Defi Financial News

21.01 / 07:27

Blockchain defi DEX Cardano SundaeSwap launches on Cardano but users report failing transactions

Cardano’s first decentralized app (DApp) SundaeSwap has launched but is causing a frustration among users due to congestion, platform errors and failed transactions.

21.01 / 00:18

markets Ethereum defi network EVM Moonbeam (GLMR) launch brings EVM interoperability closer to the Polkadot network

Cross-chain compatibility with the Ethereum (ETH) network has become a necessary component for any layer-one protocol looking to remain relevant because a majority of projects and funds locked in smart contracts are found on the top-ranked smart contract platform.

20.01 / 18:33

defi Altcoin avalanche Gnosis network 1inch Network expands to Avalanche and Gnosis Chain

The 1inch Network announced on Wednesday its plans to deploy the 1inch Aggregation Protocol on Avalanche and the 1inch Limit Order Protocol on Gnosis Chain, formerly known as the xDai Chain. In a statement shared with Cointelegraph, the 1inch Network expressed its aim to further expand its capabilities within the decentralized finance, or DeFi, industry.

20.01 / 17:04

Blockchain Technology Adoption defi Stader Labs announce $12.5 million strategic raise, receives praise from Terra founder Do Kwon

On Thursday, Stader Labs, a crypto firm building decentralized finance, or DeFi, products for proof-of-stake blockchain networks, announced that it raised $12.5 million in a private sale. The funding round was led by Three Arrows Capital with additional participation from Blockchain.com, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment, and anger investors. This puts Staber Labs at a valuation of $450 million.

20.01 / 17:04

business Blockchain defi Funding Aleph.im raises $10M to develop censorship-resistant data storage

The competition among the computing networks is warming up, with decentralized players coming into the stage with backing from the crypto ecosystem.

20.01 / 17:04

Blockchain defi Trading Cryptocurrency exchange undergoes transition to provide unparalleled trading experience for emerging markets

Starting any cryptocurrency journey begins with a single exchange, trade or transfer from fiat to crypto. Since the experience differs from that of traditional currencies, many users are often presented with a steep learning curve to begin buying, storing and trading digital assets. This finding resulted in several exchanges that were able to capture market share in the early trading days with basic functionality tailored to new users. However, as the industry and users themselves have evolved, offerings have fallen short in adapting their products to meet the changing needs of their customers. And this reality has only become more prevalent in the rapidly evolving cryptocurrency industry we find ourselves in today.

20.01 / 14:15

Hack defi Polygon avalanche Multichain vulnerability Multichain Losses Reportedly Exceed USD 3M As Critical Vulnerability Remains Unsolved

Losses of the cross-chain router protocol (CRP) Multichain have reportedly exceeded USD 3m as the protocol is still prone to additional hacks and exploitation.

20.01 / 13:59

Blockchain Technology Ethereum defi Crypto Staking Crypto staking: How to pick the best staking coins for passive income

Crypto staking involves locking up one’s cryptocurrency holdings to earn interest or rewards. Technically, “staking” is how certain blockchain networks verify transactions.

20.01 / 08:45

Blockchain defi Platform Interface AscendEX Lists the Solanium Token, SLIM

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

20.01 / 05:33

business defi privacy Funding network Secret Network offers $400M in funding to bring others in on the secret

Secret Network is offering $400 million in funding to grow its privacy-oriented ecosystem and expand user adoption.

19.01 / 21:41

Blockchain NFT defi Tokens play Mechanical beings come to life in the first-ever play-to-earn game designed for smartphones and integrated with Terra

When most people think of the metaverse, the words "virtual reality" follow shortly behind. However, the concept, which refers to a completely immersive digital environment, is much more than that, relying on a series of interconnected devices to craft and shape the world to the liking of the users, each of which requires an entry point into this new place of existence. Although broad in concept, the world has already experienced this bridging concept with the creation of the internet, the first iteration of the metaverse.

19.01 / 20:55

Dogecoin defi DEX Decentralized Exchange THORChain brings DeFi yields and swaps to DOGE

Cross-chain liquidity network THORChain has enabled support for Dogecoin (DOGE) — bringing a new suite of decentralized finance (DeFi) capabilities to the popular memecoin.

19.01 / 04:38

Adoption defi regulation security TradFi The TradFi-DeFi Tug of War: Is a DeFi-Only Utopia Possible?

Will Hamilton is Head of Trading & Research at TCM Capital, a wholly-owned subsidiary of Token Capital Management & Technologies Pte Ltd.

19.01 / 03:11

Blockchain Ethereum defi security Top crypto Top Crypto Trends to Watch in 2022, According to Pantera’s Paul Veradittakit

With 2022 already underway and the crypto market still sliding lower, it's an excellent time to take a look at what expectations industry insiders have for the crypto landscape in the year before us.

19.01 / 02:50

Ethereum NFT defi Marketplace acquires OpenSea acquires Dharma Labs and a new CTO

OpenSea announced Tuesday the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount. According to the statement, Dharma Labs would effectively shut down and its co-founders Nadav Hollander and Brendan Forster, will become OpenSea’s new Chief Technology Officer and its Head of Strategy, respectively.

18.01 / 20:13

Ethereum defi Bitcoin Where are the best APYs for stablecoins? | Find out now on The Market Report!

In this week’s episode of “The Market Report,” Cointelegraph’s resident experts showcase where to find some of the best stablecoin yields in decentralized finance, or DeFi.

18.01 / 20:00

defi Gaming Gemini Investment valuation NFT Powerhouse Animoca Brands Hits USD 5B Valuation as Winklevoss & Soros Join USD 359M Round

Major non-fungible token (NFT)-focused company Animoca Brands said reached a valuation of USD 5bn after completing a USD 359m investment round.

18.01 / 18:45

Blockchain Stablecoin defi Funding Solana-based DeFi protocol Hubble raises $10M, prepares for mainnet launch

The Solana (SOL) network is ready to see the mainnet launch for another decentralized finance (DeFi) protocol, aimed at Web3 development and backed by bigshots from the crypto industry.

18.01 / 14:36

Blockchain defi Hackers hacks Multichain Multichain asks users to revoke approvals amid ‘critical vulnerability’

Cross-chain router protocol Multichain (formerly Anyswap) urges users to revoke approvals for six tokens to avoid loss due to a “critical vulnerability” that is currently being exploited by malicious individuals.

18.01 / 13:48

NFT defi OKEx marketing Standard OKEx Rebrands to OKX as It Moves 'Beyond Standard Centralized Exchange Model'

Major crypto exchange OKEx has changed its brand name to OKX as it says it is now "so much more than an exchange."

17.01 / 12:51

defi MARKET Altcoins Olympus Sheds 35% in Price and USD 474M in Market Cap as Whale Dumps the Coin

OHM, the native token of decentralized finance (DeFi) protocol Olympus, plunged by nearly 35% at around 2 am UTC on January 17, as a whale unloaded OHM 82,526 (worth USD 13.3m at the time), which triggered a series of liquidations that exacerbated the price drop.

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