Yieldly’s CEO Says Interoperability In DeFi Is More Important Than A Market-Leading Blockchain

Decentralized finance (DeFi) is no doubt one of the leading offerings of the crypto market.

FATF’s New Guidelines Drop Next Week, Will Tackle Stablecoins, NFT & DeFi

The Financial Action Task Force (FATF) will publish its updated guidelines on crypto sector policing next week – and will broaden its scope to include stablecoins, peer-to-peer (P2P) platforms, non-fungible tokens (NFTs), and decentralized finance (DeFi).

Cardano Set To Enter The Babbage Era After Alonzo HFC Milestone

Cardano successfully deployed the Alonzo Hard Fork Combinator over a month ago, which has no doubt been one of the most important upgrades to happen on the network Alonzo HFC brought with it smart contracts capability on the network and with this came decentralized finance (DeFi) services to the ecosystem.

Polychain Leads $23M Bet on Startup Streamlining DeFi Portfolio Management

Portfolio management in decentralized finance (DeFi) remains a highly manual and, at times, costly process, especially on platforms like Uniswap v3 where “concentrated liquidity” means that a user might have their position liquidated entirely to one side of a pair.However, Sommelier is working to change that.

MDT introduces blockchain oracle to accelerate DeFi adoption

The integration will allow for open-source development of niche, data-driven smart contracts Measurable Data Token (MDT) has announced the launch of a blockchain-based oracle service, Measurable Finance (MeFi), which has been designed to connect traditional financial data markets to the decentralized finance (DeFi) sector.In its primary showcase of utility, the project constructed a decentralized application (dApp) —accessible on both the Ethereum and Testnet blockchains — which enables participants of DeFi to access stock trading data from some of the world’s largest financial marketplaces including the Nasdaq, New York Stock Exchange (NYSE) and Hong Kong Stock Exchange (HKEX).With the introduction of these services, decentralized data sharing network Measurable aims to advance the DeFi industry into the mainstream, unifying the divide between the real-life and on-chain worlds.Oracles are third-party external data sources such as global temperature levels or sports scores that exist outside of the blockchain sphere but can be used to verify smart contracts.

DeFi Protocol Element Finance Raises $32M in Series A Round

Element Finance, a decentralized finance (DeFi) fixed rate protocol, closed a $32 million Series A funding round at a $320 million valuation, the DeFi project announced on Tuesday.Polychain Capital led the round.

DeFi Insurance Protocol Solace Goes Live

Decentralized finance (DeFi) insurance protocol Solace, which provides coverage policies for Aave, Compound and Uniswap among others, has gone live after eight months of development and four months of testing.

Polkadot-based privacy project Manta Network raises $5.5M

Manta Network will use newly raised funds to further scale DeFi use cases by boosting blockchain privacy. Manta Network, a privacy layer project for the Polkadot ecosystem, has completed a new funding round to continue scaling decentralized finance (DeFi) use cases by boosting blockchain privacy.Announced Tuesday, Manta Network’s latest $5.5-million funding round included participation from more than 30 venture funds, including crypto hedge fund CoinFund and alternative investment firm ParaFi Capital.Other investors included Web 3.

Arbitrage bot’s spam attack on the Polygon network generated $6,800 per day

An arbitrage bot managed to turn 14 ETH to 218.5 ETH simply by spamming the Polygon network for 120 days. The growth of layer-two protocols has been one of the major stories of 2021 as the rising popularity of decentralized finance (DeFi) and nonfungible tokens (NFT) have driven transaction costs higher on the Ethereum (ETH) network effectively pricing out many participants. Earlier this year the Polygon network, formerly known as MATIC, emerged as one of the top contenders in the race for an effective Ethereum layer-2 scaling solution, and the project's QuickSwap DeFi platform was also one of the more successful Uniswap clones.The platform was quite popular initially but as other platforms like Arbitrum and Optimism popped up, discussions about Polygon fell to the wayside and some traders even refer to the platform as "slow".

