DeFi

The rise of decentralized finance has undoubtedly disrupted the financial landscape, offering peer-to-peer transactions recorded on blockchains. However, this newfound anonymity has attracted malicious actors seeking to exploit DeFi for illicit activities like money laundering and sanctions...

Ohio Congressman Warren Davidson has expressed strong opposition to Central Bank Digital Currencies (CBDCs), emphasizing the potential risks they pose to the digital asset ecosystem. In a series of tweets, the House Representative highlighted the misconceptions surrounding CBDCs and other digital...

Binance Labs, the investment and incubation subsidiary of Binance (CRYPTO: BNB), has announced a $5 million investment in Curve DAO Token (CRYPTO: CRV), the utility token that powers the Curve ecosystem.  Curve has a total value locked (TVL) of approximately $2.4 billion and a daily...

PancakeSwap (CRYPTO: CAKE), a decentralized exchange (DEX), initiated operations on the Ethereum (CRYPTO: ETH) scaling platform Arbitrum (CRYPTO: ARB) as part of its strategy to grow its clientele and revenue. PancakeSwap, which operates without intermediaries using smart contracts, is...

Curve Finance (CRYPTO: CRV) has announced a reward of $1.85 million for information leading to the legal conviction of the individual or group behind the recent exploit of their system. The DeFi protocol's team stated on Aug. 6, "If the exploiter chooses to return the funds in...

A significant portion of trading activity has shifted from Ethereum (CRYPTO: ETH) to Arbitrum (CRYPTO: ARB), a Layer 2 scaling solution. This trend has been observed in the distribution of Uniswap trade volume across different Layer 2s, according to a report published by Glassnode Insights....

Igor Igamberdiev, the head of research at Wintermute — an algorithmic trading firm focused on innovative digital asset markets — has suggested a possible connection between the Bald (CRYPTO: BALD) memecoin and Alameda Research, a prominent cryptocurrency...

Crypto research firm Delphi Digital raised concerns about the potential for a DeFi implosion triggered by the $100 million debt of Curve Finance (CRYPTO: CRV) founder, Michael Egorov. In a series of tweets, the research firm stated that Egorov has a massive loan backed by approximately 427.5...

In a year marked by significant growth for the crypto industry, a new report has revealed that over one-third of the projects funded in 2021 have not yet delivered a product. The report by crypto venture funding firm Lattice provided a comprehensive analysis of the performance of...

In the second quarter of 2023, Bitcoin (CRYPTO: BTC) demonstrated a strong performance, gaining market dominance over altcoins, according to a report. Despite the crypto market experiencing a downturn, Bitcoin and Ethereum (CRYPTO: ETH) continued to build on their gains from the first...

In a significant move to drive the adoption of Web3 technologies, blockchain startup accelerator Cronos Labs announced a partnership with Protocol Labs, an open-source research and development laboratory. In a press release issued on Thursday, the company stated the Cronos Accelerator...

Smart wallet infrastructure provider Safe announced on Thursday a partnership with Monerium, an on-chain fiat issuer, to integrate the latter's Web3 IBAN and EURe fiat on/off-chain payments directly into individual Safe smart accounts. The company stated this partnership was...

Mark Cuban on Tuesday said that traditional banking systems possess an array of layers to protect against corruption and social engineering hacks, they also introduce drawbacks such as increased costs, complexity, and limited access for those in need. What Happened:  Cuban was responding to a post...

The SEC’s reopening release # 34-97309 for redefinition of “exchange” reiterated the applicability of existing rules to platforms that trade crypto digital asset securities, including so-called “DeFi” system. It shows the Commission’s  willingness in...

Emphasizing the importance of regulations for the long-term success of the crypto industry, Elke Karskens, U.K. director at Coinbase (NASDAQ: COIN), the key is to ensure regulatory bodies do not stifle innovation. She was outlining her perspective on the future of blockchain and...