- Cryptonews

BIS Sees ‘Important Role’ for DeFi, Pushes for Increased Regulation

A new report from the Bank for International Settlements (BIS), sometimes called the central bank of central banks, has come to a somewhat unexpected conclusion that decentralized finance (DeFi) could play “an important role” in the traditional financial system - but warned about...

, by Fredrik Vold

Badger DAO Appears to Have Lost Over USD 120M in an Attack

Badger DAO, a decentralized autonomous organization (DAO) that enables bitcoin (BTC) to be used as collateral across decentralized finance (DeFi) applications, has fallen victim to an exploit. It was originally speculated that the project has lost over USD 10m worth of cryptoassets....

, by Ruholamin Haqshanas

MonoX Team Confirms Exploit, USD 30M+ Might Be Stolen

Around USD 31m seems to have been stolen from decentralized finance (DeFi) platform MonoX.In what has become just one in a string of DeFi hacks, a variety of coins from the platform have been stolen, including USD 10.5m in polygon (MATIC), USD 18.2m in wrapped ethereum (WETH), USD 2m in...

, by Sead Fadilpašić

Tokens.com Buys USD 2.8M Worth of Virtual Land in Upcoming Fashion District

Tokens.com, a publicly-traded company that invests in revenue-generating digital assets, has acquired 116 parcels of virtual land within Decentraland's metaverse, which is reportedly the largest metaverse land acquisition to date.Each parcel corresponds to 52.5 square feet of virtual land, making...

, by Ruholamin Haqshanas

Half of Uniswap’s Liquidity Providers See Negative Returns, Study Claims

Half of all users who provide liquidity on the third version of the decentralized exchange Uniswap are seeing lower returns than they would have if they simply held tokens in their own wallet, a new study claims. According to the study, the negative returns for users are due to the trading fee...

, by Fredrik Vold

With Over USD 40M Raised, DAO is On the Cusp of Buying a Copy of US Constitution

ConstitutionDAO, a decentralized autonomous organization (DAO) that was formed to pool funds in an effort to bid on a rare, first-edition printed copy of the US Constitution, has raised over USD 40m - two times more than the auction house Sotheby’s upper estimate.The document is one of only...

, by Ruholamin Haqshanas

DeFi Industry Must Tackle Lack Of Transparency, Pseudonymity: SEC Commissioner

US Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw identified two specific structural problems that the decentralized finance (DeFi) industry needs to address: a lack of transparency and pseudonymity.“I recognize it is not the SEC’s role to prevent all...

, by Jaroslaw Adamowski

bZx Loses Over USD 55M, USD 100M Gaming Plan For Solana + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________DeFi newsDeFi lending protocol bZx (BZRX) once again lost its funds. The team confirmed that, on Friday, "it appears that the...

, by Linas Kmieliauskas

Google’s Parent Increases its Crypto Bet by Joining Massive DCG Investment Round

Google’s parent company Alphabet is taking another step into the world of crypto by joining a new funding round for Digital Currency Group (DCG), the owner of Grayscale Investments, which increased DCGs market valuation to USD 10bn.The funding round, which was led by the major Japanese...

, by Fredrik Vold

FATF Wants to ‘Gut’ DeFi with ‘Vague’ New Guidelines, Say Crypto Players

The crypto community has issued a withering response to the latest updated Financial Action Task Force (FATF) guidance, issued yesterday – with one lamenting that the document is “so bad that it makes the [American] infrastructure bill look reasonable.” Most appear particularly...

, by Tim Alper

Cream Finance Suffers Another Exploit as Attacker Runs Away With USD 100M+

Ethereum (ETH)-powered decentralized finance (DeFi) project Cream Finance (CREAM) suffered another flash loan attack as the attacker reportedly stole more than USD 100m worth of tokens.Blockchain analytics and security firm PeckShield flagged the attacker's address, while Cream finance confirmed...

, by Linas Kmieliauskas

FATF’s New Guidelines Drop Next Week, Will Tackle Stablecoins, NFT & DeFi

The Financial Action Task Force (FATF) will publish its updated guidelines on crypto sector policing next week – and will broaden its scope to include stablecoins, peer-to-peer (P2P) platforms, non-fungible tokens (NFTs), and decentralized finance (DeFi).The body also wants to see evidence...

Four Steps Banks Need To Take To Prepare For Crypto, CBDC Disruption

The world’s banks should brace themselves for the new era of decentralized finance (DeFi) by preparing the necessary technology to maintain and exchange cryptoassets and central bank digital currencies (CBDCs), according to a recent report by blockchain company Cypherium and the Boston...

, by Jaroslaw Adamowski

DeFi on ‘Path to Recovery’ After Strong Quarterly Growth

The decentralized finance (DeFi) sector is “on the path to recovery,” with DeFi-related tokens having increased their share of the total crypto market valuation from 4.7% last quarter to 5.8% this quarter, a new report from crypto tracking site CoinGecko said.According to the report,...

, by Fredrik Vold

South Korean Regulator Says DeFi and NFT Regulations Are Coming

South Korea’s crypto industry is braced for another round of potentially restrictive regulations – with a financial regulatory chief hinting that, fresh from subjecting crypto exchanges to some of the most restrictive regulations in the world, the decentralized finance (DeFi) and...

, by Tim Alper

Senator Invests in Bitcoin, yearn.finance Goes Multichain, New Ad From FTX + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Investments news US Senator Cynthia Lummis disclosed the purchase of bitcoin (BTC) worth USD 50,001-100,000 in a filing....

, by Linas Kmieliauskas

DeFi News (Page 48)

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