DeFi

July 25, 2023

Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses

The two protocols will implement a standard for issuers to control the “canonical” minting of tokens, helping to reduce losses from unofficial bridges.   Connext, a […]
July 21, 2023

Coin Center and Blockchain Association slam ‘unworkable’ US Senate DeFi bill

Coin Center said the bill was unconstitutional, while the Blockchain Association called it incompatible with blockchain technology.   On July 20, crypto industry advocacy bodies, Coin […]
July 17, 2023

AnubisDAO’s rug-pulled 13.5K ETH washes away on Tornado Cash

After almost two years, the stolen 13,556 ETH, worth nearly $60 million at the time, amounted to almost $26.2 million at the time of writing.   […]
July 10, 2023

DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455K

A loophole in the code allowed the hacker to drain funds worth roughly $455,000 from Arcadia’s Ethereum and Optimism vaults.   Arcadia Finance, a noncustodial decentralized […]
July 07, 2023

European trade body warns against the exclusion of DeFi from MiCA

The trade body recommended creating a taxonomy for the DeFi ecosystem and a consistent regulatory framework along with different levels of centralization.   The Association for […]
June 16, 2023

CEX features and simplicity come to DeFi: Here’s how

This decentralized ecosystem aims to simplify DeFi by providing a user-friendly experience and a fiat gateway while preserving self-custody.   DeFi project aims to address the […]
June 13, 2023

DeFi protocol Sturdy Finance offers $100K bounty to hacker if funds are returned

Sturdy Finance founder Sam Forman said the company will not pursue the issue any further if the hacker accepts the offer and returns the remaining funds. […]
June 09, 2023

Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges

DEXes are not securities exchanges, argues crypto venture firm Paradigm.   Crypto venture capital firm Paradigm has criticized the United States Securities and Exchange Commission (SEC) […]
June 05, 2023

DeFi aggregation: Paving the way for mass adoption

The DeFi revolution is transforming our financial landscape and empowering everyday people to take back control over their assets.   The DeFi (Decentralized Finance) revolution is […]

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