Defi Financial News

20.02 / 08:21

Law Stablecoin defi Terra Usd Terra safe Yield platform Stablegains sued for promoting UST as a 'safe' investment

Decentralized finance yield platform Stablegains has been sued in a Californian court for allegedly misleading investors and failing to comply with securities laws.

20.02 / 02:35

Blockchain Technology Adoption NFT defi Bitcoin network What is the network effect?

The network effect is a phenomenon where the value of a product or service increases as more people use it. As the user base grows, there are more opportunities for interactions, which can lead to increased benefits and positive outcomes for each user.

19.02 / 06:19

defi regulation SEC Senate ShapeShift responds to Sen. Warren’s comments to ‘set the record straight’

Non-custodial crypto platform ShapeShift refuted United States Senator Elizabeth Warren’s claims of "illicit financing,” suggesting that she used the platform as a scapegoat to “push” her latest crypto bill, according to a recent statement.

18.02 / 23:45

defi Hackers hacks lending compensation Platypus to work on compensation plan after $8.5M attack

Decentralized finance (DeFi) firm Platypus is working on a compensation plan for user's losses after a flash loan attack drained nearly $8.5 million from the protocol, affecting its stablecoin dollar-peg.

18.02 / 19:55

Adoption defi security Decentralized Exchange Decentralization Coding Defi Security DeFi security: How trustless bridges can help protect users

Blockchain bridges allow decentralized finance (DeFi) users to use the same tokens across multiple blockchains. For example, a trader can use USD Coin (USDC) on the Ethereum or Solana blockchains to interact with the decentralized applications (DApps) on those networks.

18.02 / 17:05

Blockchain Technology Adoption defi Mining Bitcoin Costs market trends The economics of cryptocurrency mining: Costs, revenues and market trends

Mining refers to the process of verifying and adding new transactions to a blockchain network, such as in the case of Bitcoin (BTC) or other cryptocurrencies. The economics of mining refers to the economic incentives and costs associated with the mining process, as well as its impact on the broader economy.

18.02 / 12:49

Hack defi Platypus DeFi Platform Hit by $8.5M Flash Loan Attack with Unexpected Twist – Here's What Happened

Decentralized finance (DeFi) protocol Platypus Finance has lost $8.5 million after suffering a flash-loan attack. However, with the help of some on-chain sleuths, the project managed to track down the hacker and even recover some funds.

18.02 / 01:39

defi Hackers hacks Smart Contracts Loans Platypus attack exploited incorrect ordering of code, auditor claims

The $8m Platypus flash loan attack was made possible because of code that was in the wrong order, according to a post mortem report from Platypus auditor Omniscia. The auditing company claims the problematic code didn’t exist in the version they saw.

18.02 / 01:26

defi DEX Tokens Dexible aggregator hacked for $2M via ‘selfSwap’ function

The multichain exchange aggregator Dexible has been hit by an exploit, and $2 million worth of cryptocurrency has been lost as a result, according to a Feb. 17 post-mortem report released by the team on the project’s official Discord server.

18.02 / 01:25

business defi lending Banks MakerDAO MakerDAO voting on $100M loan participation with Florida commercial bank

Crypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized finance (DeFi) and traditional finance.

17.02 / 23:51

Blockchain defi Hackers hacks regulation consequences SEC’s staking crackdown has uncertain consequences for DeFi: 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.

17.02 / 21:05

markets Ethereum Binance defi Ether price Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade

The upcoming Ethereum Shanghai hard fork is slated to occur in March 2023, and the upgrade will cap off the network’s move to proof-of-stake (PoS), which started during the Merge on Sept. 15, 2022. Once Shanghai is implemented, previously locked Ether (ETH) will gradually become liquid for the first time since December 2020.

17.02 / 07:23

Ethereum defi Scams Fraud Pump and Dump PUMP Crypto investors spent $4.6B buying 'pump and dump' tokens last year

Cryptocurrency investors funneled as much as $4.6 billion into crypto tokens suspected to be part of “pump and dump” schemes in 2022.

17.02 / 01:37

Blockchain defi Platform Action Cybersecurity Platypus DeFi faces flash loan attack, according to CertiK

Blockchain security firm CertiK reported on Feb. 16 that it has spotted a flash loan attack on Avalanche-based stableswap platform Platypus DeFi. The blockchain security firm posted the news in a tweet, alongside the attacker contract address.

16.02 / 16:27

business Adoption defi privacy Web3 Decentralization Messaging App seed funding Web3 communication app goes after Twitter with $12.5M seed funding

Developers of one of the earliest Android-based mobile browsers are working to bring online communication to the next level by introducing it to Web3.

16.02 / 14:55

Stablecoin defi regulation Tether BIS BIS-funded regulator to probe DeFi entry points like stablecoins

The Financial Stability Board (FSB), the financial regulator funded by the Bank for International Settlements (BIS), is pushing international regulations for decentralized finance (DeFi).

16.02 / 10:21

Law defi Hackers hacks Court Mango Markets exploiter seeks to keep disputed funds paid as ‘bug bounty’

The alleged exploiter of the decentralized finance protocol Mango Markets, Avraham Eisenberg, is seeking to keep his share of crypto gained from his so-called “highly profitable trading strategy.”

15.02 / 23:39

markets Stablecoin Binance defi DEX SEC Silver SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price

The United States Securities and Exchange Commission (SEC) has started ramping up its crackdown on the crypto industry and recent enforcement actions had a negative impact on crypto prices last week and at the start of this week.

15.02 / 17:07

business Blockchain Technology Adoption defi Investments Angel investors vs. venture capitalists

Angel investors and venture capitalists are two types of private investors who provide funding for early-stage and growth-stage companies. However, there are some key differences between them that we will cover in this article.

15.02 / 08:53

Ethereum defi Polygon Scalability zk-Rollup zkEVM Polygon tables late-March launch date for its zkEVM Mainnet Beta

The long-awaited scaling upgrade from Ethereum layer-2 solution provider Polygon (MATIC) has been announced, with the Beta launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet slated for Mar. 27.

14.02 / 00:25

business Blockchain Technology Adoption defi Bitcoin 9 crypto gifts for your Valentine’s Day date

For readers looking for unique, meaningful gifts for their valentine this Valentine’s Day, consider giving a cryptocurrency-related gift. Here are nine options:

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