Defi Financial News

31.10 / 18:03

business Ethereum Stablecoin defi Tether Tether attestation shows cash and cash equivalents of 86% as loans decline

The reserves for stablecoin issuer Tether contained approximately 86% cash and cash equivalents as of September 30, according to a new attestation report from accounting firm BDO. This is the highest percentage of cash and cash equivalents that have ever made up Tether’s reserves.

31.10 / 04:01

defi regulation SEC Terraform Labs Terra Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit

Terraform Labs co-founder Do Kwon has requested a United States district judge to reject the securities and fraud suit from the federal securities regulator, claiming it has failed to prove they did anything wrong.

30.10 / 20:08

defi PancakeSwap PancakeSwap Integrates Bril’s Portfolio Manager to Diversify Liquidity Pools

As decentralized finance (DeFi) continues to plug along in its quest to capture market share, PancakeSwap, one of the leading decentralized exchanges, has recently taken a step toward optimizing its service offerings. On Monday, PancakeSwap announced a collaboration with DeFi protocol Bril Finance, introducing a portfolio manager function.

30.10 / 18:33

defi transactions Bitcoin DeFi Market Soars to $42 Billion, Rises by $6.2 Billion in Just Two Weeks – Is The Bull Market Here Again?

The digital asset market has recorded several wins this month with Bitcoin (BTC) hitting a 16-month high and surging activities around decentralized finance (DeFI) applications.

30.10 / 17:53

Blockchain defi Web3 banking Fiat Money Time centralized exchanges Fed up with banks and centralized exchanges? It's time for a change

A cutting-edge crypto platform says it offers all the advantages of centralized exchanges in a noncustodial environment. Changex offers seamless on and off-ramps to fiat, effortless purchases via bank transfers and debit cards, and cross-chain swaps for speedy conversions between digital assets.

30.10 / 17:53

Blockchain defi avalanche Ava Labs Etherscan AVAX blockchain explorer to shut down as Etherscan fees draw controversy

Snowtrace.io, a popular blockchain explorer tool for Avalanche (AVAX), will shut down its website, powered by Etherscan's Explorer-as-a-Service (EaaS) toolkit, on November 30. The Snowtrace team clarified that only its explorer powered by Etherscan will be shut down.

30.10 / 16:53

defi Mining DEX Gaming DApp avalanche Bitcoin Unstoppable Domains Today in Crypto: Unstoppable Domains Users Can Now Get ‘.com’ Addresses, Ledger Reveals 2nd Season of Metaverse Game

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________

30.10 / 15:07

Blockchain defi Cointelegraph zk-Rollup ZkDay conference and Pitch competition comes to Istanbul on Nov. 13

Zero knowledge-proof (ZK-proof) scalability solutions have grown in prominence in the crypto ecosystem in recent years, making way for several ZK-focused conferences and events. A marquee ZK conference dedicated to the growing community will take place on Nov. 13 in Istanbul, Turkey. ZkDay is hosted by zero knowledge layer-1 platform, the Manta Network, Polychain Capital, nil; Foundation and Cointelegraph.

30.10 / 15:07

Ethereum defi PancakeSwap PancakeSwap adds portfolio manager function in partnership with Bril

Decentralized crypto exchange PancakeSwap now has portfolio manager functionality, according to an October 30 announcement. The feature has been added in partnership with decentralized finance (DeFi) protocol Bril Finance.

30.10 / 10:02

Blockchain Ethereum Stablecoin defi Tokens inflation Real World Assets The hype of tokenizing real world assets — a Swiss stablecoin use case

Stablecoins are essential to cryptocurrency markets, and traditional payment systems, especially cross-border ones, can also benefit from them. Edelcoin sets a new standard for stablecoins, offering low volatility, inflation protection, and zero reserve investment risk. Its verified reserves are 100% locked and secured for EDLC holders only.

27.10 / 20:00

business Blockchain defi hacks Uniswap Token Burn Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: 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.

27.10 / 20:00

Blockchain Ethereum defi lido dao 9 protocols criticize LayerZero’s 'wstETH' token, claiming it's 'proprietary'

A new bridged token from cross-chain protocol LayerZero is drawing criticism from nine protocols throughout the Ethereum ecosystem. A joint statement from Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer, and Router on October 27 called the token’s standard “a vendor-locked proprietary standard,” claiming that it limits the freedom of token issuers.

27.10 / 17:49

Blockchain NFT defi Gaming data FinTech Fintech, DeFi, GameFi, and more: Web3 startups kick off Cointelegraph Accelerator second cohort

Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups.

27.10 / 15:37

Blockchain defi DEX Decentralized Exchange dYdX launches layer-1 blockchain, validators and stakers set to receive all fees

Decentralized cryptocurrency exchange dYdX has launched its layer-1 blockchain with the creation of its genesis block, which will operate using native DYDX tokens.

25.10 / 18:43

Ethereum defi Polygon layer2 Polygon launches POL token contract on Ethereum to eventually replace MATIC

Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, according to an October 25 announcement. The new token is intended to replace the ecosystem’s current token, MATIC. However, the team said users presently don't need to exchange their MATIC for POL.

25.10 / 08:41

Ethereum defi Hackers hacks security Tokens Q3 85% of crypto rug pulls in Q3 didn’t report audits: Hacken

Cryptocurrency rug pulls are not too difficult to spot by investors, as the majority of such scams usually share distinct and visible features, according to a new report.

25.10 / 02:11

Blockchain Ethereum defi Decentralized Exchange Cosmos open dYdX publishes its open-source code in anticipation of phased mainnet launch

Crypto exchange dYdX has published the open source code for its new Cosmos-based network of the same name, according to an October 23 blog post. The new code includes the “protocol, order book, front-end, and more,” the post stated. The publication of the code is intended to pave the way for a mainnet launch, which is being organized by the dYdX Decentralized Autonomous Organization (dYdXDAO) SubDAO on Operations.

25.10 / 02:11

Government Law defi regulation UK government Largest DeFi protocol on Solana reportedly quits UK market, citing FCA rule

Marinade Finance, the largest decentralized finance (DeFi) protocol running on the Solana blockchain, has reportedly started blocking users from the United Kingdom. Customers in the U.K. discovered the problem on Oct. 23 while trying to access Marinade’s website from local IP addresses and were met with this message:

24.10 / 18:09

defi UK FCA compliance Solana's Marinade Finance Acts Swiftly to Ensure FCA Compliance, Blocks UK Access

Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana blockchain, is blocking users in the United Kingdom from accessing its platform over "compliance concerns."

21.10 / 17:05

business defi Altcoin Uniswap Burn Speculation Uniswap founder burns $650B HayCoin against speculation

Uniswap founder Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20, according to an announcement on X (formerly Twitter). The majority of the tokens have been removed from circulation due to Adams’ concerns about price speculation over the previous days.

21.10 / 10:19

Blockchain defi Platform scam Actor show reports Scandal Unveiled: Web3 Game Project's $1.6 Million Exit Scam with Actors

The development team behind the gaming project FinSoul has been accused of carrying out a massive exit scam, defrauding investors of $1.6 million through market manipulation.

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