DeFi Platform Inverse Finance Hacked; Loses Over $1.2M
Ethereum-based DeFi lending protocol, Inverse Finance, suffered a flash loan attack, where attackers stole $1.26 million in Tether (USDT) and Wrapped Bitcoin (WBTC). As per Peckshield,
defi (Latest Publications)
Binance Labs Drum Up $500M To Boost Web 3 Adoption
Binance Labs, the venture capital arm of cryptocurrency behemoth Binance, raised $500 million in partnership with global institutional investors DST Global Partners and Breyer Capital to
Coinbase Revamps its App; Gives Access to Web3, NFTs and Much More
Cryptocurrency exchange giant, Coinbase, is diving deeper into the world of Web 3 with its new product. The crypto exchange platform just rolled out a redesigned
Fairfax, Virginia Considers Putting Pension Fund Money Into Crypto Yield Farming Funds
County officials in Fairfax, Virginia, are considering investing pension fund funds in two crypto funds that engage in yield farming. Using DeFi as an alternative investment
The IMF Publishes a Statement Where it Talks About DeFI, its Risks and Benefits
Financial stability issues are discussed in a recent IMF report. It states that the dangers have increased as the financial system’s resilience is put to the
Bank of England is on Work for Britain’s First Crypto Regulatory Framework
The Bank of England, the central bank of Britain, is on work to bring forward the first regulatory framework for the crypto sector in the country as the ongoing geopolitical crises put this sector under regulators’ main agenda.
Decentralized Finance: How Will DeFi Look Like in 2022?
Besides Non-Fungible Tokens (NFTs) and metaverse, DeFi is another buzzword in the crypto industry. In fact, DeFi was the precursor to NFTs that first gained notable attention in the summer of 2020. It is currently a more than $200 billion market and is expected to grow exponentially in the time to come.
US SEC Charges BlockFi with $100M in Penalties Over Its BIA Lending Product
The US SEC charges BlockFi, a crypto trading, and lending platform, with $100 million in penalties for failing to register its controversial crypto lending product, BlockFi Interest Accounts (BIAs).
DEX Aggregator 1Inch Network Expands to Avalanche and Gnosis Chain
DEX aggregator 1Inch Network has expanded to two more Ethereum-compatible public blockchains to provide its users access to more liquidity from a single dashboard.
DeFi Protocol SushiSwap Goes Live on Fuse Blockchain
DeFi Protocol SushiSwap has added Fuse blockchain to its supported chains as it goes live on the Fuse Network.
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