DeFi

France's premier financial market authority, the Autorité des Marchés Financiers (AMF), has voiced its support for internationally harmonized regulations governing decentralized finance (DeFi). In a discussion paper, the AMF revealed its initial conclusions regarding the...

An intriguing move was made by a wallet believed to be owned by Michael Egorov, the creator of Curve Finance, with the wallet deposited an eye-popping 38 million Curve DAO (CRYPTO: CRV) tokens, valued at around $24 million, into Aave (CRYPTO: AAVE), a decentralized lending platform. On-chain...

Leading marketplace Binance is launching an innovative function called Binance NFT Loan that enables owners of digital assets to utilize their NFTs as collateral to get ETH loans. With the help of this new service, users will be able to borrow cryptocurrency using their blue-chip NFTs,...

Coinbase Global Inc (NASDAQ: COIN)-backed blockchain network Base is preparing for an impending mainnet launch, subject to a few key prerequisites being achieved. Base, which is focused on ensuring a secure network, announced the mainnet launch is contingent on proven testnet stability, a...

Zero-knowledge startup Lagrange Labs on Thursday announced a pre-seed funding round of $4 million to boost its proprietary zero-knowledge proof system. The round, led by 1kx, included Maven11, Lattice Fund, CMT Digital, and Daedalus Angels, among others. The company in an emailed...

Amid a significant increase in crypto-related crime over the past four years, Eun Young Choi, the newly appointed head of the Department of Justice's (DOJ) cryptocurrency enforcement division, has pledged to fortify the crackdown on illicit activities in the digital asset sector. This...

The U.S. Securities and Exchange Commission (SEC) has chosen not to include its previously proposed definition of "digital assets" in the finalized hedge fund reporting rules. The agency is still considering the term and will not adopt it in the current rule, The Block reported. The SEC...

With a $2 billion valuation, the highly anticipated Layer 1 blockchain Sui (CRYPTO: SUI) debuted its mainnet on Wednesday. Sui will go up against Facebook spinoff Aptos (CRYPTO: APT) and other significant decentralized financial (DeFi) companies. The token's price is currently $1.26,...

Kyber Network, a popular decentralized finance (DeFi) protocol, warned users of a possible security vulnerability in its Elastic platform, urging them to withdraw their funds as a precautionary measure. The team assured users that investigations are ongoing and no user funds have been lost. The...

An early version of the DeFi protocol Yearn Finance, known as iearn, experienced an exploit today, resulting in a loss of $11.6 million, reported PeckShield. The attacker obtained a variety of stablecoins, including (CRYPTO: DAI), (CRYPTO: USDC), (CRYPTO: BUSD), (CRYPTO: TUSD), and (CRYPTO: USDT),...

Projects in decentralized finance, or DeFi, may have to meet governance and security norms or incorporate them, as regulators look to extend proposed cryptocurrency laws to cover more diffuse structures, according to a report by the French central bank. What Happened: As regulators...

A survey conducted by the Pew Research Center has revealed that approximately two-thirds of all U.S. adults do not trust cryptocurrencies. Among the 88% of Americans who have heard of cryptocurrencies, 75% do not believe that the current methods for investing, trading, or using cryptocurrencies are...

Cryptocurrency derivatives and copy trading platform Bitget on Monday announced the launch of its Bitget Web3 Fund, investing an initial $100 million in the fund to support the development of the next generation of cryptocurrency projects. The fund said it will seek out VCs and projects...

Decentralized finance (DeFi) services are increasingly becoming a national security concern in the U.S. due to their vulnerability to large-scale thefts and cyberattacks, according to the U.S. Department of the Treasury. A combination of factors, including the aggregation of funds, lack of...

Despite Bitcoin's (CRYPTO: BTC) recent price recovery — crossing the 29,000 mark earlier this week — the cryptocurrency market is still facing challenges. One major issue is the low liquidity risk that was exposed due to the closure of Silvergate's (NYSE: SI) SEN...