DeFi

Multinational banking behemoth JPMorgan Chase & Co (NYSE: JPM) has completed the first-ever cross-border transaction using decentralized finance (DeFi) on an open blockchain. The trade was facilitated by the Monetary Authority of Singapore’s (MAS) Project Guardian on Nov. 2. Project...

Metakey on Tuesday announced a partnership with Layer-1 blockchain Wire Network, to support the relaunch of the Web3 education platform, Metakademy. Metakey is a platform-neutral and interoperable Web3.0 toolmaker. The platform's main offering is a single token, which can be used to morph into...

Twitter CEO Elon Musk immediately made waves after closing the $44-billion Twitter transaction by saying the the microblogging site is working on "revamping" the blue badge verification process. What Happened: Musk said the platform will be making adjustments to the verification process,...

BitBoy Crypto founder and YouTuber Ben Armstrong pulled no punches as he ranted against the chief executives of Coinbase Global (NASDAQ: COIN) and FTX. Slamming Sam Bankman-Fried over his draft proposal for crypto regulation, Armstrong, who goes by the name...

Former FBI Special Agent Chris Tarbell said Mango Market’s $114 million alleged exploit was a "market manipulation," and not a result of the hack.  What Happened: According to the FBI agent, the hacker didn’t intend to get “into a system and get unauthorized access...

Amid mixed market moves, decentralized finance tokens posted heavy gains even as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) showed no signs of major gains or losses, in the last 24 hours. What Happened: DeFi token Balancer (CRYPTO: BAL) was up by...

The hacker behind the Mango market exploit that drained $117 million, revealed his identity on Twitter calling his actions “legal” and “a highly profitable trading strategy”.  What Happened: The hacker identified as Avraham Eisenberg called...

Mango, a Decentralised Finance (DeFi) platform has been exploited by hackers for over $100 million, marking the second such unauthorized break-in this week.  What Happened: The DeFi platform tweeted it is “currently investigating an incident where a hacker was able to drain...

You don’t have to be a fully-fledged decentralized finance (DeFi) startup like AshSwap or Curve Finance to enjoy the benefits of DeFi. Financial integration to the blockchain helps strengthen a company’s technology stack while raising capital. Incorporating elements of DeFi as a...

Most projects in Web3 would agree that 2022 is not a strong year for crypto, with a rather chilly bear market hitting DeFi particularly hard, several notable disasters including the Terra Network collapse, a would-be rug pull from SushiSwap founder and nearly $1.7 billion in crypto stolen...

The decentralized autonomous organization (DAO) MakerDAO, which is behind the stablecoin Dai (CRYPTO: DAI), has set aside $500 million to invest in corporate and U.S. Treasury bonds. The money will come from its overcollateralized stablecoin, with 80% going to investment-grade corporate bonds and...

Uniswap Labs, a DeFi firm that contributes to the Uniswap (CRYPTO: UNI) protocol, is in discussions with several investors to fund an equity round of $100 million to $200 million in a bid to diversify its offerings and develop its decentralized finance capabilities Uniswap Labs is...

Crypto and decentralized finance is not nearly as obscure as many traditional investors will have you believe. On the contrary, DeFi and token technology has been embraced by some of the world’s most innovative companies, if not silently. The original obscurity and nerves by some to get...

The Layer 1 DeFi leader is Ethereum (CRYPTO: ETH), but the second largest might surprise you if you aren't in the know. That's because Cosmos (CRYPTO: ATOM) does things a little differently, with a system that connects the Cosmos Hub to hundreds of application-specific blockchains...

Automated market maker Wintermute, which was hacked of $160 million worth of funds, has told the hacker to return the stolen funds or face legal consequences. In an on-chain message sent to the hacker on Thursday, Wintermute warned whoever it was to accept a $16 million white-hat bounty...