Defi Financial News
30.05 / 12:27
Blockchain
Binance
defi
Investments
Trading
Token Unlock
Wintermute moves over $4M of Optimism to Binance ahead of token unlock
Decentralized finance (DeFi) platform Wintermute has transferred its Optimism (OP) tokens to a Binance exchange wallet ahead of the upcoming unlock that’s scheduled to release $587 million worth of tokens into the market.
30.05 / 12:27
Ethereum
defi
Hackers
hacks
Cybersecurity
security
Deal
Jimbos Protocol offers deal to hacker, threatens police action
The team behind exploited decentralized finance (DeFi) app Jimbos Protocol has offered a deal to the app’s exploiter: Keep 10% of the funds and return the other 90%, or face prosecution. Otherwise, the team “won’t stop” until the attacker is “behind bars.” The proposed deal was disclosed in a May 28 tweet by the Jimbos team and posted to the Ethereum network.
30.05 / 12:27
business
defi
Hackers
hacks
Web3
Cybersecurity
security
Two key security practices for Web3 startups from Israel Crypto Conference
Security continues to be one of the Web3 space’s most important and relevant matters, as protocols and enterprises continue to face exploits.
29.05 / 14:09
Ethereum
defi
Ethereum and Lido Finance Dominate Revenue Generation as Prices Soar
The Ethereum (ETH) network and staking provider Lido Finance (LDO) are among the biggest revenue generators in the world of decentralized finance (DeFi), a ranking by data provider Token Terminal has shown.
29.05 / 00:25
Binance
defi
Hackers
regulation
Scams
Insurance
Crypto users
Turns out, it’s pretty difficult to insure crypto users and platforms
Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and crypto executives told Cointelegraph.
28.05 / 09:45
Blockchain
defi
hacks
security
Tornado Cash governance control set to be restored as token votes approve proposal
The governance token holders of Tornado Cash will soon regain control over the protocol's operations, thanks to an unexpected proposal put forth by the individual responsible for the attack. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures.
27.05 / 14:13
Blockchain
Stablecoin
defi
security
Stargate community proposes removal of Fantom USDC pool to mitigate risks
Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent "force majeure" incident impacting Multichain and the stability concerns surrounding anyUSDC, Fantom's main USDC asset.
27.05 / 06:15
Stablecoin
defi
Interest rates
interest rate
MakerDAO
DAI
MakerDAO proposal seeks to hike DAI savings rate to 3.33%
The community of Ethereum-based decentralized finance (DeFi) protocol MakerDAO will soon vote on a proposal seeking to increase the Dai stablecoin (DAI) savings rate (DSR) to 3.33%. If it all goes through, the move is tipped to have broader implications for rates across DeFi.
26.05 / 21:15
defi
DAO
Voting
Elections
DAO Attack
A16z releases anonymous voting system for Ethereum
Venture capital fund Andreessen Horowitz, also known as A16z, has released a Solidity library that can be used for anonymous voting on Ethereum. Called “Cicada,” the library prevents an individual voter’s choice from being known before polling ends. When combined with zero-knowledge group membership systems like Semaphore, it can also make the identity of the voter permanently unknowable, according to a May 24 blog post from A16z engineer Michael Zhu.
26.05 / 20:27
Blockchain
Adoption
defi
Hackers
regulation
Aave
week
A week filled with exploits and uncertainty 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.
26.05 / 15:29
business
Binance
defi
Tokens
Suspends
Multichain
Binance suspends deposits for bridged tokens, seeks clarity from Multichain team
Crypto exchange Binance suspended deposits for 10 bridged tokens on May 25 following days of stuck transactions that sparked uncertainty surrounding the Multichain protocol.
26.05 / 15:29
25.05 / 17:21
defi
regulation
stablecoins
Crypto-Assets Impact on Traditional Markets Is Small, but Can Pose Systemic Risk: EU Watchdog
Europe’s financial overseer does not seem overly concerned about cryptocurrencies’ impact on the financial system, but still said regulators should monitor risks in case.
24.05 / 14:05
Blockchain
defi
Scams
exit
Project takes off with $31.6M in alleged exit scam
A crypto project called Fintoch, which claimed to be backed by investment banking firm Morgan Stanley, seems to have taken off with almost $32 million of its users' funds, according to on-chain detective, ZachXBT.
24.05 / 14:05
defi
avalanche
interest rate
DeFi protocol Voltz launches SOFR swaps on Avalanche
Decentralized finance protocol Voltz now allows Avalanche users to trade interest rate swaps of the Secured Overnight Financing Rate (SOFR), a benchmark dollar rate used throughout the global economy.
24.05 / 10:25
Blockchain
Adoption
NFT
defi
Crypto Collectibles
mistakes
Top 5 mistakes to avoid when launching a new NFT collection
Nonfungible tokens (NFTs) have grown rapidly, and today, are in a league of their own. This new asset class has much to offer and can empower creator economies, but it has to filter out toxic speculators first. Because of the rapid development of NFTs, many artists and creators have launched collections for the sake of generating rapid profits rather than providing long-term value to communities.
24.05 / 10:01
Blockchain
defi
Web3
interview
Web 2.0
Web3 threatened by Web2.5 and regulations, exec warns
As Web3 remains in its early stages, its ideals and original vision of creating an interoperable financial landscape are under attack, according to Jamie Burke, the founder and CEO of Web3 accelerator Outlier Ventures.
24.05 / 07:17
Blockchain
defi
solana
Funding
Solana integrates AI into blockchain, raises grants fund to $10M
On May 23, the Solana Foundation, a nonprofit dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence (AI) using a ChatGPT plugin developed by Solana Labs.
24.05 / 07:17
defi
DEX
Tokens
Bitcoin
An expanding BRC-20 exchange fuels DeFi boom on Bitcoin
Bitcoin’s recent Taproot upgrade birthed a new protocol known as Taproot Ordinals. This innovation now allows users to mint BRC-20 tokens on Bitcoin. While these tokens are still somewhat under the radar, their impact is increasingly evident in Bitcoin transaction numbers. The growing demand has put a strain on Bitcoin, resulting in higher transaction fees. For investors wanting BRC-20 tokens, availability is a key concern.
23.05 / 18:25
defi
Namada, Osmosis to Co-fuse Blockchain to Fund Public Goods
Privacy-focused blockchain firm Namada is seeking to partner with Osmosis to fund software “public goods” and airdrop its planned NAM token to OSMO investors.
22.05 / 10:51
defi
scam
New Scam Siphoning Off $6 Million From Crypto-Raptors
A scam-as-a-service company has siphoned off approximately $6 million worth of crypto assets from unsuspecting users.
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