Defi Financial News

04.11 / 14:35

Blockchain defi Conference Updates Web Summit Lisbon, Nov. 4: Latest updates from Cointelegraph’s ground team

Welcome back to day three of the Web Summit, one of the world’s leading tech conferences, with over 71,000 attendees on the third day. Stationed in Lisbon, Portugal, Cointelegraph's ground team is ready to bring the most exclusive insights on Web3, crypto and blockchain from the event.

04.11 / 14:09

business defi Cybersecurity security Immunefi launches scoring system for Web3's elite white hats

Bug bounty platform Immunefi has released its Whitehat Leaderboard — a scoring system that showcases the top 20 most elite white hats in Web3. The rank will measure a given white hat's skills and status amid Immunefi's security community, said the company at the Web Summit on Nov 4.

04.11 / 09:45

Blockchain Binance defi gala Gala Games ‘Everything is fine’ — Gala Games calls for calm after fears of multi-billion dollar hack

Blockchain gaming company Gala Games urged its community for calm after misplaced fears of a multi-billion dollar rug pull or hack caused the GALA token to temporarily crash 25.6%.

03.11 / 17:05

Hack defi Hackers Exploit Decentralized Exchange Rubic Loses $1,000,000 in Exploit Involving Private Keys

Multi-Chain swaps protocol and decentralized exchange (DEX) Rubic has lost over one million worth of tokens after attackers gained access to the private keys of an administrator's wallet.

03.11 / 17:03

Blockchain defi Investments The Sandbox co-founder explains how the metaverse has evolved for brands: Web Summit 2022

The building of the metaverse is an ongoing process. Sebastien Borget, the co-founder of The Sandbox metaverse, even called the future of the metaverse evolving.

03.11 / 13:13

Blockchain defi Ethereum 2.0 DApp Lost MEV New oracle system to help DApps retrieve millions lost to MEV

A new oracle system aims to retrieve the additional fees paid by decentralized application (DApp) users to miners called maximal extractable value (MEV). It is the maximum value a miner can extract from moving-around transactions when producing a block on a blockchain network.

03.11 / 08:41

Blockchain Ethereum defi fees Arbitrum transaction activity rockets 550% since August: Delphi Digital

Ethereum layer-2 scaling solution Arbitrum has seen a massive surge in activity since its Nitro update in August, having just clocked around 62% as many transactions as the Ethereum base layer.

03.11 / 01:53

Blockchain defi hacks Exploit Skyward finance exploit allegedly results in $3 million loss

Skyward finance, an IDO platform enabling fair token distribution for projects on the NEAR Protocol, has reportedly been exploited for 1.1M NEAR tokens, worth an estimated $3 million USD at time of publication.

03.11 / 01:17

business defi collapses 'Great cryptocurrencies have to go through several collapses,' says Cardano founder

Charles Hoskinson, the founder of Cardano and one of the co-founders of Ethereum, said one of the biggest lessons crypto users could take away from the collapse of Terra and other projects was learning to appreciate those that withstood the test of time.

02.11 / 19:43

Blockchain Technology defi settlement International Bank of International Settlement will test DeFi implementation in forex CBDC markets

According to a new announcement on Wednesday, the Bank of International Settlement, or BIS, along with the central banks of France, Singapore, and Switzerland, will be embarking on a new initiative dubbed "Project Mariana" in its exploration of blockchain technology. Project Mariana intends to use decentralized finance, or DeFi, protocols to automate foreign exchange markets and settlement.

02.11 / 12:47

Adoption Binance defi Report Blockchain Game BNB Chain DeFi ecosystem recovers almost one-third in three months

After a year-long struggle to fend off the market bears, parts of the crypto ecosystem started showing signs of recovery in the third quarter of 2022. BNB Chain’s Q3 report confirms significant growth in crypto trading volumes and decentralized finance (DeFi) but a drop in nonfungible token (NFT) trading.

01.11 / 08:43

defi Hackers hacks Scams Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021

The month of October has broken all records for crypto exploits and the amount of digital loot pilfered — living up to its new moniker of "Hacktober" — according to the latest figures.

01.11 / 04:35

defi wallet Decentralization DAO Multisignature crypto wallets are the safest bet for DAOs

Decentralized autonomous organizations are paving the way toward community governance for any kind of company. We’re seeing new creative use cases for DAOs, such as GameFi comic books laying the foundation for collectible card game development and support from key players like Ethereum co-founder Vitalik Buterin — who has claimed there is value in shared decision-making to eliminate acts of collusion.

01.11 / 00:35

defi Hackers hacks Usd Coin Returns Exploit Team Finance hacker returns $7M to associated projects after exploit

Four projects have received some $7 million worth of tokens from the hacker behind the $14.5 million Team Finance exploit on Oct. 27. Over the weekend, the attacker confirmed in a series of messages that they would keep 10% of the stolen fund as a bounty and return the other tokens to the affected projects.

28.10 / 23:35

Ethereum defi Hackers hacks Compound pauses 4 tokens to avoid price manipulation: 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.

28.10 / 22:33

markets Twitter defi identity Self-sovereignty in the creator economy and Web3 — Is there room for both?

On Oct. 28, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Web3 content writer, Julie Plavnik to discuss the importance of self-sovereignty while building a digital identity in Web3.

28.10 / 00:07

business Blockchain Technology defi audit Team Finance exploited for $14.5M during protocol migration despite contract audit

On Oct. 27, decentralized finance (DeFi) lockup protocol Team Finance said that over $14.5 million worth of tokens were exploited through the Uniswap v2 to v3 migration function on its platform. As told by blockchain security firm PeckShield, the hacker transferred liquidity from Uniswap v2 assets on Team Finance to an attacker-controlled v3 pair with skewed pricing. By locking tokens to the contract, the attacker bypassed existing validation mechanisms and pocketed the huge leftovers as a refund for profit.

27.10 / 16:15

Blockchain defi JPMorgan identity JPMorgan Exploring Digital Identity Wallets in Web3

Major investment bank JPMorgan is exploring a future in “the new web” that would see users “freely traverse across digital realms in a trusted way, all using one digital identity in multiple places.”

26.10 / 14:11

defi DEX Tokens Why do crypto projects have such a high failure rate after launchpads? | Find out in our live AMA

Bear markets are a good time to reflect — and a question that isn't asked often enough is this: Why do crypto projects have such a high failure rate… and how can they scale to boost their chances of success?

26.10 / 00:41

defi Hackers hacks lending Exploit After Mango Market exploit, Compound pauses four tokens to protect against price manipulation

Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit from Mango Market's, according to a proposal on Compound's governance forum.

25.10 / 23:13

Blockchain Stablecoin defi coinbase MakerDAO community votes to approve custody of $1.6B USDC with Coinbase

Institutional prime broker platform for crypto assets Coinbase Prime announced on Oct 24th that it had entered into a partnership with MakerDAO — the largest single holder of USDC — to become a custodian of $1.6 billion worth of the stablecoin.

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