Defi Financial News

26.07 / 13:25

Blockchain Twitter defi Platform Action Hacking zkSync Exploit DeFi Platform EraLend on zkSync Loses $3.4 Million in Blockchain Exploit

Decentralized finance (DeFi) protocol EraLend has lost $3.4 million worth of crypto in a so-called re-entrancy attack.

26.07 / 12:27

defi crypto regulation MICA National compliance DeFi Project Atlendis Secures $1 Million Loan from French National Bank BPI and Demonstrates Compliance with PSAN License

French DeFi project Atlendis hit two major milestones as it secured a €1 million loan ($1,108,055.00) from the French public investment bank along with obtaining a crypto services provider license.

25.07 / 21:35

Binance defi nft market Bitcoin Binance Research's H1 2023 Report: A Positive Note in Challenging Times for Crypto

Binance's 120-page "Half-Year Report 2023 July 2023," released on July 20, provides insights into the current state of the crypto market, almost two years after its peak in late 2021.

25.07 / 20:25

event Blockchain Technology defi zk-STARK zk-Rollup Zero-knowledge tech development heats up amid bear market

Zero-knowledge (ZK) proofs, or cryptographic methods that allow one party to prove to another party that something is true without revealing any sensitive underlying private information, have been a hot topic of discussion among crypto veterans. At last week's zkDay event as part of EthCC Paris, over 2,000 attendees arrived at a small venue by Rue l'Aubrac to catch a glimpse of the latest ZK projects on display. P0x Labs, the developer behind ZK protocol Manta Network, even announced a $25 million raise during the event.

25.07 / 17:03

Blockchain defi Smart Contracts Decentralization Dapps Algorand From supply chain to DeFi: How blockchain oracles can transform industries

Decentralized blockchain oracle service Goracle provides real-world information so anyone can build better Web3 apps based on off-chain data.

25.07 / 17:03

Blockchain Ethereum defi hacks Cybersecurity security zkSync Era Lend on zkSync exploited for $3.4M in reentrancy attack

Lending app Era Lend on zkSync has been exploited for $3.4 million worth of crypto, according to a July 25 report from blockchain security firm CertiK. The attacker used a “read-only reentrancy attack” to drain the funds, which is a type of attack that interrupts a multi-step process and then causes it to continue after a malicious action has been performed. Specifically, a “read-only” reentrancy is one that does not update the state of a contract.

24.07 / 22:07

Ethereum defi Hackers hacks Developers Scams Cross-Chain Standard Exploit Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses

The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token issuers to maintain a list of official bridges and control how many tokens can be minted by each.

24.07 / 20:09

markets Stablecoin defi Burn DAI 3 reasons why Maker (MKR) fundamentals hint at further price upside

Maker has gained 53.5% over the past month, and the cryptocurrency witnessed a remarkable 28.1% surge between July 15 and July 22, achieving its highest daily close in nearly a year. While the gains are impressive, the real question is: Can the cryptocurrency sustain its current trajectory, or were short-term factors behind the price pump?

24.07 / 14:55

Ethereum defi Hacking Hackers Steal $3.2 Million Worth of Ethereum From Conic Finance DeFi Protocol

The decentralized finance (DeFi) protocol Conic Finance has lost more than $3.2 million worth of Ether (ETH) in two separate hacking incidents in recent days

24.07 / 09:39

defi Cosmos Crypto lending reinvented: This solution can reduce liquidation and overcollateralization risks

Crypto lending remains one of the most important use cases in decentralized finance (DeFi). The three largest DeFi lending protocols — Aave, JustLend and Compound — collectively hold over $12 billion in total value locked (TVL), or 23% of the total TVL in DeFi.

23.07 / 19:47

Blockchain defi Hackers hacks Alphapo hot wallets hacked for over $31 million

Crypto payment platform Alphapo had at least $31 million drained from its hot wallets on Ether (ETH), TRON (TRX), and Bitcoin (BTC), security experts reported on July 22. Since the number of Bitcoins stolen is uncertain, the figures may be even higher.

23.07 / 02:51

Twitter defi regulation Terra Terra interim CEO says any 'little progress' made gets derailed by accusations

Terraform Labs faces a “big hill to climb” as the progress of its various projects in development are constantly being impeded by frequent accusations, according to Terra’s new interim CEO Chris Amani.

22.07 / 20:57

business defi Tokens Governance Token Returns Solana's Parrot Protocol submits proposal to go tokenless, investors risk face -89% returns

A recent proposal from Parrot Protocol's team, a Solana-based liquidity network, has sparked controversy among its community members. The proposal, up for vote until July 27, calls for the redemption of its PRT tokens for liquid treasury value, and the transition to a no-token protocol.

22.07 / 11:21

Blockchain Technology defi proof-of-work Proof-of-stake Tech What is the difference between DApps and protocols?

In recent years, the rise of blockchain technology has paved the way for groundbreaking innovations in the realm of decentralized systems. Among the revolutionary concepts are decentralized applications (DApps) and protocols. While both are integral components of the decentralized ecosystem, they serve distinct purposes and play different roles.

21.07 / 20:35

Law Ethereum NFT defi DEX Polygon Uniswap centralized exchanges Centralized exchanges will become gateways for DeFi: 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.

21.07 / 17:19

defi Decentralization banking FinTech Future Hybrid future: Unleashing the potential of DeFi and neobanking convergence

As people become accustomed to traditional, online-only banking, crypto innovators are building decentralized solutions that could radically change everyday finance.

21.07 / 14:55

Ethereum Adoption defi Investments Decentralization How do DeFi projects generate profit?

This week’s episode of Cointelegraph’s Market Talks welcomes Alvin Xu, the co-founder and CEO of Maverick Protocol, a platform that is taking a new approach to building decentralized finance (DeFi) infrastructure. Xu has been in the crypto space since 2018, and before co-founding Maverick, he led products and ecosystems across MetaMask, Abra Wallet, BitTorrent and the Tron Foundation.

21.07 / 12:27

defi Hackers hacks Altcoin transactions Curve Finance Curve omnipool platform Conic Finance hacked for $3.2 million in ETH

Conic Finance, a liquidity pool balancing platform for the decentralized finance (DeFi) protocol Curve, has suffered an exploit on the Ethereum omnipool.

21.07 / 09:33

defi regulation Altcoin crimes Cybercrime Elliptic Bitcoin Bitcoin no longer asset of choice for criminals - former Elliptic crypto advisor

Crime in Web3 is shifting away from Bitcoin (BTC) to stablecoins while ponzi schemes remain prevalent, according to Elliptic’s former head of technical crypto advisory.

21.07 / 04:45

Blockchain Law defi regulation white house Coin Center and Blockchain Association slam ‘unworkable’ US Senate DeFi bill

Crypto industry advocacy bodies have slammed a newly proposed United States Senate bill for what they say is a confused approach to regulating the decentralized finance (DeFi) sector.

20.07 / 10:25

Blockchain defi Polygon Decentralization Polygon 2.0 begins groundwork for decentralized governance

Polygon Labs has begun work on an expansion intended to include all blockchains and applications running on the Polygon network, and seeks to democratize the upgrade process and encourage community participation.

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