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Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show
14.2.2023
Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said
Avalanche Blockchain Saw 1,500% Transactional Growth in 2022: Nansen
14.2.2023
Such transactional activity came even as the total value of tokens locked on Avalanche-based decentralized finance applications slid from 2021’s $15 billion peak to just over $900 million in November 2022
DeFi protocol Clearpool launches institutional grade DeFi
14.2.2023
Clearpool has stepped up and introduced Clearpool Prime after carefully considering the pressing need for a flexible and long-lasting digital asset credit framework. This procedure will also be accountable for ensuring general transparency. A user can connect to the largest KYC and...
dForce confirms return of $3.65M exploited funds back to vaults
14.2.2023
dForce, the popular DeFi protocol, recently announced the return of its 3.65 million dollars lost to an exploit. All the exploited funds have been returned to the Arbitrum and Optimism vaults. Peckshield, the on-chain security firm, confirmed that dForce had a security breach on February 13. dForce...
Curve Token Surges Over 10% as Crypto Traders Eye Curve USD Stablecoin
14.2.2023
Tokens related to decentralized stablecoin protocols gained in the past 24 hours following troubles at Paxos’ BUSD offering
DeFi exploits and access control hacks cost crypto investors billions in 2022: Report
13.2.2023
Cyber criminals used a variety of methods to siphon funds through hacks and exploits in 2022, amounting to over $2.8 billion in losses
DeFi vs. Web3: Key differences explained
13.2.2023
DeFi is built on top of existing smart contract platforms like Ethereum, while Web3 is built on the internet itself. Here are other ways they differ
SonicUnwrap Protocol smoothens Crypto transactions with innovative feature
13.2.2023
UPI system in India will soon host an upcoming decentralized transaction for crypto with a core focus on security and seamless movements of tokens among the community. Per the announcement made by Sonic through an official blog post, the venture is working to bring v2 – SonicUnwrap Protocol...
Bernstein Says Regulatory Backlash Will Lead to More DeFi and Offshore Crypto
13.2.2023
Regulatory overreach will spur movement toward decentralized finance apps built directly on-chain by anonymous teams, the report said
Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multi-token wallet
13.2.2023
Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move
SEC's crypto staking crackdown has uncertain consequences for DeFi: Lido Finance
13.2.2023
A Lido DAO member raised concerns over what impact the SEC’s crackdowns on staking could mean for the future of DeFi in the U.S
DeFi Protocol Clearpool Chooses Polygon Network for Its Institutional Lending Platform
13.2.2023
Clearpool also has opened the onboarding and whitelisting process for institutional borrowers and lenders to Prime
SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool
10.2.2023
Kraken has put an end to staking as a service and Coinbse could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL?
Ether Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Deal DeFi's Knockout Blow
10.2.2023
Lido and Rocket Pool didn’t immediately see a massive rush in of capital after Kraken announced it had settled with the SEC
DYdX DeFi Grants Renewal Proposal Spurs Polarized Community Discussion
10.2.2023
Nearly 90% of voters favor the grants proposal, but many in the community pointed out controversial limitations
Maker Protocol announces the launch of Spark Protocol
10.2.2023
Sam MacPherson, the Protocol Engineer at MakerDAO, has announced the launch of its growth-focused arm – Spark Protocol. The first product of Spark Protocol will be Spark Lend. The launch is tentatively scheduled for April 2023, subject to the receipt of approval. Built on Aave V3, Spark Lend...
Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits
9.2.2023
Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK. Aave Invites Programmers...
How to Avoid the Death of DeFi in the Wake of FTX
9.2.2023
FTX’s collapse is an inevitable outcome for an industry yet to find its use case. For crypto to survive, it needs to learn from the very financial sector it set out to replace, says Brent Xu, the CEO of Umee
Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers
9.2.2023
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users...
DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin
9.2.2023
Chainlink Automation will run specific tasks, including price updates and liquidity balancing, to help maintain the stability of Maker’s $5 billion DAI stablecoin