Defi Financial News
24.03 / 23:41
defi
Hackers
hacks
regulation
Arbitrum
Arbitrum airdrop hype grips DeFi world: 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.
24.03 / 23:17
business
Stablecoin
defi
Altcoin
Minting
MakerDAO votes to keep USDC as primary collateral, rejects 'diversification' plan
MakerDAO, the decentralized autonomous organization (DAO) that governs the DAI stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for DAI. An alternative proposal to “diversify” collateral into Gemini U.S. Dollar (GUSD) and U.S. Dollar Paxos (USDP) has been rejected in a 20% to 79% vote, according to the proposal’s official page.
24.03 / 16:49
business
Blockchain
defi
Uniswap
SushiSwap
zk-Rollup
zkSync
zkEVM
zkSync Era launches with Uniswap and Sushi — First zkEVM on mainnet
Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker and Curve, are set to launch March 24 on zero-knowledge proof roll-up zkSync Era.
24.03 / 14:47
Blockchain
defi
Airdrop
Arbitrum
500
Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets
As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3 million collectively from 1,496 wallets into two wallets.
23.03 / 19:15
Blockchain
Ethereum
defi
VISA
wallet
Gaming
DApp
Today in Crypto: Bitpanda Partners with Visa, Near Joins Hands with WEMADE, Ethereum-based Decentralized RPC Goes Live
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
23.03 / 18:19
Blockchain
defi
Investments
Web3
cryptocurrency investment
DAO
Investors have more work to do in ensuring the success of Web3: PBW2023
A group of professionals in Web3 took to the Master stage at Paris Blockchain Week 2023 to discuss how Web3 is changing the game for startups and investors. This new paradigm disrupts traditional business models and provides opportunities for startups and investors to tap into a new market.
23.03 / 17:47
Adoption
defi
regulation
Decentralized Finance
CeFi
week
Regulation still key for the evolution of CeFi: Paris Blockchain Week
Centralized finance (CeFi) will continue to be an important avenue to drive the adoption of decentralized finance (DeFi) services in the future, but regulatory considerations remain a significant part of the process.
23.03 / 16:13
Adoption
defi
Web3
The complicated relationship of ethics in Web3: PBW 2023
Web3’s pervasiveness into mainstream industries has begun to raise questions about the ethics needed to operate in the space. During the second day of Paris Blockchain Week (PBW) 2023, a group of professionals from the ecosystem took the Venus de Milo stage to discuss the “Ethics of Web3.”
23.03 / 15:39
event
Adoption
defi
Decentralization
network
1inch Network co-founder to crypto newbies: ‘Don’t trust anyone, verify’ | PBW 2023
Sergej Kunz, the co-founder of decentralized finance (DeFi) protocol 1inch Network, sat down with Cointelegraph reporter Joseph Hall at the Paris Blockchain Week 2023. The duo discussed various topics, including the limitations of investing for normal people, what mass adoption looks like and big companies jumping into the Web3 space.
23.03 / 09:19
defi
CFTC
regulation
committee
CFTC’s tech committee gathered in DC to talk DeFi, here’s what was discussed
The United States commodities regulator has gotten a crash course on decentralized finance (DeFi) today, with crypto executives briefing the regulator on key issues affecting the space, including exploits, decentralization and digital identities.
23.03 / 00:13
Blockchain
defi
Web3
Decentralization
Job
How can a decentralized talent pool solve one of the biggest problems of Web3?
Web3 represents a paradigm shift in how the world transacts, works and collaborates. In a decentralized, trustless network, individuals own their data and contribute to an equitable digital economy. Although promising in concept, perhaps the most exciting part about this space is the fact that the majority of it is yet to be defined. Therefore, the individuals building the Web3 environment truly hold the power to shape the future.
22.03 / 16:41
Ethereum
Adoption
defi
Decentralized Exchange
MetaMask
decentralized marketplace
MetaMask Institutional unlocks solo ETH staking marketplace
MetaMask Institutional is set to be an avenue for the creation of new Ethereum (ETH) validators after announcing a new staking marketplace for its institutional clients.
21.03 / 18:31
Blockchain
Technology
defi
Insurance
Terra Luna
DeFi insurance payouts amounted to $34.4M in 2022: Report
According to a Mar. 21 report published by decentralized finance analytics firm OpenCover, DeFi insurance companies paid out $34.4 million in claims in 2022. In context, only $36.9 million of such claims have been paid out since OpenCover began tracking the data. Notable payouts include $22.5 million during the collapse of the Terra Luna ecosystem in May 2022 and $4.7 million from the collapse of crypto exchange FTX in November 2022.
21.03 / 17:57
Blockchain
Technology
defi
hacks
vulnerability
ZenGo uncovers 'red pill attack' vulnerability in popular Web3 apps
According to a blog post published by developers of crypto wallet ZenGo, the firm said it had uncovered security vulnerabilities in transaction simulation solutions used by popular decentralized applications, or dApps. Dubbed the "red pill attack," this vulnerability allowed malicious dApps to steal user assets based on opaque transaction approvals offered to and approved by users. The vulnerability derives its name from the iconic "red pill" scene from The Matrix movie series.
21.03 / 11:09
Blockchain
defi
Trading
Airdrop
OTC
Arbitrum
Arbitrum token finds its way to OTC market before the airdrop
The Arbitrum community is speculating and selling off their unreleased ARB tokens in over-the-counter (OTC) markets following the Arbitrum airdrop announcement.
21.03 / 05:31
business
defi
Tokens
Airdrop
Decentralized Finance
Fork
DefiLlama resolves internal strife, sends LLAMA token plans alpaca'n
Decentralized finance (Defi) analytics platform DefiLlama appears to have resolved the internal conflict within its team that had earlier threatened a “forking” of the platform.
21.03 / 04:41
business
defi
Hackers
hacks
Altcoin
Smart Contracts
Euler Finance to enter talks with exploiter over the return of funds
Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploiter.
20.03 / 23:33
defi
Banks
Federal Reserve
Central Bank
banking
collapses
Bank collapses are spurring interest in self-custody startups
The collapses of Signature Bank and Silicon Valley Bank have left many people in disbelief, with skeptics questioning the stability of the traditional financial system.
20.03 / 22:49
Twitter
defi
Platform
Takeover
Hostile Takeover Fears: DefiLlama Co-Founder Exposes Internal Rift over Token Launch – What's Going On?
A hostile takeover could by underway for decentralized finance (DeFi) resource DefiLlama, as an internal rift among key team members has been exposed.
20.03 / 20:19
Blockchain
defi
Report
Research
Blockchain gaining adoption in more than just DeFi: Report
Anyone familiar with the blockchain industry knows that decentralized finance (DeFi) is one of the sector’s most prominent use cases with the most substantial adoption. Recent issues in the banking sector, like those surrounding Silicon Valley Bank and Credit Suisse, have caused many to take a second look at Bitcoin (BTC) and crypto as an alternative to the traditional banking system. And while the further expansion of DeFi bodes well for the rest of the crypto industry, is blockchain technology expanding and being utilized in other ways as well?
20.03 / 16:53
Ethereum
NFT
defi
layer2
Arbitrum
zk-Rollup
zkSync
week
Arbitrum airdrop hype helps zkSync addresses jump over 5X in a week
Arbitrum, a layer-2 Ethereum scalability protocol, announced the airdrop for its governance token ARB on March 16, and eligible receivers are expected to get the token by March 23. The hype around its airdrop has now helped another layer-2 solution zkSync, to see significant week-over-week growth.
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