Defi Financial News
08.08 / 15:57
defi
Bitcoin
Suspends
services
Crypto lending platform Hodlnaut suspends services due to liquidity crisis
Singapore-based crypto lending platform Hodlnaut has become the latest firm to suspend withdrawals, and deposits blaming market conditions and lack of liquidity.
08.08 / 09:45
defi
Asia
partnerships
DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022
Decentralized-finance (DeFi) aggregator 1inch Network has revealed plans to expand within the Asian market, according to its co-founder Sergej Kunz.
08.08 / 07:05
Ethereum
NFT
defi
Scalability
Starkware
60 million NFTs could be minted in a single transaction: StarkWare founder
Zero-knowledge (ZK) rollup tech company StarkWare founder Eli Ben-Sasson says its new Recursive validity proofs could theoretically roll up as many as 60 million transactions into one on the Ethereum blockchain.
08.08 / 06:19
Blockchain
Stablecoin
defi
Hackers
Once-hacked for $77M, Beanstalk's algo stablecoin protocol relaunches
Ethereum-based algorithmic stablecoin project Beanstalk Farms has relaunched its protocol just under four months after going offline after suffering a devastating $77 million governance exploit.
07.08 / 16:05
Blockchain
Technology
Ethereum
defi
What is Chainlink VRF and how does it work?
Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the digital economy.
06.08 / 16:29
Blockchain
Technology
Adoption
defi
money market
What is a decentralized money market and how does it work?
The seamless flow of capital between borrowers and lenders is a key aspect of a vibrant economy. Anyone with an extra asset can lend it to put their idle capital to work, while people needing it to grow business or meet operational costs can easily access it.
05.08 / 23:51
05.08 / 17:09
Technology
Adoption
defi
Trading
Decentralized finance faces multiple barriers to mainstream adoption
Decentralized finance (DeFi) is a growing market popular with experienced crypto users. However, there are some roadblocks regarding mass adoption when it comes to the average non-technical investor.
05.08 / 12:27
Blockchain
defi
Hackers
Lost
Nomad announces $190 million bounty for lost funds from recent hack
Nomad announced a bounty of up to 10% for the return of the stolen funds from the Nomad bridge. In a website announcement and tweet, the company publicly provided a wallet address for sending the funds.
05.08 / 08:33
defi
DEX
Uniswap
Voting
Uniswap Foundation proposal gets mixed reaction over $74M price tag
The Uniswap Labs community has already begun mulling over a new proposal that would form a Uniswap Foundation based in the United States (U.S.), but first, it's going to cost $74 million.
05.08 / 07:53
Blockchain
defi
Hackers
hacks
Solana-hacked crypto could be claimed as a tax loss: Experts
For unlucky crypto investors looking to turn lemons into lemonade — it turns out that digital assets lost during an exploit or hack can potentially be claimed as a tax loss, provided you live in the right country, experts told Cointelegraph.
05.08 / 07:53
NFT
defi
Investments
Funding
Crypto fundraising already outpacing all of 2021: Report
Despite the ongoing market slump, the crypto sector has already raised $30.3 billion in funds, outpacing an entire year of fundraising in 2021, a new report shows.
04.08 / 16:56
cryptocurrency
Adoption
defi
Investing
pension
USD 6.8B Pension Fund to Invest in Crypto Lending Market
Indicating that some major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up its returns.
04.08 / 14:21
Technology
Ethereum
defi
How to create and launch a cryptocurrency token with TokenMint?
Developing a cryptocurrency token has been a complex task, as it requires advanced blockchain programming skills. Until recently, only blockchain developers with strong coding skills could create a mechanism to mint digital coins. This scenario, however, led to the development of platforms where anyone, not knowing even an iota of programming, could launch their cryptocurrencies.
04.08 / 11:53
Blockchain
NFT
defi
data
Nansen admits neglecting DeFi plans during the NFT craze
Despite the general downturn in the cryptocurrency markets throughout the year, Ethereum (ETH) blockchain analytics platform Nansen has continued to report impressive growth numbers.
04.08 / 05:43
business
defi
Hackers
hacks
Slope wallets blamed for Solana-based wallet attack
As the dust settles from yesterday’s Solana ecosystem mayhem, data is surfacing that wallet provider Slope is largely responsible for the security exploit that stole crypto from thousands of Solana users.
03.08 / 17:07
Blockchain
defi
Developers
Software
GitHub faces widespread malware attacks affecting projects, including crypto
Major developer platform GitHub faced a widespread malware attack and reported 35,000 “code hits” on a day that saw thousands of Solana (SOL)-based wallets drained for millions of dollars.
03.08 / 14:51
Blockchain
defi
Hackers
Bitcoin
vulnerability
Exploit
Nomad reportedly ignored security vulnerability that led to $190M exploit
The exploit took place due to a smart contract vulnerability that saw hundreds of users other than the hacker also get involved, taking away as much as they can by simply copy-pasting the transaction data used by the initial hacker and changing the wallet address to theirs. The event was later deemed as a decentralized robbery by many due to the involvement of normal community members.
02.08 / 19:13
Blockchain
Technology
defi
Hackers
vulnerability
Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability
On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform's v3 Fantom market. Created in 2018, Fantom is a directed acrylic graph smart contract platform that provides DeFi services and on which Aave is currently bridged.
02.08 / 17:03
Blockchain
defi
wallet
partnership
Wirex partners with 1inch to enable wallet-based token swaps
Non-custodial wallet platform Wirex has partnered with 1inch Network to use its aggregation API to power token swaps. Through the partnership, users of the Wirex wallet will be able to exchange tokens within the wallet.
02.08 / 09:39
Blockchain
Hack
defi
security
Nomad DeFi Bridge Drained of At Least USD 150M in 'Chaotic' 'Decentralized Robbery'
Cross-chain messaging protocol Nomad, which allows users to send and receive tokens between different blockchains, was drained of at least USD 150m after experiencing a security exploit that allowed bad actors to spoof messages.
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