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Clover Finance Partners with Darwinia Network
21.4.2021
Clover Finance, the recent Polkadot project based on a decentralized finance system, has signed a collaboration with Darwinia Network. They aim to diversify the ecosystem of Polkadot by introducing more public chain cryptocurrency assets like Binance Smart Chain and Ethereum into the network....
Sienna’s Dual Public Sale on DOA Maker and Polkastarter
20.4.2021
Sienna, a security-first decentralized finance protocol that empowers trustless monetary instruments, has officially announced its dual public sale with DOA Maker and Polkastarter! The sale registrations for DOA will open on April 28, 2021, at 12 PM UTC, and on May 5, 2021, for Polkastarter. Being...
Uniswap V3 to Be Launched: Concentrated Liquidity Is One of the Best Features
19.4.2021
Uniswap, a leading DeFi application, is all set to launch Uniswap V3. Uniswap V3 is to be launched with features including concentrated liquidity, capital efficiency, active liquidity, range orders, non-fungible liquidity, flexible fees, and a license to use its open-source code. Concentrated...
Enigmatic Elon Musk Sets Crypto Riddle with Mysterious DeFi-themed Post
25.3.2021
Elon Musk. Another day, another Elon Musk-shaped Twitter-based crypto enigma – the Tesla chief and Twitter trickster-in-chief has sent the crypto community into a twist with to a tweet about decentralized finance (DeFi).
Without explaining whether he was being serious or just trolling...
DeFi - CeFi Convergence & 'Explosive' Growth Are Coming - BIS Summit Panel
24.3.2021
Decentralized finance (DeFi) and centralized finance (CeFi) are heading towards convergence as we are entering a period of rapid development for DeFi applications worldwide, according to the participants of a panel discussion at this year’s BIS Innovation Summit, an event hosted by the Bank...
DeFi Sandwich Traders Get 'Salmonella'
23.3.2021
A trader decided to try out an experiment in exploitation as a cautionary tale to all decentralized finance (DeFi) entrants, gaining more than ETH 100 (USD 168,560) in profits from sandwich trading contracts.
"Sandwich trading is a lot of fun, but it's not risk free," said Nathan...
Another DeFi Hack: PancakeSwap, Cream Finance Websites Compromised
15.3.2021
At least two decentralized finance (DeFi) projects - Pancakeswap (CAKE) and Cream Finance (CREAM) - urged their users to stay away from their websites that were hit with so-called DNS-hijacks.
"Your funds are only at risk if you enter your private key or seed phrase into the hijacked site....
DeFi Sector May Face Threat from New EU Crypto Regulations – Survey
11.3.2021
European crypto and blockchain players are worried that incoming regulatory frameworks could usher in “excessive requirements” that could “pose significant challenges for crypto-based projects,” particularly in the decentralized finance (DeFi) space, with “irreconcilable” obstacles, a survey...
Justin Sun, Sina Estavi & Co Race to Buy NFT of Jack Dorsey's First Tweet
8.3.2021
The race to buy Twitter impresario Jack Dorsey’s first-ever tweet, from way back in 2006 – enshrined in non-fungible token (NFT) form – is gathering speed, with Tron chief Justin Sun making two bids for the token.
Dorsey, a notable bitcoin (BTC) bull, put the tweet up for sale on Friday last...
Trader’s Lesson: Why You Shouldn’t Keep Large Amounts of Crypto in MetaMask
22.2.2021
Source: a screenshot, Instagram/metamask.io
While most of the crypto world was enjoying new all-time highs this past weekend, popular crypto trader under the Twitter pseudonym notsofast went through a personal crypto nightmare as his Metamask hot wallet was compromised in a security breach. Even...
Too Costly Ethereum is Pushing DeFi Users Away, Fuelling BNB Rally
19.2.2021
Source: Instagram, Binance
Binance coin (BNB) is now the third-highest cryptocurrency by market capitalization after its price rose by more than 40% in 24 hours. BNB now stands at USD 270 (13:45 UTC), with the native token of the Binance exchange benefitting from the migration of DeFi users towards...
Tron's Emoji Gets Into Awkward Situation While Justin Sun Goes "All In" On DeFi
19.2.2021
Justin Sun's Tron (TRX) has attracted more unwanted media attention this week after French politician Georges Tron was convicted of rape and sexual abuse of staff, flooding France’s social media with the #tron hashtag and the protocol’s logo.
On French social media, in many instances, the hashtag...
DeFi vs. Bitcoin Debate Starts a New Round
9.2.2021
In the industry where memes can dictate the value of a cryptoaset, wars of narratives are intensifying amid fresh capital entering the nascent crypto space.
While the never-ending Ethereum (ETH) vs. Bitcoin (BTC) debate is nothing new, the BTC camp is now opening a new front against...
Fed-Published DeFi Study By a European Professor Boosts Industry Morale
9.2.2021
Decentralized Finance (DeFi) remains a niche market, but its efficiency, transparency, accessibility, and composability make for interesting characteristics, enabling it to potentially contribute to a more robust and transparent global financial infrastructure, according to a study published by...
Yearn's YFI Drops Following a USD 11M-Heavy Exploit
5.2.2021
Decentralized finance (DeFi) protocol yearn.finance's YFI dropped more than USD 4,000 after one of its DAI lending pools was drained of USD 11m in an exploit.
Yearn's YFI governance token saw an abrupt USD 4,190 drop last night. Though the price has increased somewhat, it's still lower than...
'DeFi Will Eat JPMorgan' But There Are Risks Before That Meal
3.2.2021
Decentralized finance (DeFi) protocols are estimated to grow in a decade or two to tower over legacy financial substitutions, such as major US-based investment bank JPMorgan, but there are specific, inherent risks that still need to be dealt with.
"DeFi will eat JPMorgan," according...
DeFi Trends to Watch Out For in 2021 According to ConsenSys and Kraken
27.1.2021
The world of decentralized finance (DeFi) this year, among other developments, will likely see rising popularity of tranche lending, increased use of Layer 2 protocols as a scaling solution, faster tokenization on Ethereum (ETH), and improved mobility of staked ETH, estimates ConsenSys Codefi,...
Travel Firm Backed for USD 50m in Bid to Develop ‘Killer DeFi App’
18.1.2021
Travel industry player Maps.me has taken the DeFi plunge with a USD 50m fundraising effort it has described as “an investment into the embedded DeFi ecosystem.”
In a press release shared with Cryptonews.com, the firm revealed that its backers in the USD 50m drive include the Berkeley and Hong...
South Korean Software Behemoth Hancom Wades into DeFi Arena
7.1.2021
A group of South Korean companies, including a subsidiary belonging to the software giant Hancom is set to launch a DeFi (decentralized finance) project – marking a first for a collective of major companies for the nation.
Per Aju News, the group will comprise Hancom’s blockchain and industry...
Thief Steals USD 8.2m From Nexus Mutual Founder in a 'Targeted Attack'
14.12.2020
There's been another theft in the Cryptoverse - this time a 'personal' one, as attackers have taken more than USD 8.2m from the account of Hugh Karp, the founder of decentralized finance (DeFi) insurance protocol Nexus Mutual.
Nexus Mutual announced the news in a Twitter post today, stating that...