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Polkadot Concludes Five Parachain Auctions
22.12.2021
Polkadot recently concluded its first parachain auctions round, and the winners have started producing blocks. The development has initiated Polkadot’s sharded ecosystem, offering specialized computation and smart contracts functionality. In addition, the development will help developers to start...
Fei-Rari Union Approved, Marking One the Largest DAO Mergers in DeFi History
22.12.2021
A vote to merge Rari Capital, an open interest rate protocol that allows the creation of permissionless lending pools, and Fei Protocol, issuer on the native algorithmic stablecoin FEI, was approved on Tuesday at Ethereum (ETH) block height 13850929.
Looking at the total value locked (TVL)...
Santa Hackathon? Visor Finance Marks 7th Hack in December
22.12.2021
Liquidity management decentralized finance (DeFi) protocol Visor Finance is the latest victim of a DeFi hack, with the protocol estimated to have lost USD 8.2m worth of digital assets - and becoming the 7th crypto establishment to get exploited in the last month of the year....
Read More: Santa...
Terra Protocol Surpasses Binance Smart Chain in Terms of Value Locked in Defi
22.12.2021
The total value locked (TVL) in decentralized finance (defi) has rebounded in fiat value after suffering some losses last week. Statistics indicate that the $248 billion TVL in defi has increased 3.46% during the last 24 hours and the blockchain Terra has overtaken the Binance Smart Chain in terms...
Interlay raises $6.5mm to accelerate Bitcoin DeFi interoperability
21.12.2021
Interlay is developing infrastructure for decentralized financial apps on multiple blockchains, including Ethereum, Cosmos, and Polkadot
Deutsche Telekom Arm to Validate Polkadot, IOTA Staking + More News
21.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Deutsche Telekom Arm to Validate Polkadot, IOTA Staking + More News
Yearn.Finance Token Jumps as Team Promises ‘Aggressive Buybacks’
21.12.2021
YFI, the governance token issued by the decentralized finance (DeFi) protocol Yearn.Finance, has seen its price almost double in a week following the announcement of a completed token buyback worth some USD 7.5m.
The buyback, which Yearn.Finance said made up 0.77% of the total supply of...
Solana Gaming Project DeFi Land to Announce Public Testing on Dec 22
21.12.2021
DeFi Land, one of the leading agriculture-simulation games, reached first place at Solana’s Hackathon in the summer and is encouraging GameFi fans to test the platform. DeFi Land will be available for public testing on the 22nd of December at 4 p.m. UTC, following a six-week period...
Fantom DeFi Project Loses $30M to a Security Breach
21.12.2021
Fantom-based Grim Finance recently faced a security breach, losing 30 million dollars to a hacker. The unidentified hacker exploited a reentrancy bug in Grim Finance’s smart contracts. As soon as the news of the attack came out, the network’s TVL dipped to 4.2 million dollars from 98.9...
6th Hack This Month Confirmed: Bent Finance Asks Investors to Withdraw all Funds
21.12.2021
High yield staking platform Bent Finance has confirmed that it has been attacked, advising investors to withdraw funds - becoming the sixth hacked decentralized finance (DeFi) platform we reported on this month alone.
So far, reported-on December hacks include Badger DAO, Bitmart, AscendEX...
Element․Black Forms Strategic Partnership With DJ Snake
21.12.2021
PRESS RELEASE. Social-fi has been the trend of the blockchain industry as of late. The concept, closely linked to the idea of co-creating, combines the terms “social” and “DeFi” to promote a diversified interactive platform for the public. Element.Black, a recent...
Bitcoin.com to Give Away $25,000 In “December to Remember”
20.12.2021
In light of the holiday season, and to celebrate a fantastic year for economic freedom enhancing technologies like Bitcoin, Bitcoin Cash, Ethereum, NFTs, DeFi, Play-to-earn games, and more, Bitcoin.com is giving away more than $25,000 in cash prizes between now and the end of the year. $20,000...
DeFi Is a Ticking Bomb, Thanks to Innovative Collateralization
20.12.2021
2021 is coming to an end, and DeFi’s top lineup is mostly made up of synthetic asset platforms (SAPs). Any platform allowing users to synthetics or derivative values which are tied to existent assets through complete real-time is known as an SAP. Synthetics usually represent different types...
Radioshack Goes Defi in Its Latest Iteration
20.12.2021
Radioshack, the electronics-associated brand, has announced it will now pivot to a cryptocurrency-centric model. The company informed that its focus will be to “bridge the gap” to bring cryptocurrency into mainstream use. This is the latest iteration in the story of the brand, which...
DeFi protocol Grim Finance lost $30M in 5x reentrancy hack
20.12.2021
An apparent security flaw in the Grim Finance protocol allowed the attacker to fake five additional deposits
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...
Investors Not Impressed by Polkadot's Parachains Launch
20.12.2021
Blockchain protocol Polkadot (DOT) failed to impress investors over the weekend as it launched its first set of parachains, or individual blockchains running in parallel within the Polkadot ecosystem.
While Polkadot's utility token DOT was relatively flat on December 18, the day of the launch...
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...
Collateral damage: DeFi’s ticking time bomb
19.12.2021
As 2022 dawns and crypto enters a new year, an innovative collateralization model will take decentralized finance space by storm