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Sui Network Records $593 Million TVL as Wider Market Taps $72.7 Billion
19.2.2024
As bullish pressure ignites, the Sui network recorded a massive spike in transactions and TVL alongside the broader crypto market. New market data from decentralized finance (DeFi) on-chain analytics firm DeFiLlama shows an uptick in volumes from different metrics in the Layer 1 network. On Feb...
ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator
16.2.2024
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that,...
USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor
16.2.2024
The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins. Speaking at a conference in Nassau, Bahamas on Thursday, Waller said that decentralized finance (DeFi) could actually boost dollar dominance. He stressed...
Chainalysis Report: Crypto Value Sent From Illicit Addresses Dropped by Nearly $10 Billion in 2023
16.2.2024
According to Chainalysis’ report on money laundering trends, the value of crypto transferred by illicit addresses in 2023 fell by nearly $10 billion from $31.5 billion to the latest $22 billion. The report attributes the drop to the overall decline in both legitimate and illicit crypto...
D8X Launches on Polygon zkEVM, Targets Institutional Grade Investors
14.2.2024
D8X, a cryptocurrency decentralized exchange (DEX) for derivatives has launched on Polygon’s zkEVM in a bid to provide an institutional-grade platform for investors in decentralized finance (DeFi). In a recent press release, the company announced its launch on Polygon’s zkEVM, rolling out plans...
UN Sanctions Inspectors Probe Alleged North Korean Cyberattacks Targeting Crypto Firms
11.2.2024
United Nations (UN) sanctions monitors are reportedly investigating specific cases of hacking attacks allegedly carried out by North Korea-affiliated hackers between 2017 and 2023. Besides attacking decentralized finance platforms, the UN monitors alleged that North Korea-affiliated hackers...
Ethereum’s Growth Could Spike With Increased Institutional Investments In First Half of 2024: Coinbase
9.2.2024
With a fresh analysis released on February 8, Coinbase’s research division shed light on the anticipated growth in Ethereum’s trading dynamics during the initial six months of 2024. Coinbase analysts highlighted growth points after the approval of spot Bitcoin (BTC) ETFs...
Secured Finance Unveils Groundbreaking Multi-Chain Strategy to Empower DeFi Markets
9.2.2024
  In an era where decentralized finance (DeFi) is reshaping the financial landscape, Secured Finance emerges as a beacon of innovation with its latest multi-chain strategy. This move is not just a leap forward in on-chain fixed-income markets but a testament to the platform’s commitment...
Aave Stablecoin GHO Hits $1 Peg After Six Months – Here’s More
7.2.2024
Aave’s GHO stablecoin has hit the $1 mark after trading below the peg for over six months since its launch in July 2023. The asset’s price hit $1 on Feb 6 following efforts from the wider community, which included integrations with the Aave decentralized finance (DeFi) lending protocol....
DeFi TVL Reaches $60 Billion, Highest Level Since August 2022
6.2.2024
The decentralized finance (DeFi) sector is experiencing a surge in popularity, with the total value of tokens (TVL) deposited on DeFi-focused blockchains reaching $60 billion. This marks the highest level since August 2022, according to data provider DeFi Llama. The recent increase in TVL can...
Analyst makes a bold prediction ahead of 2024 bull run, Retik Finance (RETIK) at $0.1 will reach $5 before Polygon (MATIC)
4.2.2024
  The crypto market is filled with anticipation of the next bull run, expected to kick off in a few months. As investors seek out promising projects to back, one analyst has made a bold prediction regarding an emerging decentralized finance (DeFi) platform – Retik Finance (RETIK). Retik...
Fintech Provider Portal Raises $34 Million in Seed Funding
1.2.2024
Portal, the provider of a decentralized Bitcoin ecosystem, announced on Jan. 30 that it has raised $34 million via a seed funding round. Portal said the raised capital is set to fund the development of a decentralized exchange platform and a wallet. Layer 2 Atomic Swap Technology Portal, a fintech...
Web3 Lost $38.9 Million to Bad Actors in First Month of 2024: Quantstamp
31.1.2024
Bad actors have stolen $38.9 million from various Web3 projects in the first month of 2024. According to a recent report from Quantstamp, a decentralized finance (DeFi) security startup, bad actors used different attack vectors to steal funds, including smart contract hacks, key compromises,...
Polygon Labs Execs Outline Regulatory Framework to Combat Illicit Activity in Defi
31.1.2024
A paper prepared by two Polygon Labs executives and a former Financial Crimes Enforcement Network (FinCEN) director presents a framework to combat illicit activity in decentralized finance (defi) markets. The document proposes three different classes for defi platforms, including platforms...
Peckshield Report Reveals Decline in Crypto Losses Despite Persistent Threats in 2023
31.1.2024
Peckshield’s latest report reveals a mix of challenges and advancements in the crypto world. Despite a notable decrease in overall losses to hacks and scams, decentralized finance protocols remain heavily targeted, accounting for a significant portion of the cyber thefts. Peckshield Report...
Abracadabra Money in Crisis as $6.5 Million Crypto Theft Sends Shockwaves Across DeFi Community
30.1.2024
Source: iStock / Xijian Popular Ethereum-based decentralized finance (DeFi) lending protocol Abracadabra Money fell victim to a platform attack on January 30. Announcing the incident on its official X (formerly Twitter) handle, the DeFi protocol stated that it is aware of an exploit on its platform...
Cloned Assets: An Ideal Tool for Bringing Liquidity to Non-Native Tokens on Solana, Says Evan Deutsch
28.1.2024
According to Evan Deutsch, a core contributor and co-inventor of Clone, cloned assets, perpetual contracts, and bridged tokens are two tools that can bring liquid spot markets to non-native assets on Solana. Deutsch, who is better known as Mark to many in the crypto space, cautions that the latter...
BitcoinOS Unveils ‘Superlayer’ Protocol, Introducing Rollups to Enhance Bitcoin
26.1.2024
Source: Adobe / top images A new platform named BitcoinOS aimed at bringing Bitcoin into the decentralized finance (DeFi) landscape has been introduced by a team of blockchain developers at Sovryn. The platform, which the developers describe as an “operating system” for Bitcoin, utilizes...
Komodo CTO Exclusive: Large TradFi Players Will Be Entering Crypto This Year, DeFi Poised to Grow Once Again
26.1.2024
Kadan Stadelmann, CTO of open-source technology provider Komodo Platform, talked to Cryptonews about the current crypto investment sentiment, incoming “major” institutional investments, and the renewed rise of decentralized finance (DeFi). The expert further shared interesting insights...
Solana Competitor Priced at Just $0.008 Debuts DeFi Wallet During Presale Period
25.1.2024
As the decentralized finance (DeFi) space continues to evolve, a new contender has emerged to challenge established platforms like Solana (SOL). Pandoshi (PAMBO), priced at just $0.008 per token, has made a striking debut with the launch of its Pandoshi Wallet amidst its ongoing presale phase. This...