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Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
29.6.2024
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across...
Hong Kong eyes DeFi, DAO spent $37M to help free Julian Assange: Finance Redefined
28.6.2024
The Hong Kong government aims to expand its fintech dominance in DeFi and the metaverse despite challenges in the current landscape
VanEck files for first-ever US Solana ETF, targeting DeFi growth
28.6.2024
VanEck has registered its initial exchange-traded fund (ETF), the VanEck Solana Trust, which will help investors understand Solana (SOL), a blockchain with enormous output and cost-effective transactions. This is following the Securities and Exchange Commission (SEC) ‘s leaning towards spot...
Curve Finance adopts crvUSD for fee distribution
28.6.2024
Curve Finance shifts from 3crv to crvUSD for fee distribution, enhancing the stablecoin’s utility and ecosystem integration
Acala Network intends to adopt JitoSOL within its platform
28.6.2024
Acala Network has incorporated JitoSOL within its platform and decentralized applications to offer better liquidity and yield options targeting Acala users. A liquidity layer like Acala Network is a foundation segment within the Blockchain ecosystem, bringing about effective capital flow...
Chainlink Data Streams Activate on Avalanche Blockchain With GMX Integration
27.6.2024
Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain...
Chainlink data streams go live on Avalanche Network
27.6.2024
GMX, a perpetual futures trading platform, will be a launch partner and leverage Chainlink’s tech to fuel the decentralized futures exchange
Folks Finance announces the launch of Algorand Liquid Staking
27.6.2024
Folks Finance has, through a blog post, announced its plans to launch the Algorand Liquid Staking Protocol xALGO. It will be the primary Liquid Staking protocol for ALGO, with a core focus on providing flexible and simple access to rewards distributed to node runners who participate in Algorand...
Polymarket rules out Barron Trump’s role in Donald Trump-themed token
27.6.2024
Polymarket raised doubts about the outcome of the UMA voting, and they will announce an effective solution soon. According to UMA, a decentralized truth machine used by Polymarket, Barron Trump is not involved in the Solana-focused DJT token. The team at Polymarket, the cryptocurrency-based betting...
DeltaPrime Unveils $PRIME Token: Pioneering a New Standard in DeFi Governance and Utility
27.6.2024
PRESS RELEASE. June 27, 2024 — DeltaPrime, a decentralized borrowing and investing platform, is thrilled to announce their Token Generation Event (TGE) on Uniswap and Trader Joe. The TGE marks another innovation in crypto with the launch of the $PRIME and $sPRIME tokens on July 1st, 2024....
Blast Token Debuts at $3B Value as 17% of Supply Airdropped to Early Adopters
26.6.2024
Blast is the second largest layer 2 network with $1.6 billion in TVL
Farmsent integrates Chainlink for enhanced trade finance
26.6.2024
Farmsent, a trade finance platform located in the UAE, has recently announced its affiliation with Chainlink’s tokenized asset system. This partnership seeks to enhance Farmsent’s solutions concerning traceability, cross-border payments, and decentralized financing. The integration of Chainlink...
PancakeSwap launches AI-powered Prediction Market on Arbitrum
26.6.2024
Arbitrum users can now predict Ether price movements with PancakeSwap’s AI-powered market, leveraging Allora’s machine-learning data for accuracy
Hong Kong targets DeFi, metaverse for fintech expansion
26.6.2024
Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors
North Korea’s Lazarus Group Exploited Defi Protocol Alex Lab for $4.3 Million, Probe Reveals
26.6.2024
Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between the Singapore Police Force and relevant cryptocurrency exchanges as part of the ongoing...
Wormhole instrumental in ICYMI $WBTC going live on Solana
25.6.2024
The activation of ICYMI $WBTC on Solana was facilitated by the wormhole, which enables its use throughout the DeFi ecosystem of Solana. Kamino Finance, Orca, and Drift Protocol are all involved in this. Wrapped Bitcoin ($WBTC), which is the initial wrapped bitcoin, is a kind of service allowing...
MakerDAO and Sherlock team up for historic $1.35M security audit contest
25.6.2024
MakerDAO partners with Sherlock for a record-breaking $1.35 million audit contest, launching on July 8 and ending on Aug. 5, to ensure top-tier security for its Endgame phase
Alex Lab points to Lazarus Group after last month's $4M exploit
25.6.2024
After being exploited for $4.3 million in May, Alex Lab reveals they have since found “substantial transaction evidence” pointing the attack to North Korea’s Lazarus Group
How DePIN is poised to disrupt the cloud computing industry: Report
24.6.2024
Cointelegraph Research uncovers how DePIN networks and SwanChain’s ecosystem are changing the cloud computing industry
Why is Bitcoin DeFi blooming? Developers share their insights
24.6.2024
Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate