Defi Financial News

27.12 / 12:55

Ethereum defi hacks Drop Rug Pull Metaswap Gas incommunicado as experts link MGAS price drop to rug pull

Blockchain security company PeckShield has alerted investors of a possible rug pull event after identifying a massive 46.99% price drop on MetaSwap’s MGAS token. The MetaSwap protocol allows nonfungible token (NFT) swaps over the Ethereum, Binance and Polygon blockchains.

27.12 / 04:37

markets Ethereum defi Bitcoin analysts Analysts say 2022 will be ‘defined by agility and cost-efficiency’ instead of ‘blockchain purity’

The entire crypto market took great strides toward mass adoption in 2021 and now that the year is nearly complete, analysts are setting their price targets for 2022.

24.12 / 19:30

Binance defi Platform Decentralization Interlay Multichain Finance Redefined: Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24

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

23.12 / 22:21

markets Blockchain defi Altcoin Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain

Terra (LUNA), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra's TVL was at $11.9 billion, signifying a 68% increase in less than a month. This means that the platform's users are investing in large quantities into the protocol to receive staking rewards.

23.12 / 21:39

Blockchain defi Internet Fighting for Web 3.0: Digital wallet wars are the new browser wars

Most people might not remember that websites once had icons that said, “This site has been optimized for Internet Explorer,” but, two decades ago, it wasn’t uncommon.

22.12 / 14:29

Stablecoin defi M&A community mergers approved Fei-Rari Union Approved, Marking One the Largest DAO Mergers in DeFi History

A vote to merge Rari Capital, an open interest rate protocol that allows the creation of permissionless lending pools, and Fei Protocol, issuer on the native algorithmic stablecoin FEI, was approved on Tuesday at Ethereum (ETH) block height 13850929.

22.12 / 12:19

Ethereum ETH Hack defi Santa Hackathon? Visor Finance Marks 7th Hack in December

Liquidity management decentralized finance (DeFi) protocol Visor Finance is the latest victim of a DeFi hack, with the protocol estimated to have lost USD 8.2m worth of digital assets - and becoming the 7th crypto establishment to get exploited in the last month of the year.

21.12 / 18:15

defi MARKET yearn.finance Yearn.Finance Token Jumps as Team Promises ‘Aggressive Buybacks’

YFI, the governance token issued by the decentralized finance (DeFi) protocol Yearn.Finance, has seen its price almost double in a week following the announcement of a completed token buyback worth some USD 7.5m.

21.12 / 14:29

Digital Hack defi Platform 6th Hack This Month Confirmed: Bent Finance Asks Investors to Withdraw all Funds

High yield staking platform Bent Finance has confirmed that it has been attacked, advising investors to withdraw funds - becoming the sixth hacked decentralized finance (DeFi) platform we reported on this month alone.

20.12 / 15:03

Blockchain NFT defi 2021 Blockchain Solution of The Year releases the first NFT gam

The play-to-earn model has shown an entirely new world to gamers, one that will reward their efforts for spending time in an ecosystem — for example, taking a traditional game like Mario in a play-to-earn model would earn income, as Mario wins a race in MarioKart and defeats his opponents. These earnings would then translate into real money when traded on an exchange, a concept that makes gaming only that much more rewarding.

20.12 / 13:43

Hack defi Altcoins analyst Hacked Grim Finance's Auditors Blame New Analyst For Missing the Issue

Auditors of the decentralized finance (DeFi) platform Grim Finance, which was exploited for USD 30m worth of digital assets on Sunday, claim that a new analyst had conducted the protocol's audit while their Chief Technology Officer (CTO) was on vacation.

20.12 / 12:31

Blockchain defi MARKET Polkadot NOT Investors Not Impressed by Polkadot's Parachains Launch

Blockchain protocol Polkadot (DOT) failed to impress investors over the weekend as it launched its first set of parachains, or individual blockchains running in parallel within the Polkadot ecosystem.

20.12 / 12:21

defi Hackers hacks Decentralization Lost DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

The decentralized finance (DeFi) protocol Grim Finance reported $30 million in losses due to a reentrancy exploit of the platform’s deposits.

19.12 / 13:39

business Blockchain Adoption defi Polkadot envisions Web3 disruption with multiple parachain launches

Open-source blockchain platform Polkadot announced the launch of its first parachains (or parallelized chain) aimed at improving the interoperability between multiple blockchains.

18.12 / 16:33

Blockchain Adoption defi Investments 2021: The dawn of democratized launchpads

Those that were around in 2017 likely remember the initial coin offering (ICO) craze, which saw swathes of new projects emerge — many of which generated staggering returns for participants in a matter of weeks or months.

18.12 / 08:09

defi crypto market Decentralized Finance A small token with nostalgic feel bloats in value

La Peseta (PTA), which zoomed 52,000 per cent in 24 hours, before eroding the majority of its value from the peak. The token shot to $0.000001307 from $0.000000002521 on Friday, before trading at $0.0000003611 at 2 pm IST. This means that Rs 1,000 invested in these tokens would have become Rs 5.18 lakh. The market cap of this token was more than $16.2 million, but it has reported a market cap of less than $870,000, according to the data from Coinmarketcap.

18.12 / 00:15

NFT defi PwC Tax DAOs, Token Holders Could Face New Tax Liabilities, PwC Report Warns

People who are part of Decentralized Autonomous Organizations (DAOs), or even holders of certain decentralized finance (DeFi)-focused governance tokens, could have tax liabilities that far exceed what they expect to see, a new PwC report on crypto taxation has warned.

17.12 / 22:23

markets Ethereum defi Bitcoin YFI, HXRO and AR post gains even as Bitcoin price dips to $45.5K

Bitcoin (BTC) bulls took another beating on Dec. 17 as a midday onslaught dropped the price to $45,500. The price did manage a quick bounce back to $47,000 but sweeping a new daily low could be a sign that additional downside is in store.

17.12 / 21:03

Stablecoin defi Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17

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

17.12 / 17:49

Crime defi scam Chainalysis Rug Pull Scammers Stole USD 7.7B in Crypto in 2021 Amid Rug Pull Surge - Chainalysis

Scams continue to generate the largest stream of cryptocurrency-based crime by transaction volume, with more than USD 7.7bn worth of crypto stolen from victims across the world so far this year, according to a recent report by blockchain analysis company Chainalysis.

16.12 / 19:29

NFT defi Metaverse Metaverse, NFT And DeFi: Here's Why They Matter In The Blockchain World

All components Metaverse, NFT, and DeFi operate over the blockchain.

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