DeFi

defi news

Decentralized finance, known as DeFi, is emerging as the evolution of the obsolete traditional finance, these DeFi provide an extra of decentralization, transparency and security.

In this section you will find the latest news related to decentralized finance, new projects, partnerships and everything you need to be informed of everything that happens around you.

Without the need to trust third parties, more secure, transparent and without borders, DeFi will give a lot to talk about and from Crypto Economy we will tell you about it.

Trust Wallet coin (TWT) Jumps 150% in Six Days

Trust Wallet Coin (TWT) Jumps 150% in Six Days

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In the last 24 hours, TWT, the native token that represents Trust wallet, a self-custodial crypto wallet, has posted a gain of 47% according...
alameda

Alameda Responds to BitDAO Request after Breach of Contract Speculations Surface

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The current market volatility has seeped into Billionaire Sam Bankman-Fried’s cryptocurrency empire. Speculations of a potential token dump began to emerge after FTX's hot...
polygon

MATIC Continues its Double Digit Rally Rising 15%; What is Happening?

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MATIC, the native token of the Polygon network, has been on an upward trajectory with impressive daily surge. The token emerged as one of...
FBI Warns 'Pig Butchering' as a Popular Method for Crypto Scams

Around $3 Billion Stolen In 2022 So Far Amid Crypto Exploits

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So far this year, hackers have been responsible for stealing crypto worth approximately $3 billion. This year’s October has managed to break all records...
Blockchain Research Firm ChainSafe Raises $18.75M To Support Web3

Blockchain Research Firm ChainSafe Raises $18.75M To Support Web3

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Canada based blockchain research and development firm, ChainSafe, has just secured $18.75 million in early-stage funding to expand blockchain infrastructure and Web3 gaming services....
‍There is a boom in Web3 development despite market headwinds

‍There is a Boom in Web3 Development Despite Market Headwinds

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The web3 developer community is more active now than it has ever been, even though both Bitcoin and Ethereum have lost approximately 70% of...
DeFi Platform Mango Markets Lose $100 Million in an Exploit

DeFi Platform Mango Markets Lose $100 Million in an Exploit

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A Solana-based decentralized finance platform, Mango Markets has been exploited for more than $100 million in a hacking attempt. Early reports suggest that the...
UAE Dominates Web3 Ecosystem With Nearly 1.5k Companies: Report

UAE Dominates Web3 Ecosystem With Nearly 1.5k Companies: Report

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Web3 platform Crypto Oasis revealed the dominance of UAE in the Web3 economy as it identified more than 1,450 active Web3 organizations with nearly...
Lido Finance Launches Layer-2 Ethereum Staking

Lido Finance Launches Layer-2 Ethereum Staking

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Lido Finance, one of the largest Merge staking providers, has launched on two layer-2 networks, Optimism and Arbitrum that will reportedly improve its accessibility...
BNB Smart Chain Resumes Operation After $100 Million Hack

BNB Smart Chain Resumes Operation After $100 Million Hack

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The BNB Smart Chain became victim to a multi-million dollar hacking attempt, as the blockchain was exploited for around $100M. BNB is closely linked...