Defi Financial News

02.08 / 07:55

Stablecoin Adoption defi Tether Tether supply starts to increase after three-month decline

The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering.

02.08 / 03:55

defi Hackers Cybersecurity security Exploit Nomad token bridge drained of $190M in funds in security exploit

The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions.

01.08 / 13:51

Stablecoin defi Aave Aave DAO approving overcollateralized stablecoin splits crypto community

Aave DAO, the governance body behind decentralized finance (DeFi) giant Aave (AAVE) protocol, has unanimously voted in favor of creating an overcollateralized stablecoin called GHO.

29.07 / 16:17

Technology Ethereum defi Ethereum 2.0 Ethereum Merge: How will the PoS transition impact the ETH ecosystem?

The Ethereum blockchain is on the verge of one of the most crucial technical updates since its inception, moving from proof-of-work (PoW) to proof-of-stake (PoS), also called Ethereum 2.0, or Eth2.

29.07 / 12:59

Ethereum Twitter defi community Ethereum founder speaks against transferable governance, community responds

The governance discussion intensifies as decentralized autonomous organizations (DAOs) become more popular in the blockchain space. The dilemma between giving power to a specific few and the freedom to voluntarily delegate decision power was highlighted in a Twitter thread created by Ethereum (ETH) founder Vitalik Buterin.

29.07 / 11:47

Blockchain Stablecoin defi Hackers Exploit Solana-based stablecoin NIRV drops 85% following $3.5M exploit

Solana-based algorithmic stablecoin NIRV has become the latest stablecoin to fail after dropping 85% from its United States dollar peg following a hack on adaptive yield protocol Nirvana Finance on Wednesday.

28.07 / 19:03

Blockchain defi Gaming events Condense to live stream IRL events into the metaverse

The Metaverse infrastructure company closed a seed funding round to continue the development of 3D live streaming technology. Condense raised $4.5 million in a round led by LocalGlobe, 7percent Ventures and Deeptech Labs.

28.07 / 13:51

defi Altcoins governance community 'Let's Try This Again': Lido DAO Relaunches Proposal for Selling LDO 10M to Dragonfly Capital with 'Better Terms'

Lido DAO, the governance forum for the Lido Finance project, has put forward a new proposal for selling LDO 10m tokens to crypto investment firm Dragonfly Capital, apparently with better terms.

27.07 / 22:15

business defi Algorand Steven Kokinos shifts to Algorand advisory role as company appoints interim CEO

Blockchain protocol Algorand’s chief executive officer Steven Kokinos has announced he will be leaving his position to focus on projects related to scaling adoption.

27.07 / 18:53

defi DEX avalanche Avalanche-based Pangolin Dex set to make debut on Flare blockchain

Pangolin, a decentralized exchange (DEX) on the Avalanche network, will debut on the layer-1 blockchain Flare network. Flare is known for its interoperability solutions and Pangolin hopes to utilize the underlying technology to reach new blockchain networks.

27.07 / 09:37

Blockchain defi hacks community Backlash as Harmony proposes minting 4.97B tokens to reimburse victims

The team behind the Harmony blockchain project has proposed the minting of up to 4.97 billion worth of its native token ONE to compensate victims of the $100 million Horizon Bridge hack in June.

26.07 / 17:49

Stablecoin defi governance community Lido DAO Votes Against Selling LDO 10M Tokens to Dragonfly Capital

The community members of Lido Finance, a decentralized finance (DeFi) protocol and third-party staking pool operator for Ethereum (ETH) 2.0, have voted against a proposal to sell LDO 10m tokens to crypto investment firm Dragonfly Capital for DAI 14.5m.

26.07 / 17:18

Blockchain Ethereum defi solana Solana said to be ‘more decentralized than people think,’ but there’s more

Solana-based decentralized finance (DeFi) firm Unstoppable Finance has argued that Solana is more decentralized than people make it out to be. However, there’s another side that believes that the blockchain platform is actually more centralized.

26.07 / 14:57

Blockchain Technology Adoption defi Framework A step-by-step framework to evaluating crypto projects

When it comes to cryptocurrencies, you need to consider a few key factors before you decide whether to invest. Whether you're just beginning to get on the ground floor of new crypto projects or are looking to expand your portfolio, it’s helpful to have an evaluation framework handy for crypto projects.

26.07 / 08:27

BLOCK defi lending Terra Luna Luna Investors shifting toward lower-risk crypto yields: Block Earner GM

Block Earner, an Australian fintech company, says the fall of Terra Luna in May has led to “positive surprises” for his company, with investors beginning to find their way toward the lower-risk crypto yield products they offer.

26.07 / 05:03

Blockchain defi Tokens DAO LidoDAO rejects sale of 10M LDO tokens to Dragonfly Capital

LidoDAO, the governance body that controls Lido Finance, has voted to reject a proposal that would have sent 1% of the LDO token supply to Dragonfly Capital in exchange for about $14.5 million in DAI.

25.07 / 19:11

Blockchain Technology Adoption defi What is dollar-cost averaging (DCA) and how does it work?

Many crypto enthusiasts just start investing in cryptocurrencies without a strategy behind it. However, they should be aware that an investment plan is essential when you begin investing in crypto. By sticking to a strategy, you will have a clear overview and become less susceptible to the substantial price fluctuations in the crypto market.

22.07 / 23:31

Ethereum defi regulation Aave Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights — a newsletter crafted to bring you some of the major developments over the last week.

22.07 / 22:07

markets Ethereum defi Ethereum Classic week crypto market cap Crypto market cap climbs 15% in a week following Ethereum Merge date revelation

It has been a volatile yet positive week for cryptocurrencies, as traders ignored the warnings from crypto winter veterans that there was more downside in store and jumped back into the market at the first sign of rising prices.

22.07 / 17:07

Blockchain Digital defi Metaverse MetaFi development company builds economic foundations for a smarter metaverse

The metaverse is becoming a reality — with virtual worlds set to transform the way we play games and socialize.

22.07 / 14:15

defi regulation lending Leverage Terra 3AC founders reveal ties to Terra founder, blame overconfidence for collapse

The founders of tainted crypto hedge fund Three Arrow Capital (3AC), which filed for bankruptcy in the first week of July, have finally resurfaced after five weeks of no known whereabouts.

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