Defi Financial News
12.09 / 22:33
defi
Algorand
Terra Luna
Lost
Algorand Admits it has Lost $35 Million in the Hodlnaut Implosion
The ongoing bear market in the cryptocurrency market that started earlier this year has led to many companies suffering immense losses. One of the recent firms to announce losses because of the bear market is Algorand, which has reported a loss of $35 million following the Hodlnaut debacle.
10.09 / 00:15
defi
hacks
avalanche
Time
DApp activity rises 3.7% in August for the first time since May: 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.
09.09 / 01:13
Blockchain
defi
Report
Time
DeFi DApps activity rises 3.7% in August for first time since May — Report
DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar.
08.09 / 16:19
Technology
Ethereum
defi
Ether price
What the Ethereum Merge means for the blockchain’s layer-2 solutions
Ethereum is just over a week away from officially moving to a proof-of-stake (PoS) blockchain with the Merge slated for completion around Sept. 13–15. With the transition, Ethereum would abandon its current proof-of-work (PoW) chain, eliminating miners from the ecosystem.
08.09 / 13:01
defi
Hackers
hacks
Loans
DeFi protocol token NFD crashes by 99% after a flash loan attack
New Free DAO, a decentralized finance (DeFi) protocol, faced a series of flash loan attacks on Sept. 8, resulting in a reported loss of $1.25 million. The price of the native token has dropped by 99% in the wake of the attack.
07.09 / 19:51
Blockchain
Target
defi
Pool
Avalanche Blockchain Used To Implement Flash Loan Attack - $370K Nabbed
In the latest major hacking attempt against Avalanche (AVAX), a flash loan attack that targeted the blockchain enabled its unknown perpetrator to steal as much as USD 370,000 worth of USD Coin (USDC), per a recent announcement by CertiK Alert.
07.09 / 17:35
Blockchain
Ethereum
defi
Proof-of-stake
Seba Bank
services
Ethereum staking
SEBA Bank to provide Ethereum staking services to institutions
As the Ethereum network moves from proof-of-work (PoW) consensus to proof-of-stake (PoS), a digital asset platform initiated a service for institutions to dive into Ether (ETH) staking.
07.09 / 11:27
business
NFT
defi
What is veTokenomics and how does it work?
All facets of a token's production and management, including its allocation to various stakeholders, supply, token burn schedules and distribution, are managed through tokenomics analysis. Tokenomics help to determine the potential value of decentralized finance (DeFi) projects. Since the law of supply and demand cannot be changed, tokenomics dramatically impacts the worth of each nonfungible token (NFT) or cryptocurrency.
06.09 / 19:03
Blockchain
Stablecoin
Binance
defi
Circle co-founder says converged dollar books on Binance would be good for USDC
According to a new Twitter post, Jeremy Allaire, co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, said that the recent decision by Binance to merge stablecoin dollar books is "a good thing" for USDC. "This move would lead to a gradual net share shift from USDT to BUSD and USDC," said Allaire.
02.09 / 23:53
defi
Ether price
Aave
Experts weigh in on the Ethereum vulnerabilities after Merge: 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.
02.09 / 21:43
01.09 / 16:19
business
defi
Trading
DeFi can take a hint from traditional finance to lower risks, says ex-Morgan Stanley exec
The decentralized finance (DeFi) ecosystem scored another win against traditional finance, often called TradFi, with a former Morgan Stanley executive launching a DeFi protocol.
01.09 / 14:55
business
Blockchain
defi
hacks
DeFi protocol shuts down months after the Rari Fuse hack
Decentralized finance (DeFi) protocol Babylon Finance has finally announced that it will shut down after months of trying to recover from the negative momentum that the Rari Fuse exploit caused.
31.08 / 03:51
defi
Altcoin
lending
Smart Contracts
Compound cETH market bricked by update — 7-day wait on vote to fix it
Decentralized lending platform Compound has been plagued by a code bug in a recent governance proposal to update its price feeds.
30.08 / 16:23
defi
solana
Decentralized Exchange
DEX accidentally hits ‘kill-switch’ on mainnet, locking 660,000 USDC inside
A decentralized cryptocurrency (DEX) options exchange cut its own life short after unwittingly executing a command that closed its mainnet program and made it irrecoverable.
30.08 / 14:45
Blockchain
defi
solana
Developers
Support
Fireblocks launches Web3 Engine support on Solana
Digital asset custody platform Fireblocks has launched support for Solana, giving its thousands of users access to the developer network’s applications and infrastructure.
30.08 / 14:45
Blockchain
Ethereum
defi
DEX
Aave community proposes to temporarily suspend ETH lending before the Merge
With the Ethereum Merge on the way, the risk research and analysis team Block Analitica proposed a temporary pause in Ether (ETH) borrowing to mitigate the risks which may lead to a decentralized finance (DeFi) implosion in the Aave lending protocol during the Merge.
29.08 / 16:21
Ethereum
cryptocurrency
defi
Ethereum blockchain
Future
Explained | What does Tornado Cash sanction mean for future of DeFi
US Secretary of State Antony Blinken said on August 8 that the Biden administration would sanction Tornado Cash, a Decentralized Finance (De-Fi) programme on the Ethereum blockchain that enables the anonymous movement of cryptocurrency.
27.08 / 09:03
26.08 / 13:41
Blockchain
Stablecoin
defi
Backed
Waves-backed stablecoin USDN breaks peg again amid protocol upgrade
As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of struggle as it falls below its dollar peg.
what you should know about defi
What is defi and why is it relevant?
Defi is a high-demand area that is in the spotlight. On our site, we regularly publish news related to this subject.
Where can I find the latest updates on defi?
All new posts about defi can be found in the highlighted block. We publish information in a timely manner.
How can I verify the accuracy of information on defi?
We consult with professionals to ensure that the information about defi is reliable and informative for our readers.
