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Ethereum Liquid Staking Sees 270,000 ETH Influx in 2 Weeks
30.7.2023
Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum (ETH) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million ether locked within their systems. Ethereum Liquid...
Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year
29.7.2023
Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC evaporating from circulation since last July....
Double Standards in Finance: SBF’s Legal Troubles Spark Concerns
29.7.2023
Cryptocurrencies and DeFi have shaken up the world of finance, but the spotlight on Sam Bankman-Fried (SBF), the mysterious FTX founder, has raised serious concerns about how the U.S. government handles financial regulation and fairness. SBF faces some serious accusations like misusing customer...
Another week of DeFi hacks, but ZK-proof development heats up: Finance Redefined
28.7.2023
The total value locked in DeFi protocols remained below $50 billion after another week of exploits
Lendvest collaborates with Chainlink BUILD program
28.7.2023
Lendvest is on the verge of collaborating with the Chainlink BUILD program. This is for enabling it to work on the overall growth of the ecosystem and mass acceptance of Web3. This will be achievable by connecting with Chainlink’s high-level Oracle services, along with the required technical...
Lynex Integrates with Gamma for Powerful DeFi Solutions
28.7.2023
In an exciting declaration, Lynex, a renowned participant in the decentralized finance (DeFi) ecosystem, has teamed up with Gamma Strategies, a notable specialist in Concentrated Liquidity (CL) management. This collaboration will introduce active CL management and market-making tactics to Lynex...
Jupiter v3: Unleashing Metis and DCA Power!
28.7.2023
Today, Jupiter has unveiled Jupiter v3, which houses its new Metis routing algorithm, an advancement that boosts the performance of its market aggregator. This technology reduces trading costs and allows for greater scalability when introduced to Solana upgrades or novel DEXs. Neptune has also...
PancakeSwap Expands to zkSync Era Network
27.7.2023
The DEX, initially launched on BNB Chain, is now available on five blockchains
Bank of Italy's Innovation Hub to Work with Polygon and Fireblocks on DeFi Project
27.7.2023
The Bank of Italy announced a partnership with the Ethereum scaling team Polygon and crypto infrastructure provider Fireblocks to initiate a pilot program aimed at establishing a regulated platform for "institutional DeFi."
This collaboration sets a landmark as it involves a G7 Central Bank...
Conic suffers two devastating attacks resulting in a loss of $4.2M in funds
27.7.2023
Conic Finance, a promising Layer 1 blockchain known for its “Play to Own” principle, has been hit by two severe attacks that have shaken the decentralized finance (DeFi) community. As a result of the first exploit, $3.3 million was drained from the ETH pool, and the second attack forced...
Mintlayer founder says DeFi needs real-world assets; Here’s how InQubeta fixes this problem
26.7.2023
In the burgeoning world of Decentralized Finance (DeFi), there are still hurdles to clear on the path to global adoption. According to Enrico Rubboli, the CEO of Mintlayer, a layer 2 solution built on the Bitcoin blockchain, one such roadblock is the lack of integration with real-world assets....
Italy’s Central Bank Taps Polygon, Fireblocks DeFi Project to Help Institutions Dabble With Tokenized Assets
26.7.2023
The initiative aims to help Italian banks, asset managers and financial institutions, including the $1 trillion banking group Intesa Sanpaolo, experiment with decentralized finance and security tokens
DeFi Daily Volume Dwindles to 7-Month Lows as Sector Endures Downswing
26.7.2023
The decentralized finance (DeFi) sector has endured a turbulent month, as transaction volume plummeting alongside a series of hacks and exploits
DeFi Platform EraLend on zkSync Loses $3.4 Million in Blockchain Exploit
26.7.2023
Decentralized finance (DeFi) protocol EraLend has lost $3.4 million worth of crypto in a so-called re-entrancy attack.
The attack, which happened on Tuesday, exploited a vulnerability that allowed the hacker to make multiple calls to a function within one single transaction, enabling the person...
DeFi Project Atlendis Secures $1 Million Loan from French National Bank BPI and Demonstrates Compliance with PSAN License
26.7.2023
French DeFi project Atlendis hit two major milestones as it secured a €1 million loan ($1,108,055.00) from the French public investment bank along with obtaining a crypto services provider license.
Atlantis obtained PSAN, committing to complying with France’s crypto regulations and aligning with...
LI.FI announces integration with Vybe
26.7.2023
LI.FI has announced integration with Vybe, a mobile application that enables its users to move digital tokens from one account to another. The integration will now play a crucial role in making the process seamless, courtesy of LI.FI’s SDK. Transactions are expected to happen almost instantly with...
Google Cloud makes DeFi near-perfect for its partners
26.7.2023
Almost every crypto firm is venturing out to the field of DeFi, short for decentralized finance. The goal is to boost financial inclusion, security, and financial reliability for the residents of a country. Google is making advancements, too, despite being directly landing on the field....
A $3.4 million attack hit ZkSync’s largest lender EraLend
26.7.2023
‘EraLend,’ a leading Ethereum scaling blockchain lending protocol, has suffered a substantial loss of $3.4 million due to a recent security breach. An attacker exploits a vulnerability in EraLend’s smart contract code to withdraw more funds than authorized in a single transaction...
Wallex.US Wallet Sponsors US Open of Surfing – One of the Largest Sports Festivals in the World
26.7.2023
The newly launched a non-custodial crypto and defi wallet app Wallex.US is making a big splash by becoming the first ever cryptocurrency company sponsoring a major surfing event. The 2023 Wallex US Open of Surfing will be held in Huntington Beach, California, from July 29 through August 6, 2023....
Binance Research's H1 2023 Report: A Positive Note in Challenging Times for Crypto
25.7.2023
Binance's 120-page "Half-Year Report 2023 July 2023," released on July 20, provides insights into the current state of the crypto market, almost two years after its peak in late 2021.
Despite facing challenges in the first half of the year, the crypto industry has demonstrated resilience, with...