Defi Financial News

24.01 / 19:09

Blockchain defi Altcoin SushiSwap SushiSwap passes 100% fee relocation, 10.9M SUSHI clawback proposals

According to a governance proposal passed on Jan. 23, decentralized exchange (DEX) SushiSwap will soon redirect 100% of trading fees on the platform to its treasury for operations and maintenance for one year's duration. The move came after CEO Jared Grey warned that the exchange "only has 1.5 years of treasury runway left," even after slashing annual operating expenses from $9 million to $5 million amids the ongoing crypto winter.

24.01 / 17:15

Blockchain defi economy World Economic Forum Davos TradFi TradFi and DeFi come together — Davos 2023

Traditional finance, or TradFi, continues to explore the world of cryptocurrencies and blockchain technology, with the World Economic Forum holding more workshops and sessions for the sector in 2023. These were major themes seen by the Cointelegraph team as they covered the action throughout a busy week in Davos, Switzerland. In a late-night recording session, the team recapped everything readers need to know about the week for the new Decentralize With Cointelegraph podcast.

24.01 / 15:15

defi DEX Uniswap Uniswap holders ditch Ethereum for BNB PoS Chain to deploy V3 protocol

Holders of Uniswap (UNI) have decided to deploy the third version of the decentralized exchange (DEX) protocol on BNB Chain, a rival of the Ethereum network.

24.01 / 13:37

Blockchain Technology defi regulation transactions Future A brighter future for crypto is on the horizon thanks to zero-knowledge solutions

Last year has been a rollercoaster year for crypto: from the collapse of big wallet providers to the unfolding FTX saga, and the all too familiar occurrences of rug pulls, scams and bankruptcies. While the market is still trying to find its footing in the aftermath of what can be categorized as a challenging year, there is a case to be made for this being a net positive for an industry that is still going through substantial growing pains.

24.01 / 09:05

Blockchain defi Hackers hacks Loans Leverage Wormhole hacker moves $155M in biggest shift of stolen funds in months

The hacker behind the $321 million Wormhole bridge attack has shifted a large chunk of stolen funds, with transaction data showing that $155 million worth of Ether (ETH) was transferred to a decentralized exchange (DEX) on Jan 23.

23.01 / 14:09

Adoption NFT defi Microsoft Web3 Metaverse data 69% users bet metaverse entertainment will reshape social lifestyle: Data

Last year the crypto and Web3 saw a dichotomy between extremely turbulent markets, yet high prospects for the future of the space. Both users and investors alike have continued to pile into the industry, especially in areas concerned with the metaverse.

23.01 / 06:15

business Blockchain Ethereum Adoption defi privacy Vitalik Buterin divulges the 'largest remaining challenge' in Ethereum

Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” on Ethereum — privacy.

22.01 / 21:33

Blockchain defi Mainnet Terra Terra Classic mars Terra lending protocol Mars to launch mainnet

The original Terra lending protocol, Mars Hub, announced the launch of its independent Cosmos application chain on Jan. 31, along with the issue of MARS tokens to users who hold it during the two snapshots on Terra Classic.

20.01 / 18:55

Blockchain Ethereum Adoption NFT defi Blockchain Game NFT Steez Future NFT Steez and Cryptoys CEO discuss the future of toys and entertainment within Web3

This week NFT Steez met with Cryptoys founder Will Weinraub to discuss the current role of play and toys in regard to their integration with nonfungible tokens (NFTs) and Web3 as a whole.

20.01 / 12:13

Adoption NFT defi DApp Dapps NFT sales topped 101 million in 2022: DappRadar report

Over the last year, nonfungible tokens (NFTs) continued to play an important role in the growing Web3 industry. NFTs initiated a shift away from hype-based drops, to utility-centric projects with long-term value.

