DeFi News
Welcome to CoinEdition’s page for DeFi News! On this page, you can read and learn through news related to decentralized technologies content in the finance sector. CoinEdition ensures that our readers are up to date with topics such as wealth management, trading, investments, payments, and the companies surrounding DeFi News 24/7 and from all over the globe. DeFi News is a huge topic in the growing blockchain world and it is our responsibility at CoinEdition to compile them all for posterity’s sake. Therefore, grab your checkbook and credit cards, and let’s jump right into the world of finance in the DeFi News section here at CoinEdition.
Founder of Eight Global States: Altcoins Are Showing Strength
Founder of Eight Global states that Altcoins are showing strength while DeFi is waking up. Fantom captures the ninth place in top gainers, according to CoinMarketCap. Polkadot has been moving...
Uniswap Reportedly Down Due to Cloudflare Routing Issue
Uniswap’s discord moderator said that the breakdown is due to a Cloudflare routing issue. Users are asked to use the current version via the IPFS links until the issue is...
DeFi App Maple Finance Toughens Lending Standards For Borrowers
Maple Finance tightens lending standards. Borrowers on the platform now need to file audited accounts with extra checks. CEO Powell said Maple Finance has suffered only one default till now....
Moola Market Loses $8.4 Million in an ‘Incredibly Simple Attack’
Moola Market suffered a cyber-attack exploiting over $8.4 million. The DeFi platform managed to retrieve 93.1% of the exploited funds. A tech lead at Arbitrum saved BitBTC nearly $200 billion...
Habitual Crypto Hacks Have National Security Concerns, Says Expert
The continuous episodes of web3 theft may have significant security implications. Blockchain criminals stole over $3 billion via 141 crypto vulnerabilities this year. Chainalysis said cross-chain bridge exploits account for...
Hacker Steals 4300 BNB from BitKeep Swap, Moves it to Tornado Cash
A Web3 multi-chain wallet is the latest target of hackers in the crypto industry. Hacker stole 4300 BNB from BitKeep Swap and transferred it to Tornado Cash. The latest hack...
October Worst Month For DeFi Protocol Hacks, Chainalysis Reports
DeFi Protocol hackers are reportedly high in October 2022. Chainalysis reported that $718M has been stolen from DeFi platforms across 11 different hacks, in 2022. Also, 2022 will likely outstrip...
TempleDAO Suffers Attack; Resulting in $2 Million in Losses
TempleDAO and its associated project STAX Finance has lost $2.34 million in a hack. STAX confirmed on its website that the hack is under control. The stolen tokens were swapped...
Liquidity Provider Wintermute Loses $160 Million From Recent Hack
Wintermute’s CEO discloses that the firm lost $160 million in a recent hack. The CEO of Wintermute, Evgeny Gaevoy, said the company stays solvent. The firm still considers the breach...
Russian Entrepreneur Alexander Lebedev Readies Ruble Stablecoin
Alexander Lebedev plans on introducing a stable coin backed by the Ruble. ‘InDeFi has nothing to do with the Russian ruble,’ says Mendeleev, InDeFi CEO. Just like any other DeFi...
There is a Massive Market Potential for Crypto Insurance Providers
InsurAce CMO says there is huge market potential in DeFi insurance, says Cointelegraph. After a rocky couple of months, DeFi insurance is needed now more than ever. $2 billion has...
Scammer of DeFi Protocol Exploits Walks Away with $371K
Nereus Finance, Trader Joe, and Curve Finance were victims of a cunning attack resulting in bad debt of $500k. An exploiter deployed a $51 million flash loan from Aave to...
Degens Cause Trouble to DeFi; ETH Loans Pressurize Liquidity
Speculators amassed ETH loans to attain forked ETH Proof-of-Work tokens. The increased number of loan borrowers inflicted trouble on DeFi platforms. Considering the pressure on liquidity supply, Aave proposed stopping...
A Summary of DeFi’s Journey Since Its Humble Beginning in 2018
A report has been released by CoinMarketCap and members of Spartan Labs. Since its start in 2018, the DeFi space has come a long way in a relatively short time...
Compound Labs’ Price Feed Error Causes ETH Transactions To Revert
Compound Labs shared on Twitter about an error they found during a price feed update used by Compound v2 users. The update is executed via Proposal 117 which was audited...
FBI Warns Investors Over Cybercriminals Exploiting DeFi Platforms
The FBI warns of cybercriminals exploiting security flaws governing DeFi platforms. Hackers have stolen $1.3 billion worth of crypto, between January and March 2022. The FBI has urged investors in...
DeFi Aave Daily Active User on Ethereum Down 80% From May High
The daily active user on Ethereum of Aave is down by 80% from its May high. As of yesterday, only 494 daily active users used Aave. Following a drop in...
Community Submits Proposal To Return aUSD Error Mints: Acala
Acala Network disclosed that a community proposal was submitted to return 1.68 billion aUSD error mints in the iBTC/aUSD liquidity pool. A sentiment vote is live to gather feedback from...
Tornado Stops: The Tornado Cash DAO Goes Unoperational After Blacklist
Tornado Cash DAO went offline, along with its Discord channel. This was after the US Treasury Department’s Office of Foreign Asset Control sanctioned the website. The Tornado team is debating...
Oasis Prohibits High-Risk Flagged Wallet Addresses, Users Exasperated
Oasis.app users noticed that they were unable to access the platform and their wallets had been disconnected. Oasis clarified, stating sanctioned addresses will no longer be able to access the...
Sky Mavis’ Axie Infinity Prepares for Phase 3, Season 0 Released
Axie Infinity announces the Season 0 update along with the third phase of its Origin launch. The main additions in the update are NFT runes and charms and changes to...
Open DeFi Notification Protocol Adds “Position Health” Feature to Aave
Open DeFi Notification Protocol adds support for Aave. This allows Aave users to get alerts on their liquidation status. The Open DeFi Notification Protocol is created by DeFi.org. DeFi.org’s Open...
