Defi Financial News

24.11 / 14:32

Law defi regulation Tether Bitfinex Bitcoin Tether, Bitfinex agree to drop opposition to FOIL request

Tether and Bitfinex have jointly agreed to drop initial opposition to a Freedom of Information Law (FOIL) request lodged in New York by a number of high-profile news publications.

24.11 / 02:23

defi regulation Taxes Tax Agency crypto rules Australia’s tax agency won’t clarify its confusing, ‘aggressive’ crypto rules

Australia’s tax regulator has been unable to clarify confusing aspects of its new guidance that suggests capital gains tax (CGT) is payable on a slate of everyday decentralized finance transactions.

23.11 / 18:19

defi Hackers hacks DEX Cybersecurity security Cybercrime KyberSwap attacker used ‘infinite money glitch’ to drain funds: DeFi expert

The attacker who drained $46 million from KyberSwap relied on a “complex and carefully engineered smart contract exploit” to carry out the attack, according to a social media thread by Ambient exchange founder Doug Colkitt.

23.11 / 11:10

defi DEX Web3 Tokens This exchange is celebrating its fourth-year anniversary with a bold move to empower the crypto community

Users have concerns about centralized exchanges’ transparency and trustworthiness, but decentralized alternatives lack liquidity and security. Crypto exchange Phemex, celebrating its 4th year anniversary this week, is poised to usher in a new era, where traditional barriers in finance are dismantled and users have unprecedented control over their assets and financial destinies.

23.11 / 03:51

defi hacks DEX KyberSwap KyberSwap DEX exploited for $46 million, TVL tanks 68%

Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit.

22.11 / 19:39

Blockchain defi hacks Huobi HTX exchange loses $13.6M in hot wallet hack: Report

HTX, formerly Huobi Global, suffered an estimated loss of $13.6 million as part of a $86.6 million exploit against the HECO Chain bridge on Nov. 22.

22.11 / 17:01

defi DEX PancakeSwap Pancakeswap implements new ‘Gauges’ voting system and sunsets vCAKE metric

Decentralized crypto exchange Pancakeswap has implemented a new voting system. Called “Gauges,” the system allows governance token holders to vote for additional rewards to be distributed to particular pools, according to a Nov. 22 blog post. The exchange has also sunsetted its vCAKE metric, replacing it with a new metric called “veCAKE.”

21.11 / 16:07

Blockchain Ethereum defi Circle Usd Coin Circle launches 'bridged USDC standard' for deploying to new networks

Circle has launched a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post.

21.11 / 15:45

defi USDT Platform Tesla Huobi SpaceX 2020 De.Fi 2.0: Revolutionizing SocialFi & Antivirus, Secures $5 Million in Funding

De.Fi, a platform that describes itself as a “SocialFi & Antivirus SuperApp,” has achieved a major milestone with the introduction of decentralized finance (DeFi) platform De.Fi 2.0, along with an ongoing public sale of its DEFI token.

21.11 / 09:51

Blockchain defi Hackers hacks dYdX founder blames V3 central components for 'targeted attack,' involves FBI

Decentralized finance (DeFi) protocol dYdX founder Antonio Juliano took to X (formerly Twitter) to share some of the findings of the investigation into the loss of $9 million in insurance funds, in what many suspected was an exit scam that took place on Nov. 17.

20.11 / 20:13

Ethereum defi security Proof-of-stake Staking Addressing centralization concerns in liquid staking — Q&A with Swell

Liquid staking (LST) has emerged as a popular solution for Ethereum users to participate in staking without locking up their Ether (ETH) for extended periods. However, concerns have been raised about the potential for liquid staking to centralize power within the Ethereum ecosystem. In this interview, Daniel Dizon, founder of Swell, a noncustodial ETH liquid staking protocol, discusses these concerns and shares his vision for the future of liquid staking on Ethereum.

20.11 / 11:47

Blockchain Ethereum defi hacks Bridges have big problems — How can cross-chain swaps be quicker and safer?

A big problem when transferring assets from one blockchain to another concerns bridges. Between 2020 and 2022, data from Token Terminal revealed that more than $2.5 billion had been stolen by hackers — all because of vulnerabilities within bridge infrastructure.

19.11 / 18:13

defi Trading Altcoin Tokens Decentralized Exchange dYdX raises margin requirements in some markets, bans “highly profitable trades”

Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses.

19.11 / 09:41

Hack defi dydx dYdX DEX and YFI Token Hit by $9 Million Targeted Attack – Here’s What Happened

Decentralized exchange dYdX has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange.

18.11 / 19:56

business defi Trading community dYdX founder claims targeted attack led to $9M insurance claim

Decentralized exchange (DEX) dYdX was forced to use its insurance fund to cover $9 million in user liquidations on Nov. 17. According to dYdX founder Antonio Juliano, the losses resulted from a "targeted attack" against the exchange.

18.11 / 16:31

defi Altcoin Decentralization yearn.finance Yearn.Finance token tumbles 43%, community speculates on exit scam

Yearn.Finance's governance token (YFI) plummeted over 43% in just five hours on Nov. 18 after rallying almost 170% early in the month, stirring fears about a possible exit scam.

18.11 / 10:57

Blockchain Law defi Tokens crimes Former Bithumb chair faces 8-year imprisonment

Lee Jeong-hoon, the former chair of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might face an eight-year prison sentence, with a verdict scheduled for Jan. 18, 2024.

17.11 / 22:15

markets defi Altcoin 3 metrics DeFi traders can watch in order to spot the next crypto bull market

The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in the crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance protocols surge from $1 billion to over $100 billion. However, the DeFi market has also been prone to significant corrections. In 2021, the DeFi market experienced a correction that saw the TVL fall from $100 billion to $40 billion.

17.11 / 20:57

Blockchain Adoption defi CFTC Bitcoin Payments SushiSwap Sushi to test Bitcoin swaps and Opyn DeFi protocol founders cave to CFTC pressure: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

17.11 / 14:35

defi SushiSwap Bitcoin Sushi Makes DeFi History with Native Bitcoin on ZetaChain

Decentralized finance (DeFi) protocol Sushi has made history by adding support for the use of native Bitcoin (BTC) on its protocol through an expansion to ZetaChain.

17.11 / 11:35

Ethereum defi Platform Airdrop Nov pyth Pyth Airdrop: Ethereum, Solana, and Aptos Set to Benefit from New Platform Launch – Here’s How to Check Eligibility

DeFi oracle network Pyth has announced the launch of its airdrop campaign, which will distribute approximately 255 million PYTH tokens to its users and community members.

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