DeFi on the Ballot: Yearn Developer Matt West Is Running for Congress

First a MakerDAO lobbyist, now a Yearn candidate.As regulatory stormclouds gather over Washington and crypto advocates seek to obtain a louder voice in US politics, one Yearn.Finance developer is running for Congress on a pro-crypto platform.That said, he may need the decentralized finance (DeFi) community’s help if he hopes to win.On Oct.

A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike

October has been a strong month for cryptocurrencies like bitcoin but a number of decentralized finance (defi) tokens have seen higher double-digit gains this past week.

Four Steps Banks Need To Take To Prepare For Crypto, CBDC Disruption

The world’s banks should brace themselves for the new era of decentralized finance (DeFi) by preparing the necessary technology to maintain and exchange cryptoassets and central bank digital currencies (CBDCs), according to a recent report by blockchain company Cypherium and the Boston Consulting Group (BCG).

DeFi on 'Path to Recovery' After Strong Quarterly Growth

The decentralized finance (DeFi) sector is “on the path to recovery,” with DeFi-related tokens having increased their share of the total crypto market valuation from 4.7% last quarter to 5.8% this quarter, a new report from crypto tracking site CoinGecko said....Read More: DeFi on 'Path to Recovery' After Strong Quarterly Growth

DeFi Presents Multi-Billion Dollar Use Case To Disrupt Foreign Exchange Market, According to Shark Tank Star Kevin O’Leary

Shark Tank star Kevin O’Leary is saying that the foreign exchange market is a multi-billion dollar use case for decentralized finance (DeFi), a form of blockchain technology that supporters claim can revolutionize financial services by eliminating the need for intermediaries.

Celo to Be Fastest EVM Chain by End of 2022, Co-Founder Says

nths, according to Celo co-founder Marek Olszewski.The platform, focused on making decentralized finance (DeFi) more accessible on mobile devices, has high ambitions for a newly

Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell

Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark.

Browser-based DeFi wallet XDEFI launches public version

XDEFI will challenge MetaMask’s dominance of the browser wallet space by offering a new user experience for decentralized finance and nonfungible tokens. XDEFI Wallet, a browser-based wallet service for decentralized finance (DeFi) and nonfungible token (NFT) users, launched its public version on the Chrome Store.Similar to the widely-used browser extension wallet MetaMask, the XDEFI Wallet supports DeFi applications across multiple blockchains.

Financial Industry Professionals Agree That Future of DeFi Requires Cross-Chain Interoperability and Seamless Liquidity Transfer Services

The decentralized finance (DeFi) ecosystem has grown exponentially during the past few years.

Genesis CEO Michael Moro Thinks Mistakes Keep Institutions Away From Defi

CEO of trading firm Genesis, Michael Moro, stated that according to his views the decentralized finance (defi) space is still too risky for institutions to step in.

The Financial System Is In 'An Age of Disruption,' BIS Official Admits

tion Hub.Speaking at the Geneva Conference on the World Economy in Geneva, Switzerland on Thursday, Cœuré said that “cryptocurrencies, the rapid rise of decentralized finance (DeFi), and

Ethereum may have come to DeFi's rescue, but here's the whole story

The Decentralized Finance (DeFi) space, which is dominated by Ethereum, had a rather rough month as the market fluctuated immensely.

Is Polygon's strengthening presence in DeFi likely to overshadow Binance Smart Chain

In the constantly growing Decentralized Finance (DeFi) space, the emergence of Polygon is not surprising.

Total Value Locked Across Multiple Defi Chains Nears $200 Billion — Ethereum’s TVL Dominance 69%

While the crypto economy has seen a decent uptick in performance during the first week of October, a number of decentralized finance (defi) tokens have seen tremendous gains.

Copy-Trading dApp FNDZ Eases Decentralized Crypto Trading For DeFi Mass Adoption

Decentralized finance (DeFi) reached over $150 billion in total value locked (TVL) in the last year.

Do Uniswap, Dydx need the impetus of another 'macro-event'

Towards the end of last month, as the market saw considerable shake-off and most altcoins shed their past gains, the winner of the month appeared to be the decentralized finance (DeFi) sector.

