Local experts

Blockchain technology can help solve economic problems in Nigeria and throughout the African continent, according to a group of local blockchain experts who cited Nigeria’s currency flow shortage as a case study.

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