DeFi

The amount of money lost in hacks of decentralized financed (DeFi) projects more than doubled to $1.3 billion in 2021. “State of DeFi Security” research report had highlighted the same concern. This marked a 2500% increase from 2020. Well, here’s an addition to the 2022 tally. The seventh-largest crypto exploit Binance Smart Chain-based Qubit Finance,Continue reading “BSC-based Qubit Finance suffers major attack, loses $80 million from pool funds”

Decentralized oracle network Chainlink evidently had a great run in 2021, much like a lot of the leading decentralized finance (DeFi) applications. Its many partnerships over the past year have made it one of the most integrated networks in the space, with over 700 oracle networks, and it is showing no signs of stopping. AsContinue reading “Lending Platform Celsius latest to integrate Chainlink’s Proof of Reserve system”

Crypto crime can be a controversial subject, as the often unregulated nature of the asset makes it easy to accuse investors and entrepreneurs of money laundering – while missing out on real scammers and criminals. That said, Chainalysis’ new report shines a light on crypto crime trends in 2021, revealing a number of surprises. Scrubbing outContinue reading “Chainalysis report reveals $8.6 billion in crypto laundered in 2021, more than 2020”

Despite the fact that a bear market might be taking over, fund managers remain hopeful about the crypto-space in the long-term. In fact, the most recent report by Cathie Woods’ ARK Investments has claimed that both Bitcoin and Ethereum have trillion-dollar futures lying ahead, owing to their continued growth in utility. Hope for Ethereum #BigIdeas2022Continue reading “Ethereum ‘likely to capture a portion of the $123 trillion global money supply’”

The recent lull in cryptocurrency market prices has been felt across all sectors in the industry, but decentralized finance might be in for an especially harrowing time, according to experts at DApp Radar. All major cryptocurrencies including Bitcoin and Ethereum witnessed double-digit losses over the past week, and experts fear that a bear market hasContinue reading “Can ‘DeFi Winter’ really wipe out 80% dApps from the market”

Touted as the poster child of Ethereum killers during most of 2021, blockchain network Solana‘s reign has been increasingly infested with network outages and performance issues recently. It suffered one of its slowest bouts amidst the crypto market crash-induced network congestion last week, leading to failed transactions and suspended withdrawals on the network. Interestingly, SolanaContinue reading “Divided opinions over Solana’s viability as an ‘Ethereum killer’ amid repeated outages”

Fantom (FTM) has been in full swing in terms of price action and Total Value Locked (TVL) for the past couple of weeks. The project has managed to gain a whopping 25% surge in 24 hours. With a 35% surge in the trading volume, the FTM price was trading at $2.35 at the press time. Needless toContinue reading “Fantom flips BSC to become third largest DeFi protocol in terms of TVL”

Cardano finds itself in the middle of an ongoing feud on Twitter. Two projects built on the Cardano blockchain are at each other’s throats, with both accusing the other of foul play. What’s the deal?  Cardstarter and SundaeSwap are the involved parties here. Cardstarter is a launchpad and accelerator platform that enables project access forContinue reading “‘Get your sh*t together’ – Cardano’s Hoskinson on this evolving feud”

Uniswap, the decentralized liquidity provision protocol on Ethereum, saw a volatile quarter in the crypto-market last year. With 2022 seeing the market lean towards the bears, what can we expect from Uniswap going forward? A recent report by Messari noted some key parameters for Uniswap in Q4 2021, parameters that marked the end of aContinue reading “Here’s where Uniswap might be heading after a volatile last quarter”