Defi Financial News

04.04 / 21:49

Ethereum defi Decentralization layer2 identity KYC network Masa announces soulbound ID tokens for Coinbase's Base Network

Masa Finance’s soulbound tokens will soon be available on Coinbase’s Base network, according to an April 4 announcement from Masa Finance. The new tokens will allow users to link identifying and reputational characteristics to their wallet addresses, making credit underwriting possible on the blockchain, the company said.

04.04 / 19:37

markets Ethereum defi DEX Futures zkSync Deposits to zkSync surpass $110M as its DeFi ecosystem explodes

The total amount of funds bridged to zkSync reached $115 million within 10 days of the public mainnet launch as users rush to farm the airdrop of the Ethereum rollup’s expected native token, per L2BEAT data.

04.04 / 18:09

Blockchain Ethereum Adoption defi Venture Capital Startups Cross-Chain LayerZero raises $120M to expand cross-chain messaging efforts

Cross-chain messaging protocol developer LayerZero Labs has raised another $120 million, according to an Apr. 4 announcement. The company plans to use the capital to increase its headcount and expand its reach into the Asia-Pacific region. The company had previously raised $135 million in March 2022.

04.04 / 16:15

Blockchain UPS Digital defi LinkedIn S&P Global Puts Decentralized Finance at the Forefront with New DeFi Director Hire – Crypto Going Mainstream?

S&P Global is on the hunt for a DeFi director to oversee its expansion into the rapidly evolving decentralized finance sector.

04.04 / 13:03

Blockchain Ethereum defi Ethereum 2.0 Cybersecurity security Binance Coin 73.3% of Q1 rug pulls happened on BNB Chain: Immunefi

BNB Chain was the king of rug pulls in the first quarter of 2023, with over 73.3% of such scams in the entire crypto ecosystem happening on the network, according to an April 4 report from blockchain security firm Immunefi.

04.04 / 06:09

business Blockchain defi Hackers hacks Cybersecurity Cybercrime Returns Allbridge exploiter returns most of the $573K stolen in attack

A large portion of the roughly $573,000 pilfered from the multichain token bridge Allbridge has been returned after the exploiter seemingly took up the project’s offer for a white hat bounty and no legal retaliation.

03.04 / 22:39

Blockchain Ethereum defi regulation SEC security stocks INX security token platform gets its first token from a public company, Greenbriar

INX has launched its first securities token issued by a public company, according to an Apr. 3 announcement from the tokenization platform.

03.04 / 12:57

Technology defi Decentralized Finance decentralized marketplace PancakeSwap PancakeSwap changes its recipe with the launch of Version 3

Decentralized finance (DeFi) protocol PancakeSwap has launched version 3 of its automated market maker platform on BNB Chain and Ethereum, with the upgrade encompassing performance improvements and lower fees.

03.04 / 11:07

Ethereum defi Hackers hacks Exploit Sandwich trading bots lose bread and butter in $25M exploit

Maximal Extractable Value (MEV) bots who were trying to perform “sandwich trades” got outsmarted by a rogue validator, leading to a loss of $25 million worth of digital assets.

03.04 / 03:31

defi Decentralization Arbitrum Arbitrum to break up governance votes after community backlash

Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from token holders.

03.04 / 03:11

markets Blockchain Adoption defi Altcoin Bitcoin Bitcoin Ordinals daily inscriptions surge due to ‘BRC-20 tokens’

A new daily all-time high (ATH) has been recorded for the number of Ordinals inscribed on the Bitcoin (BTC) network due to a recently launched “token standard” for the blockchain.

03.04 / 02:53

business Blockchain defi Hackers hacks Cybersecurity Cybercrime Allbridge offers bounty to exploiter who stole $570K in flashloan attack

The attacker behind a $573,000 exploit on the multi-chain token bridge, Allbridge, has been offered a chance by the firm to come forward as a white hat and claim a bounty.

02.04 / 17:29

Blockchain defi layer2 DAO Arbitrum Governance Token controversy stake Arbitrum's first governance proposal sparks controversy with $1B at stake

A proposal to fund the Arbitrum Foundation with 750 million ARB tokens — nearly $1 billion — raised controversy in the ARB community over the weekend, as the Foundation announced that it was only ratifying a decision that had already been made.

01.04 / 20:29

business Ethereum defi DEX Decentralized Exchange Uniswap Decentralized Finance Uniswap v3 code free to fork as BSL expires

Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, shows the protocol documentation. The expiration was a much-anticipated event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX).

01.04 / 10:09

Hack defi scam Arbitrum Poisoning Scammer Crypto Scammer Gets Away with $1.2M in ARB Tokens Through 'Address Poisoning' Attack – Here's What Happened

A hacker has made off with $1.2 million worth of ARB tokens through a relatively new type of cyber-attack that uses modified wallet addresses to steal funds.

31.03 / 20:39

Blockchain defi Decentralized Exchange Decentralization decentralized marketplace VC funding European DeFi startups saw a 120% increase in VC funding in 2022: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

31.03 / 03:25

Ethereum Provident FIVE BLOCK defi Platform DAO Time DAO treasuries top $25 billion for the first time: DeepDAO

Decentralized autonomous organization (DAO) treasuries are rapidly growing having just surpassed a major milestone, according to DeepDAO.

31.03 / 01:01

business Blockchain Adoption defi Tokens Real Estate ‘Killer use case’: Citi says trillions in assets could be tokenized by 2030

Investment bank Citi is betting on the blockchain-based tokenization of real-world assets to become the next “killer use case” in crypto, with the firm forecasting the market to reach between $4 trillion to $5 trillion by 2030.

30.03 / 19:39

defi regulation Federal Reserve Bitcoin Regulation Bitcoin regulatory Bitcoin touches $29K! Why BTC is unaffected by regulatory pressure

In this week’s episode of Market Talks, Cointelegraph welcomes Brent Xu, founder and CEO of Umee — a decentralized finance hub built on the Cosmos SDK that offers tools for macro-level borrowing and lending applications. Before founding Umee, Xu led strategy at Tendermint while setting the strategic roadmap and partnerships for the Cosmos Ecosystem.

30.03 / 18:59

Ethereum defi hacks Cybersecurity security Uniswap Gnosis Gnosis launches Hashi bridge aggregator to help prevent hacks

Gnosis, the team behind Gnosis Safe multi-sig and Gnosis Chain, has launched a hash oracle aggregator for blockchain bridges, according to an announcement from the company. In a conversation with Cointelegraph, Gnosis CEO Martin Köppelmann stated that the new aggregator should make bridges more secure by requiring more than one bridge to validate a withdrawal before it can be confirmed.

30.03 / 13:57

event Adoption defi Web3 Metaverse ChatGPT AI makes the metaverse safer and more inclusive: The Sandbox co-founder

Artificial intelligence (AI) is the new buzzword in the emerging tech scene after the release of OpenAI’s chatbot ChatGPT-4. However, opinions on this groundbreaking technology are mixed, with some claiming it is something to be feared.

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