DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’
Alex Tapscott’s new book breaks down key DeFi concepts for business leaders. Go to Source Powered by WPeMatico
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ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint in Europe, suggesting a ban on proof-of-work mining is probable. Growth of Stablecoins, Defi Warrants … Read more
100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that provides “collateral integration from a U.S.-based bank.” The Makerdao governance proposal passed by a majority vote of more than 87%, and it gives the U.S. financial institution Huntingdon Valley Bank the means to leverage a stablecoin vault. Huntingdon Valley … Read more
2 key Ethereum derivatives metrics suggest that $880 was ETH’s bottom
Data shows Ethereum options traders are less bearish that before, and margin-based markets recently saw some investors go ultra-long on 491,000 ETH. Go to Source Powered by WPeMatico
Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62%
After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92% dominance or $48.17 billion of … Read more
Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL
Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. Hacker Returns $8 Million in Crypto to Crema … Read more
DeFi protocol Porter Finance shuts down bond issuance platform after just one month
The firm cited better interest rates from traditional finance loans and regulatory risks in mulling the bond platform. Go to Source Powered by WPeMatico
Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen
According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed Another defi protocol has lost funds to a hacker … Read more
Top 3 DeFi 2.0 Tokens to Watch in July 2022
DeFi systems have undergone numerous attempts to be made more effective as they become more prevalent. The hazards involved with DeFi transactions are intended to be addressed by DeFi 2.0, including the erratic nature of cryptocurrencies, security issues with smart contracts, and a lack of loan repayment responsibility. On DeFi platforms, a value worth $92.3 … Read more
Terra’s Crypto Tokens UST and Luna Classic Mysteriously Pumped This Week, UST Climbed by 470%
After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the U.S. dollar in recent times. During the last seven days, LUNC has risen 96.3% and the once-stable coin UST has increased 472.4% this week. … Read more