Defi Financial News

11.02 / 06:17

Blockchain defi Hackers hacks BUG iOS jailbreak dev wins $2M bounty for finding critical Optimism bug

Developers from the Ethereum Layer 2 scaling project Optimism announced that a “critical bug” had been identified and subsequently patched earlier this month.

10.02 / 23:17

markets Blockchain defi AXS, RON and SLP surge after Axie Infinity developers revamp the project’s tokenomics

Since launching in 2018, Axie Infinity has amassed over 2 million daily active users (DAUs) and its decentralized exchange, Katana has a market cap of $5.5 billion, but this growth has not come without challenges.

10.02 / 01:41

markets Blockchain Adoption defi Cross-Chain Alchemy Pay gains 77% after exchange listings and cross-chain integrations

The cryptocurrency ecosystem has come a long way since the launch of Bitcoin (BTC) and in the last few years smart contracts have revolutionized the industry. With that said, there is still plenty of progress to be made when it comes to integrating blockchain technology to peer-to-peer, business to business and business to consumer payment systems.

09.02 / 23:31

markets defi Launch avalanche recovery Trader Joe (JOE) makes a 110% V-shaped recovery after Rocket Joe launch

The market appears to be finding its feet and as the smoke clears, its easier to see which projects are fundamentally flawed and which are returning to their previous trading range where they were before the recent three-week downturn.

09.02 / 21:15

Blockchain Technology defi CoinMarketCap Shiba Inu CoinMarketCap removes allegedly fake SHIB wormhole addresses

Late Wednesday, Twitter user @shibainuart reported that CoinMarketCap had removed three listed Shiba Inu (SHIB) addresses on the Binance Smart Chain (BNB), Solana (SOL), and Terra (LUNA) blockchains. Only the ERC-20 (ETH) SHIB token is visible on the site at the time of publication. A massive firestorm brewed on Twitter about three weeks prior after Shiba Inu developers alleged that "CoinMarketCap has knowingly listed three fake contract addresses for SHIB. Do not interact with these addresses as your funds will be irreversibly lost."

08.02 / 20:21

Blockchain Technology defi Scams saga Wonderland’s treasury saga exposes the fragility of DAO projects today

The Wonderland protocol became the talk of the decentralized finance (DeFi) world after the platform was found at the center of a brewing controversy.

08.02 / 17:30

business defi Investments Funding Alchemy joins Web3 decacorns club following $200M funding

Web3 development platform Alchemy announced a fresh round of $200 million funding, bringing up the company’s valuation to $10.2 billion, just above the decacorn threshold.

08.02 / 13:51

Stablecoin defi Hackers Polygon Polygon stablecoin QiDAO exploited for $13M on Superfluid vested contract

Polygon’s native stablecoin protocol QiDAO faced an exploit on its Superfluid vesting contract leading to a 65% drop in the price of the governance token QI. QI price fell from $1.24 to $0.18.

08.02 / 12:59

Twitter NFT defi Social Media Standard Watch Out, Aave and Twitter's Bluesky Move Towards New Social Media Standard

Decentralized finance (DeFi) protocol Aave (AAVE) has launched an open-source, decentralized social media ecosystem dubbed Lens Protocol. Concurrently, the Twitter-backed Bluesky project has formed an independent organization to implement its vision of creating "an open and decentralized standard for social media."

08.02 / 06:59

Blockchain defi Hackers Tokens Exploit Latest DeFi bridge exploit results in $4.4M losses for Meter

The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans.

08.02 / 00:37

defi Funding Loans Testnet open Hashstack launches Open protocol testnet, offering under-collateralized loans

The DeFi lending and borrowing market has grown significantly in volume as new lending protocols continue to attract capital and NFT-backed loans become more popular. According to Dune Analytics, the top three platforms in terms of market capitalization are Aave, Maker, and Compound. These platforms, however, still are facing issues when it comes to collateral requirements and volatile digital assets.

07.02 / 17:05

business defi Sport Football Former Manchester United players to launch soccer-centric DAO

Former Manchester United legends Gary Neville and Paul Scholes are teaming up to launch a one-of-a-kind sports-centric DAO (decentralized autonomous organization) that would allow fans to make investments alongside these legends.

07.02 / 11:53

Blockchain defi DAO Internet information RSS3 aims to be the decentralized information processor of Web3

Really Simple Syndication (RSS), the first information distribution protocol that saw massive adoption across the internet is all set to take on Web3 with a decentralized information processing protocol called RSS3.

06.02 / 22:49

markets Ethereum defi Bitcoin week Top 5 cryptocurrencies to watch this week: BTC, ETH, NEAR, MANA, LEO

Bitcoin (BTC) surged above the $40,000 psychological resistance on Feb. 4 and successfully held the level over the weekend. This boosted the total crypto market capitalization from $1.78 trillion on Feb. 3 to about $2 trillion on Feb. 6, according to data from CoinGecko.

05.02 / 22:27

markets defi Marketplace The Metaverse calls: NFTs construct virtual economies to stay relevant in 2022

As NFT projects prepare to embark into the Metaverse, it seems they are pivoting from their static imagery to integrating mechanics that provide utility.

05.02 / 08:29

Blockchain Technology defi community DAOs are meant to be completely autonomous and decentralized, but are they?

While the organizational structure of a decentralized autonomous organization (DAO) is fundamentally meant to be “decentralized,” some of the biggest DAO protocols including Uniswap are not. A lot of the day-to-day activities within DAOs still involve a few core members of the organizations to make major decisions. This raises the question as to whether DAOs are completely decentralized. And, if not, is complete decentralization even possible?

05.02 / 05:31

Blockchain Ethereum defi fees Gas-free transactions will revolutionize Web3

Scalability is one of the main hindrances within decentralized finance (DeFi) applications and has created huge barriers to entry. Closely linked to this has been the issue of high gas fees, which continues to be a major pain point for newcomers to the Web3 space. When Web3 goes mainstream, these gas costs will become minimal. For the user, the experience will become completely gas-less like how it is on Web 2.0 applications.

05.02 / 02:09

markets defi Investments education Winter is coming! Here are 5 ways to survive a crypto bear market

The cryptocurrency market has an interesting way of catching even the most seasoned veterans off guard as each bull and bear market initially shows similarities to previous cycles only to veer off in an unexpected direction and wipe out the fortunes of newly minted crypto millionaires.

04.02 / 12:17

Ethereum cryptocurrency defi Jump Trading replaces stolen Wormhole funds after $320 mln crypto hack

cryptocurrency arm of Jump Trading said on Thursday it had restored more than $320 million to crypto platform Wormhole after the decentralized finance site was hit with one of the largest crypto heists on record. In a tweet, Jump Crypto said they chose to replace the stolen money «to make community members whole and support Wormhole now as it continues to develop.» Chicago-based Jump Trading acquired Certus One, the developer behind Wormhole, in August.

03.02 / 23:47

markets Ethereum defi Marketplace Immutable Immutable X Immutable X (IMX) price soars after GameStop partnership and new project launches

Nonfungible tokens (NFT) continue to be one of the hottest sectors of the cryptocurrency market in 2022 despite the overall multi-month weakness seen in Bitcoin (BTC) and other large-cap crypto assets.

03.02 / 17:58

Blockchain defi Lightning Network Bitcoin network First publicly listed, purpose-built Lightning Network company launches new accessible platform

Bitcoin’s Lightning Network is a layer-2 solution providing scalability to the Bitcoin network itself. It offers faster and cheaper transactions while providing users with a way to buy simple products and services such as coffee with their digital assets.

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