$160M stolen from Wintermute in a recent DeFi hack
Evgeny Gaevoy, founder and CEO of Wintermute, has revealed that the business was hacked for $160 million.
Gaevoy tweeted on Tuesday that the market maker's DeFi activities had resulted…
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defi
DeFi researcher said that Ethereum Merge will not cut gas costs
Many users have migrated to other L1 blockchains, such as Solana, Cardano, and others, due to Ethereum's expensive gas prices.
DeFi trader Vivek Raman stated in a Twitter conversation…
The CEO of Binance predicts that DEXs will surpass CEXs within the next decade
CZ, Co-Founder and CEO of the world’s biggest centralised crypto exchange (CEX) by trading volume, has offered his opinions on decentralised finance (DeFi) and decentralised exchanges…
Cronos Establishes a $100 Million Accelerator Program to Support DeFi and Web3 Projects
Successful applicants will be paired with eco-system mentors for the 10-week programme. After less than two weeks, Crypto.com hired Kwon Park, a former Bittrex executive, as the company's…
JPMorgan gets into DeFi with a pilot project on tokenizing assets in Singapore
Investment bank JPMorgan Chase & Co. is working with Singapore's central bank to tokenize its DeFi cryptocurrency as part of an effort to better understand the economic potential and…
DeFi Platform Marhaba Aims to Leverage Halal-Certified NFTs to Tap the $3 Trillion Islamic Economy
The "world's first" certification for Shariah-compliant non-fungible tokens (NFTs) has been presented by Marhaba DeFi Network (MRHB), a Muslim-focused "ethical" decentralised finance…
TRON DeFi Increases on Terra-Inspired Stablecoin Release
UST's algorithmic token, USDD, was launched less than a month ago and has already overtaken Terra's UST in terms of total value locked in its DeFi protocols.
Although the DeFi market has…
Another Ethereum-based Defi Protocol Suffers an Exploit Worth $180 Million
On Sunday, April 17, Beanstalk, a decentralized credit-based stablecoin platform, was compromised, resulting in the loss of $181 million in multiple tokens.
"Today, Beanstalk was…
Cardano’s Creator Declares That Bitcoin Didn’t Advance Far Enough
Cardano creator Charles Hoskinson recently said in a tweet that Bitcoin's UTXO concept has not gone far enough owing to its restricted programmability. He views the Extended UTXO (EUTXO)…
Sushi and Synthetix are dropped in the rebalancing of the Grayscale Defi Fund
Grayscale, a crypto asset manager, has added three new crypto assets to its funds and removed SushiSwap and Synthetix from its DeFi Fund after the fund's first quarterly rebalancing.
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