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Battle for DeFi – Synthetix vs Tradecurve, who wins?
11.7.2023
Synthetix is an established set of platforms that allows people to trade synthetic versions of real-world assets on the blockchain. Tradecurve is an up-and-coming hybrid decentralized exchange allowing people to trade derivative assets on-chain. Let’s see how they measure up. More about...
Stader’s ETHx positioned live on mainnet
11.7.2023
With the utilization of Stader’s ETHx, it will be possible to maintain the decentralization of Ethereum through the creation of a liquid staking solution. It will be connectable, as well as dependable and rewarding. According to the team members of Stader, this will be achievable with the backing...
Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum
11.7.2023
GHO has been in the works for over a year and was issued on a testnet earlier this year
DeFi Protocol Holding 55% of Algorand Value to Shut Down
11.7.2023
Algofi, the largest decentralized finance protocol on layer-1 blockchain Algorand, said it will shut down and plans to halt lending, borrowing and trading imminently
DeFi borrower uses luxury watch-backed NFT as collateral for a loan
11.7.2023
While some praised the move, others believe that it’s centralized and is adding NFTs where it’s not necessary
DeFi Platform Arcadia Finance Falls Victim to $455K Hack on Ethereum and Optimism
11.7.2023
Arcadia Finance has joined the growing list of DeFi protocols to lose funds in hack exploitation. The hackers leveraged a code vulnerability to siphon about $455,000 from the protocol’s Ethereum and Optimism vaults.
Blockchain sleuth PeckShield alerted about Arcadia’s exploitation in a July...
What Mastodon’s Critical Bug Fixes Say About Crypto’s Security Vulnerabilities
10.7.2023
Today in Crypto: BIS Presents Seven-Point Plan to Prevent CBDC Cyber Attacks, Multiple Scam Warnings Are Issued, Preliminary Hearing for Terraform Co-Founder Daniel Shin Held on Monday
10.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: BIS Presents Seven-Point Plan to Prevent CBDC Cyber Attacks, Multiple Scam Warnings Are Issued...
Lido Protocol's LDO Token Included as Second-Largest Holding in Grayscale's DeFi Fund
10.7.2023
The digital asset management firm Grayscale added Lido liquid staking protocol’s governance token to its DeFi fund.
The firm announced that it has adjusted the DeFi fund’s portfolio by selling certain amounts of the existing Fund Components in proportion to their respective weightings, and using...
DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455k
10.7.2023
A loophole in the code allowed the hacker to drain funds worth roughly $455,000 from Arcadia's Ethereum (darcWETH) and Optimism (darcUSDC) vaults collectively
Grayscale Adds Lido’s LDO Token to Defi Fund, Token Becomes Second-Heaviest in Fund’s Basket
9.7.2023
On July 7, 2023, the digital asset manager Grayscale Investments published an update on three of its funds — the Digital Large Cap Fund, the Defi Fund, and the Smart Contract Fund. Although no new tokens were added to two of the funds, Grayscale revealed that it added Lido DAO’s...
WOO Network revival as TVL rises, DigiToads shapes DeFi with unique staking model
8.7.2023
WOO Network’s revival is apparent in terms of the rise in its total value locked (TVL), which has also increased its token price. Furthermore, its high TVL is a vote of confidence in the platform, which continues to exert its dominance within the crypto landscape. Amidst this, DigiToads...
DeFi ‘circuit breaker’ could slash hack losses by 70%: Finance Redefined
7.7.2023
The top 100 DeFi tokens had a mixed week. Most tokens traded in the same range as the previous week, with a minor bearish correction
Today in Crypto: Saga Pulls Back From Blockchain Gaming, Bitfinex Recovers More Stolen Assets, BarnBridge DAO Members Told to Stop 'All Work' Amidst Investigation, Lightning Labs Releases Tools for Bitcoin Lightning & AI Devs
7.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Saga Pulls Back From Blockchain Gaming, Bitfinex Recovers More Stolen Assets, BarnBridge DAO Members Told...
Multichain Woes: Users Informed of an ‘Abnormal’ Transfer of Assets to Unknown Address
7.7.2023
Users of the cross-chain protocol Multichain were on July 6 informed of an abnormal transfer of lockup assets on the Multichain MPC address to an unknown address. While the Multichain team has urged users to stop using the cross-chain protocol, Binance CEO Changpeng Zhao (CZ) told his followers...
Solana staking is currently accessible on Gemini
7.7.2023
It is presently possible to carry out Solana staking via Gemini staking, which will open the doors for being able to obtain SOL rewards in one’s Gemini account. Gemini staking is also into backing staking activities related to Ethereum (ETH), along with Polygon (MATIC) and Solana (SOL). However,...
European trade body warns against the exclusion of DeFi from MiCA
7.7.2023
The trade body recommended creating a taxonomy for the DeFi ecosystem and a consistent regulatory framework along with different levels of centralization
BarnBridge instructed to close liquidity pools
7.7.2023
BarnBridge DAO has been instructed to put a closure on its present liquidity pools due to the fact that there is an ongoing investigation being carried out by the Securities and Exchange Commission of the U.S. BarnBBridge DAO, which is into operating a small DeFi protocol, has been instructed...
BOND Token Slumps 10% as BarnBridge Faces SEC Investigation
7.7.2023
“All work on BarnBridge-related products should stop,” an appointed legal counsel said in a Discord message viewed by CoinDesk
Multichain Team Confirms Exploit Across Fantom, Moonriver and Dogechain Bridges
7.7.2023
“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday