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DEX Volumes Receive Automated Market Makers Boost


The rapid development of automated market makers (AMMs) is one of the main forces driving the expansion of decentralized exchanges (DEXs), which surpassed 5% of total crypto exchange volume last month, per a new report. Over 90% of DEX volume is currently generated by AMMs, according to research...

Bitcoin News Roundup for Sept. 14, 2020


As some bitcoin options traders bet on new all-time highs and another DeFi protocol is attacked, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

DeFi Lender bZx Reclaims $8M Stolen in Sunday’s Attack


Decentralized finance (DeFi) lending project bZx has been able to recover about $8 million in cryptocurrency from an attacker who stole the funds after exploiting a code bug over the weekend. See also: Hacker Drains $500K From DeFi Liquidity Provider Balancer

Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year


So called decentralized finance (defi) lending platform Bzx on Sunday lost $8.1 million in a new hacking attack, the third this year, caused by a flawed code in its smart contracts. The bug allowed the hacker to mint 219,200 LINK tokens (valued at $2.6 million); 4,503 ETH ($1.65 million); 1,756,351...

DeFi Defied: Five Key Benefits The COV Token Will Bring To Covesting


In the ever-evolving crypto market that never sleeps, new trends and coins are popping up every passing day. The recent decentralized finance explosion has only hastened the pace at which fly-by-night coins are being created. At the same time, however, the booming bandwagon has also shed light...

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