Defi Financial News

21.06 / 20:11

Blockchain Adoption defi wallet Support Wallet providers introduce BRC-20 token support despite market drawdown

On June 21, self-custody wallet provider BitKeep announced support for BRC-20 tokens issued on the Bitcoin network. With the feature, users can view, rank and transfer BRC-20 tokens and nonfungible tokens (NFTs). Developers also stated BRC-20 in-wallet swaps are coming “in [the] future."

20.06 / 21:09

Blockchain Ethereum Adoption NFT defi Polygon Proof-of-stake zkEVM Polygon co-founder proposes zkEVM ‘validium’ upgrade to improve security

Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs to increase security.

20.06 / 16:11

Stablecoin defi Investments Curve Finance Reserve stake Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO

Stablecoin protocol Reserve is investing $20 million into the governance tokens of yield farming apps Curve (CRV), Convex (CVX) and Stake DAO (SDT), according to a June 20 announcement. The investment is intended to increase the liquidity of Reserve’s stablecoins, called RTokens. It will also increase Reserve's voting power within these apps’ governance systems.

20.06 / 13:01

business Blockchain Adoption defi Investments Investing in Web3 is a ‘hedge against disruption’ — VC investment exec

The crypto space has been facing waves of uncertainty in recent months between impending regulations from regulators across the world and a lingering market downturn.

20.06 / 11:03

defi regulation European Union Decentralization Backed Global Crypto Regulations for DeFi Backed by France's Markets Regulator

France's markets watchdog, the Autorité des Marchés Financiers (AMF), said it fully supports globally coordinated, clear regulation for decentralized finance (DeFi) in order to protect users while fostering the novel and innovative sector's growth.

19.06 / 17:03

Blockchain Ethereum defi Etherscan Etherscan launches AI-powered Code Reader

On June 19, Ethereum block explorer and analytics platform Etherscan launched a new tool, dubbed "Code Reader," that utilizes artificial intelligence to retrieve and interpret the source code of a specific contract address. After user prompt input, Code Reader generates a response via OpenAI's large language model (LLM), providing insight into the contract's source code files. Etherscan developers wrote:

19.06 / 14:39

business Kucoin Adoption defi Crypto Companies Bear market allows crypto companies to ‘listen’ to users: KuCoin exec

Crypto has been at the mercy of an ongoing bear market that began in the spring of 2022, after a historic bull run that had investors, developers and users piling into the Web3 space.

19.06 / 14:39

defi regulation Prison Do Kwon gets 4 months in prison in Montenegro on fake passport charges

Terraform Labs founder Do Kwon has been found guilty of using a false passport by a court in Montenegro and has been sentenced to four months in prison.

19.06 / 10:57

defi regulation Web3 Funding Hong Kong says Cyberport attracted 150 Web3 firms in a year

In the past year, more than 150 Web3 firms have set up operations in Hong Kong’s Cyberport — a digital hub set up by the country’s government to promote innovation — Financial Secretary Paul Chan Mo-po said in a statement.

19.06 / 10:19

business Adoption defi Web3 Startups Cointelegraph Accelerator welcomes Web3 venture builder GAMI as a strategic partner

Cointelegraph Accelerator, the startup booster leveraging Cointelegraph’s media capabilities, has announced GAMI — a Web3 Venture Builder — as its new strategic partner.

16.06 / 22:19

business Blockchain Ethereum defi regulation Scams Fraud On-chain sleuth ZachXBT sued for libel after claiming plaintiff drained funds from project

Blockchain investigator ZachXBT has been sued for libel by one of the people he accused of fraud, according to a June 16 social media post. According to the post, Jeffrey Huang, known as “MachiBigBrother” on Twitter, has accused ZachXBT of damaging his reputation through false allegations.

16.06 / 20:37

Blockchain Stablecoin defi Hackers hacks Usd Coin Curve pool imbalance triggers USDT depeg concerns: 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.

16.06 / 11:07

defi DEX Trading Decentralization CEX Features CEX features and simplicity come to DeFi: Here’s how

Before the major failures of 2022, centralized exchanges (CEXs) pioneered crypto adoption with their accessibility, diverse features and direct fiat gateways — features that were mostly lacking in the decentralized ecosystem. However, CEXs received significant blows in user confidence when major exchanges such as FTX collapsed one after another last year.

16.06 / 09:19

defi Hackers hacks Cybersecurity security Exploit Sturdy stablecoin market reopens three days after $800K exploit

After recently suffering a recent exploit on its platform, decentralized finance (DeFi) protocol Sturdy Finance has reopened its stablecoin market.

16.06 / 07:03

Blockchain Twitter defi Action Assurant Hacking Exploit Sturdy Finance DeFi Protocol Faces Exploit, Loses More Than $750,000

Decentralized finance (DeFi) protocol Sturdy Finance has been exploited, but the team has promised that no further action will be taken against the hackers if the money is returned.

16.06 / 06:45

defi SEC House Financial Services House Agriculture House Republicans House Republicans Call on the SEC To Withdraw Proposed Rule That They Say Could Affect Decentralized Exchanges

A proposed Securities and Exchange Commission rule would shut down the development of the digital asset industry and should be withdrawn, House Republicans said.

16.06 / 06:03

Binance defi SEC Federal Reserve Strike Bitcoin Arbitrage freeze Today in Crypto: Fed Keeps Rate Unchanged, Strike Goes to Mexico, Binance and SEC to Negotiate on Asset Freeze, Arbitrage Bot Profits $3 + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

16.06 / 05:09

Blockchain defi FTX US prosecutors say SBF will be tried on original 8 criminal charges — for now

The criminal trial of FTX co-founder Sam Bankman-Fried will be going ahead with the eight charges he was initially pinned for by United States prosecutors — at least for now.

16.06 / 04:45

Blockchain defi Payments Digital Asset Digital Asset Management FinTech Deal Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

The payments subsidiary of crypto custodian Prime Trust, Banq, filed for bankruptcy protection in the United States on June 13, court documents show..

16.06 / 04:40

defi Tether USDT Curve Tether Loses Peg: Massive USDT Sell-off on Curve, Uniswap Suggests Shift to Other Stablecoins

Tether’s stablecoin USDT has lost its dollar peg after two major pools for stablecoin trading became heavily imbalanced.

16.06 / 04:20

Blockchain Ethereum defi Ethereum Options Arbitrum DeFi options platform uses social logins, margin trading to draw in liquidity

A DeFi options platform using social logins and undercollateralized trading to draw in liquidity providers just launched, according to a June 15 announcement. The protocol, called “Synquote,” is capable of handling large trades with much less slippage than previous options platforms, the team claims.

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