DeFi Platforms See Broad Weekly TVL Decline, One Protocol Stands Out
Major decentralized finance (DeFi) platforms have seen a broad decline in the total value locked (TVL) over the past week, with only one top 10 protocol seeing growth. The fall in TVL came as prices of popular smart contract tokens like ethereum (ETH), solana (SOL), and BNB also fell sharply.
Decentralized Music Platform Audius Identifies Source of USD 6M Exploit, Says it Applied a...
Decentralized music platform Audius has identified the bug that had allowed a hacker to pass a malicious governance proposal and transfer tokens worth USD 6m, adding that they have applied a patch to regain control of the protocol.
Solana Team Set to Open Doors of a Physical Store in New York to...
The team behind open-source blockchain Solana (SOL) is readying to open its physical store in New York City, USA, to the public, in a bid to promote the Solana blockchain and Web 3 at large.
Major Fintech Firm FIS Partners with Fireblocks to Bring DeFi and Crypto to Institutions
The digital asset platform Fireblocks is partnering with the US-based publicly listed fintech firm FIS to bring a range of new enterprise-grade solutions from the world of decentralized finance (DeFi) and crypto trading and staking to its client base, the two companies announced today.
7 DeFi Risks You Should be Aware of According to CoinShares
Risks are inherent to all financial sectors, and decentralized finance (DeFi) is no exception.
This Is What FBI Recommends to DeFi Investors
With cybercrime increasingly hurting the DeFi sector, the US Federal Bureau of Investigation (FBI) is taking steps to warn investors and platforms about these risks, and is also recommending a set of precautions that could prevent them from losing their assets to criminals.
MakerDAO Founder Suggests ‘Seriously Considering’ Depegging DAI from USD
MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.”
Hack Summer Continues with Acala Becoming the 4th Victim in August, ‘We’ll See...
A scorching hot decentralized finance (DeFi) hack summer continues, with the latest in a string of at least eight protocols to fall victim to an exploit since early June being Acala Network - and it is at least the fourth one in August alone.
USD 6.8B Pension Fund to Invest in Crypto Lending Market
Indicating that major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up its returns.
Even This Hydraulics Firm Takes Crypto, DeFi, NFT & Metaverse Plunge
The Korean Stock Exchange-listed South Korean hydraulics firm Sewon E&C is in the final stages of sealing a deal with a major decentralized finance (DeFi) player over proposed crypto, non-fungible token (NFT) and metaverse collaboration.