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Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI
25.11.2020
Decentralized finance (defi) protocol Pickle Finance was hacked for $19.7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling from $23.27 to $8.70 when the hack...
Yearning for Pickle? Two DeFi Protocols Merge
24.11.2020
Pickle Finance was recently hit by an exploit in which $19.7 million in DAI was lost
Christine Lagarde: ‘The European Central Bank Cannot Go Bankrupt or Run Out of Money’
24.11.2020
In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses running into trillions. According to Lagarde, normal bankruptcy rules do not apply to the ECB primarily because...
DeFi Protocol Pickle Finance Token Loses Almost Half Its Value After $19.7M Hack
22.11.2020
Popular decentralized finance protocol Pickle Finance was hacked on Saturday
Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think
22.11.2020
Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep...
$pickle in a pickle as attacker swipes $20 million in “evil jar” exploit
21.11.2020
The perils of decentralized finance in the spotlight yet again after the latest major DeFi exploit
TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad
21.11.2020
In recent months, a new DeFi upstart has been making a name for itself in the cryptocurrency arena. It’s called TrustSwap, and it’s purpose-built to fill a void in the crypto industry that’s integral to the continued mission of bridging the gap between crypto and mainstream...
German Finance Minister Says He Does Not Support Private Cryptos: Report
20.11.2020
Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future
Bitcoin Derivatives See Record Highs, Year-End BTC Options Show 29% Chance Price Crosses $20K
20.11.2020
As the crypto economy sets its sights on half of a trillion in USD value, digital currency derivatives markets are swelling significantly. Bitcoin futures have surpassed a six-month high at $52 billion, while the crypto asset’s options markets have jumped massively too. Additionally, bitcoin...
Yearnify Finance (YFY) Hidden Gem – Decentralized Finance Project, Pre-Sale Round 2 Is Now Live
20.11.2020
PRESS RELEASE. Yearnify Finance is considered as one of the most innovative sources of passive income by most of the investors. It has drawn attention due to its potential high returns and extreme security measures. What is Yearnify Finance? Yearnify Finance is a community-centered DeFi-project...
Report: Pandemic Response Pushed Global Debt to $272 Trillion in Q3, $5T in Borrowing Expected in Q4
20.11.2020
The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic. Already, the debt has ballooned by $15 trillion this year to $272 trillion through September....
Open Finance Is Better Than Broken Finance
19.11.2020
Traditional financial services fail to meet the core needs of a global economy. DeFi is not perfect but it's for everyone
Dress to impress: Crypto payments set for mainstream via compliance
19.11.2020
Regulatory compliance is crucial for firms hoping to drive mainstream crypto adoption no matter which part of the world they operate in
Finance Redefined: You get hacked, they get hacked, everyone gets hacked, Nov. 11-18
19.11.2020
Four hacks in a week are too much, even for DeFi
Trade finance: The latest industry to boost DLT adoption amid COVID-19
18.11.2020
The COVID-19 pandemic has triggered the adoption of blockchain and DLT-based business solutions in the global trade ecosystem
Curate, Next Generation Yield Farming
18.11.2020
PRESS RELEASE. Curate decentralized platform has set the goal of maximizing the DeFi potential. The main task is to create a complete platform autonomy with a gradual transition to self-management by community members. Curate is an autonomous full-cycle ecosystem. Platform members use ETH-Xcur...
How DeFi can improve the e-commerce sector
18.11.2020
DeFi and shopping may seem like an unlikely combination, but these protocols have the potential to unlock better deals for consumers and merchants alike
Bitcoin Unlimited Hosts Week-Long Hackathon to Bolster the Future of Finance
18.11.2020
On December 2, 2020, the organization and full node project Bitcoin Unlimited is hosting a week-long hackathon that aims to build the future of finance by leveraging the decentralized crypto network Bitcoin Cash. The event dubbed “Coinparty 2020” aims to get the top crypto talent in...
DeFi is here to stay despite signs of a bubble, says Binance CEO
17.11.2020
Cryptocurrencies like Bitcoin are the best form of money, Binance’s CEO says
Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million
17.11.2020
A decentralized finance (defi) protocol that bragged about having flash loan attack prevention has been exploited for $6 million in DAI, in a flash loan attack. Value Defi, a yield aggregating protocol, boasted of having the “highest security” in a Nov. 13 tweet that now appears to have...