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Bitcoin Surge Propels DeFi TVL Past $100 Billion Milestone
10.3.2024
The decentralized finance (DeFi) sector has surpassed a significant milestone, with the total value locked (TVL) in DeFi protocols exceeding $100 billion.
The post Bitcoin Surge Propels DeFi TVL Past $100 Billion Milestone appeared first on Cryptonews
Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone
9.3.2024
In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual...
Navigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained
7.3.2024
Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers...
Simplified KYC Means DeFi Compliance Without Compromising On Privacy
5.3.2024
It’s almost impossible to remain anonymous in the traditional financial world because banks and other financial institutions will always demand some form of identity before they do business with anyone. That’s in stark contrast to crypto and decentralized finance, where users interact via their...
Why Everyone Is Looking Forward To Girand/ Why Girand Could Be A Gamechanger
3.3.2024
2024 is expected to be a year of change in the development of the gaming industry, especially in light of the exciting new trend, GameFi. Combining the world of video games and decentralized finance, GameFi creates a unique space where players enjoy virtual worlds and actively participate...
Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards
3.3.2024
In a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over...
Arbitrum and Robinhood Partnership Ushers in New Era for Decentralized Finance Swaps
1.3.2024
Ethereum scaling solution Arbitrum has partnered up with trading app giant Robinhood to announce a new token swap integration in Robinhood’s self-custody wallet. The companies made the joint announcement yesterday at the ETHDenver conference. The new integration lets Robinhood Wallet users...
Community-Driven Ecosystem Accelerators ‘A Vital Component of Crypto Funding Mechanisms’ – Elie Le Rest
29.2.2024
Large institutions will fully embrace decentralized finance (defi) only when they are confident that their trade counterparties will comply with sanctions and other international laws, argues Elie Le Rest, CEO of Colony Lab. However, Le Rest, also an angel investor, said trade counterparties...
DeFi Risk Management Firm Gauntlet Joins Morpho Post Aave Exit
27.2.2024
Quantitative research firm Gauntlet has joined Morpho, a trustless decentralized finance (DeFi) lending protocol, as a risk curator following its departure from Aave (AAVE).
The post DeFi Risk Management Firm Gauntlet Joins Morpho Post Aave Exit appeared first on Cryptonews
Kyberswap Hack: Blockchain Security Firm Reports Movement of 800 ETH From Exploiter’s Address
26.2.2024
Blockchain security firm Peckshield revealed on Feb. 26 that an exploiter labeled address associated with the Kyberswap hack had bridged approximately 800 ether tokens from Arbitrum to the Ethereum blockchain. On the same day, the Kyberswap team unveiled revised dates for reimbursing users impacted...
Defi’s Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022
25.2.2024
Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with...
Injective Partners with DojoSwap to Launch CW-404 Standard, Inspired by ERC-404
23.2.2024
On February 23, Injective Protocol announced a strategic partnership with DojoSwap to launch the CW-404 standard, a groundbreaking token standard inspired by ERC-404. This collaboration aims to foster innovation and interoperability within the decentralized finance (DeFi) ecosystem.
The post...
Decentralized Money Market Protocol Aave Joins BNB Chain’s Defi Landscape
22.2.2024
On Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of $8.571 billion, Aave is now active across 13 blockchains in total....
The Protocol: Restaking Tokens Are Exploding, and Restaking Isn't Even Live
21.2.2024
In this week's issue of our weekly blockchain tech newsletter, Sam Kessler explores how "liquid restaking tokens" or LRTs are remaking decentralized finance. PLUS: Starknet's STRK airdrop, Stellar's smart-contract facelift and bitcoin's supply crunch
Bitcoin Advocate Fred Krueger Issues Stark Warning About Ethereum – Here’s What You Need to Know
21.2.2024
On February 21, popular Bitcoin maximalist Fred Krueger issued a stark warning about the world's first-ever smart contract network, Ethereum. In a post on X (formerly Twitter), Krueger stated that Ethereum is rapidly losing its essence amid growing competition in decentralized finance (DeFi).
The...
Sui Network Records $593 Million TVL as Wider Market Taps $72.7 Billion
19.2.2024
As bullish pressure ignites, the Sui network recorded a massive spike in transactions and TVL alongside the broader crypto market. New market data from decentralized finance (DeFi) on-chain analytics firm DeFiLlama shows an uptick in volumes from different metrics in the Layer 1 network. On Feb...
Blockchain-Based Loyalty Rewards Foster Brand-Customer Connection, Accelerate Web3 Adoption — Gennady Volchek
16.2.2024
Universal loyalty programs can serve as potent tools, not only forging a direct link between a brand and its consumers but also influencing the latter’s shopping behaviour, Gennady Volchek, the CEO of the loyalty rewards app Shping, has said. However, by harnessing the power of blockchain...
ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator
16.2.2024
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that,...
USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor
16.2.2024
The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins. Speaking at a conference in Nassau, Bahamas on Thursday, Waller said that decentralized finance (DeFi) could actually boost dollar dominance. He stressed...
Chainalysis Report: Crypto Value Sent From Illicit Addresses Dropped by Nearly $10 Billion in 2023
16.2.2024
According to Chainalysis’ report on money laundering trends, the value of crypto transferred by illicit addresses in 2023 fell by nearly $10 billion from $31.5 billion to the latest $22 billion. The report attributes the drop to the overall decline in both legitimate and illicit crypto...