Money in 2030: A future where DeFi and CBDCs can work together

In coexistence with mutual benefits, decentralized finance and central bank digital currencies will finally make money universally available worldwide. Decentralized finance (DeFi) is changing the way that people all over the world think about money faster than any previous financial revolution.

Third-Largest Bank in France Societe Generale Proposes Use of Defi Protocol Makerdao

French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao.

DeFi and DEX volumes soar amid China's crypto ban and ongoing US regulation

Data shows that crypto holders are increasingly shifting to DeFi protocols and DEXs as China continues its cryptocurrency crackdown and fears of heavy-handed regulation scare US-based traders. Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China's goal in limiting citizens ability to trade cryptocurrency seems focused on discouraging the use of cryptocurrencies and the growing decentralized finance (DeFi) ecosystem but these maneuvers appear to be having the opposite effect as the token price and protocol activity for projects like Uniswap (UNI) and dYdX have seen an uptick since the crackdown began.

White hat hacker paid DeFi’s largest reported bounty fee

Cointelegraph spoke to the hacker for insights on the timeline of events, as well as the wider implications of bounty programs on DeFi’s security landscape. Belt Finance, an automated market maker (AMM) protocol operating a yield optimization strategy on Binance Smart Chain (BSC), claims to have paid the largest bounty in the history of decentralized finance (DeFi) to a white hat hacker who averted a $10-million bug crisis. Industry white hat programmer Alexander Schlindwein discovered the vulnerability in Belt Finance’s protocol this week and reported the news to the team.

Compound supply bug mistakenly rewarded users with $70M in tokens

It is expected that the total figure of tokens could rise to north of $85 million. Decentralized finance (DeFi) interest rate protocol Compound Finance has reported a token distribution bug within its newly implemented Proposal 062, which is over-rewarding suppliers into the tens of millions of dollars. The upgrade was designed to “split COMP rewards distribution and bug fixes” and was fully verified without issues.

DeFi Whales Just Created the Biggest Crypto Economy in the World, According to Chainalysis

Blockchain data platform Chainalysis says that a surge of institutional investment in the decentralized finance (DeFi) space has created the world’s largest cryptocurrency economy.

Celer (CELR) gains 400% after traders embrace its multi-chain ‘cBridge 2.0’ solution

CELR soars to a new all-time high following the launch of its cross-chain bridge that allows traders to jump back and forth between various layer-1 and layer-2 platforms. High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem. Since the completion of Ethereum's London hardfork, cross-chain bridges and layer-2 solutions have been revised as options for mitigating the high fees on the Ethereum network.

EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption

Decentralized finance (DeFi) has become an increasingly important addition to the Cardano network following the launch of smart contracts capability.

SphynxSwap announces a partnership with award-winner marketing agency Luna PR

While at the forefront of an innovative suite of decentralized finance (DeFi) products, SphynxSwap has entered a strategic partnership with an award-winning public relations and marketing agency, LunaThe post SphynxSwap announces a partnership with award-winner marketing agency Luna PR appeared first on AMBCrypto.

Are These Altcoins About To Break Out? Analyst Nicholas Merten Looks at One Hot Sector of the Crypto Market

Widely followed crypto market analyst Nicholas Merten is expecting altcoins in the decentralized finance (DeFi) sector to rally.

Cardano Teams Up With Chainlink To Advance Development of Smart Contracts and DeFi Applications

Input Output Hong Kong (IOHK) is teaming up with Chainlink (LINK) to advance the development of smart contracts for decentralized finance (DeFi) applications on Cardano.

Cardano to enable new DeFi stablecoin with Coti

Coti previously partnered with Cardano’s stablecoin hub Ardana to bring decentralized stablecoin payments to AdaPay. A new stablecoin is arriving on the Cardano blockchain to provide a tool for decentralized finance (DeFi) operations and avoid transaction fees.Cardano’s payment gateway provider Coti will be the official issuer of Djed, a new DeFi-focused stablecoin for the Cardano network, Cardano founder Charles Hoskinson and Coti CEO Shahaf Bar-Geffen announced Sept.

