INS3 Brings Decentralized Coverage to Polygon with 2,700 $ITF Per Day in Rewards

September 1st, 2021, Singapore :With the most recent DeFi exploit of the Polychain Network where the white-hatted hacker eventually did return the funds, DeFi is facing an exploitation problem on the network which if kept un-checked, will slowly but surely drain the industry of all total value locked.

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INS3 Brings Decentralized Coverage to Polygon with 2,700 $ITF Per Day in Rewards

Press Release: INS3 Insurance, the provider of decentralized coverages on the Binance Smart Chain, HECO Chain, Conflux and OKExChain, is now bringing its unique coverage options and staking rewards to Polygon! September 1st, 2021, Singapore: With the most recent DeFi exploit of the Polychain Network where the white-hatted hacker eventually did return the funds, DeFi […]

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Cream Finance Exploited Yet Again, Hacker Stealing $18.8 Million in Ether and AMP

Another day, yet another decentralized finance (DeFi) hack. This time Cream Finance has been exploited for $18. 8 million. Founded by Taiwan Taiwan entertainment star Jeffrey Huang, Cream Finance is a decentralized lending protocol operating on Ethereum, Binance Smart Chain (BSC), and Fantom.

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Talking DeFi farming and ‘luxury’ NFTs with crypto thought leader Jorge Sebastio

It’s not every day that a seasoned cybersecurity player turns their back on a lucrative career spanning multiple organizations and projects, but Jorge Sebastio is exactly that. The post Talking DeFi farming and ‘luxury’ NFTs with crypto thought leader Jorge Sebastio appeared first on CryptoSlate.

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Impossible Finance DeFi Drained For $500K, Here’s How

Another day, another large-scale attack against popular DeFi protocol

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TITAN falls nearly 100% in latest Polygon DeFi exploit

Iron Finance, a decentralized finance (DeFi) project that started migrating to Polygon network in May, saw its share token Iron Titanium (TITAN) hit the bottom, fast, plummeting over 99% in less than a day.

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How (Not) To Get Rekt – DeFi Hacks Explained

The financial instruments of the crypto ecosystem are nowhere near perfect, and it applies to even some of the best projects in the DeFi space. We see rug pulls almost every day on the Binance Smart Chain, leaving millions of users hopeless.

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Belt Finance loses millions in latest BSC-based DeFi exploit

Another day, another BSC DeFi protocol gets hacked.

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The Summer’s Biggest Event Celebrating Decentralized Finance – Register now at DeFi Summit

DeFi Summit, the largest conference dedicated to decentralized finance is almost here and due to take place from June 14th to 18th 2021. Set to be the biggest event in DeFi this year, the virtual summit is free to attend and features five days jam-packed with speakers, panel sessions, fireside chats, and even a demo day […]

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BSC-based BUNNY Crashes 95.5% Following a Flashloan-based Price Manipulation Attack

Another day, another BSC-based DeFi exploit. BUNNY Finance was the latest project that was the target of a flash loan attack, resulting in the price of the token plummeting by 95. 5%. 690,000 bunnies were sold into ETH and BNB.

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DeFi Protocol bEarn Suffers $11M Flash Loan Attack

It's another day, and another DeFi flash loan exploit has reared its head. The latest victim is bEarn, which lost $11 million in stablecoins on May 16. The post DeFi Protocol bEarn Suffers $11M Flash Loan Attack appeared first on BeInCrypto.

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Adshares (ASA) Announces Multichain Strategy to Expand DeFi Offering

A few days ago, Adshares, a DPoS project from 2017 started publishing a series of articles to explain and promote the new business development roadmap. Today is a particularly unique day in the Adshares journey.

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Buterin Plugs UNI as Next Oracle Token

The DeFi space is in a constant state of change with new platforms, tokens, and services popping up every day. With the billions of dollars already being put in the industry and the greater investment to come, crypto users and investors are constantly on the lookout for the next big platform or token. Now, accordingRead More

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Finance Redefined: Never a dull day in DeFi! May 5–12

One of the busiest days of the year for DeFi featured exploits, rugpulls, protocol pivots, and more.

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Jigstack Scores $3 Million in Funding for DeFi Projects

There are few things bigger than decentralized finance (DeFi) in the blockchain world as of now. Billions of dollars are locked on various DeFi platforms and the capabilities of the technology are being explored every day.

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XRP Above $2? Why DeFi Integration Could Be Game Changer

With the biggest gains in the crypto top 10 by market cap, XRP trades at $1.88 recording a 35.9% rally over the past day. In the weekly and monthly chart, XRP is up 107% and 307% respectively. Operator Altstreet Bets has shared the chart below to indicate XRP’s price could go to $3 “without resistance”. […]

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DeFi aggregator raided by five hackers on launch day

Four malicious hackers and one white hat went to town on ForceDAO during its launch day.

