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Bitcoin’s ‘DeFi Summer’ surge mimics Ethereum’s 2020 boom

23.4.2024
In a seismic development within the cryptocurrency sphere, Bitcoin is currently basking in what analysts describe as a “DeFi summer” moment, akin to the surge witnessed by Ethereum in 2020. Analysts at Bernstein have highlighted this phenomenon, attributing it to the launch of a...

Orbs VP Ran Hammer Says Future of Defi ‘Hinges on Liquidity Aggregation’

22.4.2024
Although decentralized finance (defi) platforms have traditionally focused more on maintaining liquidity and volumes in their respective pools, Ran Hammer, the vice president of business development at Orbs, believes that “the future of defi hinges on liquidity aggregation.” According...

Hedgey Finance Suffers Dual Exploits, Losing $44.7 Million in Funds

19.4.2024
Hedgey Finance exploits have rocked the DeFi platform, resulting in a $44.7 million loss. Hackers targeted the Token Claim Contract across Ethereum and Arbitrum networks, utilizing flash loans to drain funds. Explore the aftermath, ongoing investigations, and the platform's response to these...

Mango Markets Hacker Found Guilty, Faces 20 Years in Prison: Reuters

19.4.2024
Avraham Eisenberg, the notorious Mango Markets hacker, has been found guilty of commodities fraud, manipulation, and wire fraud in a Manhattan federal court. Eisenberg orchestrated a complex scheme to exploit the Solana-based DeFi platform, resulting in the theft of approximately $110 million.  The...

PolkaPool launches: Welcome to the auto-swap era!

19.4.2024
Polkadex has developed a simpler way to order a new Orderbook by adding PolkaPool and Auto-Swap functionality. This is a great advancement for their trading platform, as it creates a smoother process for new traders who are all interested in decentralized exchange trading. They are now subject...

Eisenberg found guilty of Mango Markets exploit

19.4.2024
Avraham Eisenberg exploited Solana-based Mango Markets in October 2022. He was charged with the allegations two months after that, that is, in December 2022. Now, almost 18 months after being charged by the US District Court or the Southern District of New York, Eisenberg has been convicted...

CoreDAO introduces native staking to Bitcoin

19.4.2024
CoreDAO is bringing native staking to Bitcoin via Core Chain. There are two objectives behind this: one is to tap into the trapped Bitcoin liquidity, which is estimated to be around a trillion dollars, and the second is to put ideal BTC tokens to work. The latter rather serves the majority of...

Polygon introduces the integration of Cosmos to AggLayer via Union

19.4.2024
Polygon has said that Union is bringing Cosmos to AggLayer to facilitate cross-chain transactions and inter-network communication better. It will fundamentally leverage zero-knowledge proofs to allow sovereign chains to share liquidity and state safely. Union will ensure a seamless transfer...

How is Tether used as a stablecoin in Defi applications?

19.4.2024
DeFi, which stands for Decentralized Finance, has the potential to change the way financial services are being offered by eliminating the roles of intermediaries such as banks and brokers. Blockchain technology is a decentralized, transparent platform where individuals can enter the system...

SingularityNET and Minswap Labs team up to revolutionize Cardano DeFi

18.4.2024
SingularityNET and Minswap Labs entered into an exclusive agreement in order to fulfill their joint commitment to introducing superior products and services to the Web3 space. In accordance with their formal agreement, both entities will investigate and advance various integrations that center...

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