Defi Financial News

26.09 / 18:18

Technology Adoption defi Cardano What Cardano’s Vasil hard fork means for the blockchain

After several delays and some setbacks, Cardano’s long-awaited Vasil upgrade finally went live on Sept. 22. From the outside looking in, the hard fork is designed to help improve the ecosystem’s scalability and general transaction throughput capacity as well as advance Cardano’s decentralized applications (DApps) development capacity.

26.09 / 16:25

defi hacks Decentralized Exchange Exploit Almost $1M in crypto stolen from vanity address exploit

Hacks and exploits continue to plague the decentralized finance (DeFi) sector as another vanity wallet address joins the roster of DeFi victims that collectively lost more than $1.6 billion in 2022.

26.09 / 06:09

business Blockchain defi Disney Lawyer Disney seeks corporate lawyer for 'emerging technologies' and NFTs

The Walt Disney Company could be on the verge of expanding into the crypto space after posting a new job for an “experienced corporate attorney” to work on “emerging technologies” such as nonfungible tokens (NFTs) and the Metaverse.

26.09 / 06:09

defi Terraform Labs Terra Breaking: Interpol 'Red Notice' issued for Do Kwon — South Korea prosecutors

Interpol has reportedly issued a “Red Notice” to law enforcement worldwide for the arrest of Terraform Labs co-founder Do Kwon.

23.09 / 23:57

Blockchain defi hacks saga Tornado Cash saga left a void, says Chainalysis chief scientist: 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.

23.09 / 19:49

defi Gaming Mobile Games Crypto gaming sucks — but devs can fix it

What we have today in terms of Web3 gaming is not working. Play-to-earn has not worked and neither will play-to-earn or any X-to/and-earn. On top of that, traditional gamers view nonfungible tokens (NFTs) with suspicion. They dunk on expensive apes and are skeptical of large game publishers applying the lipstick of NFTs for further monetization.

23.09 / 13:13

business defi ETF European stock exchange to list Bitcoin carbon neutral ETP

A subsidiary of DeFi Technologies, Valour, will debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP) on the Frankfurt Stock Exchange. Trading of the ETP begins on Sept. 23.

22.09 / 10:15

Law defi interview Time Tornado Cash left a void, time will tell what fills it — Chainalysis chief scientist

The sanctions on cryptocurrency mixer Tornado Cash has left a vacuum for illicit fund mixing services, but more time is needed before we’ll know the full impact, according to Chainalysis’ chief scientist.

22.09 / 10:15

business Blockchain defi Hackers Tribe DAO votes in favor of repaying victims of $80M Rari hack

After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on decentralized finance (DeFi) platform Rari Capital's liquidity pools.

21.09 / 08:03

defi Hackers hacks Smart Contracts vulnerability White hat finds huge vulnerability in ETH to Arbitrum bridge: Wen max bounty?

A self-described white hat hacker has uncovered a “multi-million dollar vulnerability” in the bridge linking Ethereum and Arbitrum Nitro and received a 400 Ether (ETH) bounty for their find.

21.09 / 00:29

Ethereum Adoption defi Liquidity Staking providers could expand institutional presence in the crypto space: Report

The Ethereum blockchain’s carbon footprint is expected to reduce by 99% following last week’s Merge event. By positioning staking as a service for retail and institutional investors, the upgrade could also have a significant impact on the crypto economy, according to a report from Bitwise on Tuesday.

20.09 / 20:43

business Blockchain Adoption defi Maple Finance launches $300M lending pool for Bitcoin mining firms

On Tuesday, institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance announced that they would provide up to $300 million worth of secured debt financing to public and private bitcoin mining firms. Qualified entities meeting treasury management and power strategies management standards located throughout North America, as well as those in Australia, can apply for funding.

20.09 / 20:25

Technology defi Metaverse Enjin co-founder: Here's a roadmap for replacing shadowbans in the metaverse

For all the hype around the metaverse, it is easy to forget it is still in its infancy. While the term has only recently entered the broad public consciousness, its impact on how we interact with technology is already expected to be deeply consequential. McKinsey & Company estimates that annual global spending within the metaverse could reach $5 trillion by 2030 across domains as broad as gaming, social, fitness, commerce and remote learning.

20.09 / 14:05

NFT defi identity Enhanced KYC checks can be a win-win for crypto exchanges and consumers — here's why

Crypto is a fast-moving sector where new trends — decentralized finance and nonfungible tokens among them — accelerate in the blink of an eye. And as demand for digital assets grows, the need for regulation grows too.

20.09 / 12:49

defi Hackers hacks $160 million stolen from crypto market maker Wintermute

Wintermute, a cryptocurrency market maker based in the United Kingdom, became the latest victim of decentralized finance (DeFi) hacks for approximately $160 million, according to Evgeny Gaevoy, the company’s founder and CEO.

20.09 / 03:41

markets defi Investments The market isn't surging anytime soon — so get used to dark times

Global markets are going through a tough period — including the cryptocurrency market. But judging by talk from the peanut gallery, it seems like some observers haven’t received the memo.

19.09 / 19:45

Blockchain defi Panda DAO says it will dissolve and return investor's assets due to internal strife

On Monday, decentralized autonomous organization Panda DAO put forth a new proposal to dissolve itself and return assets back to investors. According to the seven-point referendum, between 500 million to 700 million PANDA tokens out of 1.292 billion PANDA in circulation would be distributed among investors. Of those remaining, some would be redistributed among liquidity providers. Meanwhile, an estimated 50 million PANDA will be burned, and another 44.56 million PANDA will go towards compensation for eight of the project's core developers.

19.09 / 09:53

Blockchain Ethereum defi avalanche Exploit Decentralized exchange GMX suffers $565K price manipulation 'exploit'

Decentralized exchange (DEX) GMX has reportedly suffered a price manipulation exploit from an exploiter who managed to make off with around $565,000 from the AVAX/USD market.

18.09 / 22:51

Technology defi Cybersecurity Tech Waves founder: DAOs will never work without fixing governance

Decentralized Autonomous Organizations (DAOs) have been heralded as the future of governance, unlocking a more egalitarian approach to decision-making. However, decentralizing leadership isn’t a magical solution that instantly leads to better results. To truly get the most out of a decentralized organization, steps must be taken to regulate weighted voting and tokenomics. If not carefully balanced, DAOs can implode — and some already have.

15.09 / 00:13

Blockchain defi Terra Usd Terra Luna Terra Classic Apollo DAO to close vaults on Terra Classic

Around the same time that a South Korean court issued an arrest warrant for Terra co-founder Do Kwon, Apollo DAO, a decentralized autonomous organization building on the Terra blockchain, said it was closing down its vaults on Terra Classic (LUNC) — formerly Terra (LUNA). The project's developers wrote:

12.09 / 23:27

Blockchain defi Report GameFi fundraising jumps 135% in August, but is still down from June: Report

The GameFi sector remains a leading force in the blockchain and crypto space despite the ongoing downturn in the crypto market. Recent numbers from DappRadar revealed that Web3 games and Metaverse projects raised $748 million in funds last month. This was up 135% from July but is still a decline of 16% compared with June.

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