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Hacked Grim Finance's Auditors Blame New Analyst For Missing the Issue
20.12.2021
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....
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The DeFi Kingdom Announce New NFTs Named Heroes
17.12.2021
The DeFi Kingdom, the emerging GameFi venture, recently announced new NFTs called Heroes. The NFTs are playable characters that can earn tokens on quests. Unlike standard NFTs, Heroes gain experience with quests and can even equip gear for better performance. DFK (DeFi Kingdom) has dominated...
DeFi Companies Reach Out to Finance Ministry for Crypto Regulations
16.12.2021
The recently-proposed crypto regulations are harboring attention as DeFi companies reach out to the finance ministry. The firms seek more clarity on the regulations, propositions, and effects. Most of these firms revolve around offering interest on crypto-insurance, loans, and deposits. The primary...
Force Bridge Will Now Be Utilized by the Cardano Lending Platform
15.12.2021
Background MELD is Cardano DeFi banking protocol. Its operations aim to empower the users through tools and services, enabling them to enjoy the independence of managing their finances. The management of finance covers earning interest through investments, creating collateralized debt positions...
Even This Hydraulics Firm Takes Crypto, DeFi, NFT & Metaverse Plunge
14.12.2021
The Korean Stock Exchange-listed South Korean hydraulics firm Sewon E&C is in the final stages of sealing a deal with a major decentralized finance (DeFi) player over proposed crypto, non-fungible token (NFT), and metaverse collaboration....
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ICON’s P-Reps Approves Funding for the KarmaDAO
14.12.2021
ICON’s P-Reps will now accept financing for KarmaDAO, a DeFi 2.0 project backed by protokol7. The goal of KarmaDAO is to “assist protocols in establishing protocol-owned liquidity along with offering advantages to network members — users. OlympusDAO pioneered Protocol Owned Liquidity,...
TrustFi and PlayPad Announce Partnership for Cross-Marketing
13.12.2021
TrustFi works hard to link with firms sharing a similar vision of assisting projects in achieving long-term success through on-chain asset liquidity management. As a result, TrustFi is ecstatic to announce the collaboration with PlayPad, which is supported by a multi-chain, fully decentralized...
Optimism Enters Partnership with Across
10.12.2021
Optimism recently treated its users by partnering with Across, the bridging venture. The latest integration allows Optimism Ethereum users to bridge finances back to Layer 1 Ethereum. Currently, users can access UMA, USDC, and ETH via the bridge, with the ventures planning to add more assets...
Coinbase Offers DeFi Yield Product To Users In 70 Countries
10.12.2021
In a bid to make decentralized finance (DeFi) more accessible to its customers, major US crypto exchange Coinbase says it is enabling users in 70 countries to buy a DeFi yield product using their DAI crypto holdings. ...
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GoGo Coin Is Set to Launch on Polygon, Introducing DeFi to Users
9.12.2021
GoGo Coin is ecstatic to announce that it will be available on Polygon. GOGOcoin, an NFT/DeFi hybrid platform with open source DeFi protocol, is designed for asset management and savings to expedite DeFi’s broad adoption. As a full-stack scaling solution with a fast-developing market for NFTs...
Asteria and Netswap Announce a New Strategic Partnership
8.12.2021
Netswap established a strategic partnership with Asteria on Wednesday, December 8th. Asteria is a decentralized option technology that uses a peer-to-peer trading framework. Asteria employs expert pricing models as well as a complete risk management strategy with a Delta Neutral Hedging system....
Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services
8.12.2021
Decentralized exchange (DEX) dYdX was down for 9 hours Monday afternoon to Tuesday morning, due to a major outage that hit Amazon's cloud-service network Amazon Web Services (AWS), once again stirring up debates about decentralization.
Some commenters have questioned whether a decentralized...
Polygon Provides a Grant to Plena Finance
7.12.2021
Plena Finance revealed on December 6th that they had secured a grant from the Polygon group. Polygon, the first fully functioning full-stack scalability system built on Ether, provides rapid transactions with incredibly cheap costs. They feel that by working together, the Plena Finance Android...
Taiwan Branch Officially Established by AOFEX to Promote Globalization
6.12.2021
One of the globalization strategies of AOFEX involved establishing its Taiwan Branch last Friday in an attempt to promote globalization and offer better service to its global clients. The official opening of this Taiwan brand is most likely to expand the international circulation of OT tokens...
BIS Sees 'Important Role' for DeFi, Pushes for Increased Regulation
6.12.2021
A new report from the Bank for International Settlements (BIS), sometimes called the central bank of central banks, has come to a somewhat unexpected conclusion that decentralized finance (DeFi) could play “an important role” in the traditional financial system - but warned about potential...
Polygen Announces Partnership with DAFI
3.12.2021
Polygen recently announced a technical collaboration with DAFI to offer better staking opportunities to its users. The partnership will see Polygen users gaining access to DAFI’s dToken reward mechanism. The latest functionality allows Polygen users to hold their project tokens. Instead of using...
Syscoin vs Fantom: Battle of the cross-chain smart contract networks
2.12.2021
Smart contract networks have witnessed a huge surge in popularity this year – and for good reason. They are a completely revolutionary part of blockchain technology that gives users the ability to seamlessly perform transactions with one another via an intermediary. The most popular platform...
fantomGO on Boards BeethovenX on Its Ecosystem
2.12.2021
The coming together of fantomGO and BeethovenX will become a game-changer for both the Crypto and decentralized finance (DeFi) categories. The collaboration will help raise the common man’s awareness about DeFi by educating them on how it is beneficial for the larger section of society rather than...
DeHive Successfully Integrated with xDai Blockchain
2.12.2021
DeHive, over the years, has earned some fantastic partners and are glad to state that they exclusively work with industry leaders. It’s encouraging to hear that leading industry companies are willing to support DeHive and collaborate on a shared offering. Today, DeHive is excited to announce...
Badger DAO Appears to Have Lost Over USD 62M in an Attack
2.12.2021
Badger DAO, a decentralized autonomous organization (DAO) that enables bitcoin (BTC) to be used as collateral across decentralized finance (DeFi) applications, has fallen victim to an exploit.
It was originally speculated that the project has lost over USD 10m worth of cryptoassets. However...