Defi Financial News

02.02 / 17:05

Adoption NFT defi Hackers hacks security Scams Developers seek solutions for Web3-related scams from internet browsers

A big concern for users in decentralized finance (DeFi) involves the industry’s susceptibility to exploits. A report from Privacy Affairs revealed hackers stole $4.3 billion worth of cryptocurrency in the time period from January to November 2022 — a 37% increase from the previous year.

02.02 / 17:05

business Blockchain Technology Adoption defi security Top 7 blockchain courses and certifications for beginners

Blockchain courses and certifications can play an important role in helping individuals gain a comprehensive understanding of blockchain technology and its applications. By completing these courses, individuals can develop technical skills, stay current with industry developments, enhance their career opportunities and increase their earning potential.

02.02 / 13:17

Hack defi Exploit $120 Million Exploit: AllianceBlock Token Price Manipulated in Oracle Hack – Here's What Happened

Self-sovereign financial services provider BonqDAO suffered $120 million in losses after a hacker exploited its oracle to manipulate the price of AllianceBlock tokens.

01.02 / 23:23

Blockchain defi solana lending Decentralization How to Crypto What is Solend and how does it work

Solend is a decentralized lending and borrowing protocol built on Solana. It is lauded for expanding the methods available for Solana users to boost financial gains. Filling a large gap in the Solana ecosystem, Solend drew a staggering $100 million in deposits in just over a month post-launch.

01.02 / 08:07

defi Hackers hacks Exploit Crypto Exploit Crypto exploit losses in January see nearly 93% year-on-year decline

Aside from the bullish crypto market rally in January, there’s been more positive industry news as the month saw a decline in losses from exploits compared to the same time last year.

01.02 / 00:47

defi hacks Cybersecurity Governance Token Wormhole wins second 'temp check' to become bridge for Uniswap governance

The Uniswap DAO has approved a second non-binding proposal, called a “temperature check,” to make Wormhole the official bridge for cross-chain governance of the protocol between BNB Chain and Ethereum, according to the official proposal page.

31.01 / 22:05

defi Hackers Cybersecurity security Decentralization LayerZero bridging protocol denies accusation of 'critical vulnerabilities'

Summa founder James Prestwich has accused the $382 million LayerZero bridging protocol of hosting a “critical vulnerability.”

31.01 / 17:49

Blockchain defi Altcoin Tokens How to Crypto What are reflection tokens, and how do they work?

Arguably the most dynamic segment within the crypto ecosystem, decentralized finance (DeFi) projects have been revolutionizing how cryptocurrency investors can employ their tokens to access capital and even earn additional income on their crypto holdings. However, using DeFi products such as yield farming, liquidity mining and staking pools can often be a cumbersome experience for most crypto investors.

31.01 / 16:17

Blockchain Stablecoin defi Cardano Backed ADA-backed algorithmic stablecoin Djed launched on Cardano

Since the fall of the Terra (LUNA) algorithmic-stablecoin in mid-2022, many users in the crypto space have developed a weariness towards that particular asset class. The market for algorithmic stablecoins has dropped 10 times what it was at its all-time high prior to the Terra incident.

29.01 / 20:11

defi Hackers Money laundering North Korean hackers launder $27M ETH from Harmony Bridge attack

North Korean exploiters behind the Harmony Bridge attack continue to launder the funds stolen in June 2022. According to on-chain data revealed on Jan. 28 by blockchain sleuth ZachXBT, the perpetrators moved another $27.18 million in Ethereum (ETH) over the weekend.

28.01 / 00:27

Ethereum defi Developers lending testing Aave deploys V3 on Ethereum after 10 months of testing on other networks

The third version of crypto lending app Aave has now been deployed to Ethereum for the first time, according to a Jan. 27 tweet thread from the Aave team. “Aave V3” was originally released in March 2022, and it was deployed on multiple Ethereum Virtual Machine (EVM)-compatible blockchains shortly afterward. Until now, Ethereum users only had access to the app's older “V2” version.

27.01 / 23:29

Blockchain defi hacks Davos TradFi TradFi and DeFi come together at Davos 2023: 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.

27.01 / 21:39

business defi solana lending Solana DeFi project Friktion shuts down its user platform

Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26.

27.01 / 21:39

Blockchain NFT defi Polygon Developers transactions FTX The state of Solana: Will the layer-1 protocol rise again in 2023?

About two months after the FTX collapse, the Solana network is stronger than ever, according to Austin Federa, head of strategy and communications at the Solana Foundation.

27.01 / 16:09

Blockchain Ethereum Adoption defi Creating self-sovereignty in the creator economy and Web3 — Is there room for both?

On this week’s episode of NFT Steez, hosts Alyssa Exposito and Ray Salmond meet with Web3 content writer Julie Plavnik to discuss the importance of self-sovereignty while building a digital identity in Web3.

27.01 / 00:01

business defi Web3 Chain Cross-Chain network 88x Finance partners with Axelar Network for cross-chain yield aggregator

The crypto bear market may be lasting longer than expected, but some Web3 startups see it as the perfect opportunity to build solutions and infrastructure that will welcome users and institutions when the next wave of adoption arrives.

26.01 / 20:19

Blockchain defi Aave Aave purchases 2.7M CRV to clear bad debt following failed Eisenberg attack

According to a new post on Jan. 26, Marc Zeller, integrations lead at decentralized finance (DeFi) lending protocol Aave, stated that the firm purchased 2.7 million Curve (CRV) tokens, which would clear “excessive remaining bad debt” within the next 15 hours over a dozen transactions. The move follows the community approval of Aave Improvement Protocol (AIP) 144, which deployeda swap contract that acquires 2.7 million units of CRV, with a USD Coin (USDC) spend limit of $3,105,000 and a maximum unit value of $1.15 per CRV.

26.01 / 09:27

business Law defi DEX Decentralized Exchange Court Mango Markets sues Avraham Eisenberg for $47M in damages plus interest

Mango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come out with its own lawsuit against exploiter Avraham Eisenberg.

26.01 / 00:21

defi security Binance Coin Exploit Ankr exploit victims group alleges the company only reimbursed them 50%

A group calling itself “Victims of Ankr Exploit” have claimed that its members lost over 13,000 BNB liquid staking coins (over $4 million worth at the time of writing) as a result of the Dec. 2 Ankr exploit, but have not been adequately reimbursed by the Ankr company. According to a Jan. 19 statement from the group received by Cointelegraph, affected members alleged that they have only received half of the amount they lost. The group has called on Binance’s Chanpeng Zhao (also known as “CZ”) to put pressure on Ankr to get the funds released.

25.01 / 17:39

business defi Funding Venture Capital Cosmos boost Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network.

25.01 / 01:37

markets NFT defi solana Polygon DApp Solana (SOL) price rally could fizzle out due to weak fundamentals

Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others.

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