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.
Decentralized finance (DeFi) platform Loopscale has agreed with the hackers responsible for its recent $5.8 million exploit. The hackers have decided to return most of the stolen funds in exchange for a 10% bounty, marking a rare instance of an amicable resolution in the crypto security landscape. On April 26, ...
Rug pulls have become one of the most pervasive risks in the DeFi space, eroding investor confidence and hindering the industry's long-term viability. A rug pull is a type of fraud where a project's developers abandon the initiative after amassing significant investor funds, leaving token holders with worthless assets. The ...
Symbiotic, a decentralised finance (DeFi) protocol, has secured $29 million in a funding round led by Paradigm and cyber.Fund. Other notable investors include Robert Leshner, founder of Compound, and Sreeram Kannan, founder of EigenLayer. The funding aims to support the development of Symbiotic’s universal coordination layer for permissionless restaking, a ...
DeFi Development Corporation (JNVR), formerly Janover, has significantly increased its Solana (SOL) holdings, signalling a strategic shift toward cryptocurrency investments. Following a buyout led by former Kraken executives on April 7, the company has been actively building its Solana-based reserve treasury. In an April 22 announcement, DeFi Development Corporation revealed ...
The crypto lending market saw a significant decline by the end of Q4 2024, with total outstanding loans estimated at $36.5 billion, well below the late 2021 peak of $64.4 billion, as highlighted by Galaxy Digital report. The recent decline in the market can be attributed to the collapse of ...
Bybit has launched a new BTC staking campaign through its Web3 platform, offering users fresh incentives to explore decentralized finance (DeFi) rewards. The initiative, which runs from April 11 to May 9, is powered by a partnership with Lombard Finance—the team behind LBTC, the leading liquid staked BTC token. Through ...
BitSaci CRYPTO GROUP LIMITED, the operator behind the Web3-focused cryptocurrency exchange BitSaci, has launched BitSaci Labs to drive investment and innovation in the Web3 ecosystem. This initiative expands beyond their core exchange services, focusing on DeFi, GameFi, and Artificial Intelligence (AI). Through BitSaci Labs, the company aims to support the ...
Bitlayer, a prominent member of the BitVM Alliance, is partnering with Xverse Wallet to integrate the BitVM Bridge into the wallet's interface. This collaboration aims to facilitate the adoption of BitVM technology in the growing Bitcoin DeFi ecosystem, allowing users to access the BitVM Bridge seamlessly through their Xverse Wallet. ...
The U.S. Senate has voted to repeal a controversial IRS rule targeting decentralized finance (DeFi) platforms, bringing the measure closer to becoming law. The lawmakers passed the resolution with a 70-28 vote, overturning a regulation that sought to impose tax reporting requirements on DeFi businesses. The decision comes after a ...
Coinbase has unveiled a feature to Verified Pools, a KYC-verified liquidity pool designed to boost DeFi adoption while minimizing counterparty risks. The initiative aims to provide both institutional and retail traders with compliant access to on-chain liquidity, fostering a more secure and transparent trading environment.CEO Brian Armstrong emphasized the importance ...