UNI, SUSHI, MKR, Defi Tokens See 24 Hour Double-Digit Gains, Defi TVL Jumps 6% in 2 Weeks

While a number of popular crypto-assets like bitcoin have been consolidating, decentralized finance (defi) tokens have captured significant gains during the last 24 hours.

Fuse announces token swap with Pocket Network broadening access to full node infrastructure

In a major boost for the decentralization and robustness of the network, leading payments and decentralized finance (DeFi) blockchain player, Fuse Network, has announced a token swap between its nativThe post Fuse announces token swap with Pocket Network broadening access to full node infrastructure appeared first on AMBCrypto.

LCX price rallies 300%+ after the launching DeFi Terminal 2.0

Increasing trading volume at Uniswap, a rising TVL and upgrades to its DeFi platform were followed by a new all-time high from LCX. The emergence of decentralized finance (DeFi) has reshaped the landscape of the cryptocurrency ecosystem, which was once dominated by centralized exchanges like Coinbase and Binance and helped to make it more accessible for users and projects seeking to gain access to the markets. As DeFi emerged as a cheaper, more accessible option for investors and projects, centralized exchanges saw their reserves of BTC and Ether dip and they began to compete for users as growing numbers of investors opted to give DeFi a try.

Roughly $11,800,000 Worth of Bitcoin Stolen From DeFi Platform in Latest Crypto Hack

A cross-chain decentralized finance (DeFi) platform says it has lost millions of dollars worth of Bitcoin (BTC) to hackers.

Avalanche Defi Platform Vee Finance Attacked — $35 Million in ETH, BTC Siphoned

On September 21, 2021, an Avalanche-based decentralized finance (defi) platform Vee Finance announced that it suffered from an incident that siphoned 8,804 ether and 213 bitcoin out of the system.

DeFi platform Vee Finance exploited for $35M on Avalanche blockchain

Vee Finance says it suffered a $35 million attack just a few days after launching the mainnet on Avalanche last week. Decentralized finance (DeFi) platform Vee Finance reported $35 million losses in the latest exploit, just a few days after launching the mainnet on the Avalanche network.After pausing services due to suspicious activity on Sept.

Data shows parabolic-style growth in layer-2-based DeFi and DEX platforms

Layer-2-based DeFi and DEX platforms have seen an incredible surge in user activity, revenue and total value locked since the launch of Arbitrum and Avalanche’s cross-chain bridge. In the increasingly competitive landscape of blockchain technology and cryptocurrencies, protocol innovation and the ability to solve the biggest problems facing the crypto community are necessary for any project that looks to have long-term success in the ecosystem. Recently, the emergence of layer-2 technology like Arbitrum, Optimism and a bridge to the Avalanche ecosystem is revolutionizing the way investors, builders and developers interact with various protocols because each facilitates fast, low-cost transactions that improve the fundamentals of the decentralized finance (DeFi) ecosystem while also making it easier for retail-sized investors to capitalize on opportunities.

Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion

In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today.

Few reasons why Cardano's founder may be wrong about DeFi being in a bubble

In the months since Decentralized Finance (DeFi) emerged, many blockchains, including Cardano, have redesigned themselves to incorporate its advantages. However, the creator of Cardano, Charles HosThe post Few reasons why Cardano's founder may be wrong about DeFi being in a bubble appeared first on AMBCrypto.

Cardano Announces Launch of Custom DeFi Platform After Rolling Out Smart Contracts

Blockchain network Cardano (ADA) says it’s preparing to launch its own decentralized finance (DeFi) platform after completing a crucial mainnet upgrade last week.

EMURGO announces new venture to build DeFi services infra on Cardano

Now that Cardano's Alonzo hard fork has given way to smart contract integration, it only makes sense for the network to foray into the world of decentralized finance (DeFi).

Crypto and DeFi disintermediate banking in new ways, says OCC head

The head of the body in charge of overseeing US banks named cryptocurrency and decentralized finance (DeFi) activity among factors contributing to disintermediation of the banking system. On Sept.

