Tagged: defi

March 31, 2025 @ 9:31 pm By Omar Faridi  |  

The decentralized finance (DeFi) community was once again rattled by a significant security breach targeting Magic Internet Money (MIM), a USD-pegged stablecoin issued by the Abracadabra protocol. According to an in-depth analysis by CertiK, a blockchain security firm, the exploit resulted in the loss of… Read More

March 30, 2025 @ 7:48 pm By Omar Faridi  |  

Chainlink, the “standard” for onchain finance, BGD Labs, a Web3 development initiative focused on the Aave ecosystem, and Aave Chan Initiative, one of the forces behind the Aave protocol, announced that the Aave DAO community has integrated Chainlink Smart Value Recapture (SVR) on Ethereum (ETH)… Read More

March 21, 2025 @ 10:25 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has dramatically changed its position regarding digital assets following the change in administration with President Donald Trump’s election. The Commission is now controlled by Republicans, who typically are more supportive of innovation and entrepreneurship. This includes financial services. Previously,… Read More

March 16, 2025 @ 5:07 pm By Omar Faridi  |  

OpenEden, a Real-World Asset (RWA) tokenization platform, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve (PoR). OpenEden Digital (OpenEden) leverages Chainlink’s Cross-Chain Token (CCT) standard are to provide USDO with “cross-chain interoperability and real-time verifiable data on the Ethereum and Base mainnets.”… Read More

March 14, 2025 @ 3:27 pm By Omar Faridi  |  

MoonPay is pleased to announce our strategic acquisition of Iron, which is described as an API-first stablecoin infrastructure platform. The acquisition is said to significantly expand their product and business offerings, enabling companies to: manage multi-currency treasuries facilitate instant cross-border payments generate new revenue through… Read More

March 14, 2025 @ 10:47 am By Omar Faridi  |  

Bitcoin Suisse is pleased to announce a new partnership with Haven1, an EVM layer-1 blockchain with a native Web3 app store. Bitcoin Suisse will now reportedly join Haven1 as a validator to help the project further decentralize its network and strengthen its overall security infrastructure…. Read More

March 12, 2025 @ 9:24 am By Tony Zerucha  |  

While the cryptocurrency industry is experiencing growing pains (with many self-induced), Flipster head of product Youngsun Shin said that is expected for a new sector. However, he does have solutions for many of its problems. Flipster is a cryptocurrency trading platform that offers high-speed, secure,… Read More

March 9, 2025 @ 12:53 pm By Omar Faridi  |  

Layer 1 blockchain Sui unveiled a collaboration with World Liberty Financial, a Donald J. Trump-inspired decentralized finance (DeFi) protocol, which is said to be rooted in their shared vision for a “more open and transparent” financial ecosystem. As WLFI and Sui begin to explore product… Read More

March 8, 2025 @ 10:22 am By Omar Faridi  |  

Maple Finance announced that Bitwise Asset Management, a crypto specialist asset manager with $12B+ in client assets, has made its  institutional allocation leveraging DeFi through Maple, a key milestone in the adoption of on-chain credit by institutional allocators. This marks a pivotal step as institutional… Read More

March 7, 2025 @ 9:14 am By Omar Faridi  |  

Binance announced support for the Global Fintech Institute (GFI) to advance fintech education, professional development, and innovation. This collaboration aims to equip professionals with the skills needed to succeed in an era defined by artificial intelligence (AI), blockchain, and evolving financial regulations. As part of… Read More

March 6, 2025 @ 10:10 am By Omar Faridi  |  

On March 4, 2025, the U.S. Senate voted 70-27 to repeal an IRS rule that would have potentially imposed very stringent reporting requirements on decentralized finance (DeFi) platforms, categorizing them as “brokers” under existing US tax laws. This decision, driven by a bipartisan coalition and… Read More

March 4, 2025 @ 10:45 am By Omar Faridi  |  

As sustainable finance and financial inclusion continue to gain traction on a global scale, technology-powered solutions leveraging blockchain and Web3 are playing a key role in addressing traditional financial challenges. As part of this movement, Swiss blockchain company Fedrok AG, says it has been actively… Read More

March 3, 2025 @ 1:32 pm By Omar Faridi  |  

Coinbase One aims to create the “ultimate” crypto membership – one that has various benefits in the Coinbase app, and also extends to the broader ecosystem. Coinbase (NASDAQ:COIN) noted this product will be rolled out fully over the next few days. As explained in a… Read More

February 28, 2025 @ 8:53 am By Omar Faridi  |  

Blockchain ecosystem Cronos has reportedly unveiled a service enabling users to withdraw funds easily to a personal prepaid card. Facilitated through a partnership with Crypto.com, the feature is a key milestone in bridging decentralized and traditional finance. By connecting their web3 non-custodial wallet on Cronos… Read More

February 24, 2025 @ 12:08 pm By JD Alois  |  

ByBit, one of the largest crypto exchanges in the world, may now claim to be the victim of the largest crypto hack ever, with over $1.5 billion in value. ByBit is a centralized exchange, which one crypto executive says is emblematic of why a “CEX”… Read More

February 22, 2025 @ 6:02 pm By Tony Zerucha  |  

The recent $LIBRA memecoin debacle is the latest in a long list of lessons in how the cryptocurrency industry needs to shape up if it is to see more widespread acceptance. Chris Chung, founder of Solana-based swap platform Titan, said the crypto industry must call… Read More

February 21, 2025 @ 7:15 am By Omar Faridi  |  

Figure Markets, a platform for decentralized finance (DeFi), has recently launched the first interest-bearing stablecoin native to a public blockchain registered with the Securities and Exchange Commission. YLDS, described as a public security offered through Figure Markets’ wholly owned subsidiary, Figure Certificate Company, is “a fixed-price,… Read More

February 19, 2025 @ 12:55 pm By Omar Faridi  |  

A new research report presents the outcome of a detailed study undertaken by IBM Promontory for the European Commission on embedding supervision in the decentralized finance (DeFi) ecosystem. The project comprised four different phases: identifying use cases and protocols to assess, defining elements of comparison… Read More

February 19, 2025 @ 9:00 am By Omar Faridi  |  

Zodia Custody, a digital asset custodian backed by Standard Chartered, SBI Holdings, and Northern Trust, recently partnered with Kiln, an enterprise-grade staking service provider. This allows its institutional clients to benefit from Kiln’s staking services, providing institutions greater flexibility. Zodia Custody’s clients will now have access to… Read More

February 16, 2025 @ 12:12 pm By Omar Faridi  |  

TRM Labs, the provider of blockchain intelligence solutions, announced its integration with Unichain by Uniswap Labs, a “decentralized” Superchain L2 built to power the future of DeFi and cross-chain liquidity. This integration provides developers building on Unichain with access to TRM’s tools, enabling them to… Read More