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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.... Read More: Hacked Grim Finance's...

Uniswap Community Votes to Deploy v3 on Polygon, Contract Support Coming in a Few Days

20.12.2021
One of the largest decentralized exchange (dex) platforms in terms of trade volume, Uniswap, has announced that the dex community has approved a governance proposal to support the Polygon blockchain. Uniswap to Support Polygon PoS Blockchain In terms of trade volume, statistics show that Uniswap...

BIS Exec Says Defi Is a ‘Wake-up Call’ for Regulators, Global Crypto Policy Expected in 2022

20.12.2021
A Bank of International Settlements (BIS) executive, Benoît Cœuré, says that crypto is “growing very fast” and ”becoming mainstream in different ways.” Emphasizing that decentralized finance (defi) is a “wake-up call” for financial...

Sunday Comics: Nice Sword!

19.12.2021
Hello! It’s time for Kotaku’s Sunday Comics, your weekly roundup of the best webcomics. The images enlarge if you click on the magnifying glass icon.Read more

Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols

18.12.2021
The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon...

Cornell Professor of Economics: Defi Promise Is Real but Bitcoin May Not Last Much Longer

18.12.2021
A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either...

South Africa’s Digital Bank Tyme Completes Series B Round With Additional $70M Capital Raise

18.12.2021
Tymebank, a South Africa-based digital bank, recently completed its Series B funding round with $70 million invested in the firm by Tencent and U.K. development financier, CDC Group. Funds to Support Tyme’s Expansion Into New Markets Tymebank, a digital bank from South Africa, recently...

YFI, HXRO and AR post gains even as Bitcoin price dips to $45.5K

17.12.2021
Yearn.finance, Hxro and Arweave managed to post positive gains even as BTC and ETH price saw sharp pullbacks

Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17

17.12.2021
A new study finds that more than 80% of millionaire youths hold digital assets, Senator Warren attacks stablecoins, and billions are locked in the Eth2 contract

Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign

17.12.2021
The total value locked (TVL) in decentralized finance has slid 15.63% since the metric’s all-time high of $275 billion sixteen days ago on December 1. Since the end of the first week of December, the TVL is down 7.19% lower with a number of protocols seeing seven-day losses in terms of TVL....

YFI price gains 46% in just four days after Yearn Finance's $7.5M buyback

17.12.2021
Its "decentralized" Treasury has more than $45 million and would pursue similar YFI buybacks in the future

Lending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million

17.12.2021
Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it “the first product of its kind to hit the market.” The company has also raised $70 million, which brings its valuation to $540 million....

CD Projekt Settles Cyberpunk 2077 Lawsuit, Will Pay $1.85 Million

17.12.2021
This time last year a group of investors filed a class-action lawsuit against CD Projekt Red over Cyberpunk 2077's disastrous launch, saying the game was “virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs”.Read more

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...

Trava Knight NFT Open to All, Trava to Expand NFT Rental Marketplace Utilities for Lending Pool

16.12.2021
Something exciting & sensational is coming for NFT collectors and enthusiasts alike to look forward to. Trava.Finance is launching #KnightNFT for enabling NFT-collateralization. By opening the NFT marketplace for everyone and facilitating collateralization, we can see more activity in...

US Senator Says Defi Is the Most Dangerous Part of Crypto – Urges Regulators to Clamp Down Before It’s Too Late

16.12.2021
U.S. Senator Elizabeth Warren has called on regulators to clamp down on decentralized finance (defi) and stablecoins “before it’s too late.” She said: “Defi is the most dangerous part of the crypto world … it’s where the scammers, the cheats, and...

CoinMarketCap Glitch 'Sent' BTC, ETH to Billions; Affected Coinbase, Crypto.com

15.12.2021
Major crypto data aggregator CoinMarketCap (CMC) displayed eye-popping prices for almost all digital assets on Tuesday due to a glitch, making crypto owners feel like “trillionaire[s] for a couple of hours." "The Engineering team is aware of incorrect price information appearing...