As Crypto Economy Slumps, Total Value Locked in Defi Continues to Rise

Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion.

DeFi Coverage Aggregator Bright Union Launches Mainnet

The decentralized finance (DeFi) coverage aggregator Bright Union has launched its highly anticipated mainnet.

KingDeFi: AI-Powered Yield Farming Aggregator on Multiple Blockchains

[Featured Content] It goes without saying that the world of decentralized finance (DeFi) saw exponential growth over the past year and a half, with the total value locked across various protocols skyrocketing.

Ethereum Competitor Launches $300,000,000 DeFi Fund to Fuel Crypto Adoption

An Ethereum competitor is launching a $300 million fund to support decentralized finance (DeFi) innovation on its network.

Nasdaq to provide price feeds for tokenized stock trades on DeFiChain

Nasdaq, alongside Finnhub and Tiingo, will be providing its price feeds to DeFiChain, a DeFi platform built on the Bitcoin network. Tokenized stocks have had a shaky few months from a regulatory perspective, but that seemingly hasn't stopped legacy financial giants and decentralized finance (DeFi) advocates from inking new deals. Bloomberg reported today that Nasdaq, Finnhub and Tiingo, will be providing their price feeds to DeFiChain, a DeFi platform built on the Bitcoin (BTC) network.DeFiChain offers trading in tokenized stocks that correspond to the underlying price of major listed firms like Tesla, Amazon and Apple.

Meet the First BCH Dex Built on Smartbch — Benswap.cash Presents High-Yield Liquidity Pools, Noncustodial Swaps

Decentralized finance (defi) has set a trend during the latter half of 2020 and into this year, as statistics show $168 billion is locked in defi across various blockchains.

Institutional investors dominated the DeFi scene in Q2: Chainalysis report

Big-money players accounted for the majority of transactions in the decentralized finance crypto market in Q2 2021. The DeFi market appears to no longer be the domain of retail actors alone as the institutional investment footprint in the crypto market segment continues to attain more significant levels.According to blockchain intelligence firm Chainalysis, institutional investors played a major role in decentralized finance (DeFi) adoption in Q2 2021.In its soon-to-be-released “Global DeFi Adoption Index” report, Chainalysis stated:“Large institutional transactions, meaning those above $10 million in USD, accounted for over 60% of DeFi transactions in Q2 2021, compared to under 50% for all cryptocurrency transactions.”Indeed, DeFi has become a major draw for big-money players in recent times with banks and financial institutions beginning to commit funds to the crypto market segment.The trend likely signifies a diversification of interest from offering Bitcoin-related investment products with large-cap investors looking to tap into the expanding DeFi scene.The preview report by Chainalysis also showed a widening dichotomy in the adoption metrics for DeFi and the broader crypto market.

NFT Survey With Over 40K Respondents Indicates Americans Trust NFT Investments More Than Britons

In 2021, two very distinct crypto trends stood out which include non-fungible token (NFT) assets and decentralized finance (defi), as billions of dollars in crypto has flooded into these sectors.

Ruler and Cover DeFi protocol closes down amid mass developer exit

DeFi insurance protocol Ruler and Cover pledged to share the remaining treasury funds to token holders. In a candid open letter, the lead contributor of Cover and Ruler Protocol, “DeFi Ted,” announced the protocol will close its virtual doors in the near future, citing a mass developer exit as the primary reason for the project’s conclusion.Launched earlier this year, the Ethereum-based decentralized finance (DeFi) insurance marketplace enabled users to stake Cover tokens as collateral and receive insurance payouts if their assets in other DeFi protocols are hacked or rug-pulled.

Lobby Lobsters NFT drop raises $4 million in one hour to support DeFi lobbying efforts

All revenues from secondary sales will also be disbursed to support DeFi lobbying efforts globally. Nonfungible tokens (NFT) depicting cartoon lobsters in suits have raised more than $4 million to support lobbying efforts supporting the decentralized finance (DeFi) sector.On August 5, nonfungible token platform and community Universe sold out if its Lobby Lobster NFTs in less than one hour, raising roughly $4 million.Wow Already $4m raised for lobbying efforts in DC.

Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam

At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche.

Web 3.0 Is Coming, and Crypto Will Be Essential to It

First, it was decentralized finance (DeFi), then it was non-fungible tokens (NFTs), and now it seems as though the Next Big Thing in crypto might be Web 3.0.

Drops Allows to Maximize Returns on NFTs and DeFi Assets by Leveraging Them as Collateral

NFT and decentralized finance (DeFi) asset owners who are interested in putting their assets to work and intend to maximize passive returns without having to sell their holdings may be able to leverage them as collateral.

Solana extends rally with another new high — Why is SOL price up by 70% in one week?

The SOL price rally also appeared in the wake of “Ignition,” a global hackathon to build new platforms on the Solana blockchain. Solana (SOL) started Friday at a new record high as investors continued to bet positively on its success in the decentralized finance (DeFi) and nonfungible tokens (NFT) sector.The SOL/USD exchange rate reached $146.28 for the first time in history, following a 35% month-to-date rally.

Crypto exchange OKEx launches DeFi hub and NFT marketplace

OKEx is expanding its decentralized finance footprint with a DeFi Hub and a marketplace for creating and selling NFTs. Global crypto exchange OKEx is ramping up its decentralized finance (DeFi) efforts with the introduction of the DeFi Hub, a decentralized digital asset ecosystem that includes a marketplace for nonfungible tokens (NFTs). According to a Sep.

Hashbon Moves to DeFi to Launch CDEX Platform and Connect Ethereum and Binance Smart Chains

As decentralized finance (DeFi) garners more traction in the blockchain industry, more projects also get launched into the market.

DeFi Is Not a New Concept and Is Misnamed As Decentralized - SEC Chair

Gary Gensler. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Contrary to a popular belief, decentralized finance (DeFi) is “not really a new concept,” and also a misnomer, as DeFi platforms have “a fair amount of centralization” that includes governance mechanisms, fee models, as well as incentive systems, according to Gary Gensler, Chairman of the US Securities and

Cream Finance to repay stolen Ether and Amp via protocol fees

Cream Finance has identified the AMP integration error that caused a nearly $19 million loss for the protocol and aims to pay users back. Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug.

DeFi Platform Cream Finance Loses $26,000,000 in Hack

The decentralized finance (DeFi) lending protocol Cream Finance (CREAM) suffered a hack that led to the loss of about $26 million in Ethereum (ETH) and AMP tokens.

BCH Defi Project Detoken to Close Its Doors Over Regulatory Climate Toward Crypto Derivatives

On August 28, the Bitcoin Cash-based decentralized finance (defi) platform Detoken announced the project is closing its doors on September 4, 2021.

Leading DeFi projects launch $100M global adoption initative

The initiative — built on the Celo ecosystem — identified the lack of inclusivity and accessibility in the traditional financial markets. A consortium of leading decentralized finance (DeFi) protocols today announced a collaborative $100 million financial inclusion venture titled “DeFi for the People.”The DeFi applications involved in the project — AAVE, SushiSwap, Curve, 0x and PoolTogether, amongst others — will together provide up to $100 million in educational initiatives, grants, and incentives in an effort to educate individuals globally about decentralized finance.

Fantom Rallies, Solana Hits USD 100 on Continued DeFi, NFT Craze

The smart contract platform Fantom and its FMT token stood out as the big winner in the crypto market today, after a massive weekend price rally fuelled by growth in the decentralized finance (DeFi) and non-fungible token (NFT) trading.

​​Cream Finance DeFi platform loses $19M in a flash loan hack

The Cream Finance hacker gained $18.8 million by exploiting a reentrancy bug in the AMP token in a set of 17 transactions. Cream Finance, a major decentralized finance (DeFi) protocol focused on lending, has suffered a major exploit, with a hacker stealing nearly $19 million from its platform.An unknown hacker has managed to gain $18.8 million in the latest flash loan exploit of the Cream Finance protocol through a reentrancy bug introduced by the Amp (AMP) token, according to an investigation by blockchain security firm Peckshield.Announcing the news Monday, Cream Finance said that the protocol has stopped the exploit by pausing supply and borrow contracts on the AMP token.

