Defi Financial News

06.10 / 15:25

defi SushiSwap GoldenTree Asset Management Reveals $5.3 Million Position in SushiSwap

GoldenTree Asset Management has invested roughly $5.3 million in SUSHI, the governance token of the decentralized finance protocol SushiSwap.

06.10 / 14:29

event Adoption defi Dubai Bitcoin can solve the DeFi onboarding crisis, argues exec

As the decentralized finance (DeFi) space remains plagued with hacks, people have become less interested in jumping in and engaging with DeFi. But according to Dennis Jarvis, the CEO of Bitcoin.com, there is a way for DeFi adoption to move forward through Bitcoin (BTC).

05.10 / 07:21

Blockchain defi DEX Cybercrime Cross-Chain ‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic

New research from blockchain analytics and crypto compliance firm Elliptic has revealed the extent to which cross-chain bridges and decentralized exchanges (DEXs) have removed barriers for cybercriminals.

03.10 / 05:25

defi Hackers hacks Cybersecurity Returns Transit Swap ‘hacker’ returns 70% of $23M in stolen funds

A quick response from a number of blockchain security companies has helped facilitate the return of around 70% of the $23 million exploit of decentralized exchange (DEX) aggregator Transit Swap.

01.10 / 19:39

Blockchain Twitter defi solana Solana Price Plunges as Blockchain Suffers Outage Again

Solana's price has taken a hit amid another major outage that has grinded the network activity to a halt.

01.10 / 17:31

defi Platform Uniswap Intel Uniswap to Raise $100 Million in New Funding Round

Uniswap Labs – the firm behind one of the world's largest decentralized exchanges, Uniswap – is looking to raise a massive $100M fund in its latest funding round. This round follows Uniswap's previous Series A funding in 2020.

01.10 / 15:37

defi DAI Bitcoin Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO

Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (WBTC) — roughly worth $153M — from MakerDAO.

01.10 / 03:41

Law defi Gaming The feds are coming for the metaverse — from Axie Infinity to Bored Apes

The metaverse is a futuristic iteration of the internet, featuring a digital economy and an immersive virtual environment alongside other interactive features. This relatively nascent space has gained so much traction in recent years that conservative estimates suggest that by 2024, its total valuation could top $800 billion. Meta (the parent body behind Facebook and Instagram), Google, Microsoft, Nvidia, Nike and others have made Fortune-100-sized metaverse splashes.

01.10 / 01:00

defi hacks Private Keys Amber Group uses simple hardware to show just how fast, easy the Wintermute hack was

Amber Group has reproduced the recent Wintermute hack, the Hong Kong-based crypto finance service provider announced on its blog. The process was fast and simple, and used hardware easily accessible to consumers. Wintermute lost over $160 million in a private key hack on Sept. 20.

30.09 / 23:51

defi Federal Reserve DeFi needs appropriate regulation before moving to retail, says Fed Chair: 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.

30.09 / 20:43

NFT defi Polkadot The inevitable: This project thinks the worlds of DeFi and NFTs are about to merge

A community-driven platform is making a bold prediction for the future: the worlds of DeFi and NFTs will eventually fuse and form a new, brighter star.

30.09 / 15:09

Ethereum defi Investments Funding valuation DEX dev Uniswap Labs looks for new funding at unicorn valuation: Report

Major decentralized exchange (DEX) Uniswap is in the early stages of raising significant funds to further expand its decentralized finance (DeFi) offerings, according to a new report.

30.09 / 06:39

Twitter defi YouTube Pump and Dump ‘I've done nothing wrong’ — Lark Davis denies ‘pump-and-dump’ allegations

Crypto influencer Lark Davis has refuted new allegations from Twitter “on-chain sleuth” ZachXBT of shilling “low cap projects” to his audience “just to dump them shortly after.”

29.09 / 16:41

Government defi regulation Ooki DAO members explore options in response to CFTC lawsuit

Members of the decentralized autonomous organization (DAO) called Ooki DAO have started looking into an appropriate response to the charges filed by the United States Commodities Futures Trading Commission (CFTC).

29.09 / 04:05

business defi Liquidity Loans Maple Finance CEO: Separating risk from lending saved DeFi from market crash

Maple Finance co-founder and CEO Sid Powell says that transparency has been the saving grace of decentralized finance (DeFi) amid the prolonged crypto market slump.

28.09 / 13:13

Blockchain defi Hackers hacks MEV MEV bot earns $1M but loses everything to a hacker an hour later

An Ethereum arbitrage trading bot managed to hit the jackpot and lose it all on the same day in an ironic turn of events in decentralized finance (DeFi).

28.09 / 11:11

business defi lending FTX reportedly considers bailing out Celsius via asset bid

Crypto exchange FTX, led by crypto billionaire Sam Bankman-Fried (SBF), is reportedly considering bailing out Celsius Network by bidding on the bankrupt lender’s assets. Coincidently, the information came out the same day Alex Mashinsky resigned as the CEO of Celsius.

28.09 / 07:03

defi regulation Federal Reserve Fed's Powell: DeFi needs appropriate regulation before expanding to retail

United States Federal Reserve chairman Jerome Powell has spoken out about the expansion of decentralized finance (DeFi) and its impact on the traditional finance ecosystem, calling for appropriate regulation.

28.09 / 05:41

Blockchain defi Hackers hacks NOT Wintermute inside job theory 'not convincing enough' —BlockSec

Blockchain security firm BlockSec has debunked a conspiracy theory alleging the $160 million Wintermute hack was an inside job, noting that the evidence used for allegations is “not convincing enough."

27.09 / 09:07

Blockchain defi Hackers hacks Cyber Cyber sleuth alleges $160M Wintermute hack was an inside job

A fresh new crypto conspiracy theory is afoot — this time in relation to last week's $160 million hack on algorithmic market maker Wintermute — which one crypto sleuth alleges was an "inside job."

26.09 / 21:01

Blockchain defi Investments DeFi lending protocol created by ex-QuadrigaCX co-founder surpassed $50M in TVL

According to DeFi Llama, UwU Lend, a decentralized finance, or DeFi, protocol that acts as a money market on the Ethereum blockchain, has surpassed $50 million in total value locked (TVL). The non-custodial protocol was created by Michael Patryn, known by the pseudonym "Sifu," who was the co-founder of defunct cryptocurrency exchange QuadrigaCX.

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