Defi Financial News

03.07 / 14:05

Blockchain Ethereum Binance Hack defi Action Lost Report: Over $204 Million Lost to DeFi Hacks and Scams in Q2

More than $204 million was lost in various hacks and scams in the decentralized finance (DeFi) space during the second quarter of 2023, a new report by crypto portfolio app De.Fi has found.

03.07 / 04:37

defi Hackers hacks Smart Contracts network Exploit Poly Network urges users to withdraw after exploit affects 57 crypto assets

Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, which has resulted in a hacker being able to issue billions of tokens out of thin air for profit.

02.07 / 09:37

Blockchain Binance defi LUNC Terra Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed

Binance, the world’s largest crypto exchange, has burned 2.65 billion Terra Classic (LUNC) tokens in its 11th burn round.

30.06 / 20:43

Blockchain NFT defi Hackers hacks lending Lost Over $204M lost to DeFi hacks and scams in Q2: 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.

30.06 / 20:43

Ethereum defi Polygon Scalability layer2 Polygon proposes architecture for ‘Polygon 2.0,' including aggregator bridge

Polygon Labs, creator of the Polygon network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different “layers” that will combine to create a web of networks ultimately connected to each other through Ethereum. If approved by validators, Polygon 2.0 will also feature an aggregator that makes bridge transactions “near-instant and atomic,” the team said.

29.06 / 19:31

Blockchain Ethereum defi Bitcoin Insider Trading Rampant in Crypto Market, According to Ex-Goldman Technologists

Insider trading is rampant before new ERC-20 tokens are listed on centralized exchanges (CEXs), according to blockchain intelligence firm Solidus Labs.

28.06 / 22:55

business Blockchain Ethereum defi lending Startups tech startups Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders.

28.06 / 18:55

defi Paradigm Paradigm Co-founder Matt Huang Deems AI 'Too Interesting to Ignore' but Remains Devoted to Crypto

Matt Huang, co-founder of crypto-focused investment firm Paradigm, says he is still devoted to crypto even though artificial intelligence (AI) in his opinion is “too interesting to ignore.”

28.06 / 18:49

Blockchain defi wallet Decentralization Bitcoin Crypto needs better self-custody: This platform is solving it

While Bitcoin (BTC) offered the world an era of true decentralization, the introduction of centralized exchanges and custodial services has lured people away from the original premise of crypto — trustlessness and self-custody. However, the collapse of major crypto exchanges such as FTX acted as a bitter reminder of the importance of the “Not your keys, not your coins” mantra, triggering an exodus from centralized platforms to noncustodial solutions.

27.06 / 18:55

defi hacks Cybersecurity Cybercrime recovery Yield Protocol declares full recovery from Euler hack, awaits user token exchange

Yield Protocol announced on June 27 that it had fully recovered from the Euler flash loan attack. Liquidity providers can now update their strategy tokens, the protocol said on Twitter. That was the last step to protocol restoration after “a long journey.”

27.06 / 18:07

Ethereum defi hacks Scams Lost Over $204M was lost in Q2 DeFi hacks and scams: Report

Over $204 million was lost in decentralized finance (DeFi) hacks and scams in the second quarter of 2023, according to a June 27 report from Web3 portfolio app De.Fi.

26.06 / 17:37

Blockchain Ethereum NFT defi Ethereum 2.0 transactions data network Optimism network transactions surged 67% following Bedrock upgrade — Nansen

Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread from blockchain analytics firm Nansen. The network had been seeing less than 300,000 transactions per day before the upgrade, but this figure increased to over 550,000 by the middle of June.

26.06 / 16:59

defi Report Research Bitcoin How to use DeFi the right way — This latest guide can help

The cryptocurrency market saw an explosion of growth during the 2021 decentralized finance (DeFi) Summer and increased fear of missing out (FOMO), which drove prices of Bitcoin (BTC) and much of the cryptocurrency market to all-time highs. During that time, the total value locked (TVL) across DeFi rose to nearly $180 billion before crashing down to earth.

26.06 / 14:03

Blockchain defi Cybersecurity security Scams Breaking down the ongoing token impersonation scams with DeFi execs

Decentralized Finance (DeFi) protocol Tres Finance warned the community about a scam that involves fake tokens designed to mimic legitimate transactions.

26.06 / 13:03

Blockchain Ethereum defi Scalability layer2 zk-Rollup zkSync Testnet network end zkSync unveils new network of ‘Hyperchains’ — Testnet by end of year

Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack.

26.06 / 00:59

business Blockchain defi regulation AML United Nations Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.

24.06 / 19:45

business NFT defi Tokens FTX Tokenized FTX claim is used as collateral for a loan

A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by a FTX claim, according to the bankruptcy claims platform Found.

24.06 / 02:21

markets defi Report Bloomberg Court Bankruptcy creditors Celsius creditors allege Wintermute facilitated 'wash trading': Report

Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker Wintermute assisted Celsius executives in manipulating the prices of CEL (CEL) through the use of “wash trading.”

23.06 / 18:23

defi ETF coinbase BlackRock Bitcoin Executive BlackRock Executive Stresses Importance of Knowing Counterparties in DeFi for Institutional Engagement

It is critical for financial institutions to know who they are trading with when using decentralized finance (DeFi) protocols, asset management giant BlackRock’s head of strategic partnerships, Joseph Chalom, has said.

22.06 / 17:19

Blockchain Adoption defi security Insurance Neptune DeFi and the importance of insurance protocols — Interview with Neptune Mutual

The vast potential of decentralized finance (DeFi) is frequently overshadowed by the risks associated with crypto markets and decentralized platforms. The lack of reliable insurance policies leads to users becoming susceptible to losing funds in the event of hacks or exploits, which is happening more often as the DeFi ecosystem grows.

22.06 / 11:13

Blockchain defi security Smart Contracts Startups boost Web3 startups get security boost as CertiK joins Cointelegraph Accelerator

Despite the crypto bear market, the Web3 ecosystem continues to grow. True to the notion that “bear markets are good for builders,” developers continue to flock into the Web3 space — the blockchain-based universe governed by smart contracts. Reports from early 2023 show that the number of monthly active Web3 developers grew to over 23,300 in 2022.

what you should know about defi

What is defi and why is it important?

Defi is a high-demand area that is in the spotlight. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on defi?

All latest articles about defi can be found in the special selection. We publish information regularly.

How can I verify the accuracy of information on defi?

We use verified data to ensure that the information about defi is well-supported and informative for our readers.