• 23 November, 2024

Tag: DeFi News

A subset of the bitcoin and blockchain businesses called “decentralized finance,” or “DeFi,” is devoted to offering a decentralized version of traditional financial possibilities. In the modern world, financial institutions give their clients access to options like loans and cash storage. These services are, however, controlled by centralized organizations.

DeFi solutions frequently give customers greater flexibility in terms of how they store and manage their own assets.In addition, DEXs, as opposed to trading on centralized digital asset platforms, further decentralize the trade of digital assets. We bring the latest and most transparent DeFi news to our readers out there. Our writers review and write about the best DeFi projects out there, bringing out the pros and cons and the potential impact of DeFi.

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Hackers Drain Nearly 15 Billion From the Terraport Platform

Hackers Drain Nearly 15 Billion From the Terraport Platform

Terraport Finance, a popular DeFi exchange project on the Terra Luna Classic blockchain, has suffered a major security breach. According

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U.S. Treasury DeFi Risk Report Under Fire: Coincenter Demands Clarity

U.S. Treasury DeFi Risk Report Under Fire: Coincenter Demands Clarity

The US Treasury Department recently published its DeFi Illicit Finance Risk Assessment, examining the risks linked to decentralized finance (DeFi)

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Major Blow to DeFi Platform Sentiment: Almost $1M Lost in Security Breach

Major Blow to DeFi Platform Sentiment: Almost $1M Lost in Security Breach

DeFi lending platform Sentiment has suffered a major security breach, losing almost $1 million in a reentrancy attack. The team

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AAVE’s Marc Zeller Proposes to Float AAVE V3 on BNB Chain

AAVE’s Marc Zeller Proposes to Float AAVE V3 on BNB Chain

Open Source Protocol Aave’s Marc Zeller has reportedly proposed to launch the Aave V3 lending protocol on the BNB Chain.

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Dark Times for DeFi? Top MEV Bots Hit in Block, $25 Million Stolen

Dark Times for DeFi? Top MEV Bots Hit in Block, $25 Million Stolen

The decentralized finance (DeFi) space has been rocked by another hack, this time targeting some of the top MEV bots

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$7.8 Million Stolen from LaunchZone DeFi Project Due to Security Breach

$7.8 Million Stolen from LaunchZone DeFi Project Due to Security Breach

LaunchZone, a decentralized finance (DeFi) platform on the Binance Smart Chain (BSC), has suffered a significant security breach that has

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Arbitrum TVL Soars 22% Weekly Following Much-Anticipated ARB Airdrop

Arbitrum TVL Soars 22% Weekly Following Much-Anticipated ARB Airdrop

Arbitrum, a popular Ethereum layer-2 scaling solution, is making waves in the decentralized finance (DeFi) space after its much-anticipated ARB

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SUSHI Token and Protocol Usage Struggles Amidst Long-Term Holders Exiting Positions

SUSHI Token and Protocol Usage Struggles Amidst Long-Term Holders Exiting Positions

The SUSHI token and protocol usage are facing challenges as long-term holders exit their positions, potentially due to macroeconomic conditions

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Cardano and Solana Battle for Dominance in DeFi and NFT Space

Cardano and Solana Battle for Dominance in DeFi and NFT Space

As the crypto market continues to see an upside, the competition between blockchain networks Cardano and Solana in the decentralized

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Babel Finance Founder Launches HOPE Stablecoin

Babel Finance Founder Launches HOPE Stablecoin

After leaving his position as CEO of Babel Finance, creator Flex Yang has developed the HOPE stablecoin and the associated

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Euler Finance Loses $177M In A Hacking Attack, $EUL Tanked 18%; What happened to Know Here

Euler Finance Loses $177M In A Hacking Attack, $EUL Tanked 18%; What happened to Know Here

Euler Finance, a lending protocol with the Ethereum network hacked, lost $177 million Decentralized Finance (DeFi lending platform Euler Finance)

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Axo’s Expert Advice on Navigating Cardano’s Governance Woes

Axo’s Expert Advice on Navigating Cardano’s Governance Woes

Cardano’s transition into the age of Voltaire, the age of community governance, has become a critical development period for the