Defi Financial News

22.05 / 04:05

Blockchain defi Hackers regulation Cybersecurity security phishing Crypto hacks falling in Q1 is but a 'temporary reprieve' — Blockchain firm

The crypto community is being urged not to let their guard down despite a significant decline in crypto hacks during the first quarter of 2023 — with one firm warning it is most likely a “temporary reprieve, rather than a long-term trend.”

22.05 / 01:31

business defi ConsenSys Taxes Ledger MetaMask NOT Customers Is MetaMask withholding customers' crypto for taxes? No, it’s not.

ConsenSys, the company behind the crypto wallet MetaMask has hosed down rumors that it collects taxes from cryptocurrency users.

21.05 / 10:15

Blockchain NFT defi Decentralization Bitcoin Here’s how to use DeFi on Bitcoin without ‘polluting’ the blockchain

Bitcoin (BTC) is known for its immutability and the hard-coded rules that make the system secure but slow to modernize. However, that doesn’t mean the Bitcoin blockchain — the underlying network that empowers the original cryptocurrency — is closed to innovation and development. Even though the initial efforts to introduce decentralized finance (DeFi) to Bitcoin such as cross-chain bridges and wrapped tokens resulted in a massive wave of hacks and exploits in the DeFi space, developers continue to look for new and more reliable ways to tap into the unmatched liquidity of the BTC pool.

20.05 / 07:01

defi Token Mantle Mantle: BitDAO token will be Mantle after BIP-21 Vote

BitDAO's native token BIT is set to rebrand to Mantle after the community voted in favor of a proposal seeking to optimize the token ahead of the launch of a new layer-2 mainnet.

19.05 / 23:09

Ethereum defi Polygon Aave BUG Bug in Aave V2 Polygon causes some assets to become stuck in contracts

A bug in an older version of crypto lending protocol Aave is blocking users from interacting with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC) or Wrapped Matic (WMATIC) pools on Aave V2 Polygon, preventing assets from being withdrawn from them, according to a May 19 proposal that attempts to fix the bug through a patch. The proposal says that users are currently unable to "supply more of those assets, borrow, repay, or withdraw."

19.05 / 20:57

Blockchain defi layer2 DAO Voting Mainnet BitDAO passes BIP-21 token optimization and branding proposal

The BIT token will soon undergo a branding transformation to become Mantle, a measure approved through a high majority vote on May 19 on a proposal to optimize the token ahead of the launch of a new layer-two mainnet.

19.05 / 20:25

Blockchain NFT defi Hackers regulation Department US Justice Department on the hunt for DeFi hackers and thieves: 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.

19.05 / 17:27

defi CFTC regulation SEC US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges Can Be Regulated – Here's the Latest

Decentralized exchanges (DEXs) and other aspects of the decentralized finance (DeFi) world can be regulated in the US, even though it is “just code,” according to Commodity Futures Trading Commission (CFTC) chair Rostin Behnam.

19.05 / 17:19

Ethereum Adoption NFT defi Polygon Scams phishing 'Inferno Drainer' scam as a service has stolen $5.9M since March: Report

A new scam as a service called “Inferno Drainer” has reportedly stolen nearly $6 million from unsuspecting crypto users, according to Web3 scam detecting firm Scam Sniffer. Inferno Drainer reportedly advertises that it provides ready-to-go code to scammers, allowing them to steal crypto in exchange for a 20% cut of the scammer’s crypto "loot".

18.05 / 19:53

business Government Law defi regulation Bitcoin Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators

A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.”

18.05 / 17:19

Blockchain Adoption defi Venture Capital Startups Blockchain developers launch $50M fund to increase Wormhole adoption

A $50 million fund has been launched to help startups that use the Wormhole cross-chain messaging protocol, according to a May 18 announcement. The new fund is being managed by venture capital fund Borderless Capital and is backed by over 20 other blockchain development teams and venture capital firms, including Circle, Polygon Ventures, Solana Foundation, JumpCrypto, and others.

18.05 / 12:21

Blockchain Ethereum Adoption defi coinbase layer2 Chainlink network Coinbase Cloud plugs into Chainlink oracle network to improve smart contract reliability

Coinbase Cloud will leverage its global infrastructure and experience managing blockchain data to bolster the security and reliability of the Chainlink blockchain oracle network.

17.05 / 18:33

Ethereum defi DEX Polkadot Uniswap Uniswap will deploy on Polkadot parachain Moonbeam

The Uniswap crypto exchange will soon be available on Moonbeam (GLMR), a parachain of Polkadot (DOT), according to a May 17 approved proposal on the exchange’s governance forum. The proposal was put forward by educational group Blockchain at Michigan. It passed with near unanimous support, with only a single UNI token being used to vote against it.

17.05 / 17:51

Blockchain Ethereum defi Decentralization Bitcoin Support Crypto.com adds Pay support for MATIC, USDC and DAI

Singaporean cryptocurrency exchange Crypto.com recently launched an update to its DeFi wallet service enabling support for fiat-to-crypto purchases in more countries and three new tokens.

17.05 / 13:33

Technology defi Machine Learning FinTech ChatGPT How to use ChatGPT to learn WordPress

WordPress is a widely used content management system (CMS), powering millions of websites around the world. It is a well-liked solution for consumers, companies and developers due to its user-friendly interface, rich customization options and robust plugin ecosystem.

17.05 / 05:05

Blockchain defi Aave ERC-20 Voting Anchorage Digital opens up DeFi voting for custody clients

Institutional clients of crypto custody firm Anchorage Digital can now voice their concerns on proposals for tokens they hold without paying hefty gas fees.

16.05 / 22:53

defi supply Tokens Airdrop cryptocurrency investment Tokenomics Airdrops are great, but be aware of the risks

Airdrops have emerged as a powerful tool for token distribution, user acquisition and community building as the blockchain industry has grown. They provide a unique opportunity for projects to distinguish themselves, incentivize desired behaviors and foster long-term relationships with their user base. But the question remains: Do airdrops work?

16.05 / 21:27

defi Liquidity DAO class action Bancor DAO hit with class action suit over impermanent loss protection promises

A group of investors has filed a class action suit against the Bancor decentralized autonomous organization (DAO), its operator BProtocol Foundation and its founders in the United States District Court for the Western District of Texas. The plaintiffs claim, among other things, that Bancor deceived investors about its impermanent loss protection (ILP) mechanism for liquidity providers and was an unregistered security.

16.05 / 19:47

defi regulation Microsoft us government IBM Sam hearing ai safety OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety

Sam Altman, the CEO of OpenAI and co-founder of Worldcoin, recently testified before Congress alongside IBM’s chief of trust, Christina Montgomery, and NYU professor Gary Marcus.

16.05 / 14:21

Adoption defi Trading Tokens Decentralized Exchange Decentralization The role of central limit order book DEXs in decentralized finance

A central limit order book (CLOB) is a digital platform or system that facilitates trading financial instruments such as stocks, bonds, commodities or cryptocurrencies. It is a critical component of modern electronic trading and is used by financial exchanges, marketplaces, and trading venues to compare buy and sell orders from various market participants.

16.05 / 13:27

Libra Blockchain defi Hackers hacks Cybersecurity security BUG Libra-related Sui blockchain fixes critical bug that put ‘billions’ at risk

The Sui blockchain network quietly fixed a bug that could have put “billions of dollars” at risk, according to a May 16 announcement from Zellic, the security firm hired to audit the network’s security.

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