Search
Another DeFi Hack: PancakeSwap, Cream Finance Websites Compromised
15.3.2021
At least two decentralized finance (DeFi) projects - Pancakeswap (CAKE) and Cream Finance (CREAM) - urged their users to stay away from their websites that were hit with so-called DNS-hijacks.
"Your funds are only at risk if you enter your private key or seed phrase into the hijacked site....
DeFi Sector May Face Threat from New EU Crypto Regulations – Survey
11.3.2021
European crypto and blockchain players are worried that incoming regulatory frameworks could usher in “excessive requirements” that could “pose significant challenges for crypto-based projects,” particularly in the decentralized finance (DeFi) space, with “irreconcilable” obstacles, a survey...
Justin Sun, Sina Estavi & Co Race to Buy NFT of Jack Dorsey's First Tweet
8.3.2021
The race to buy Twitter impresario Jack Dorsey’s first-ever tweet, from way back in 2006 – enshrined in non-fungible token (NFT) form – is gathering speed, with Tron chief Justin Sun making two bids for the token.
Dorsey, a notable bitcoin (BTC) bull, put the tweet up for sale on Friday last...
Trader’s Lesson: Why You Shouldn’t Keep Large Amounts of Crypto in MetaMask
22.2.2021
Source: a screenshot, Instagram/metamask.io
While most of the crypto world was enjoying new all-time highs this past weekend, popular crypto trader under the Twitter pseudonym notsofast went through a personal crypto nightmare as his Metamask hot wallet was compromised in a security breach. Even...
Too Costly Ethereum is Pushing DeFi Users Away, Fuelling BNB Rally
19.2.2021
Source: Instagram, Binance
Binance coin (BNB) is now the third-highest cryptocurrency by market capitalization after its price rose by more than 40% in 24 hours. BNB now stands at USD 270 (13:45 UTC), with the native token of the Binance exchange benefitting from the migration of DeFi users towards...
Tron's Emoji Gets Into Awkward Situation While Justin Sun Goes "All In" On DeFi
19.2.2021
Justin Sun's Tron (TRX) has attracted more unwanted media attention this week after French politician Georges Tron was convicted of rape and sexual abuse of staff, flooding France’s social media with the #tron hashtag and the protocol’s logo.
On French social media, in many instances, the hashtag...
DeFi vs. Bitcoin Debate Starts a New Round
9.2.2021
In the industry where memes can dictate the value of a cryptoaset, wars of narratives are intensifying amid fresh capital entering the nascent crypto space.
While the never-ending Ethereum (ETH) vs. Bitcoin (BTC) debate is nothing new, the BTC camp is now opening a new front against...
Fed-Published DeFi Study By a European Professor Boosts Industry Morale
9.2.2021
Decentralized Finance (DeFi) remains a niche market, but its efficiency, transparency, accessibility, and composability make for interesting characteristics, enabling it to potentially contribute to a more robust and transparent global financial infrastructure, according to a study published by...
Yearn's YFI Drops Following a USD 11M-Heavy Exploit
5.2.2021
Decentralized finance (DeFi) protocol yearn.finance's YFI dropped more than USD 4,000 after one of its DAI lending pools was drained of USD 11m in an exploit.
Yearn's YFI governance token saw an abrupt USD 4,190 drop last night. Though the price has increased somewhat, it's still lower than...
'DeFi Will Eat JPMorgan' But There Are Risks Before That Meal
3.2.2021
Decentralized finance (DeFi) protocols are estimated to grow in a decade or two to tower over legacy financial substitutions, such as major US-based investment bank JPMorgan, but there are specific, inherent risks that still need to be dealt with.
"DeFi will eat JPMorgan," according...
DeFi Trends to Watch Out For in 2021 According to ConsenSys and Kraken
27.1.2021
The world of decentralized finance (DeFi) this year, among other developments, will likely see rising popularity of tranche lending, increased use of Layer 2 protocols as a scaling solution, faster tokenization on Ethereum (ETH), and improved mobility of staked ETH, estimates ConsenSys Codefi,...
Travel Firm Backed for USD 50m in Bid to Develop ‘Killer DeFi App’
18.1.2021
Travel industry player Maps.me has taken the DeFi plunge with a USD 50m fundraising effort it has described as “an investment into the embedded DeFi ecosystem.”
In a press release shared with Cryptonews.com, the firm revealed that its backers in the USD 50m drive include the Berkeley and Hong...
South Korean Software Behemoth Hancom Wades into DeFi Arena
7.1.2021
A group of South Korean companies, including a subsidiary belonging to the software giant Hancom is set to launch a DeFi (decentralized finance) project – marking a first for a collective of major companies for the nation.
Per Aju News, the group will comprise Hancom’s blockchain and industry...
Thief Steals USD 8.2m From Nexus Mutual Founder in a 'Targeted Attack'
14.12.2020
There's been another theft in the Cryptoverse - this time a 'personal' one, as attackers have taken more than USD 8.2m from the account of Hugh Karp, the founder of decentralized finance (DeFi) insurance protocol Nexus Mutual.
Nexus Mutual announced the news in a Twitter post today, stating that...
New Regulatory Lemons Await Somewhere Between DeFi & CeFi
11.12.2020
While local and global regulators are yet to target the nascent DeFi (decentralized finance) world, some industry players warn that the interaction between DeFi and CeFi (centralized finance) sectors will bring even more unanswered questions.
There is a constant interaction between the DeFi...
YFI and SUSHI Rally as DeFi Superpowers Headed for Merger
1.12.2020
Source: Adobe/Nik_Merkulov
The DeFi protocol yearn.finance (YFI) is set to merge with SushiSwap (SUSHI), another leading DeFi protocol, with their respective tokens surging.
SUSHI is up 27% in the past 24 hours, trading at USD 1.87 (09:11 UTC), YFI jumped by almost 8%, to USD 27,380.
Per a blog...
4th Major DeFi Hack In A Month: Origin Dollar Loses USD 7m
17.11.2020
"A superior stablecoin for the Ethereum network," Origin Dollar (OUSD), has been hacked, becoming at least the fourth decentralized finance (DeFi) project, attacked less than in a month.
"There has been a loss of funds of around USD 7m, including over USD 1m of funds deposited...
DeFi Akropolis Drops 20% Following a USD 2M-Heavy Hack
13.11.2020
Decentralized finance (DeFi) platform Akropolis is seeing its native coin AKRO drop nearly 20% in a day so far, following a hack that made the attacker some USD 2m richer.
AKRO, ranked 268th by market capitalization on Coinpaprika, is trading at USD 0.0097 this morning (at 7:27 UTC). It dropped...
Binance Convinces DeFi Scammer To Return Funds + More News
4.11.2020
Source: a screenshot, Instagram/binance
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Binance announced that its Security team helped recover 99.9% of an estimated USD 345,000...
Tron's JustLink Said to be a Chainlink 'Copy-Paste'; Tron Mainnet Attacked
2.11.2020
Following the launch of JustLink as an "oracle answer for Chainlink on Tron," some are thinking it's more than just an answer - accusing the team behind the network and the project's founder Justin Sun of another blatant copy-paste. Meanwhile, the network's mainnet suffered an attempted...