DeFi News

Digital asset custody protocol Fireblocks scored $30 M in Series B funding managed by investment organization Paradigm. Among other participants were Fireblocks' present supporters. Paradigm co-creator Fred Ehrsam has entered Fireblocks' executive board. Fireblocks aims to use the fund in order to...

The crypto trading platform Binance has sued Forbes and two authors for issuing an article in October that the company finds defamatory. The suit, submitted in US District Court in New Jersey, claims that the article—” Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme to Evade...

Origin's decentralized finance (DeFi) protocol was hacked on November 16, lost more than $ 7M. An attacker exploited a vulnerability in the Origin stablecoin contract (OUSD) and withdrew most of the tokens. Origin stablecoin is backed by three other stablecoins: Tether (USDT), USDC from Circle and...

DeFi yield optimizer Idle Finance has raised $1.2 million in seed funding. Idle is a decentralized platform that allows users to automatically manage their investments and holdings across multiple DeFi protocols, adjusting interest rate returns and capital allocation based on user risk profiles. ...

Stablecoin project Origin Dollar (OUSD) was attacked on Monday and lost $7M as a result. The sum involved user funds, as well as $1 million worth of deposits by Origin founders and employees. The attacker managed to find a reentrancy bug in smart contracts. He exploited the Origin Protocol's Origin...

China’s President Xi Jinping personally decided to stop the world’s biggest-ever IPO after Ant Group’s creator and China's second-richest man Jack Ma talked against the country’s innovation-oppressive financial management and banking system. Ant Group was supposed to be launched on November...

An unknown attacker devastated the YCURVE and sUSD liquidity pools of the Akropolis project in DAI stablecoins worth $ 2 million. He hacked smart contracts that were audited twice. We recently identified a hack executed across a body of smart contracts in the "savings pools" that have...

Successful decentralized protocol UniSwap has informed about informal community call will take place on Nov. 12 at noon. There will be discussed basic management subjects principal to Uniswap as well as the prospects of its liquidity mining details. A great number of DEX clones appeared trying to...

Crypto exchange Binance has begun blocking U.S. users from accessing its exchange platform. The action comes more than a year after Binance first talked about in July 2019 that it would stop serving U.S. residents from September of that year. Until now, the exchange was still allowing U.S. users to...

DeFi bulls seem to return. One of the leading protocols AAVE has scored 25% in the past 24 hours alone reaching $159.1k. Thanks to this, the coin becomes the best-performing crypto asset in the top 100 by market capitalization. LEND is currently the #65 cryptocurrency by market cap at $5.2M. Note...

UniSwap (UNI) continues to lead the DeFi projects list. Its capitalization now exceeds $ 2.8 billion, according to data from the DeFiPulse.com service. The closest competitor to UniSwap is the Maker project, which costs about $ 2.18 billion. Analysts predict that UNI's capitalization will exceed $...

Lightning App, an establishment aiming to expand the Lightning Network, a Layer 2 payment protocol operating on BTC, has issued a retail store for liquidity. The protocol informed about the launch of Pool, “a non-custodial, P2P market” which will convert Lightning liquidity into a commercial...

Kylin, a protocol developing a cross-chain data framework powered by PolkaDot, informed about the launch of distributed oracles as a step to the first implementations of its network to offer DeFi environment precise, secure, and economical reference of outer information. The oracles created by the...

Aave’s core developers have passed governance rights over to AAVE token owners, giving its community power over the future of the network. It recently informed that the admin keys of the protocol are now transferred to the governance communities. Besides, this migration is done under the command...

An association of western world's 8 leading DeFi platforms was created with the help of Shanghai science and technology establishment. The Open DeFi Alliance has informed about the commencement of a western wing and the integration of eight new entrant organizations. The association launched in...

Hackers seized USDT and USDC stablecoins costing $24 million from Harvest Finance’s stablecoin and BTC pools. Harvest Finance, which is a yield aggregator supplies liquidity to other DeFi funds to make a profit for its liquidity providers (LPs). The attackers supposedly took advantage of the...

The total value of digital currencies trapped in the DeFi ecosystem has reached a new high. According to the service DeFiPulse.com, the market capitalization of the decentralized finance market on Friday, October 23, reached $ 12.3 billion. Over the past 48 hours, investors have funneled over a...

A startup company for initial-stage cryptocurrency and blockchain-focused establishments, Collider Labs, has effectively hit a $1 million investment amount. The $1 M was raised after some additions like well-known limited partners, among them established blockchain executives, CEOs, founders, and...