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Centralization Caused Most Decentralized Finance Hacks in 2021
12.1.2022
Centralization issues have emerged as the main attack vector in decentralized finance (DeFi), facilitating the largest share of the hacks -- with USD 1.3bn worth of user funds stolen in 44 DeFi attacks last year, according to a recent report by security-focused ranking platform CertiK.
CertiK’s...
Crypto Paradigm Enters Citadel, JPMorgan Clients on Bitcoin Price + More News
11.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto Paradigm Enters Citadel, JPMorgan Clients on Bitcoin Price + More News
Elrond Network Acquires Web3 Payment Solution Utrust, UTK Rallies
11.1.2022
Internet-scale blockchain Elrond Network (EGLD) announced the acquisition of Web3 cryptocurrency payment solution Utrust (UTK) for an undisclosed amount.
At 10:40 UTC, EGLD is trading at USD 198 – it’s up 2% in a day and down 16% in a week. It has appreciated 445% over the past year. UTK...
Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols
10.1.2022
On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster...
JPMorgan Shares Predictions on Crypto Markets, Ethereum’s Upgrades, Defi, NFTs
10.1.2022
Global investment bank JPMorgan has published a report on the future outlook of crypto markets, including Ethereum’s upgrades, decentralized finance (defi), and non-fungible tokens (NFTs). The bank sees “the cryptocurrency markets as increasingly relevant to financial...
Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%
8.1.2022
Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 billion and since then, the TVL has dropped ​​8.55% in value. During the last 24 hours, the TVL has slid 2.80%, and Curve’s $23 billion locked today represents 9.84%...
JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues
8.1.2022
A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at the firm, further stated that other new smart...
Finance Redefined: Terra expanding UST and LUNA, and Aave Arc seeks institutional adoption, Dec. 31–Jan. 7
7.1.2022
Terra Research presented a governance proposal to expand the influence of UST and LUNA, Aave Arc launched a DeFi pool for whitelisted projects, and WonderFi Tech purchased First Ledger Corp for $162 million — all coming to you in this week’s Finance Redefined
ImmuneFi report $10B in DeFi hacks and losses across 2021
7.1.2022
The research reveals that crypto losses in the nature of exploits and rug-pulls saw a 137% rise in comparison to figure calculated in 2020
Seamlessly Bridge To Fantom With FundMovr!
7.1.2022
With the burst of a large number of blockchain technologies, there is no doubt that the future will hail the one that offers cross-chain interaction to its users. Interoperability will be vital to growing in the market. FundMovr, a metabridge, has taken the lead in this case. It now supports...
Top Crypto Concern of Institutional Investors, Ray Dalio on Bitcoin Allocation + More News
6.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Top Crypto Concern of Institutional Investors, Ray Dalio on Bitcoin Allocation + More News
ClaimSwap Achieve a Growth of 150% in Active Wallet Users
6.1.2022
A little over two weeks into its launch, ClaimSwap has received an impressive boost in terms of acquiring new users and investors on its platform. According to the latest statistics, the growth registered by the swopping platform is around 150% when compared to the previous week. This exponential...
Ethereum’s Position as DeFi Leader Challenged by Terra, BSC, Solana, Avalanche – JPMorgan
6.1.2022
The dominant position enjoyed by Ethereum (ETH) in decentralized finance (DeFi) will increasingly be challenged by other blockchain protocols until a scaling solution for the network is implemented next year, according to a private note by analysts at investment bank JPMorgan....
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Coinbase Shares Predictions on Future of Ethereum Scalability, Metaverse, Defi, NFTs
6.1.2022
Coinbase’s chief product officer has shared some predictions for 2022 regarding Ethereum’s scalability, the metaverse, decentralized finance (defi), non-fungible tokens (NFTs), and more. 2022 Predictions by Coinbase’s Executive Coinbase’s chief product officer, Surojit...
Ethereum dominates among developers but competitors growing faster
6.1.2022
The total monthly active developers measured hit a record high of more than 18,000 but Ethereum retains the largest number of them
Defi Lending Startup Aave Launches Permissioned Platform to Entice Financial Institutions
5.1.2022
On January 5, the open-source non-custodial decentralized finance (defi) lending platform Aave launched a permissioned version of the protocol aimed at institutions. The platform dubbed Aave Arc will leverage Fireblocks as the first whitelister as the platform aims to help bridge traditional...
3 key metrics show DeFi's TVL on the verge of a new ATH
5.1.2022
The $4 billion gap between the current decentralized finance TVL and an ATH could be closed using recent implementations from AAVE, Curve, and Spell Token
5 Crypto Index Tokens That Allow You to 'Buy the Market'
5.1.2022
Index trackers are among the most popular investment vehicles among retail investors. Instead of trying to beat the market by selecting a handful of securities or assets, passively investing in a market’s index typically yields better returns.
Crypto investors also have the ability to “buy...
Aave's Permissioned DeFi Arc, Polymarket Stays, P2E Drones in Metaverse + More News
5.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Aave's Permissioned DeFi Arc, Polymarket Stays, P2E Drones in Metaverse + More News
WazirX is conducting a grand EZ giveaway worth $47,510!
5.1.2022
Overview of the EZ project EasyFi (EZ) is a DeFi or Decentralized Finance lending protocol, enabling collateralized lending by using Plasma to enhance user experience. The Ethereum-based EZ network is Blockchain agnostic and allows cross-chain settlements of assets. This Ethereum-compatible network...