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Lepricon Channels Luck of the Irish with St. Paddy’s Day Launch

Gaming is the first industry that will utilize blockchain technology to empower its community of users, an essential aspect of Lepricon’s blockchain gaming platform. Using in-game currencies, verifiably scarce items, and Defi principles, Lepricon is innovating in the space to reimagine the gaming experience, including how users can benefit monetarily from this new style of gaming.

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Orion Protocol and COTI Team Up to Increase Defi Liquidity and Drive Greater Adoption

It seems that there is no stopping the current rise of decentralized finance (DeFi). Following its surge in popularity in 2020, billions of dollars have been locked on various DeFi platforms and more use cases for DeFi are being revealed every day.

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BSC-based DeFi project Meerkat loses $31m after launch

Losing money while trading cryptocurrencies is nothing surprising or new, and every trader learns that sooner, rather than later. However, for a project to lose $31 million worth of crypto a day after launch is scandalous, at best.

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Rug Pulled on Users as DeFi Project Meerkat Finance Disappears Along with $31 Million

Just a day after the launch of the project on Binance Smart Chain, the DeFi project reported a hack, suspected to be a rug pulling, resulting in the loss of 13.96 BUSD and 73,653 BNB. The post Rug Pulled on Users as DeFi Project Meerkat Finance Disappears Along with Million first appeared on BitcoinExchangeGuide.

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Largest Binance Smart Chain Fraud: Meerkat Finance (MKAT) Rug Pulled with $32 Million Losses

Another day, another "rug pull" in DeFi corner. The team at Meerkat Finance (MKAT), BSC-based "yield farming" protocol, left with whopping $32 million in BUSD and BNB

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Rewardiqa platform takes DeFi to the next level

It’s time to say it. Our major problems are caused by the traditional banking system, which is getting worse by the day. First, there is no representation of data and financial security. Second, The post Rewardiqa platform takes DeFi to the next level appeared first on AMBCrypto.

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$24 million lost in second-largest day of DeFi liquidations

The Feb. 22 crypto market flash-crash liquidated more than $24 million worth of DeFi loans. with Compound users representing more than half of the margin calls.

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Unisawp the first DeFi to pass $100b in volume: UNI reaches $33

Uniswap (UNI) recorded a day of massive gains that brought its price above $30. What should you expect next, and should you buy some UNI now? Fundamental analysis: a confluence of factors brings UNI to $30 Uniswap (UNI) saw a major price surge on Saturday as the cryptocurrency reached $30.

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ETH Futures Contracts Launch Reveals Investor Interest in DeFi and Stablecoins

The world’s leading derivatives marketplace CME Global Group launched Ethereum futures contracts on February 8 right on schedule as announced via an earlier notice on its website. Each Ethereum futures contract represents 50ETH and CME registered 388 Ethereum contracts (19,400 ETH) by the end of the first day of trading. Digital savings and lending platform […]

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Altcoin Explorer: Matic Network (MATIC), the Leading Layer-2 Scaling Solution

Ethereum (ETH) is inarguably the de-facto smart contract platform for the majority of developers to build decentralized applications (dApps) on. Today, Ethereum is home to more than 90 percent of decentralized finance (deFi) applications and the number continues to grow bigger with every passing day.

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DeFi Project Thrives Only Two Months After Launch

The new year has started, and already, it has brought major changes to the crypto industry. Bitcoin is making new milestones every other day, and its newest record is above $40,000. Even Ethereum, the birthplace of DeFi (decentralized finance) has finally managed to climb above $1,000 for the first time in 2018. Speaking of DeFi, […]

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Pioneering Aussie engineer refinances home loan using DeFi in a single day

After hitting a wall with banks, a borrower has turned to DeFi to pay off his mortgage.

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Bridge Mutual Tops DeFi Insurance Market in One Day

This influx of funds led to an increase in hacks and exploitations against defi and centralized platforms. As a result, market participants are calling for a decentralized insurance product. Firms raced to create a usable product.

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Second layers will save the day in 2021, bolstering Ethereum and DeFi

In 2021, we’re likely to see a lot of crypto industry players adopt sidechains and parachains to provide a better experience for their users.

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How sustainable are DeFi projects?

Stablecoins were adding $100M in market capitalization nearly every day back in June 2020. When expressed in big picture terms, the cumulative market capitalization rose from $9.4B in June 2020 to $35The post How sustainable are DeFi projects? appeared first on AMBCrypto.

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Another day, another airdrop: Power DeFi users can now claim Stake DAO tokens

Multiple problems with Stake DAO's token airdrop have left some users on the outside looking in

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All the Reasons to Pay Close Attention to Chainlink

As Bitcoin consolidates, altcoins, especially DeFi coins are having a field day. Chainlink’s LINK which has been trailing new levels since the year began, is presenting itself as one of DeFi’s most promising assets.

