Defi Platform Delta Prime Loses $4.9 Million in Hack

According to Cyvers, Delta Prime, the decentralized finance (defi) platform, lost just over $5.9 million after a hacker took control of a private key on Sept. 16. Detailing the incident, Meir Dolev, the CTO of Cyvers, said the hacker initiated the attack by taking control of a wallet that is the admin of Delta Prime … Read more

Bitcoin’s Role in Defi Evolves: CMC Research and Footprint Analytics Report

Coinmarketcap (CMC) Research and Footprint Analytics have released a thorough report exploring the swift expansion of decentralized finance (defi) on the Bitcoin blockchain. The report delves into Bitcoin’s evolving role, driven by innovations that are redefining its potential within the defi space. Bitcoin’s Defi Ecosystem Grows: $1.07 Billion Locked According to the findings from the … Read more

Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange, … Read more

Open Oracle Network DIA Launches Lumina to Bolster Web3 Data Infrastructure

DIA, an open oracle network, has launched a new oracle architecture called Lumina. The design aims to enhance trustless data infrastructure for Web3, offering improvements in scalability and decentralization. DIA Introduces Lumina: A New Trustless Oracle Architecture According to the statement provided to Bitcoin.com News, the Lumina system integrates modular components to gather, verify, process, … Read more

Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer … Read more

Ramp Network Expands Crypto Services to All 50 US States

Ramp Network, a fintech company, has extended its cryptocurrency purchasing services to encompass all 50 U.S. states, including the District of Columbia. This growth, Ramp explained on Tuesday, broadens its user base by adding support for 17 more states, making it easier for users to buy and sell digital currencies. Ramp Network Covers 50 States, … Read more

Mansa Partners With Nigerian Blockchain Platform Bitmama to Boost Cross-Border Payments

The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution has reportedly already helped foster financial inclusion in other regions. Bridging the Funding Gap The Nigerian blockchain payment … Read more