Tag: DeFi
News about the decentralized finance sector
KyberSwap to Give $48M in Compensation to Hack Victims
Reading Time: < 1 minuteThe team of decentralized exchange KyberSwap will be offering grants from their project funds to users who were affected by the $48.8 million hack in November.
JPMorgan: DeFi and NFTs Are Reviving
Reading Time: < 1 minuteRecent developments have brought some positive signals for DeFi and NFT market.
Sui Surpasses $150M in TVL, Showcasing Blistering DeFi Momentum
Reading Time: 2 minutesGrand Cayman, Cayman Islands, November 30th, 2023, Chainwire Sui, the pioneering Layer 1 blockchain and smart contract platform created by the technology team that emerged from Meta’s Diem Blockchain project, […]
Aave Suspends Some Operations Due to a Vulnerability
Reading Time: < 1 minuteAfter discovering a vulnerability, the Aave DeFi protocol has temporarily suspended some operations.
DeFi Projects on Ethereum Network Accumulate $22B in Crypto
Reading Time: < 1 minuteThe majority of decentralized finance protocols, around 75%, are being used on the Ethereum network.
EU Authorities Believe DeFi Market Is Not a Threat for Financial Stability
Reading Time: < 1 minuteAccording to a report published by the European Securities and Markets Authority (ESMA) last week, there is no perceived risk to the EU financial stability from the DeFi (decentralized finance) market.
Tether Suspends USDT Tranfers to Fiat and DeFi Project from Singapore
Reading Time: < 1 minuteCake, a DeFi protocol based in Singapore, has announced that Tether will no longer be converting its stablecoin into US dollars.
Premia Blue, the Future proof DeFi Options Exchange, is now live on Arbitrum
Reading Time: 3 minutesRoad Town, British Virgin Islands, September 13th, 2023, Chainwire Premia Blue, the first-of-its-kind DeFi options exchange, is now live on Arbitrum. Designed for traders and liquidity providers across all experience […]
Octav Raises 2.65 Million To Help Label DeFi Transactions
Reading Time: 3 minutesMontreal, Canada, September 12th, 2023, Chainwire Octav, a DeFi labeling and tax reconciliation platform, raised a $2.65 million seed to help label the DeFi ecosystem and be the “Quickbooks of […]
Eco Protocol Launches Beam Wallet for Optimism and Base Networks
Reading Time: < 1 minuteThe team of DeFi project Eco Protocol has unveiled the Beam crypto wallet for payments on the Ethereum L2 networks – Optimism and Base from Coinbase.
Struct Finance Transforms DeFi Landscape on Avalanche With the Launch of Tranche-based BTC.B-USDC Vaults
Reading Time: 3 minutesTortola, British Virgin Islands, July 12th, 2023, Chainwire In its ongoing journey to reshape the crypto investing landscape, Struct Finance, a DeFi platform that enables investors to engage with tailored […]
Study: Gaming Industry is Ahead of DeFi and NFT Markets
Reading Time: < 1 minuteAccording to a new study from DappRadar, the gaming industry is leading the blockchain economy and is far ahead of the DeFi decentralized finance market and the NFT ecosystem.
Europe Warns Against Exclusion of DeFi Sector from MiCA Regulation
Reading Time: < 1 minuteAFME has called on regulators to keep DeFi services within the MiCA regulatory framework in order to protect market integrity, financial stability, and end users while promoting financial and technological innovation.
Singapore Considers Aspects of Tokenization and DeFi Protocols
Reading Time: < 1 minuteThe MAS has presented a report summarizing an initiative to assess tokenization and DeFi’s compliance with international standards.
ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023
Reading Time: 3 minutesPodgorica, Montenegro, June 9th, 2023, Chainwire At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD […]
Ede Finance Developers Confess Price Manipulation as a Result of Hack
Reading Time: < 1 minuteThe project team admitted to their manipulation and promised to return the stolen funds to the hacker, minus 10%.
TRM Labs Says Hacker Damage Reduction is Due to Sanctions Against Mixer Tornado Cash
Reading Time: < 1 minuteThe first quarter of 2023 saw a marked decrease in the amount of damage from hacks of DeFi protocols.
zkLink Announces First “Dunkirk Test” to Establish New DeFi Safety Standard
Reading Time: 2 minutesSingapore, Singapore, May 3rd, 2023, Chainwire zkLink, a multi-chain trading middleware utilizing zero-knowledge proofs, announces the first “Dunkirk Test”, a new DeFi safety standard, on May 11-13. During this event, […]
Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease
Reading Time: 2 minutesGeorge Town, BVI, May 2nd, 2023, Chainwire The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the […]
DeFiChain To Sponsor the National Fighting Championship in Germany
Reading Time: 2 minutesSingapore, Singapore, 7th March, 2023, Chainwire DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that […]
DeFi Project Ondo Finance Releases Tokenized US Treasuries
Reading Time: < 1 minuteThe Ondo Finance project has recently introduced tokenized versions of US bonds.
Hackers Steal $12M from DeFi Project Defrost Finance
Reading Time: < 1 minuteDeFi protocol Defrost Finance suffered a hacker attack on December 23.
Study: DeFi Popularity in North America Reduces BTC Dominance
Reading Time: < 1 minuteBetween July 2021 and June 2022 in North America, decentralized finance (DeFi) accounted for 37% of total cryptocurrency transactions.
DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse Opportunities
Reading Time: 3 minutesBucharest, Romania, 12th December, 2022, Chainwire After experiencing success in the crypto space, DeFi Yield Protocol announces a complete rebranding to Dypius. The experienced team conducted several months’ worth of […]
European Commission: TradFi Rules in Relation to DeFi Are Inadequate
Reading Time: < 1 minuteThe European Commission has recognized the insufficiency of the standard financial policy for the regulation of DeFi services.
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