DeFi


Tech

BNB Chain to Tackle Blockchain Exploit Risks in Major July Hard Fork

The upgrade will push security measures immediately on the occasion of a blockchain exploit to safeguard user assets.

(Unsplash)

Policy

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi

Last year’s prominent U.S. crypto legislation from a bipartisan pair of senators is back for a reboot that imagines a less prominent role for the SEC than Chair Gary Gensler has in mind.

U.S. Senator Cynthia Lummis (R-Wyo.) is one of the lawmakers asking for more information after the SEC's X account was compromised on Tuesday. (Shutterstock/CoinDesk)

Tech

Cross-Chain Protocol Axelar to Develop Web3 Services With Microsoft Azure

Axelar said further plans with Microsoft include connecting private and public blockchains that use OpenAI services to create Web3 products.

(Shutterstock)

Tech

Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum

Gho has been available on the Ethereum blockchain’s Goerli testnet since February, where it has functioned without encountering any major bugs.

Aave means ghost in Finnish. (Unsplash modified by CoinDesk)

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Finance

DeFi Protocol Holding 55% of Algorand Value to Shut Down

Algofi will close following a sharp drop in activity on the Algorand blockchain.

A table surrounded by eight empty chairs. (Nastuh Abootalebi/Unsplash)

Opinion

What Mastodon’s Critical Bug Fixes Say About Crypto’s Security Vulnerabilities

Crypto protocols are often multi-billion dollar bug bounties, for better or worse.

(Mastodon)

Policy

BOND Token Slumps 10% as BarnBridge Faces SEC Investigation

“All work on BarnBridge-related products should stop,” an appointed legal counsel said in a Discord message viewed by CoinDesk.

Chairman for the U.S. Securities and Exchange Commission Gary Gensler. (SEC, modified by CoinDesk)

Tech

Exploit of Fantom, Moonriver and Dogechain Crypto Bridges Confirmed by Multichain Team

“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday.

Cypher Protocol suffers exploit (Clint Patterson/Unsplash)

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Tech

Blockchain Project Interlay Wants its New Platform to Become a ‘One-Stop-Shop for Bitcoin DeFi’

“We've only seen the tip of the iceberg with bitcoin DeFi today,” said Interlay CEO and Co-founder Alexei Zamyatin in an exclusive interview with CoinDesk.

Interlay founders Dominik Harz (left) and Alexei Zamyatin (right) (Interlay)

Tech

Ethereum-Based Yield Powerhouse Pendle Finance Expands to BNB Chain

Pendle offers users yields in the form of tradable digital tokens, with some strategies offering as much as 82% annualized yields on ether (ETH) and ether derivative tokens.

Decentralized network. (Shubham Dhage/Unsplash)