Defi Financial News

24.10 / 17:55

Blockchain Ethereum Binance defi What are governance tokens, and how do they work?

Governance tokens are a type of cryptocurrency that allow tokenholders to vote on the direction of a blockchain project. The primary purpose of governance tokens is to decentralize decision-making and to give holders a say in how the project is run.

23.10 / 09:05

Adoption defi Investments 2020 Web3 to inject $1.1T in India's GDP by 2032, following 37x growth since 2020

The global Web3 boom is expected to add $1.1 trillion to the Indian economy over the next decade, supporting the investment-based momentum driven by over 450 in-house startups, including CoinDCX, Polygon and CoinSwitch.

22.10 / 01:01

markets defi 3 reasons why DeFi investors should always look before leaping

Welcome readers, and thanks for subscribing! The Altcoin Roundup newsletter is now authored by Cointelegraph’s resident newsletter writer Big Smokey. In the next few weeks, this newsletter will be renamed Crypto Market Musings, a weekly newsletter that provides ahead-of-the-curve analysis and tracks emerging trends in the crypto market.

22.10 / 01:01

Twitter defi Hackers Hero Exploit Unsung hero saves DeFi protocol from potential exploit: 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.

20.10 / 07:17

Blockchain defi Smart Contracts layer2 Cross-Chain Exploit Twitter user saves cross-chain bridge from potential exploit

A cross-chain bridge between BitBTC and the Ethereum layer-2 network Optimism has been able to avoid a potentially costly exploit thanks to the work of an eagle-eyed Twitter user.

19.10 / 23:11

Technology defi Tokens Testnet Aptos Foundation airdrops 20M tokens to its early testnet users

Layer-1 blockchain company Aptos Foundation announced on Oct 18 that it had rewarded its early network participants with free APT tokens.

19.10 / 22:41

markets defi solana 3 key Solana metrics explain exactly why SOL price is down

The past eighty days have been moderately bearish for cryptocurrencies as the altcoin market capitalization declined by 16%. The downside movement can be partially explained by the United States Federal Reserve’s quantitative tightening, rising interest rates and the halting of asset purchases. Although they are aimed at curbing inflationary pressure, the policy also increases borrowing costs for consumers and businesses.

19.10 / 22:41

Binance defi Uniswap Binance delegates 13.2M UNI tokens, becoming Uniswap DAO's second-largest vote-holder

Crypto exchange Binance is now the second-largest entity by voting power in the Uniswap DAO, sitting just behind the venture firm Andreessen Horowitz, ora16z, according to the on-chain list of delegates.

19.10 / 05:21

defi Hackers hacks lending Returns Moola Market attacker returns most of $9M looted for $500K bounty

An attacker has returned just over 93% of the more than $9 million worth of cryptocurrencies they exploited from the Celo (CELO) blockchain-based decentralized finance (DeFi) lending protocol Moola Market.

19.10 / 03:13

Technology defi Tech Democracy DAOs need checks and balances to have better governance

Over the past few years, decentralized autonomous organizations (DAOs) have introduced a clear paradigm shift in blockchain governance. With their community decision-making and adherence to hardcoded rules, they have challenged the role of hierarchy and central authority that are present in modern organizations, especially as it pertains to business. Ideologically, DAOs have a lot in common with democracies: individuals holding an amount of a DAO’s specific token can allocate those tokens as votes on governance proposals. Once voting has concluded, the final outcome is executed autonomously by smart contracts.

18.10 / 05:57

Law defi Hackers hacks Mango Markets exploiter said actions were ‘legal,’ but was it?

The $117 million Mango Markets exploiter has defended that their actions were ‘legal,’ but a lawyer suggests that they could still face consequences.

17.10 / 17:44

Technology Adoption defi Trading How decentralized exchanges have evolved and why it's good for users

Decentralized exchanges (DEXs) first appeared in the cryptocurrency industry in 2014, allowing users to trade a wide number of assets peer-to-peer.

17.10 / 09:07

business Blockchain Technology defi Time Polkadot hits all-time high in development activity

According to data from programming repository GitHub, Polkadot recognized more than 500 contributions each day in September — an all-time high for the multichain protocol. Simultaneously, data from Polkadot's cross-consensus interoperability standard XCM show that a record 26,258 messages were sent between its parachains. In total, 14,930 developers' contributions were recorded on Polkadot's GitHub in the month of August.

17.10 / 08:29

markets Blockchain defi Royalties Crypto Twitter split as another NFT platform moves to opt-in royalties

Solana-based Magic Eden has become the latest NFT marketplace to shift to an optional royalties model, following in the footsteps of X2Y2 in August, albeit reluctantly.

16.10 / 08:39

business defi hacks Loans Time Wintermute repays $92M TrueFi loan on time despite suffering $160M hack

When Wintermute, a cryptocurrency market maker, lost $160 million due to a hack, concerns related to the repayment of debt worth $189.4 million surfaced. However, in an exciting turn of events, Wintermute paid back its largest debt due Oct. 15, involving a $92 million Tether (USDT) loan issued by TrueFi.

15.10 / 10:40

defi Value Trade Crypto hackers set for record year after looting over $3 billion

At least $718 million has been stolen so far in October alone, taking the gross tally for the year past $3 billion and putting 2022 on course to be a record for the total value hacked, according to blockchain specialist Chainalysis Inc. Most of the targets are so-called decentralized finance — or DeFi — protocols, which deploy software-based algorithms to enable crypto investors to trade, borrow and lend on digital ledgers without using a central intermediary. Hackers have become adept at exploiting weaknesses in the security, coding and structure of DeFi marketplaces. That’s putting the onus on crypto players to find solutions given that DeFi is touted as important for crypto adoption.

15.10 / 00:19

defi Hackers hacks Loans settlement Mango Market's DAO forum set to approve $47M settlement with hacker

Following a $117 million exploit on Oct. 11, the Mango Markets community is set to make a deal with its hacker, allowing the hacker to keep $47 million as a bug bounty, according to the decentralized finance (DeFI) protocol governance forum.

15.10 / 00:05

Blockchain defi Hackers hacks Barely halfway and October already the biggest month in crypto hacks: 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.

14.10 / 06:55

defi Developers Report Smart Contracts Web3 devs ‘more active than ever’ amid crypto winter: Report

Web3 developers don’t appear to be fazed by the crypto bear market, with one Web3 platform suggesting they’re “more active than ever” — particularly on the Ethereum (ETH) network.

14.10 / 00:20

Technology defi DApp Tech Time NOT Time to switch from LinkedIn to MetaMask? Not yet, but soon

The function of crypto wallets has changed significantly over the last few years. They initially secured token holdings or served as art galleries with nonfungible tokens (NFTs). Today, they’ve become like bank accounts for many, and soon, they will offer even more functionality by enabling digital curriculum vitae (CVs).

13.10 / 19:15

Art Adoption defi Al tech aims to make metaverse design accessible for creators

Artificial intelligence (AI) is a mainstay in many Web3 activities. From nonfungible token (NFT) creation to fraud detection, it is integral to the roots of what makes up decentralized technology.

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