DeFi News

Dogecoin hits 7-day high following XPayments creation, trader bribes way to $7M profit: Finance Redefined

• by admin
• January 28, 2024

MailerLite revealed that hackers gained control of select Web3 email accounts, which eventually led to a widescale phishing attack across the crypto ecosystem. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Trader bribes way to […]

DeFi News

How this decentralized protocol democratizes data by enabling users to build their own oracles

• by admin
• January 17, 2024

Concerns about increasing centralization plague the blockchain oracle market. A new decentralized oracle protocol addresses this by allowing anyone to deploy their own oracles. Scry, a decentralized oracle protocol, enables anyone to build independent oracles with cross-chain data lookup, addressing the challenges of centralization in the oracle market and interoperability between networks. Blockchain oracles are […]

DeFi News

Solana MEV bot bags $1.7M, CFTC eyes DeFi risk mitigation: Finance Redefined

• by admin
• January 14, 2024

Web3 applications and protocols saw 124% growth in 2023, where an average of 4.2 million UAWs interacted with these apps daily, more than double the number of users in 2022. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from […]

DeFi News

DeFi lending service raises $6.1M to improve capital efficiency

• by admin
• January 9, 2024

The funding round highlights the increasing demand for solutions to the critical challenges plaguing DeFi lending, underscoring the urgent need for innovative solutions. Altitude, a DeFi lending service that brings capital efficiency by automating dormant funds in overcollateralized loans to seek additional yield opportunities, today announced the completion of a $6.1 million seed round of […]

DeFi News

DePINs and AI positioned to be 2024 ‘power duo,’ DeFi execs predict

• by admin
• January 8, 2024

DePIN and AI technologies have been hailed as game changers across various global industries, and DeFi executives are predicting that together, they’ll be this year’s “power duo.” In 2023, decentralized physical infrastructure networks (DePINs) started gaining traction with major manufacturers worldwide to integrate physical world infrastructure with blockchain technology.  DePINs are blockchain protocols that use […]

DeFi News

A user-friendly lending protocol on the Sui blockchain drives DeFi adoption

• by admin
• January 4, 2024

Sui Network’s ability to handle high transaction volumes while maintaining low fees has attracted developers and users alike, and it is now home to one of the fastest-growing DeFi apps. Scallop, a DeFi lending protocol built on Sui, is leveraging the network’s strengths to offer a user-friendly platform for borrowing and lending digital assets. As […]

DeFi News

How user-friendly Web3 wallets bridge the gap between TradFi and DeFi

• by admin
• December 31, 2023

This multichain crypto wallet makes DeFi accessible and user-friendly, paving the way for mass adoption. Decentralized finance needs simplicity to get any interest from everyday users. StrikeX delivers a wallet with an easy-to-use mobile app to onboard more users to DeFi. The current wave of the tech revolution, with blockchain at the forefront, is changing […]

DeFi News

From Hackathon Project to DeFi Powerhouse: AMA with 1inch Network

• by admin
• December 19, 2023

The 1inch Network, a leading DeFi platform, has come a long way since its launch in 2019. Its founders share the project’s success story and the latest features that empower traders and businesses. Cointelegraph’s latest AMA covered the origins and development of the 1inch Network, a popular DeFi platform that aggregates DEXs and protocols to […]

DeFi News

Aerodrome and Velodrome DeFi platforms experience front-end hacks

• by admin
• December 11, 2023

The DeFi platforms Velodrome and Aerodrome took to social media to warn users that the front-ends for both platforms were under attack from malicious actors. The decentralized finance (DeFi) platforms Aerodrome and Velodrome reported compromises to their front ends on Nov. 28.  The two platforms posted announcements on X (formerly Twitter) stating their front ends […]

DeFi News

This DeFi platform offers advanced trading features on all EVM DEXs with Ethereum account abstraction

• by admin
• December 11, 2023

DeFi trading platforms are overcoming common barriers, such as limited functionality and centralization, to offer unparalleled functionality without compromising on security or control. goodcryptoX, a new DeFi trading platform, leverages Ethereum’s account abstraction feature to provide users with advanced trading functionality and a seamless user experience. Decentralized finance (DeFi) offers unique advantages over centralized platforms, […]