Tagged: decentralized finance

DeFi and Crypto Security Incidents Report: Significant Number of Hacks, Malicious Activities Occurred within Blockchain Sector in Nov 2023

Based on the insights from the SlowMist Blockchain Hacked Archive, the month of November 2023 was marked by “a significant number of security breaches within the blockchain sector.” In total, 47 distinct incidents were recorded, “cumulatively leading to a substantial loss estimated at around $349… Read More

Matthew Commons of Verified USD Foundation: Blockchain Professional Reveals Challenges Facing Legacy Stablecoins and Development of DeFi

We recently connected with Matthew Commons, President of the Verified USD Foundation, which aims to facilitate seamless, equitable and transparent on-chain and off-chain transactions within the Web3 ecosystem, backed by the Verified USD (USDV) stablecoin. Commons reportedly comes with more than a decade of blockchain… Read More

Injective DeFi Report: Majority of Crypto Trading Activity Focused on Long-Term Holding Strategy

Injective, the blockchain built for finance, published its DeFi Trader Survey 2023. The research draws from various cryptocurrency trading communities, “aiming to provide a comprehensive understanding of how professionals and amateurs approach cryptocurrency trading, their motivations, and valuable lessons for the wider trading community.” Most… Read More

DeFi Adoption: Neo Unveils Ethereum Virtual Machine (EVM) Compatible Sidechain

Neo, the open-source, community-driven blockchain platform, revealed that development is underway on a new EVM-compatible sidechain that will enable developers “to deploy smart contracts, and open the Neo ecosystem up to a wide range of trading-specific use cases such as DeFi.” As a separate blockchain… Read More

DeFi Adoption: Oku, the Crypto Trading Terminal Powered by Uniswap v3, Integrates with zkSync Era, an L2 Ethereum Scaling Solution

GFX Labs, the creators of Oku, the DeFi trading terminal powered by Uniswap v3, are pleased to announce their integration with zkSync Era, a Layer 2 scaling solution for Ethereum. This collaboration brings efficient DEX trading “to zkSync, along with the charts and analytics that… Read More

Project Atlas: BIS, De Nederlandsche Bank, Deutsche Bundesbank to Create Data Platform to Determine Macroeconomic Relevance of DeFi

BIS, De Nederlandsche Bank and the Deutsche Bundesbank are creating a data platform that has potential to shed light on the macroeconomic relevance of crypto-asset markets and decentralized finance (DeFi). Project Atlas combines on- and off-chain information, “creating a layered approach to data vetting and… Read More

Blockchain Firm SlowMist and Struct Finance to Enhance Security Across DeFi Ecosystem

In the DeFi realm, while innovation and opportunity are definitely arising, significant potential risks prevail, according to an update from SlowMist. SlowMist explains that addressing these challenges demands “an active and evolving security approach, parallel in its dynamism and comprehensiveness to the ecosystem it aspires… Read More

Institutional-Grade DeFi Platform, Avantgarde, Appoints New Portfolio Management Specialist

Institutional-grade DeFi platform, Avantgarde, has appointed portfolio management specialist Ainsley To as head of asset management. Avantgarde is known for building and “maintaining the world’s first on-chain asset management protocol, Enzyme.” Appointed to research, design, and manage Avantgarde’s on-chain strategies, To brings a wealth of… Read More

Digital Assets: Helix Institutional Launches to Provide On-Chain Derivatives Trading

Helix, the decentralized orderbook exchange built on Injective, announces the launch of Helix Institutional, enabling the trading of DeFi derivatives products in a permissioned, KYC-enabled environment. This initiative aims “to usher in a new era of decentralized trading for prominent institutions, allowing them to access… Read More

Decentralized Finance: Maple to Establish DeFi, Traditional Finance Services with Lending Marketplace

The funding initiates a multi-year, comprehensive growth roadmap designed to see Maple establish itself beyond DeFi and into the world of traditional finance “as a lending marketplace and technology provider.” As noted in a blog post, Maple has closed “a $5 million strategic funding round.”… Read More

Coinbase incubated Blockchain Base to Offer 1inch Users Access to Deeper Liquidity, Lower Transaction Costs

The expansion to this new Coinbase-incubated blockchain is set to offer 1inch users access to deeper liquidity, lower transaction costs and higher speeds. Continuing its expansion across the DeFi space, the 1inch Network is glad to share that the 1inch Aggregation Protocol and the 1inch… Read More

DeFi Adoption: Elusiv Introduces Private Swaps on Solana, Adding Privacy to Solana’s Ecosystem

Elusiv, a privacy protocol building Web3’s universal encryption layer for a secure decentralized world, has launched the first Private Token Swaps on Solana. Now available via the Elusiv Web App, the Private Token Swap functionality “allows users to exchange assets without disclosing private information about… Read More

DeFi Adoption: Ellipsis Labs Raises $3.3M Seed Round Led by Electric Capital

Led by Electric Capital, Ellipsis Labs’ $3.3M seed round also saw contributions from Robot Ventures and Anagram. Notable angels in this investment round “include Anatoly Yakovenko, CEO of Solana Labs, Marc Boiron, CEO of Polygon Labs, and Keone Hon, CEO of Monad Labs.” Ellipsis Labs… Read More

Regtech 0xKYC, a Developer of Permissionless Identity Solutions, Partners with Hinkal Protocol, a Privacy-focused DeFi Platform

A “significant” advancement has been made in the decentralized finance (DeFi) sector as 0xKYC, a developer of pioneering permissionless identity solutions, joins forces with Hinkal Protocol, a privacy-focused DeFi platform. This partnership marks a thoughtful integration of compliance and privacy, creating an environment “where private… Read More

Digital Assets: Enclave Markets Bring Confidential Trading to Talos Traders

Enclave Markets, which claims to be the world’s first fully encrypted exchange (FEX) that combines the best parts of centralized and decentralized finance, announced it has integrated with Talos, the provider of institutional digital assets trading technology. Eligible Talos clients will now be “able to… Read More

Locus Finance Founder Iakov Levin: Finance Professional Comments on Midas Closure, Lessons Learnt from Bankruptcy

  We recently caught up with the former CEO of Midas Finance, who built a $300 million crypto-fund that has gone bankrupt with the CeFi market collapse and who claims he has taken all his lessons with him to revive growth back into DeFi with… Read More

Web3 Adoption: Blockchain Platform Telos Partners with Open Ocean, a Decentralized Exchange (DEX) Aggregator

Telos announces its partnership with Open Ocean, which claims to be one of the widest reaching decentralized exchange (DEX) aggregators in Web3. From swaps and gas-free limit orders to its powerful v3 API, OpenOcean is “an ‘all-in-one’ crypto-companion every crypto user and platform needs.” Through… Read More

Decentralized Finance: DeFi Lending Offers Certain Benefits, But Also Poses Risks, Report Explains

Tanay Ved, Lucas Nuzzi & the Coin Metrics team have examined the various features and risks associated with DeFi lending in an extensive report. The researchers at Coin Metrics noted that “over the years, the digital asset ecosystem has spawned diverse use-cases.” Among them, decentralized… Read More

Web3 Adoption: Spearbit Raises Funding to Launch Cantina, a Marketplace for Web 3 Security Audits

Spearbit, a smart contract audit and security solutions firm with clients such as Polygon, OpenSea, Optimism and more, announced that it “has raised a $7 million funding round led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi)… Read More

Decentralized Finance: Chainlink Price Feeds Live on Base to Unlock DeFi Ecosystem Growth

Chainlink Price Feeds are live on Base—a fast and “highly scalable” layer-2 blockchain incubated by Coinbase and secured by Ethereum. With this integration, developers building on Base can “have access to industry-standard Chainlink Data Feeds and other web3 services.” The native integration of Chainlink Price… Read More

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