Defi Financial News

16.03 / 14:45

Blockchain defi Investments Funding Support $100M fund aims to support the growth of decentralized machine economy

IoTeX, a blockchain platform focused on the Internet of Things (IoT), has announced the launch of a $100 million sustainable ecosystem fund.

16.03 / 08:43

Blockchain Ethereum defi Hackers defi protocols ‘Unlucky’: Agave and Hundred Finance DeFi protocols exploited for $11M

A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Agave and Hundred Finance.

16.03 / 08:43

defi MakerDAO Maker MakerDAO community proposal to replace MKR governance token

The community behind decentralized stablecoin platform MakerDAO is mulling over a major tokenomics shift that could replace its governance token, MKR.

15.03 / 23:33

Blockchain defi Polygon Web3 New application merges DeFi 2.0 protocols with yield optimization on Polygon

Decentralized finance (DeFi) first took the world by storm in 2020. Now, two years later, the world has grown to know several successful DeFi projects. Despite these successes, like any new field, several problems have also arisen.

15.03 / 22:41

markets Ethereum defi data GRT rallies 39% as subgraphs migrate to The Graph’s decentralized mainnet

As the growing digital economy undergoes a transition from Web2 to Web3, oracle and data providers are becoming an increasingly important sector of development to ensure the reliable sharing and transfer of information.

15.03 / 17:11

Blockchain Technology defi Research Nansen's indexes reveal insightful trends in the NFT space

The research branch of Nansen, a popular blockchain data firm, has published a meticulous twelve-page report quantifying the performance of Ethereum-based nonfungible tokens, or NFTs, since the turn of the year, unveiling a number of compelling indications as to the economic and cultural future of the ecosystem.

15.03 / 16:53

defi regulation UK government Mixers NCA wants regulation for coin mixers, but the crypto industry is already one step ahead

United Kingdom's national crime agency (NCA) seeks to regulate the crypto coin mixers under the country's laws against money laundering.

15.03 / 15:01

defi hacks Decentralized Exchange Exploit Deus Finance exploit: Hackers get away with $3M worth of DAI and Ether

Multi-token decentralized finance (DeFi) marketplace Deus Finance has become the latest victim of an exploit resulting in over $3 million losses in DAI and Ether (ETH).

14.03 / 20:55

markets defi identity crypto gainers Biggest Crypto Gainers Today's biggest crypto gainers: Why REQ, MFT and KEY rallied over 20%

Cryptocurrency bulls continued to face stiff headwinds headed into the week of March 14 that began with a vote in Europe about whether to outlaw proof-of-work cryptocurrencies, which was ultimately rejected.

14.03 / 16:51

defi privacy Bitcoin Wallet Bitcoin No crypto for criminals: Coinjoin BTC mixing tool to block illicit transactions

CoinJoin, a popular Bitcoin (BTC) mixing tool, will block transactions associated or flagged as illegal. The announcement came from the official Wasabi Wallet Twitter account, which Coinjoin is a part of.

13.03 / 22:17

markets Blockchain Adoption defi Here’s how DAOs are making digital land more accessible to Metaverse denizens

Decentralized autonomous organizations (DAOs) are individuals that collectively organize in social applications and blockchains to pursue common goals and interests.

12.03 / 01:57

business Blockchain Stablecoin defi donates reserves Terraform Labs donates $1.1B for Luna Foundation Guard's reserves

On Friday, Do Kwon, founder and CEO of Terraform Labs (TFL), which develops the blockchain ecosystem consisting of Terra Luna (LUNA) and the TerraUSD stablecoin (UST), announced that TFL had donated 12 million LUNA ($1.1 billion at the time of publication) to the Luna Foundation Guard (LFG). LFG launched in January to grow the Terra ecosystem and improve the sustainability of its stablecoins. Kwon noted the funds, denominated in LUNA, will be burned to mint UST to grow the LFG's reserves:

11.03 / 21:33

defi Polygon Decentralized Exchange yearn.finance Finance Redefined: DeFi ‘Godfather’ Cronje quits, CAKE launches $100M venture arm and more

The decentralized finance (DeFi) ecosystem had quite an eventful week with several new developments and price action. The week started with DeFi “Godfather” Andre Cronje announcing his departure from most of his projects, leading to a massive drop in prices of projects that Cronje was associated with.

11.03 / 21:33

business Blockchain Technology defi Fantom Foundation issues clarification statement about departure of Andre Cronje and Anton Nell

Recently, media outlet Rekt.news made striking accusations about Fantom Opera, a layer-2 Ethereum scaling solution, after the foundation’s technical adviser Andre Cronje and senior solutions architect Anton Nell announced they were leaving the crypto space entirely. Almost immediately, concerns from the community arose after Nell tweeted, “There are around ~25 apps and services that we are terminating on 03 April 2022.” In the now-deleted Rekt article, it alleged the following:

11.03 / 16:05

Blockchain Adoption defi DEX Celo foundation proposes to deploy Uniswap V3 on its native blockchain

A new community proposal was introduced in the Uniswap governance forum to deploy the protocol on the Celo blockchain, which is a mobile-first, carbon-negative and Ethereum Virtual Machine-compatible network.

11.03 / 13:45

Adoption defi Stripe Bitcoin Support Stripe’s Support for Crypto is Back, NFT Support Launched As Well

Payments giant Stripe has launched support for cryptoassets and non-fungible tokens (NFTs), while crypto exchange FTX and its US arm also signed with Stripe for payments and know-your-customer (KYC) services.

11.03 / 09:09

defi Altcoin Polygon Developers network Polygon Network Polygon network suffers from extended service outage after upgrade

Layer-2 Ethereum scaling solution Polygon has not produced a new block for over 11 hours, with developers attributing the issue to a technical upgrade on the network.

11.03 / 07:53

business Blockchain defi LA Token launches LACHAIN to bridge Ethereum-based networks

Crypto platform LA Token has become the latest exchange to launch its own blockchain with the LACHAIN network which it hopes will give its users access to decentralized finance (DeFi) products and a bridge between other networks.

10.03 / 19:47

Blockchain defi DEX Decentralized Exchange Features One-of-a-kind Harmony DEX combines favorite features from modern-day exchanges

As the decentralized world continues to heat up, exchanges are becoming the latest hotspot for users. The current crypto market offers a number of decentralized exchanges (DEX), each providing different incentives and utility to the end-user. The result is that where some platforms are excelling, others struggle to meet the precedence set by their competitors.

10.03 / 19:03

Blockchain defi Chainlink partnership GSR partners with Chainlink to integrate price data for smart contracts

Crypto market-making firm GSR has partnered with Chainlink to contribute price data to decentralized oracle networks (DONs) to be used within decentralized finance (DeFi) and smart contract applications, highlighting that the blockchain industry is moving forward to interoperability and more cross-platform compatibilities.

10.03 / 13:39

NFT defi Metaverse Metaverse, Defi or NFT: Which crypto theme can turnaround your fortunes?

crypto players are extremely bullish on the bright future of the industry. That said, the crypto market has not been able to shrug off its correlation with other asset classes such as equities and gold. Experts believe that the market will mature in the longer term and segregated crypto themes will come into play, individually. They seem optimistic on Defi, Metaverse and NFTs, followed by smart contracts and utility tokens.

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