Decentralized finance is a form of blockchain-based finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to provide traditional financial instruments, instead of relying on smart contracts on blockchains, the most common of which being Ethereum.
Starshash, a mining-focused mini-app on Telegram, has partnered with TON Ventures and DWF Labs to advance decentralized finance (DeFi). These collaborations introduce a new token distribution model prioritizing transparency, fairness, and accessibility. Through this partnership, Starshash has secured significant investment and acquired hashing power within the TON ecosystem. This collaboration ...
According to a recent press release, Pillar Finance is revolutionizing DeFi lending with innovative solutions designed to address ongoing challenges in the sector, such as over-collateralization and liquidation risks. Pillar Finance is a platform for institutional participants such as hedge funds and trading desks. It has introduced a more efficient ...
Bedrock has introduced brBTC, a new Bitcoin derivative, to enhance Bitcoin's role in decentralized finance (DeFi). Integrated into Bedrock's Liquid Restaking Token (LRT), brBTC addresses key challenges in the DeFi space, including fragmented liquidity and limited yield opportunities. By enabling Bitcoin holders to deposit various derivatives, such as WBTC and ...
Babylon Labs, a major player in Bitcoin staking with over $2 billion in Total Value Locked (TVL), has partnered with SatLayer. This collaboration aims to improve Bitcoin's staking and restaking capabilities, enhancing liquidity, security, and capital efficiency for Bitcoin holders across various blockchain applications. SatLayer will become the primary restaking ...
Analysts at Matrixport have suggested that Donald Trump's potential picks for key roles at the U.S. Treasury, Commerce Department, and possibly the Securities and Exchange Commission could usher in a crypto-friendly era. The crypto-based financial services platform released a report suggesting that the narrative in the country around Bitcoin as ...
DeFi lending protocol DeltaPrime has issued an ultimatum to the perpetrators of its recent $4.8 million hack. In a November 13 X post, the protocol’s co-founder, Gavin Hasselbaink, warned that legal action will be taken if the attacker fails to engage in dialogue, and efforts to track down the individual ...
A security breach on Base, a Layer 2 blockchain, has led to the theft of approximately $1 million. The exploit, which involved manipulated Wrapped Ether (WETH) contracts, was first reported on October 25 by blockchain security firm Cyvers Alerts. According to Cyvers Alerts, the attacker exploited a weakness in the ...
According to Anthony Agoshkov, Co-Founder of Marvel Capital and Founder of Alchemy Family, the convergence of traditional finance (TradFi) and digital assets is reshaping markets at an unprecedented pace. In a recent interview with Finance Magnates, Agoshkov expressed optimism about the transformative role of cryptocurrency, asserting that despite being in ...
Brazil is integrating DeFi principles into the creation of its own "synthetic" central bank digital currency (CBDC), Drex, formerly known as the Brazilian digital real. According to Roberto Campos Neto, president of Banco Central do Brasil (BCB), the South American country aims to design a CBDC that tackles the "trilemma" ...
RDX Works, the team behind the Radix DeFi platform, has reduced its workforce by 15%. CEO Piers Ridyard shared the news on Thursday via Telegram, stating that the decision is part of a broader cost-cutting strategy. He emphasized that these layoffs are vital to a larger strategy that includes significant ...
