Defi Financial News

10.03 / 08:53

Blockchain defi DEX THORChain spikes by 34% after activating synthetic assets

The price of the native asset for cross-chain decentralized exchange THORChain (RUNE) has spiked by 34% in a day following the activating of synthetic assets on the network.

09.03 / 21:01

Blockchain defi Trading This startup is gamifying crypto trading with a metaverse experience

With an always-on presence, a lack of regulation and unpredictable volatility, the crypto market isn’t an easy one to break into. New traders are often overwhelmed at everything presented to them and are easy prey for well-designed scams and rug pulls.

08.03 / 21:47

Blockchain Technology defi DeFi detective alleges this ‘suspicious’ smart contract code may put dozens of projects at risk

According to famed decentralized finance (DeFi) detective Zachxbt, 31 nonfungible token (NFT) projects may be at risk due to “suspicious code.” In a lengthy Twitter thread published Tuesday, the DeFi detective first raised the issue of NFT project Thestarlab, which was allegedly compromised for 197.175 Ether (ETH), worth $580,325 at the time of publication. Zachxbt quoted fellow blockchain investigator MouseDev, who came to the following conclusion after reviewing the code behind Thestarlab:

08.03 / 07:55

Blockchain defi FtM exit Fantom drops 22% after key personnel exit

Fantom (FTM) has fallen 22 per cent in the last 24 after key personnel associated with its project announced departure. Fantom has been under severe pressure following a tweet from Anton Nell, a senior solutions architect and his colleague Andre Cronje, a prolific developer, that they are leaving Fantom Foundation, without citing a reason. Fantom dropped about 22 per cent to hit lows of $1.32 on Monday, according to the data from Coinmarketcap. The token has dropped about 60 per cent of its value from its peak of $3.3, scaled on January 16, 2022.

08.03 / 00:19

markets Binance defi BRISE token soars to new highs after the official launch of BitGert Chain

The cryptocurrency ecosystem as a whole has taken a back seat to events in the larger world but this is not stopping developers from building.

07.03 / 17:17

Blockchain defi security banking Global council adds DeFi banking firm Scallop to help secure payment data

A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to its participating organizations that help improve payment data security worldwide.

07.03 / 15:43

defi MARKET Career yearn.finance Fantom, Other DeFi Tokens Shaken as Top DeFi Developer Andre Cronje Quits

The well-known decentralized finance (DeFi) developer and creator of Yearn.Finance (YFI), Andre Cronje, has left the DeFi space, one of his closest collaborators has announced on Twitter. The news sent the price of several tokens of protocols Cronje had been involved in into a freefall, but some are already recovering.

07.03 / 08:53

business defi DEX layer2 network KyberSwap KyberSwap DEX launches on later two network Arbitrum

Decentralized exchange (DEX) aggregator KyberSwap has launched on the layer-2 Ethereum scaling solution Arbitrum network.

07.03 / 07:19

business defi Developers yearn.finance DeFi 'Godfather' Cronje quits as TVL and tokens tank for related projects

DeFi architect, Fantom Foundation technical advisor, and Yearn Finance founder Andre Cronje has left the decentralized finance (DeFi) space reeling after deactivating his Twitter account.

05.03 / 23:05

markets Blockchain defi Impermanent loss challenges the claim that DeFi is the ‘future of France’

Impermanent loss is one of the most recognized risks that investors have to contend with when providing liquidity to an automated market maker (AMM) in the decentralized finance (DeFi) sector. Although it is not an actual loss incurred from the liquidity provider’s (LP) position — rather an opportunity cost that occurs when compared with simply buying and holding the same assets — the possibility of getting less value back at withdrawal is enough to keep many investors away from DeFi.

04.03 / 21:09

defi Decentralized Exchange Uniswap Finance Redefined: Uniswap builds token-swap feature for Ukraine, LUNA surpasses Ether, and more

The crypto community has emerged as one of the leading aid providers for Ukrainians, as crypto donations surged over $50 million. This week, many in the decentralized finance, or DeFi, community have come forward to donate and make it simpler for other people to donate to Ukraine.

04.03 / 15:44

defi wallet MetaMask debate Decentralization Debate Heats Up Again as MetaMask, OpenSea Block Users

The crypto community has once again been thrown into a debate about the urgent need for more decentralization after both the non-fungible token (NFT) marketplace OpenSea and Ethereum (ETH) wallet MetaMask recently blocked users based on their geographic location.

04.03 / 08:35

Blockchain Ethereum defi data network LUNA flips Ethereum becoming second largest network for staked value

According to data from Staking Rewards, Terra (LUNA) has flipped Ethereum (ETH) in terms of staked value, with $29.5 billion worth of LUNA locked up compared to Ether’s $25.9 billion.

04.03 / 00:53

defi DEX P2P P2P Payments network 1inch Network adds a P2P feature to facilitate secure crypto swaps

The decentralized exchange aggregator 1inch Network introduced peer-to-peer, or P2P, order functionality within the 1inch decentralized application, or DApp. This feature allows users to specify the person or wallet that will fill the other side of the trade, as opposed to over-the-counter or OTC payments where 1inch matches the order with a taker.

03.03 / 18:07

Blockchain defi Platform Strategy How to maximize cryptocurrency earnings with smart trading

With news of early adopters retiring millionaires, and newbies making a 300% profit or more on their cryptocurrency holdings, investing in digital assets is seen by many as a lucrative opportunity.

03.03 / 06:43

Blockchain defi Polygon avalanche Dragonfly Research claims Ethereum is the 'MS-DOS' of blockchains

An experiment from Dragonfly Research that compared the performance of six blockchains by testing the capacity of Automated Market Makers on each has found Solana’s Orca DEX was the clear winner in trades per second.

02.03 / 23:01

Blockchain NFT defi DAO Radio Caca wants to ‘return the Metaverse to people’ by partnering with university students

Radio Caca (RACA) is a decentralized autonomous organization, or DAO, that has partnered with top global universities to build a metaverse for students to study and play. Its blockchain ecosystem, powered by its native token RACA, consists of the United States of Mars (USM) metaverse, a nonfungible token, or NFT, marketplace and a play-to-earn, or P2E, game called Metamon. Cointelegraph spoke to the RACA team about its plans for user growth within the DeFi, NFT and P2E game spaces.

01.03 / 13:05

Ethereum NFT defi regulation Top Trends at ETHDenver 2022: DAOs, DAOs, Regulation, DeFi, and DAOs

ETHDenver 2022 has come and gone. Ethereum (ETH)’s annual developer conference took to Denver’s Sports Castle to showcase the latest upcoming projects in the ETH ecosystem and to enable community members to network with each other (and spread coronavirus).

01.03 / 07:31

Ethereum defi Platform layer2 Layer 2 address activity slows, but Arbitrum bucks the trend

On-chain activity for the leading Layer 2 networks has been declining recently, however, the Arbitrum platform is bucking the trend according to recent findings.

26.02 / 05:23

Blockchain defi DEX security Front-running, flash bots and keeping things fair in the crypto market

Decentralized finance (DeFi) has the opportunity to democratize access to financial markets that have typically only been open to the rich and powerful. But, DeFi will only survive and continue to grow if we take steps to ensure things are safe, private and fair for both retail and institutional investors. When faced with predatory market behaviors such as miner extractable value (MEV) and front-running attacks it opens up old wounds to a “Flash Boys” era of traditional finance.

25.02 / 21:17

defi security Dapps Finance Redefined: 1Password partners with Phantom, and Stark deploys nine DApps, Feb. 18–25

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.

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