Defi Financial News

12.01 / 16:09

Adoption defi Podcast NOT ‘FTX was not crypto’ — DeFi Dad sets the record straight

In the fourth episode of Hashing It Out podcast series, Cointelegraph’s Elisha Owusu Akyaw discusses the evolution of decentralized finance (DeFi) with DeFi Dad, a DeFi educator and investor at Fourth Revolution Capital (4RC).

12.01 / 13:01

Blockchain defi Scams MetaMask Poisoning Crypto users Scam alert: MetaMask warns crypto users about address poisoning

A new crypto wallet address scam that tries to take advantage of user carelessness has been on the rise, according to the MetaMask team.

11.01 / 17:17

Technology defi wallet Bitcoin Wallet Multi-party computation could offer increased protection for crypto wallets

Multi-party computation (MPC) is a type of cryptographic protocol that allows multiple parties to jointly compute a function over their inputs without revealing those inputs to each other.

11.01 / 09:11

Ethereum Adoption defi layer2 transaction volume Optimism and Arbitrum flip Ethereum in combined transaction volume

Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network.

11.01 / 01:31

business defi Crypto service Tap Global becomes first 2023 listing on UK stock exchange

UK crypto app Tap Global has become the first 2023 listing on the Aquis Stock Exchange (AQSE), according to a press release from the company. The listing was accomplished through a reverse takeover by Quetzal Capital, according to a press release on Jan. 10.

10.01 / 21:53

Blockchain Technology defi Yearn.finance opens vault deployment access to all users

Decentralized yield protocol Yearn.finance said in a Jan. 9 tweet that all users can now create sophisticated Permissionless Vault Factories on its platform. The current version of Vault Factory works with stablecoin-swapping platform Curve Finance and its liquidity provider (LP) tokens and features three premade yield strategies.

10.01 / 19:57

Blockchain Technology defi Cosmos EUR stablecoin project to unwind after 2 years

According to a Jan. 9 Medium post, e-Money — a stablecoin project in the Cosmos ecosystem — will discontinue the issuance of its EURR euro stablecoin effective March 6. In explaining the decision, e-Money wrote:

10.01 / 08:47

defi regulation Decentralization Money laundering Sanctions couldn't 'pull the plug' on Tornado Cash: Chainalysis

Sanctions aimed at decentralized crypto mixer Tornado Cash weren’t able to completely cut off its usage, though it has hamstrung the service, a blockchain analytics firm has shared.

09.01 / 15:21

defi Hackers hacks Exploit Nomad exploit wallet address transfers $1.5M to Tornado Cash

An address related to the $190-million Nomad exploit has moved $1.57 million in Ether (ETH) to the sanctioned crypto mixer Tornado Cash.

09.01 / 12:01

defi hacks Cybersecurity security DeFi-type projects received the highest number of attacks in 2022: Report

It’s no secret that in 2022 the world of Web3 and decentralized finance (DeFi) experienced a slew of major exploits and attacks. From the Ronin bridge attack to the Nomad hack, the top 10 exploits alone saw over $2 billion lost.

09.01 / 05:41

defi Hackers hacks Fraud Why DeFi should expect more hacks this year: Blockchain security execs

Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated.

08.01 / 00:21

Blockchain defi Gaming gone With 2022 gone for good, what will 2023 bring to the crypto market?

If 2022 was any kind of template for gauging what the crypto market might offer for investors going forward, it proved to be terribly difficult to predict. The space saw a brutal shock to the global crypto market capitalization, which fell just over 60% from $2.2 trillion to about $797 billion year to date. It also saw the two largest cryptocurrencies by market cap, BTC and ETH, fall by 64% and 67%, respectively, during the same time frame, with the concurrent slide in the alt market too.

07.01 / 01:41

Blockchain defi Scams Lost $3.9 billion lost in the cryptocurrency market in 2022: Report

Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022.

06.01 / 23:31

Blockchain defi Hackers December DeFi exploits were the lowest 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.

06.01 / 19:13

defi hacks Cybersecurity security Balancer Balancer warns some LPs to remove liquidity ASAP because of a 'related issue'

In a Jan. 6 tweet, DeFi protocol Balancer warned certain liquidity providers to remove their LPs "ASAP" due to an ongoing issue related to some of the service's pools. Some pools have had their fees set to zero by the balancer emergency multisig, but the team indicated that not all effects of the still unknown issue could be mitigated in this way.

05.01 / 22:51

Blockchain Technology defi Quantum computers may soon breach blockchain cryptography: Report

According to a recent paper, Chinese researchers claimed to have discovered a novel method to break the Rivest–Shamir–Adleman 2048 bit (RSA-2048) signing algorithm present in blockchains and other security protocols. RSA is a cryptographic technique that utilizes a public key to encrypt information and a private key to decrypt them.

05.01 / 10:13

defi Hackers hacks Court Mango Markets exploiter Avraham Eisenberg ordered into detention pending trial

In a new update to the Mango Markets exploit saga, the United States District Court for the District of Puerto Rico has issued an order of detention to the infamous Mango Markets exploiter Avraham Eisenberg.

05.01 / 02:37

markets defi Solana Ecosystem Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem

Bonk, a meme token modeled after Shiba Inu (SHIB) that launched on Dec. 25, is skyrocketing and some traders believe the token’s trading volume is potentially driving Solana’s (SOL) price up. Over the past 48 hours, SOL price has gained 34%, and in the past 24 hours, Bonk has climbed 117%, according to data from CoinMarketCap. While the wider crypto market remains suppressed, traders are hoping that Bonk could present new opportunities during the downturn.

04.01 / 16:49

defi Hackers Cybersecurity security Hackers steal $3.5M worth of digital assets from GMX whale

Hackers have started the year with another exploit, with several million being taken from a whale holding large amounts of decentralized finance (DeFi) protocol GMX’s native token.

04.01 / 13:55

Blockchain defi security Uniswap vulnerability DeFi auditor nets $40,000 for identifying Uniswap vulnerability

Uniswap’s recently launched bug bounty program has led to the discovery of a now-fixed vulnerability of the protocol’s Universal Router smart contract.

04.01 / 02:07

Technology Adoption defi Internet Users need to go under the engine in Web3 — HashEx CEO

Hacking in Web3 is easy because it uses the same pattern that’s been used since the inception of the internet — pretending to be someone else.

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