Defi Financial News

08.11 / 20:37

Ethereum defi Polygon layer2 zk Polygon Labs and Near announce ZK prover for WASM integration

The developers of the Near and Polygon networks are teaming up to create a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains, according to a joint announcement on Nov. 8. The new prover, called “zkWASM,” will for the first time allow WASM-based networks to join the Polygon ecosystem.

08.11 / 20:37

Blockchain Stablecoin defi BIS safe Stablecoins ‘not a safe store of value’ — BIS

The Bank of International Settlements (BIS), a coalition of the world’s central banks, criticized stablecoins as being “not a safe store of value” in its latest research report dated Nov. 8.

08.11 / 20:37

Ethereum defi Staking lido dao LidoDAO launches official version of wstETH on Base

Lido’s governing body has approved the deployment of Lido’s Wrapped Staked Ether (wstETH) to Coinbase’s Base network, according to a Nov. 8 announcement. The token is now live and can be traded or used in decentralized finance (DeFi) applications on the Base network.

06.11 / 18:53

defi DEX Tokens FTX A crypto exchange tackles CEX issues, pledges to share revenue with its users

For an extended period, centralized exchanges (CEXs) have played a pivotal role in cryptocurrency trading, offering traders dependability and robust liquidity. These platforms have been the go-to choice, with users trusting CEXs to safeguard their assets, appreciating user-friendly interfaces, and benefiting from an ever-evolving array of innovative features.

06.11 / 17:17

Blockchain defi Conflux multichain protocol shuts down after two years

ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, will shut down after two years.

05.11 / 23:23

business Blockchain Ethereum defi wallet Health Grab VC Roundup: private accounts, tokenization, and healthcare infrastructure grab investors’ attention

Blockchain-based startups continue to gather funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October. However, the overall funding in the crypto industry has dropped to levels last seen in 2020, amassing $2.1 billion over 297 deals in the third quarter of 2023, as reported by Messari. As is often the case during bear markets, investors are taking a closer look at projects before investing and apparently seeking tangible real-world applications.

05.11 / 11:13

Blockchain defi Asset management TradFi portfolio management TradFi-friendly crypto portfolio management: MC2 Finance joins Cointelegraph Accelerator

Decentralized finance (DeFi) might hold immense potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles with onboarding new users -both retail and institutional- due to its limitations on the user experience side.

04.11 / 20:18

defi Aave Decentralization Aave pauses several markets after reports of feature issue

Decentralized finance (DeFi) protocol Aave paused a number of markets on Nov. 4 after receiving reports of an issue affecting “a certain feature,” according to a post on X (formerly Twitter).

04.11 / 06:19

Law defi Hackers regulation Court Trial Fraud trial of Mango Markets exploiter behind alleged $116M theft pushed to April

Lawyers representing the $116 million Mango Markets exploiter have convinced a judge to postpone the fraud trial until April 8, 2023.

03.11 / 19:33

NFT defi hacks regulation solana surges Multichain inside job? And SOL surges 80% in a month: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

03.11 / 14:41

Technology defi Hackers hacks Tokens crimes SafeMoon addresses recent exploits amid SEC charges

Decentralized finance project SafeMoon, which was charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud, has said that it is closely examining recent developments and will work to resolve the situation promptly.

02.11 / 20:37

Blockchain defi copyrights Law professor says blockchain tech could ‘revolutionize’ copyright offices

A professor from the Texas A&M University School of Law recently published research exploring blockchain technology use cases in the world of copyright administration. According to their findings, blockchain has the potential to radically alter the way intellectual property is handled both “domestically and internationally.”

02.11 / 12:51

Blockchain defi Hackers hacks regulation SEC security centralized exchanges SafeMoon hacker’s use of centralized exchanges could help law enforcement — Match Systems

The decentralized finance project SafeMoon, which was exploited in March, resulting in a net loss of $8.9 million in BNB (BNB), has been charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud.

02.11 / 12:51

NFT defi regulation Real Estate Assets Digital Asset Podcast Hashing It Out: Roofstock onChain vice president explains how Web3 and real estate interact

The tokenization of real-world assets has been tipped as a major use case of blockchain technology that could drive Web3 adoption. In episode 35 of Cointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw interviews Sanjay Raghavan, vice president of Web3 Initiatives at Roofstock onChain, about tokenized real estate on the blockchain and how digital real estate investing interacts with the nonfungible tokens market and the decentralized finance landscape. Raghavan also talks about fractional nonfungible tokens (NFTs), regulations and the risks related to Web3 real estate platforms.

02.11 / 10:19

Blockchain defi applications banking FinTech TradFi TradFi gets crypto boost: Renegade joins Cointelegraph Accelerator

As the crypto industry continues to grow, it becomes increasingly intertwined with traditional finance (TradFi) to the benefit of end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which take days and double-digit dollar fees in most cases, are a perfect embodiment of the current state of traditional finance.

02.11 / 09:41

Blockchain defi Trading Bitcoin Price Multichain Trader exploits Multichain opening to turn $280K to $1.9M; community suspects insider job

A wallet address turned nearly 1.9 million Fantom (FTM) worth $280,000 to $1.9 million within hours of exploiting the long-frozen Multichain Bridge opening momentarily, leading to insider job speculations among the crypto community.

02.11 / 02:47

defi Altcoin solana Solana gains 80% in a month as Firedancer goes live on testnet

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the testnet launch of the blockchain’s loawaited scaling solution Firedancer.

01.11 / 11:53

Blockchain Provident FIVE Hack defi reports donates Attacker Exploits Rounding Issue to Steal $2.1 Million From Onyx Protocol

DeFi project Onyx Protocol has fallen victim to a security breach, losing more than $2 million worth of crypto assets.

31.10 / 23:05

Government defi SEC Analysis Opinion end 3 things we might see from crypto as 2023 winds to an end

As the holiday season approaches, anticipation in the cryptocurrency world heightens for the annual phenomenon known as the "Santa rally." Amidst this festive period, market dynamics tend to shift. This season, there are several factors that could influence the last few months of the year.

31.10 / 22:03

business Ethereum defi Tokens exchanges Bitget, Floki teams accuse each other of manipulation after token listing

The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation after the protocol’s token, TokenFi (TOKEN), was listed and delisted by Bitget. This is according to an October 31 social media post from the Floki team and a blog post from Bitget.

31.10 / 19:11

business Ethereum Adoption defi Circle Usd Coin Circle to phase out consumer accounts, but business and Mint will remain

Stablecoin issuer Circle will close out consumer or individual accounts on November 30, according to emails received by Circle customers on October 31. In an email to Cointelegraph, the stablecoin issuer confirmed that it is closing the accounts but confirmed that business and institutional “Mint” accounts will remain available.

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