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FEG recovers 90% liquidity after Team Finance Exploit
2.11.2022
Team Finance suffered a huge loss of $14.5 million, including the FEG liquidity. According to the on-chain data, the affected areas in the exploit had recovered all the stolen funds leaving the 10% bounty token for the hacker. Feed Every Gorilla Token (FEG) serves as a blockchain platform operating...
New York-Based Investment Firm CoinFund Looking to Invest $250,000,000 in Crypto Startups
2.11.2022
U.S. investment firm CoinFund has unveiled plans to sell unregistered securities worth a total of $250 million, securing funds for further investments in crypto startups, according to three filings the company made with the country’s Securities and Exchange Commission (SEC). ...
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Crypto regulation is 1 of 8 planned priorities under India's G20 presidency, says finance minister
1.11.2022
Nirmala Sitharaman's comments came amid the Reserve Bank of India launching its digital rupee pilot program for the wholesale segment
Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on Terra
1.11.2022
Following the Terra stablecoin collapse last May, the Terra blockchain ecosystem has another stablecoin concept in the works called “Solid.” The stablecoin Solid and its white paper were revealed by a decentralized finance (defi) project, Capapult Finance, and the idea has been dubbed...
Crypto Finance Firm Galaxy Digital to Cut One-Fifth of Workforce: Sources
1.11.2022
CoinDesk estimates that around 11,700 crypto jobs had been lost as of mid-October as a result of the crypto winter
Indian Finance Minister Says Crypto Regulation Is a 'Working Priority' for Its G20 Presidency Next Month
1.11.2022
Indian Finance Minister Nirmala Sitharaman had earlier mentioned crypto would be on the agenda of its G20 Presidency starting next month for an year. On Tuesday she said framing crypto assets would be one of eight priorities that are still in the works
Porter Finance Team Returns for Second Shot at DeFi Bonds Project
1.11.2022
Three of the four team members at Porter Finance say the potential for on-chain bond issuances is still massive, months after the protocol was suddenly shuttered
Nigeria’s Central Bank Doubles Down on Plans to Introduce Newly Designed Naira Banknotes
31.10.2022
The Nigerian central bank was, on Oct. 29, forced to defend its controversial currency redesign plans, just a few days after they were publicly questioned by Nigerian Finance Minister Zainab Ahmad. The central bank insists the move is long overdue and urged Nigerians “to support the currency...
Team Finance hacker returns $7M to associated projects after exploit
31.10.2022
The individual who exploited the protocol intends to keep a 10% bounty of the stolen funds
Attacker Behind $14.5M Team Finance Exploit Returns $7M
31.10.2022
On-chain data shows that four projects affected in the attack received the stolen tokens over the weekend
Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency
31.10.2022
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better...
Terrorists are funding their horrible deeds with crypto: UN officials
31.10.2022
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, "advanced" terror organizations are turning to cryptocurrencies
DeFi vs. CeFi: What’s the Difference Between Decentralized and Centralized Finance?
29.10.2022
The crypto ecosystem is composed of both centralized and decentralized finance, two segments that offer various financial products and services. This guide will compare CeFi vs. DeFi and highlights their respective opportunities and drawbacks.
On the surface, centralized finance (CeFi) is similar...
Compound pauses 4 tokens to avoid price manipulation: Finance Redefined
28.10.2022
The last week of October turned bearish for the DeFi market despite the string of hacks, as the majority of the DeFi protocols registered bullish weekly gains
Here is why strong post-Merge fundamentals could benefit Ethereum price
28.10.2022
An increase in staked ETH, lucrative yield on liquid staked ETH tokens and deflationary tokenomics are possible bullish factors for Ethereum price
Fantom Network Launches Automated Smart Contract Audit System Watchdog to Monitor for Bugs
28.10.2022
On October 27, the Fantom Foundation announced a collaboration with the security and analysis platform Dedaub in order to bolster Fantom’s decentralized finance (defi) ecosystem. Dedaub’s monitoring system called Watchdog will monitor smart contracts on the Fantom blockchain for exploits and buggy...
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
28.10.2022
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work...
Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model
28.10.2022
Frax's dual token model will simplify DeFi integrations and supposedly allow users to earn above-average ether staking yields
Team Finance suffers an exploit of $14.5M
28.10.2022
Team Finance, a crypto liquidity provider, unveiled on Thursday that they have suffered a loss of $14.5M through a smart contract bug in its system. It said in a tweet that they are exploited through the v2 to v3 migration function, which was previously audited. Team Finance is actively working...
UniLend V2 Launched: Becomes 1st True Permissionless Lending and Borrowing Protocol
28.10.2022
PRESS RELEASE. Launching its much awaited V2 testnet on the Goerli chain today, UniLend team is looking to Revolutionise the Lending and Borrowing scene in the DeFi space. It is the first ever protocol which claims to “Make Every Digital Asset Productive”. Earlier, UniLend Finance CEO, Chandresh...