Tag: defi

Everlend, a Solana-Based DeFi Protocol, Announces Shutdown

Everlend, a DeFi lending and borrowing platform based in Solana, made the announcement that it is discontinuing the project and all further development. The initiative...

Bitget Becomes the Most Recent Victim of a DeFi Hack, Losing More Than 8 Million

Millions were lost in a hack at BitKeep, a non-custodial wallet held by well-known crypto derivatives market Bitget. Bitget becomes the most recent cryptocurrency...

Market Manipulation Attack Costs Celo Protocol Moolah Market Over $10 Million

Following a market manipulation attempt that occurred early on Wednesday morning, approximately $10 million worth of tokens belonging to the Celo-based lending and borrowing...

Mango Markets, a Solana DeFi platform, has lost $100 million, and the token has dropped 52%

An attacker manipulated price oracle data in order to steal over $100 million from the decentralized finance (DeFi) exchange Mango Markets, which is located...

Wintermute, a cryptocurrency market maker, loses $160 million in the DeFi hack

Wintermute, a leading crypto market maker, has lost about $160 million in a hack, according to a top executive, becoming the industry's latest victim. Wintermute's...

Russia Is Developing the “Cryptoruble” Token on Ethereum

According to Sergey Mendeleev, CEO of Indefibank, a Decentralized Finance (DeFi) banking platform, work is already underway in Russia to introduce a "tokenized cryptoruble" on...

The hack of $80M Rari Capital was “the domino” that brought about the failure of DeFi Project Babylon Finance

The creator of Babylon Finance is imparting some knowledge on how the DeFi initiative failed as the company is closing down and releasing its...

Ethermine, The Largest Ether Mining Pool, Launches A New ETH Staking Service

The biggest Ethereum mining pool in the world, Ethermine, has introduced a new staking pool for users in advance of the rapidly approaching Ethereum...

A Hack of DeFi Protocol Curve.Finance Results In The Loss Of $570,000

A screenshot of the wallet for the Curve.Finance decentralized finance (DeFi) system was posted on Twitter late Tuesday, revealing that hackers stole about $570,000...

Bitcoiners Will Be Introduced To Decentralized Finance Through Bitcoin.com

By connecting Bitcoin (BTC) owners to the realm of decentralized financing (DeFi) and integrating new services like a decentralized exchange (DEX) onto its platform,...

UN Calls on Developing Countries to Outlaw Cryptocurrency Ads and Control Crypto Wallets

The United Nations Conference on Trade and Development (UNCTAD) warns of the risk associated with leaving the industry unregulated in a policy brief titled...

Cambodia Receives Binance Support For Crypto Laws

The acceptance of cryptocurrency assets is expanding as their recognition rises. Many people and organizations are boarding the moving train to stay current with...

Changpeng Zhao, CEO of Binance, Predicts the Prospective of Decentralized Finance (DeFi) in 10 Years

Decentralized financing (DeFi) and decentralized exchange platforms (DEXes) will eventually surpass their centralized versions, according to the chief executive of the largest cryptocurrency exchange...

Staking Services for 7 Different Crypto Assets Have Been Added to Binance US

Binance US said on Twitter that the company is now among the several crypto exchanges that provide staking services. “Binance US has officially launched...