DeFi

Hedgey Finance, a decentralized finance (DeFi) platform known for supporting decentralized autonomous organizations (DAOs) with token distribution services, recently found itself under siege in a cyber attack that resulted in a substantial loss of $44.7 million across two blockchain platforms, Arbitrum and Ethereum. This attack has raised concerns about the security vulnerabilities within the decentralized finance (DeFi) […]

Dogecoin (DOGE) was once celebrated for its unexpected rise from a meme to a major digital asset. However, it has now fallen out of the top 10 cryptocurrencies by market capitalization, according to data from CoinMarketcap. This development comes as Chainlink (LINK) ascends into the top 10. It reflected the dynamic and ever-changing landscape in […]

Binance Research recently released its latest report, and it maps the landscape of Bitcoin Ordinals, revealing an ecosystem—from DeFi and NFTs to tooling. The report explicitly points to the fact that inscriptions and BRC-20 tokens have played a significantly important role in catalyzing activity within the Bitcoin ecosystem over the past year. These innovations have not […]

Binance Research recently released its latest report, and it maps the landscape of Bitcoin Ordinals, revealing an ecosystem—from DeFi and NFTs to tooling. The report explicitly points to the fact that inscriptions and BRC-20 tokens have played a significantly important role in catalyzing activity within the Bitcoin ecosystem over the past year. These innovations have not […]

The Shiba Inu team has recently made headlines for forming a strategic alliance with K9 Finance. K9 Finance specializes in liquid staking derivatives (LSD) and operates on the Shibarium network. This partnership, announced by Shiba Inu’s marketing leader Lucie through an X post, marks a significant expansion in the network’s ecosystem. Step by step, @K9finance […]

The US Commodity Futures Trading Commission (CFTC) has recently published a comprehensive report on decentralized finance (DeFi). The report aims to inform and guide policymakers at various levels, including the US Congress, state legislatures, and regulatory bodies. The release was published by the Digital Assets and Blockchain Technology Subcommittee of the CFTC’s Technology Advisory Committee, […]

Kyber Network, as a decentralized finance (DeFi) protocol, suffered a major setback on November 24, losing a substantial US $48.8 million in an exploit—an amount not seen since the previous year’s first half. It is one of their regrettable cuts ever again! Their workforce, the announcement of the difficult move made by CEO Victor Tran […]

In the dynamic landscape of decentralized finance (DeFi), meme coins have waned off the bullish trend to pave the way for the emergence of substantive players like Polkadot, Chainlink, and Pullix. Noteworthy is Polkadot, which has shot into the green according to the data from CoinMarketCap, with a $7 trading value. The token witnessed a […]

Decentralized finance (DeFi) protocol Yearn. Finance grapples with a setback, urging arbitrage traders to return $1.4 million in funds following a multi-signature scripting error. The treasury balance of 3,794,894 lp-yCRVv2 tokens was inadvertently swapped due to a flawed multisig script, as outlined in a GitHub post on December 11 by Yearn contributor “dudesahn.” The mishap […]