Category: DeFi
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DeFi TVL (Total Value Loacked) Hits $133 Billion In Sept 24
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September saw a notable upswing in the DeFi TVL space, with the total value locked (TVL) in decentralized finance ecosystems rising to $133 billion — a 10% increase from previous levels. This surge marks a significant boost for the cryptocurrency market, driven by substantial contributions from blockchains like Solana, Base,…
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Forget Meme Coins Or Stablecoins, DeFi Leads In Fees Generation On Ethereum
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Ethereum remains by far the largest smart contract platform by market cap. The network, which ranks second on the market cap leaderboard, hosts decentralized applications across multiple verticals. While Metaverse, gaming, and NFT activity has since dissipated, DeFi is standing and looking forward to a steady recovery in total value…
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Bedrock DeFi Exploit: UniBTC Contract Hit
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The world of decentralized finance (DeFi) has witnessed significant growth in recent years, with a plethora of platforms emerging to meet the ever-evolving needs of investors and cryptocurrency enthusiasts. However, as the DeFi ecosystem continues to expand, it has also become a prime target for malicious actors seeking to exploit…
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Bedrock DeFi Exploit: UniBTC Contract Hit
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The world of decentralized finance (DeFi) has witnessed significant growth in recent years, with a plethora of platforms emerging to meet the ever-evolving needs of investors and cryptocurrency enthusiasts. However, as the DeFi ecosystem continues to expand, it has also become a prime target for malicious actors seeking to exploit…
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Cardano Founder Warns Trump DeFi Venture Could Politicize Crypto Landscape
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Charles Hoskinson, co-founder of Cardano and Ethereum, has expressed deep concern about former President Donald Trump’s new DeFi platform project known as World Liberty Financial. Speaking in interviews, Hoskinson said the project is likely to turn into political flashpointThis could exacerbate the already delicate situation surrounding cryptocurrency regulation in the…
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Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
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With its price up 17% over the past seven days, Avalanche (AVAX) has recently been in winning streakThe cryptocurrency is currently trading at $28.12, up 7% in the past 24 hours alone. This sudden surge fits into a larger cryptocurrency market rally driven by a major shift in the US…
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Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
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With its price up 17% over the past seven days, Avalanche (AVAX) has recently been in winning streakThe cryptocurrency is currently trading at $28.12, up 7% in the past 24 hours alone. This sudden surge fits into a larger cryptocurrency market rally driven by a major shift in the US…
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DeltaPrime DeFi Protocol Suffers Devastating $5.9 Million Breach
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Image: coinmarketcap In a recent incident that shocked the crypto community, the DeltaPrime DeFi protocol fell victim to a devastating breach, resulting in the loss of over $5.9 million in various tokens. This attack, which occurred on the Arbitrum blockchain, exposed the vulnerabilities that even prominent DeFi platforms can face,…
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DeltaPrime DeFi Protocol Suffers Devastating $5.9 Million Breach
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Image: coinmarketcap In a recent incident that shocked the crypto community, the DeltaPrime DeFi protocol fell victim to a devastating breach, resulting in the loss of over $5.9 million in various tokens. This attack, which occurred on the Arbitrum blockchain, exposed the vulnerabilities that even prominent DeFi platforms can face,…
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Bitcoin Backed Token Announced By Coinbase: BTC Holders Can Now Access DeFi Apps on Base
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Bitcoin has risen more than 5% since Wednesday, but the past few weeks have been marked by volatility and uncertainty. However, Important Announcement from Coinbase It brings new optimism to BTC holders keen to explore DeFi opportunities. As of yesterday, Coinbase launched Coinbase Wrapped BTC (cbBTC), an ERC20 token backed…
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Congress battles over DeFi, while Trump’s silence speaks volumes
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With the Democrat-Republican debate over decentralized finance raging, what message does Trump’s silence send to the crypto community? Is it a sign of disinterest or strategic neutrality? DeFi gets the spotlight On September 10, the first congressional hearing on decentralized finance was held, marking a significant moment in the development…
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DeFi is a 1st Amendment right, expert says at hearing
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DeFi advocates have argued against imposing strict, anti-innovation rules on the emerging digital asset industry. At a hearing of the US House Financial Services Committee Titled “Decoding DeFi: Analyzing the Future of Decentralized Finance,” a number of DeFi advocates testified to protect the sector from stricter rules focused on anti-money…
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DeFi is a 1st Amendment right, expert says at hearing
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DeFi advocates have argued against imposing strict, anti-innovation rules on the emerging digital asset industry. At a hearing of the US House Financial Services Committee Titled “Decoding DeFi: Analyzing the Future of Decentralized Finance,” a number of DeFi advocates testified to protect the sector from stricter rules focused on anti-money…
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DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain
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This article is also available in Spanish. Decentralized finance (DeFi) protocol Synthetix (SNX) is working on launching its own blockchain application, called SNAXChain, according to a blog post. Published On September 4, 2024. Synthetix SNAXChain Launched on Optimism Superchain Infrastructure Synthetix is set to unveil SNAXChain, a blockchain application built…
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DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain
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This article is also available in Spanish. Decentralized finance (DeFi) protocol Synthetix (SNX) is working on launching its own blockchain application, called SNAXChain, according to a blog post. Published On September 4, 2024. Synthetix SNAXChain Launched on Optimism Superchain Infrastructure Synthetix is set to unveil SNAXChain, a blockchain application built…
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Top Compliance Strategies For DeFi Projects
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Navigating the murky waters of DeFi, compliance plays a crucial role as new regulations emerge. DeFi projects, propelled by innovation, now face the pressing need to align with these sweeping legislative demands. The rise of decentralized finance hasn’t gone unnoticed by regulators. As the regulatory landscape shifts, project leaders must…
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Top 10 DeFi Platforms To Watch In 2024 For Smart Investing
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image courtesy: coindcx.com In the rapidly changing universe of cryptocurrency, Decentralized Finance, or DeFi, stands out as a major player. Unlike traditional banks, DeFi uses blockchain technology to offer financial services without middlemen. It’s a concept that’s caught the eye of both tech enthusiasts and investors, and for good reason.…
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Crypto Behemoth Coinbase Enters The Bitcoin DeFi Arena
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A short, cryptic tweet caused a stir in X circles late Tuesday night when the world’s leading exchange Coinbase hinted at plans to enter the wrapped bitcoin market. The initial speculation was quickly validated by Senior staff from certain Their excitement for further integration of Bitcoin into the company’s blockchain…
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Crypto Behemoth Coinbase Enters The Bitcoin DeFi Arena
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A short, cryptic tweet caused a stir in X circles late Tuesday night when the world’s leading exchange Coinbase hinted at plans to enter the wrapped bitcoin market. The initial speculation was quickly validated by Senior staff from certain Their excitement for further integration of Bitcoin into the company’s blockchain…
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Coinbase’s CbBTC Token: Reshaping Bitcoin In DeFi
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Image: cryptonews CoinbaseLeading cryptocurrency exchange Tron has recently sparked speculation about the potential launch of its own Bitcoin, dubbed “cbBTC.” The move comes amid ongoing discussions and concerns over the management of the popular cryptocurrency Wrapped Bitcoin (WBTC), which has been embroiled in controversy due to the involvement of Tron…