Cream Finance Suffers USD 25M Flash Loan Attack

Decentralized finance (DeFi) project Cream Finance (CREAM) confirmed that they've suffered an exploit today. "C.R.E.A.M.

Hacker Returns All Stolen Assets From $643,000,000 Crypto Heist

After suffering a massive $643 million hack in early August, decentralized finance (DeFi) protocol Poly Network just retrieved all the stolen funds from the crypto hacker.

SEC Inks Deal With Blockchain Analytics Firm To Monitor DeFi Transactions

The US Securities and Exchange Commission (SEC) has inked a new deal with a blockchain analytics firm to help monitor and regulate the decentralized finance (DeFi) industry.

InsurAce Protocol Aims to Protect Customers’ Funds While Providing Higher APY

[Featured Content]  Decentralized finance (DeFi), alongside non-fungible tokens, has been the most widely-discussed topic within the cryptocurrency community over the past year.

Composable Finance Seeks Crowdloan to Build DeFi’s Interoperable Future

Composable Finance, an innovative blockchain protocol, is running ahead of schedule in its development of an interoperable ecosystem for decentralized finance (DeFi), which can be broadly defined as the use of blockchain to power financial tools.

Why the rising interest in UNI, Chainlink, AAVE doesn't tell the whole story

Decentralized Finance (DeFi) is often referred to as the future of digital financial transactions.

DeFi Adoption Driven By Seasoned Traders, Investors From High-Income Countries - Report

Decentralized finance (DeFi) adoption has been primarily driven by experienced cryptocurrency traders and investors which explains why its adoption is more visible in high-income countries which benefit from established cryptocurrency user bases, according to a recent report by blockchain analysis company Chainalysis. While emerging markets are powering

Stabilize Finance: Arbitrage Made Easy For Traders

[Featured Content]  The emergence of decentralized finance (DeFi) in the cryptocurrency industry has exposed investors to more opportunities to earn rewards from their digital assets.

Bloomberg Announces Launch of New Decentralized Finance Index for Institutions

Bloomberg, a global business and financial news giant, is expanding its coverage of the crypto markets with a new decentralized finance (DeFi) index.

Avalanche Best Weekly Performer in Top 100 as Incentive Program Kicks In

The smart contract platform Avalanche’s native AVAX token once again surged higher today, following massive price gains last week boosted by the news that it is integrating with the major decentralized finance (DeFi) protocols Aave and Curve Finance (CRV).

3 reasons why Avalanche (AVAX) price is up 200% this month

A rapidly expanding DeFi ecosystem and a new low-cost bridge to the Ethereum network are just a few reasons why AVAX price is up 200% in August. Layer-one blockchain networks like Bitcoin (BTC) and Ethereum (ETH) form the foundation of the cryptocurrency ecosystem and enable smart contract functionality that has allowed the creation of new industries like decentralized finance (DeFi) and nonfungible tokens (NFT).Avalanche (AVAX) is a relatively new layer-one solution that has recently seen a significant increase in price and adoption as the dominant smart-contract platform (Ethereum) continues to struggle with high transaction costs and slower processing times than its competitors.

SEC Chairman Says DeFi Projects ‘Have a Lot of Centralization,’ Warns They Won’t Reach Full Potential Outside Regulatory Laws

Chairman of the US Securities and Exchange Commission Gary Gensler is issuing a warning about the potential risks associated with the decentralized finance (DeFi) sector.

Solana Slows After Rally, Users Fear First Project ‘Rug Pull’

The recently massive price rise of the Solana blockchain’s native token SOL took a breather on an otherwise green day for the crypto market, while news broke that a Solana-based decentralized finance (DeFi) protocol known as Luna Yield went offline.

US SEC Boss Gary Gensler Calls to Regulate DeFi Projects

The US Securities and Exchange Commission Chairman Gary Gensler is pushing to regulate the decentralized finance (DeFi) landscape.