20.01 / 01:45

Ethereum Stablecoin Adoption defi Financial Services Decentralized forex will reduce cost by as much as 80%: Report

If the foreign exchange market starts using DeFi protocols instead of the current centralized systems, the cost of remittances could be reduced by “as much as 80%,” according to a Jan. 19 paper jointly published by researchers at Circle and Uniswap.

19.01 / 21:51

markets defi Amazon avalanche Data suggests Avalanche’s (AVAX) rally was a buy the rumor, sell the news event

Avalanche (AVAX) came into the spotlight early at the beginning of 2023 by adding its blockchain support to Amazon Web Services (AWS) cloud. However, empirical and on-chain analysis suggests that Avalanche’s price surge is likely due to a broader cryptocurrency market pump which will likely end with the rest of the market.

19.01 / 20:07

Ethereum defi Bitcoin DeFi problems and opportunities in 2023. Market Talks

On this week’s episode of Market Talks, Cointelegraph welcomes Grant Shears, founder of Blocmates — an educational and consultancy company that aims to create crypto, DeFi and Web3 content that anyone can understand.

19.01 / 14:23

defi regulation security Today’s iteration of DeFi could be criminalized by 2025. Here’s how its replacement could look

In the wake of an eventful 2022 for the crypto space, many investors are now wondering what the future holds. Early this year, the crash course the Terra ecosystem went on sent the space into a downward spiral, sinking millions in investor funds in mere days. Most recently, one of the biggest centralized exchanges, FTX, filed for bankruptcy, also dragging down millions in customer assets.

19.01 / 13:27

defi Hackers hacks Raydium exploiter moves $2.7M to crypto mixer Tornado Cash

In an alert, blockchain security firm CertiK reported that the Raydium protocol exploiter had sent 1,774.5 Ether (ETH) to the mixer. The amount is worth around $2.7 million at the time of writing.

18.01 / 15:03

Blockchain Adoption defi avalanche Ava Labs TradFi NOT DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023

Decentralized finance (DeFi) is on its way from becoming a small niche within the financial industry to something traditional finance (TradFi) is trying to incorporate.

17.01 / 06:15

defi DEX Decentralized Exchange exchanges SushiSwap's new DEX aggregator will '10x our market share' — Head Chef

Just a month after warning of a "significant deficit" in its treasury, the CEO of decentralized exchange (DEX) SushiSwap has shared several planned updates to the platform which it says is intended to "10x" its market share in 2023.

16.01 / 14:07

Binance defi Hackers Bitcoin Binance, Huobi team up to recover $2.5M from Harmony One hackers

Security teams at crypto exchanges Binance and Huobi worked together to freeze and recover 121 Bitcoin (BTC) from hackers behind the Harmony bridge exploit.

14.01 / 23:19

Blockchain defi avalanche MetaMask Ava Labs network How to connect the Avalanche network to MetaMask?

One of the main properties advanced in blockchain technology is interoperability, the art of different blockchains communicating with one another. Interoperability is crucial when it comes to exchanging data and assets such as nonfungible tokens (NFTs) or cryptocurrencies while enjoying the best of two or more platforms to save on fees, for example, or transact faster.

13.01 / 21:17

Ethereum defi MetaMask Staking MetaMask Staking launches, plugging into Lido and Rocket Pool liquid staking

MetaMask users are set to have access to Ethereum liquid staking providers Lido and Rocket Pool courtesy of a new integration unveiled by ConsenSys.

13.01 / 14:11

Blockchain defi creditors Restructuring Plan Hodlnaut creditors reject the restructuring plan, prefer liquidation

The Singapore-based troubled crypto lender is looking at a possible liquidation as the firm's creditors have rejected the proposed restructuring plan and are seeking liquidation of the platform’s assets.

what you should know about defi

What is defi and why is it relevant?

Defi is a trending topic that interests a wide audience. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on defi?

All new posts about defi can be found in the highlighted block. We publish information as it becomes available.

How can I verify the accuracy of information on defi?

We consult with professionals to ensure that the information about defi is accurate and informative for our readers.