DeFi

ConsenSys released this week a report titled “The Impact of The Merge On Institutions.” ConsenSys is the leading Ethereum software company and creator of the Metamask wallet. What Happened: The report gave an in-depth analysis of the dominance that Ethereum has held over other...

With $265,000 in funds siphoned off, decentralized exchange (DEX) KyberSwap joins the list of DeFi projects to experience a front-end attack following the Curve Finance exploit from last month. Kyber Network, the liquidity protocol on which KyberSwap is based, said the assault on its website...

There is always hope, even going into the fifth month of the crypto bear market. For those who can’t bear to keep following the prices (pun intended), we focus on following the projects of the projects themselves, which create the value. On Sept. 6, the center of that hope is the merge...

The U.S Federal Bureau of Investigation issued a new warning to investors alerting them of the increasing number of thefts in exploits related to decentralized finance. What Happened: In a tweet on Monday, the federal law enforcement agency said that cybercriminals were increasingly...

U.S. Secretary of State Antony Blinken said on Aug. 8 that the country sanctioned Tornado Cash (CRYPTO: TORN), a decentralized application on the Ethereum (CRYPTO: ETH) blockchain that allows the anonymous transfer of Bitcoin (CRYPTO: BTC). The reasoning behind it, as...

The total scam revenue in 2022 currently stands at $1.6 billion, 65% less than it was through the end of July 2021, as a result of falling exchange rates for various cryptocurrencies, a new report has revealed. Scams declined in line with the fall in Bitcoin's (CRYPTO: BTC) price According to...

A term that was introduced to the world back in 2018, decentralized finance (DeFi) expanded the possibilities of blockchain technology and cryptocurrencies by leveraging the ‘smart contracts’ ability provided by the Ethereum blockchain network. Reimagining traditional finance that...

The U.S. Treasury Department recently blacklisted the use of Tornado Cash, an open source project that allows users to hide their transactions. They claim Tornado has been used by North Korean hackers to launder over $7 billion in stolen cryptocurrency since 2019. In turn, Circle, issuers of the...

An ongoing dilemma of poor user experience has slowed growth and adoption in the Web3 ecosystem. In a recent talk with one of Harvest Finance’s community leaders, “Red,” a better understanding of the UX bottleneck was provided. While there are numerous advantages that the...

Hart Lambur, the founder of Openfolio and UMA, sat down with Benzinga to discuss the latest developments in DeFi at EthCC 5 in Paris. Most notable was the undergoing deployment of the cross-chain bridge Across that utilizes UMA’s Optimistic Oracle. The Across referral program had...

Ethereum (CRYPTO: ETH) Layer 2 scaling solution Optimism (CRYPTO: OP) has seen a massive two-day rally. What Happened: According to data from Benzinga Pro, OP rallied from $0.77 on July 27 to a six-month high of $1.77 on July 28. At press time, the token was trading at $1....

Cryptocurrencies have long been considered a hedge against inflation and a better alternative to fiat currencies that are susceptible to devaluation concerns. Most cryptocurrencies have significantly underperformed benchmark stock market indices due to liquidity pressures brought about by the...

By Lucas Malizia, DeFi Analyst at Finanflix But, first of all, what is the merge? It’s the fusion of the Beacon Chain and the Consensus Layer in order to form Ethereum’s (CRYPTO: ETH) next chapter. In very few words, it’s the switching of consensus protocols from today’...

Recent data indicate that active wallets across the Solana (CRYPTO: SOL) grew by more than 58% in 2022. What Happened: Solana’s network has been growing extensively over the past 18 months. Active wallets across the Solana network amounted to 37 million users in May and 32 million...

A recent survey undertaken by the Federal Reserve of the United States revealed the majority of the biggest banks across the U.S. do not deem cryptocurrencies and DeFi products a priority. What Happened: On July 15, results of the Federal Reserve’s survey regarding private banks and...