Defi Financial News

24.11 / 22:21

Blockchain Technology defi Cardano Leading Cardano stablecoin project shuts down after excruciating launch delays

On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted development, citing "funding and project timeline uncertainty." The project will remain open-source for builders while treasury balances and remaining funds will be held by Ardana Labs "until another competent dev team in the community comes forward to continue our work."

24.11 / 00:49

Blockchain Technology defi Aave proposes governance changes after failed $60M short attack

On Nov. 23, one day after Mango Markets exploiter Avraham Eisenberg attempted to use a series of sophisticated short sales to exploit decentralized finance protocol Aave, project contributors have put forth a series of proposals to deal with the aftermath. As told by protocol engineering developer Llama and financial modeling platform Gauntlet both of whom are deployed on Aave:

23.11 / 17:11

defi Investments DEX Forex Ava Labs DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise.

23.11 / 15:57

Ethereum Stablecoin defi Crypto awakening: Researcher explains ETH exodus from exchanges

Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse.

23.11 / 09:05

defi Cybercrime phishing Bitcoin tracking Cybercrooks to ditch BTC as regulation and tracking improves: Kaspersky

Bitcoin (BTC) is forecasted to be a less enticing payment choice by cybercriminals as regulations and tracking technologies improve, thwarting their ability to safely move funds.

22.11 / 20:13

Blockchain Technology defi Aave Exploit Mango Markets hacker allegedly feigns Curve short attack to exploit Aave

As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major short-seller attack. According to Lookonchain, ponzishorter.eth, an address associated with Mango Markets exploiter Avraham Eisenberg, first swapped 40 million USD Coin (USDC) on Nov. 13 into decentralized finance protocol Aave to borrow CRV for selling.

22.11 / 17:19

Law defi regulation Court hearing Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing

Detained Tornado Cash developer Alexsey Pertsev will spend another three months in custody in the Netherlands, according to a court hearing held on Nov. 22.

22.11 / 15:23

defi privacy Uniswap user data Uniswap Decentralized Exchange New Privacy Policy Says Platform Will Collect User Data – Here’s What’s Included

Major decentralized exchange (DEX) Uniswap has upgraded its privacy policy and now collects certain on-chain and off-chain data from users, a move that has attracted the ire of some members of the crypto community.

22.11 / 09:11

Twitter defi Scams phishing Fried Sam Sam Bankman-Fried deepfake attempts to scam investors impacted by FTX

A faked video of Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has circulated on Twitter attempting to scam investors affected by the exchange’s bankruptcy.

21.11 / 23:57

markets Ethereum defi Trading Lido fundamentals shine even as the wider crypto market struggles to regain traction

The crypto market has witnessed a turbulent few weeks after the FTX collapse but Lido Finance, a liquid staking protocol, has been a bright spot amidst the chaos. According to Data from DeFiLlama, Lido protocol has earned $1 million or more in fees daily since October 26.

21.11 / 19:41

defi FTX exchanges FTX showed the value of using DeFi platforms instead of gatekeepers

The rapid implosion of FTX has led general investors and crypto believers alike to question the validity of crypto and, indeed, predict its end. But, an understanding of history points not to crypto’s demise but rather a move toward new technology and growth.

20.11 / 20:43

Blockchain Ethereum defi Bitcoin FTX funds on the move as thief converts thousands of ETH into Bitcoin

According to blockchain analysis company Chainalysis, funds stolen from the FTX crypto exchange are now being converted from ETH into Bitcoin. On Nov. 20, Chainalysis took to Twitter to encourage exchanges to freeze these coins, should the thief attempt to convert them into fiat or further obfuscate the assets through other means.

19.11 / 19:43

defi Decentralization Digital Asset index Decentralization index from Cardano builder, U of Edinburgh will help users understand assets

The University of Edinburgh and Input Output Global (IOG), the builder of the Cardano network, have teamed up to create a blockchain decentralization index, IOG announced on its blog. The new service is the first of its kind and will use a “research-based” methodology developed at the university.

19.11 / 16:09

NFT defi Job What are soulbound tokens (SBTs) and how do they work?

By creating an alternative financial system with extraordinary flexibility and innovation in less than ten years, Web3 has astounded the globe. Economic and cryptographic primitives such as smart contracts and consensus mechanisms have helped to create an open-source system to conduct and authorize financial transactions.

18.11 / 23:31

defi DEX FTX CEX DeFi platforms see profits amid FTX collapse and CEX exodus: 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.

18.11 / 17:05

Blockchain defi DEX Smart Contracts First omnichain smart contracts platform launches in full: Interview with ZetaChain

DeFi is supposed to be the great recalibrator of finance. It is supposed to offer people a better alternative to traditional centralized financial tools and services. Recently, we've all seen how centralized services can result in catastrophic losses for users due to lack of transparency.

18.11 / 07:17

defi Scams Fraud identity Crypto scammers are using black market identities to avoid detection: CertiK

Crypto scammers have been accessing a “cheap and easy” black market of individuals willing to put their name and face on fraudulent projects — all for the low price of $8, blockchain security firm CertiK has uncovered.

17.11 / 15:15

Blockchain defi DEX CEX A CEX-like DEX: an Interview with Polkadex CEO Gautham J

DeFi is rife with great ideas capable of rebalancing financial power dynamics. However, so far, these ideas have proven hard to implement in sustainable and convenient ways.

16.11 / 23:59

markets Ethereum defi DEX CEX DeFi platforms see profits amid FTX collapse and CEX exodus

A week after the fallout from the FTX and Alameda chaos some on-chain data points are interesting to observe. Although record amounts of Bitcoin (BTC) and Ethereum (ETH) volume are leaving the exchanges, not all decentralized applications (DApps) and protocols have shown growth, mainly due to reliance on FTX and Alameda.

16.11 / 15:09

defi Investments Bitcoin Tim Draper still positive on $250K Bitcoin price prediction in 2023

Billionaire venture capitalist and serial blockchain investor Tim Draper is not giving up on his near-term Bitcoin (BTC) prediction despite the recent issues in the cryptocurrency industry.

16.11 / 00:33

business Blockchain defi Bankruptcy Withdrawals FTX fallout continues: BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits

In an official update sent to clients on Nov 14, BlockFi admitted to having “significant exposure” to FTX and its affiliated companies, but insisted it had “the necessary liquidity to explore all options”. The news came as somewhat of a surprise since on Nov. 8, BlockFi’s founder and chief operating officer, Flori Marquez, assured users in a Twitter thread that all BlockFi products were “fully operational” because it had a $400 million line of credit from FTX US, which is a separate entity from FTX, the global entity affected by the liquidity crunch.

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