DeFi

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xToken, a beleaguered DeFi project, hacked for the second time since May

Hackers discovered a vulnerability in the smart contracts for xToken’s xSNX product over the weekend. Exposing the decentralized finance project to yet another attack. The xToken team announced on Aug. 29 that the attack had drained roughly $4.5 million from the company’s xSNX product. This allows users to gain exposure to Synthetix-based assets without having […]

celsius network

Following an independent review, the Celsius Network valued at $3.1 billion

According to new research from Alpha Sigma Capital, crypto lending platform Celsius Network is worth three times its current market capitalization, indicating the project’s massive growth potential over the next five years. Alpha Sigma Capital calculated that the crypto company has an implied value of $3.13 billion based on 2020 financials obtained from Celsius. Which […]

The ethereum virtual currency logo is displayed on an automated teller machine (ATM) at the Coin Trader bitcoin retail store in Tokyo, Japan, on Wednesday, Aug. 30, 2017. Stock of Bitcoin, the best-known digital currency, has surged 358 percent this year. While staggering, lesser-known competitors have seen even bigger gains, such as the more than 4,000 percent increase for ethereum. Photographer: Tomohiro Ohsumi/Bloomberg

Rising transaction fees for Ethereum could be a deal breaker for day traders

Until quite recently, owing to the ongoing DeFi craze, the price of Ethereum seemed to have surged overnight. Indeed, according to many analysts, the explosion of DeFi has been the top driver for growth in Ethereum. Moreover, DeFi’s Total Value Locked figures have grown from below $1 billion at the beginning of 2020 to $10 […]

Decentralized Energy is Essential to a Future for DeFi

Decentralized Energy (DeEn) leverages Ethereum’s DApps and Smart Contracts for transactions and trading of energy properties. In a paper published on July 31, Lition, a Berlin-based sustainable tech startup that introduced a blockchain-based marketplace enabling customers to choose between various energy suppliers, DeEn has the same “structure, advantages, and logic” as DeFi or Decentralized Finance. […]

Coincheck joins Japan-based exchanges GMO Coin and BitFlyer in supporting trading for Brave’s Basic Attention Token starting on July 21.

Coincheck Crypto Exchange Will Soon Offer Support for Bat Token

Cryptocurrency exchange based in Japan Coincheck will soon be offering support to BAT token holders. The virtual currency exchange will make Brave ‘s Basic Attention Token (BAT) available for trading starting on 21 July, according to Monex Group ‘s announcement on 13 July — the owner of Coincheck since its acquisition in 2018. Following the […]

User Funds Are Safe After the Confirmed Breach of Etana’s Custody

User Funds Are Safe After the Confirmed Breach of Etana’s Custody

On April 18, Etana Custody, a custody firm offering fiat financing services to Kraken’s main cryptocurrency exchange, reportedly breached. Given an unauthorized party infiltrating the Etana’s network. Also, a company spokesperson stated to reporters that there was no effect on client funds. On April 18, a widely cited memo from Etana Custody states that. “client […]

Atomic Loans Launching a Product on DeFi

Atomic Loans Launching a Product on DeFi

Atomic Loans is releasing a Decentralized Finance (DeFi) product that is likely to be the nearest to a Bitcoin (BTC) chain direct implementation. It doesn’t completely stop using an external smart contract platform, but it allows for collateral directly using Bitcoin. On April 14, the company announced it had raised $2.45 million in seed funding […]

MakerDAO governance approves USDC stablecoin as collateral

MakerDAO Governance Approves USDC Stablecoin as Collateral

The MakerDAO governance has approved the USD Coin (USDC) stablecoin as the third collateral type accepted in the Maker Protocol, according to a community post on March 17. The decision was put to an extraordinary executive vote outside of the usual weekly schedule, with the aim of urgently increasing DAI liquidity following last week’s market […]

DeFi giant MakerDAO

DeFi Giant MakerDAO Avoiding Shutdown in the Face of Tanking ETH – for Now

As Ether’s price sees record losses, MakerDAO, the biggest player in decentralized finance (DeFi) on the Ethereum network, is looking at responses including a shutdown – though that possibility remains unlikely at this point. Markets clobber DeFi Per a March 12 call in response to “Black Thursday” losses, developers and MakerDAO Foundation members weighed the […]