Solana-Based ‘DeFi’ Lender Solend Goes for Whale Hunting and Backpedals Instantly
A new proposal put forward by Solana (SOL)-based borrowing and lending service Solend to disapprove the takeover of the protocol's largest account following huge backlash from the community has passed with an overwhelming majority of votes.
SEC Boss Gensler Hints that He Could Seek to Regulate DeFi
The American Securities and Exchange Commission chief Gary Gensler will not be a “cheerleader” for crypto, a new interview has revealed – and indicated that after tightening regulations on crypto exchanges, he may well turn his attention to policing the world of decentralized finance (DeFi).
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.
Aave and Centrifuge Launch ‘Real World Assets’ Market
Popular decentralized finance (DeFi) protocol Aave (AAVE) has partnered with decentralized operating system Centrifuge to launch a new market called Real World Assets (RWAs), which would enable users to earn yield against real-world assets.
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.
Top Risks for DeFi Users and Investors According to Moody’s and Gauntlet
Decentralized finance (DeFi) is rapidly evolving, but insufficient transparency, a lack of shared awareness about its risks, and methods to measure and mitigate those risks continue to pose challenges to its users, according to a report by international risk assessment firm Moody’s.
Another Two Binance Smart Chain Projects Suffer Flash Loan Attacks
And yet another two projects on Binance Smart Chain (BSC) suffered incidents, in the form of more flash loan attacks - and this time it's Burger Swap (BURGER) and JulSwap (JULD).
Ex-Bank of China Chief Issues DeFi Warning
The former head of the commercial banking giant the state-owned Bank of China has sent out a warning about decentralized finance (DeFi) – a suggestion perhaps that Beijing might one day follow up its crypto crackdown with a set of measures aimed at restricting access to the sector.
‘DeFi or DoxFi’ Asks Community After Compound Founder’s Statement
Compound Finance founder is now backpedaling a controversial statement, while the community is once again questioning how decentralized DeFi really is.
DeFi Could Rely On CBDC, But More Bridges With Centralized Finance Are Needed –...
As decentralized finance (DeFi) and central banking share a number of objectives, building bridges between decentralized and centralized finance (CeFi) could open up new possibilities for the use of central bank digital currencies (CBDCs) , according to the participants of a debate held by the Innovation Hub of the Bank for International Settlements (BIS) and the Swiss National Bank (SNB).