DeFi

Decentralized finance staking service Lido (CRYPTO: LDO) announced it will end its staking program on the Polkadot (CRYPTO: DOT) and Kusama (CRYPTO: KSM) blockchains on Aug. 1, as stated by a recent blog post by the pseudonymous Lido developer MixBytes. MixBytes cited several reasons for...

Multichain wallet BitKeep has fully compensated users affected by the 7.2.9. Android Package Kit (APK) exploit that occurred on Dec. 26, 2022. The update was maliciously swapped by hackers, resulting in an estimated $8 million loss of funds from users who downloaded the malware. According to...

About $16.7 billion in cryptocurrencies was stolen between January 2011 and February 2023, highlighting growing illegal activity in the cryptocurrency and DeFi markets, according to a report. DeFi Hacks On The Rise The study conducted by Crystal Blockchain, which covered ...

European Parliament officials will meet on March 28 to vote on the wording of an anti-money laundering bill. The digital assets industry had expressed concerns about the bill, prompting policymakers to return to the original phrasing regarding commercial payments, The Block reported. One provision...

Cryptocurrency exchange Bitget has acquired a controlling stake in BitKeep, a cryptocurrency wallet provider, with an additional $30 million investment at a $300 million valuation. What Happened: According to a statement from Bitget, the acquisition is an important move that will allow the...

Cryptocurrency asset management firm 21Shares shut down five exchange-traded products (ETPs) and delisted another as investor demand declines. The move comes as digital tokens struggle amid the Federal Reserve's efforts to control inflation and as the cryptocurrency space faces multiple...

DeFi protocols lost $386.2 million in 41 separate oracle manipulation attacks in 2022, according to a recent research report. These attacks occur when bad actors manipulate the price oracles that DeFi protocols use to ensure assets on their platforms are priced in accordance with the wider...

Many investors want to rid themselves of crypto investments following the FTX collapse.  The macroeconomic conditions have proven discouraging as well. However, there is opportunity in the chaos. The FTX failure was not a failure of crypto, rather, it was a Ponzi scheme that could have...

The token of liquidity protocol Rook (CRYPTO: ROOK), has surged by 23% due to speculation that Zhu Su and Kyle Davies, founders of Three Arrows Capital, have completed a $25 million fundraising effort for their bankruptcy claims exchange. Decentralized finance (DeFi) researcher Ignas fueled...

Good Morning Everyone! Over half of US mortgages were originated in 2020 or later, including refinances. Think anyone with a 3% mortgage locked in is going to sell anytime soon? Prices as of 4 pm EST, 3/3/23; % YTD MARKET UPDATE This week Tuesday: Jerome Powell speaks at 10 a.m. - Senate panel...

Days after Platypus suffered major exploitation resulting in a loss of $9.1 million from three separate attacks, the decentralized-finance (DeFi) protocol announced a minimum of 63% of the funds would be distributed to users, regardless of any further update on fund recovery. What...

The U.S. Securities and Exchange Commission (SEC) recently charged Kraken for offering its staking as a service program as an unregistered security. This has prompted concerns among market analysts and experts about the possibility of a multipronged regulatory crackdown on the cryptocurrency...

Digital real estate platform Roofstock announced on Friday the successful sale of a rental property in Alabama through a non-fungible token (NFT) enabled by Roofstock onChain (ROC), its Web3 subsidiary. What Happened: The transaction was settled via an NFT marketplace on the Ethereum (...

Cybercriminals had a record-breaking year in 2022, stealing an estimated $3.8 billion in digital assets, according to a new report from blockchain forensics firm Chainalysis. What Happened: The report states that cybercriminals made DeFi platforms their primary target in 2022, accounting for $...

Layer 1 blockchain Injective launched a $150 million ecosystem fund to “accelerate developer adoption” for optimized financial applications. What Happened: Injective’s new fund is supported by notable Web3 and traditional finance organizations which the company said...