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Nalezeno "Defi News": 1368

COTI announces Ethereum Ecosystem Growth Fund to drive privacy


The COTI Foundation has announced an Ecosystem Growth Fund with a hefty contribution of 400 million COTI tokens. The fund, with an estimated value of $25 million, will provide financial assistance to initiatives that promote the development and effectiveness of the COTI ecosystem. COTI has long...

Lendr Network connects with the Chainlink BUILD program


Lendr Network has announced plans to integrate with the Chainlink BUILD program to promote their real-world asset (RWA) tokenization protocol and accelerate the development of the ecosystem. This will be possible through the provision of enhanced accessibility to Chainlink’s well-established...

Tether partners with rhino.fi to improve cross-chain transactions


Tether and rhino.fi form a strategic partnership to enhance cross-chain transactions and increase user awareness of USDT in the DeFi domain. This affiliation will enhance USDT connectivity across primary Layer 1 blockchain and Layer 2 rollups. Tether, for its part, is the most prominent...

After a $3.3M attack, SocketDotTech Protocol releases statement


Socket recently released an official statement addressing its security incident. The protocol experienced a 3.3 million-dollar attack recently. The tweet by Socket stated that the team has identified the issue and has already paused the affected contracts. The protocol also assured users that...

CCIP integrates Circle’s CCTP for cross-chain USDC transfers


To offer users a safe and dependable method to transfer USDC across chains, Chainlink has announced the integration of two industry standards: the Chainlink Cross-Chain Interoperability Protocol (CCIP) and Circle’s Cross-Chain Transfer Protocol (CCTP). Using Chainlink CCIP, developers can...

Kado launches Archway Ecosystem fiat on-ramp


As the leading Web3 payment provider, Kado facilitates the connection between developers and the Archway Ecosystem, granting its consumers the ability to convert fiat to Arch. One needs to acquire ARCH to pay transaction fees to interact with the Archway ecosystem. The onboarding process was long...

Circle publishes a report for the USDC State of Economy


Circle has published a report titled State of the USDC Economy. The goal is to talk about how far stablecoin has come since its inception in 2018. A few months of the previous year, that is, 2023, were pretty hard on its market cap, especially with a drop of ~60% that brought the value down …

Polygon Labs announces the launch of zkEVM launchpad


Polygon Labs has announced the launch of the Polygon zkEVM Launchpad. While the offering has been rolled out, it is only in Stage 3 that the community will experience the full-fledged functionality of zkEVM. That said, there are 3 stages in which Polygon Labs is rolling out the Polygon zkEVM...

Nitrogen, a public Arbitrum Orbit testnet using Celestia is Live


Nitrogen, a public Arbitrum testnet using Celestia as a modular DA, recently went live. The public testnet is the fruition of the collaboration between Celestia, AltLayer, and Arbitrum. In a recent tweet, AltLayer announced the release of the testnet. The tweet read that Nitrogen is employing...

Chainlink expects expansion in 2024


The optimism that the Chainlink team has for the year 2024 does not precisely reflect the sentiments of its native token and community. While the token has been slipping for some time now, the community has sought answers to questions about how much CCIP is really earning from its services. What...

CFTC Committee Recommends Enhanced Understanding and Regulation of DeFi


CFTC building. Source: Adobe / JHVEPhoto The Technology Advisory Committee of the US Commodity Futures Trading Commission (CFTC) has taken a significant step in addressing the challenges posed by decentralized finance (DeFi) by voting to submit a report urging the government and industry...

Bella Protocol integrates LP Farm with Manta Network


Bella Protocol has announced that LP Farm has integrated the Manta Network. The move has been taken to enhance liquidity provision on multiple chains as a part of its commitment to do the same. LP Farm is a flagship DeFi product of Bella Protocol and is now live on zkSync and Mantle Network on...

Klaytn Foundation onboards $GPC (Gold Pegged Coin)


Klaytn Foundation has adopted $GPC (Gold Pegged Coin), along with providing its complete backing of the DeFi platform, Goldstation, on its blockchain. For the uninitiated, the Klaytn Foundation is the setup responsible for the public blockchain, Klayton, in South Korea. Klaytn is a blockchain...

Crypto Scammers Swipe $123K in stETH from Nest Wallet Founder in Fake Airdrop


The Nest Wallet founder has lost his life savings in an elaborate fake crypto airdrop scam. Image by Kerem Goktug Kaya, DALL-E 3. In a sobering reminder of the prevalence of cryptocurrency scams, Nest Wallet co-founder Bill Lou revealed on Tuesday he fell victim to an elaborate fake airdrop scheme...

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