Compound, Aave and Maker Hit $42,000,000,000 Crypto Deposit Milestone As DeFi Surges: Glassnode

Crypto analytics firm Glassnode says that three decentralized finance (DeFi) assets are looking bullish as demand for the sector heats up.

Dune Analytics opposes $25M Uniswap grant to competitor

The decentralized finance analytics provider said Uniswap grants should be given to community members and not to service providers. Dune Analytics, a decentralized finance (DeFi) analytics service, has voiced its opposition to a Uniswap (UNI) governance vote for “Community-Enabled Analytics” that would see fellow analytics provider Flipside Crypto managing about $25 million worth of UNI tokens.Tweeting on Thursday, Dune highlighted the lack of community attention to the matter while also stating that grants should be given to community members and not to service providers.

Poly Hacker Prolongs Return of Funds, Offered Position of Chief Security Advisor

The biggest decentralized finance (DeFi) hack, of interoperability protocol Poly Network, with roughly USD 600m stolen is not over just yet, as the attacker has not yet provided the final key of the multisignature wallet, stating that they will provide it "when everyone is ready." However, the attacker has been offered a significant position on the team. In

After $611,000,000 Hack, Crypto Platform Poly Network Moves to Prevent Future Attacks

After suffering a massive $611 million hack last week, decentralized finance (DeFi) platform Poly Network is attempting to shore up its defenses.

Wen Dogecoin moon? On-chain data and trading volumes suggest soon

On-chain activity and trading volumes at major exchanges have analysts convinced that DOGE is turning bullish again. The cryptocurrency market has had a wild ride thus far in 2021 as multiple sub-sectors like decentralized finance (DeFi), NFTs, meme coins and layer-two solutions have seen their TVL and token values skyrocket to new highs. One of the biggest success stories of the year was been Dogecoin (DOGE), a simple 'joke' cryptocurrency that has morphed into a darling of the cryptocurrency sector.

Poly Network hack exposes DeFi flaws, but community comes to the rescue

The DeFi hacker’s initial intentions remain unclear, but they refused to accept a $500,000 bounty after returning all funds. Although it seemed crypto hacks were on the decline, just recently, the market bore witness to one of the largest-ever attacks in the young history of decentralized finance (DeFi), wherein an unknown hacker was able to exploit a loophole in cross-chain protocol Poly Network’s digital framework, thereby walking away with a cool $610 million from three separate blockchains.The Poly Network is a collaborative project helmed by Ontology, Neo and Switcheo.

Is It DeFi Season? Top Trader Predicts Two Altcoins From Hot Crypto Sector Will Blast Off

A closely followed crypto trader, known in the industry as Smart Contracter, is predicting giant rallies for two altcoins in the decentralized finance (DeFi) space.

Hacker Claims $600 Million in Stolen Crypto Will Be Returned, Poly Network Says Final Key Must Be Turned Over

The hacker involved in one of the biggest decentralized finance (DeFi) exploits in history is copping to the heist and returning the more than half-a-billion-dollar sum.

'Shall We Play a Game', Asks Poly Network Hacker Upon Returning the Funds

As nearly all stolen funds from the massive hack of the decentralized finance (DeFi) interoperability protocol Poly Network have been returned, the hacker continued their Q&A session, consciously providing some clues about their identity - as well as saying they have been offered half a million dollars by the protocol in reward money. The hacker, embedding the

Poly Network Hacker Keeps Sending Funds Back, Returns USD 342M

The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network has returned more than half (in USD terms) of the stolen funds so far. Per the latest data provided by Poly Network, as of August 12, almost USD 342m of assets has been returned.

Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash

On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets.

Poly Network Exploiter Starts Returning the Funds, Gives Back USD 1M

The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network, that just lost over USD 600m, first asked the protocol for a multi-signature (multisig) wallet to return the funds - and has started returning it.

Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’

On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports.

Simplifying DeFi with ETHA Lend

Decentralized Finance (DeFi) is a flourishing sector that aims to offer everyone financial services in an open-sourced manner with lower fees.