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Arbitraging DeFi Whales Exploit Saddle Finance on Launch Day

DeFi protocol Saddle Finance was launched on Jan. 20, with the aim of alleviating the problematic spread between stablecoins and wrapped or tokenized crypto assets. Within a few hours of going live, however, whales had taken advantage of the new protocol by arbitraging for huge profits.

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Bullish? Grayscale bought $500 million worth of Bitcoin in a single day

Grayscale purchased half a billion dollars worth of Bitcoin in the last 24 hours, according to Qiao Wang, an investor at DeFi Alliance. The post Bullish? Grayscale bought $500 million worth of Bitcoin in a single day appeared first on CryptoSlate.

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Curve (CRV) erupts 50% higher in a day amid renewed DeFi interest

The majority of decentralized finance (DeFi) coins have seen extremely strong rallies since the start of 2021. The post Curve (CRV) erupts 50% higher in a day amid renewed DeFi interest appeared first on CryptoSlate.

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DeFi exchange 1inch reaches $10 billion in trading volumes

The decentralized exchange traded over $222 million in the past day alone.

The post DeFi exchange 1inch reaches $10 billion in trading volumes appeared first on CryptoSlate.

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Why this fork of the DeFi’s Yam Finance just surged 5,000% on the day

If you were around during this past summer’s decentralized finance (DeFi) boom, you likely remember the countless “food forks. ” After Yam Finance (YAM) launched in August, every project tried to copy it by making cryptocurrencies that were based on foods.

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Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum

Bitcoin is in price discovery and each day sets a new all-time high. But despite the soaring prices well above the previous record, altcoins have barely moved in comparison.  However, traditional finance will soon move profits and diversify, and when they do, one chartered financial analyst claims it’ll be into DeFi tokens, and not Ethereum […]

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Why ETH, DeFi shouldn't be ignored amidst Bitcoin's rally

Bitcoin’s latest bull run has made history, with the cryptocurrency's price touching never-before-seen levels day after day. In fact, the past 24-hours alone saw BTC surge to breach the $24,000-markThe post Why ETH, DeFi shouldn't be ignored amidst Bitcoin's rally appeared first on AMBCrypto.

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In one day, a total of $1.2 million worth of Ethereum was stolen in three DeFi “rug pulls”

The past few days have marked a renaissance in altcoin trading: previously-unknown projects on Uniswap, the leading Ethereum decentralized exchange, have been rallying by thousands of percent. The post In one day, a total of $1.

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Decentralized Insurance Markets Are Taming DeFi Risks

What will it take to get decentralized finance (DeFi) to deliver the promised land of low fee financial services owned by its users? Many DeFi users will argue that day is already here. They are enjoying 10–30 times higher interest from liquidity pools than traditional savings accounts and lending rates under 1 percent across many […]

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Bitcoin-focused DeFi protocol garners $30m in deposits in first day after $100 airdrop to thousands

Thus far, decentralized finance (DeFi) has been a trend largely focused on Ethereum. The post Bitcoin-focused DeFi protocol garners $30m in deposits in first day after $100 airdrop to thousands appeared first on CryptoSlate.

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Top DeFi Coins Maker, Aave, and YFI Correct 10% as ETH Slides

Top decentralized finance (DeFi) coins have undergone a severe correction over the past day. Leading names such as MakerDAO’s Maker (MKR), Aave’s AAVE, Yearn. finance’s YFI, amongst others, are down 10 percent in the past day.

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Decred (DCR) Surges 50%, Outperforming DeFi Coins and 2017-Era Alts

Decred (DCR) has surged seriously higher over the past day. According to Coin Gecko, a top data source in crypto, the price of the coin is up 50% in the past 24 hours. The coin is currently trading at its highest price since the 2018 crash in November of that year. DCR is up over […]

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Andre Cronje’s Yearn.Finance Confirms Fifth Partnership with DEX SushiSwap  

It’s another day and another merger for Yearn. Finance, which just notched up its fifth major collaboration in a week. In a blog post from yesterday, yearn founder Andre Cronje confirmed that the decentralized finance (DeFi) protocol had collaborated with decentralized exchange (DEX) SushiSwap.

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Aave Surges 20% as DeFi Coins Begin Resurgence, Following Ethereum Rally

Top decentralized finance (DeFi) coins such as AAVE are outperforming over the past day. While Bitcoin and Ethereum are both up massively today, AAVE is up 18.5% in the past 24 hours alone. This performance makes it the best-performing digital asset in the top 100 by market capitalization. AAVE is now up by approximately 10% […]

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Here's why the Pickle Finance hack was different from the rest

Another day, another DeFi hack. Heard that before? Probably a lot these days. Hacks and rug pulls are not uncommon in the DeFi ecosystem. And yet, the space continues to see sustained growth over aThe post Here's why the Pickle Finance hack was different from the rest appeared first on AMBCrypto.

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