Defi Financial News
16.08 / 20:13
15.08 / 17:05
defi
Bankruptcy
Bitcoin
network
Celsius Network coin report shows a balance gap of $2.85 billion
A new bankruptcy coin report filed on Aug. 14 shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit.
15.08 / 05:43
Stablecoin
defi
Hackers
hacks
network
freeze
Exploit
Network and token freeze after Acala exploit raises questions
The Acala Network’s aUSD stablecoin depegged by over 99% over the weekend and forced the Acala team to pause a hacker’s wallet, raising concerns about its claim of being decentralized.
13.08 / 17:11
business
Law
defi
regulation
NOT
Metaverse still not ready for virtual weddings and legal proceedings
As the global Web3 ecosystem continued to evolve at a staggering pace, so have the various use cases associated with this niche. In a striking new development, a high-ranking Singaporean government minister recently noted that legal marriage proceedings, court case disputes, and government services could one day be conducted using Metaverse platforms.
12.08 / 23:35
defi
Hackers
hacks
Curve Finance resolves site exploits, directs users to revoke recent contracts: 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.
12.08 / 17:57
12.08 / 11:35
business
Blockchain
Binance
defi
Binance recovers the majority of funds stolen from Curve Finance
Crypto exchange Binance has recovered a big part of the funds from the recent hack that targeted the decentralized finance (DeFi) protocol Curve Finance.
12.08 / 01:37
Blockchain
Technology
defi
regulation
DeFi platform Oasis to block wallet addresses deemed at-risk
According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the change to the terms of service, wallets flagged as high risk are prohibited from using Oasis.app to manage positions or withdraw funds. Instead, such category of users must interact directly with the relevant underlying protocol where funds are stored or find another service.
12.08 / 00:37
business
defi
Venture Capital
Loans
Maven 11 launches $30M lending pool on Maple as borrowers turn to DeFi
Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market.
11.08 / 17:41
Blockchain
Adoption
defi
Decentralized Exchange
1inch plugs into KuCoin Wallet to improve token swaps
Cryptocurrency exchange KuCoin will introduce native token swap functionality to its in-house wallet after integrating decentralized finance (DeFi) market maker 1inch’s application programming interface.
11.08 / 17:19
Blockchain
Adoption
defi
Bitcoin
Interlay
Interlay launches trustless BTC stablecoin bridge on Polkadot
Interlay, a London-based blockchain firm, launched a Bitcoin (BTC)-based cross-chain bridge on Polkadot (DOT). Named interBTC (iBTC), the bridge allows the use of Bitcoin on non-native blockchains for decentralized finance (DeFi), cross-chain transfers and nonfungible tokens (NFTs), among others.
11.08 / 12:13
Law
defi
regulation
class action
Crypto products
Mark Cuban faces class action lawsuit for promoting Voyager crypto products
Mark Cuban, the billionaire entrepreneur who has been quite active in the crypto ecosystem for the past year, is facing a class-action lawsuit over his promotions of the bankrupt crypto brokerage firm Voyager Digital.
11.08 / 07:49
Ethereum
cryptocurrency
defi
Bitcoin
Utility
Exclusive: Buy cryptos that have utility value, says Mark Cuban
Asserting that the price of tokens is the least important and least interesting aspect of cryptocurrencies, billionaire investor Mark Cuban advises investors to buy digital currencies with real utility value.
10.08 / 16:25
Ethereum
defi
Hackers
Exploit
Curve Finance exploit: Experts dissect what went wrong
Decentralized finance (DeFi) protocols continue to be targeted by hackers, with Curve Finance becoming the latest platform to be compromised after a DNS hijacking incident.
10.08 / 09:25
defi
Ripple
Decentralization
CeFi
DeFi needs a 'killer app' to go next level, says Ripple exec
A “killer app” for consumers is what will be needed to bring the decentralized finance (DeFi) sector to a level that draws in a mainstream audience, said Ripple Lab’s head of DeFi markets Boris Alergant.
10.08 / 00:09
Blockchain
Technology
Stablecoin
defi
Support
Circle plans to only support Ethereum PoS chain after Merge is complete
On Tuesday, Circle, the issuer of the USDC stablecoin, pledged its full support for the transition of Ethereum to a proof-of-stake, or PoS, blockchain after the much-anticipated Merge upgrade. The firm views The Merge as an important milestone in the scaling of the Ethereum ecosystem, writing:
09.08 / 21:53
Blockchain
Technology
defi
Terra Luna
Cross-Chain
'IBC is a serious alternative for secure cross-chain communication,' says Sunny Aggarwal of Osmosis
On August 2, the Nomad token bridge became yet another victim of cross-chain hacking after the protocol suffered a $190 million exploit. Joining a list of casualties alongside Axie Infinity’s Ronin Bridge and Solana’s Wormhole, many industry experts have cast doubt on the future of cross-chain technologies. However, not all cross-chain toolkits have thus far been exploited. Regarding this matter, Cointelegraph spoke with Osmosis’ co-founder Sunny Aggarwal. Osmosis is one of the most popular decentralized exchanges, or DEXs, on the Cosmos hub with $120 million in total value locked. Here’s what Aggarwal had to say regarding Cosmos’ namesake inter-blockchain communications protocol (IBC):
09.08 / 17:55
Blockchain
NFT
defi
Blockchain Game
1inch plugs into Klaytn as Asia continues to climb aboard
South Korea's most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network.
09.08 / 12:51
Blockchain
defi
GameFi and crypto 'natural fit' for game publishers: KBW 2022
South Korea is considered the fourth biggest gaming market and one of the biggest blockchain adopters. However, the country has banned play-to-earn (P2E) blockchain games due to the crypto integration. The new pro-crypto president Yoon Suk-yeol had hinted at lifting the ban, but the government has yet to show any significant effort.
09.08 / 11:27
08.08 / 22:29
Blockchain
Technology
defi
White hat hackers have returned $32.6M worth of tokens to Nomad bridge
Mere hours after the Nomad token bridge published an Ethereum wallet address last week for the return of funds following a $190 million hack, whitehat hackers have since returned approximately $32.6 million worth of funds. The vast majority of funds consisted of stablecoins USD Coin (USDC), Tether (USDT) and Frax, along with altcoins.
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