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.
Hong Kong’s SFC Releases Circular on VATPs’ New Licensing System
Hong Kong’s Securities and Futures Commission (SFC) released a circular on May 31 announcing the transitional arrangements for a new licensing system for centralized crypto trading platforms. As per the...
Liquidation Blocks Crucial to DeFi Risk Evaluation: Intelligence Firm
In a recent report, market intelligence platform IntoTheBlock underscores the crucial role of liquidation blocks when evaluating risk in decentralized finance (DeFi) protocols. It highlighted that overlooking this metric could...
Anonymous Attacker Seizes Control of Tornado Cash; Steals $1M+
An anonymous attacker seized control of the Tornado Cash protocol, by exploiting a malicious proposal. Reportedly, he stole more than $1 million from the DAO’s funds. The attacker has proposed...
Arbitrum Emerges as DeFi Powerhouse, Gains Massive Adoption: Report
Arbitrum has gained significant traction in the DeFi sector. Integration with GMX_IO plays a crucial role in Arbitrum’s mass adoption. User adoption for Arbitrum more than doubles after the token...
Ledger Wallet and Trezor Wallet Criticized Over New Features
Altcoin Daily discussed recent allegations leveled at the hardware wallets Ledger Wallet and Trezor Wallet. The host stated that the Ledger users have felt betrayed as the platform has not...
zkSync Era and StarkNet L2 Solution Threaten Polygon’s Dominance
Rumored upcoming AirDrop boosts zkSync Era and StarkNet on-chain activities. Increasing network activities of both solutions are eating into the dominance of Polygon. Polygon founder has not ruled out the...
SORA CARD Sign-Ups Now Live: SORA Enables The Fusion of TradFi and DeFi
The SORA Community has announced that sign-ups for SORA CARD will be live on May 17, 2023. The SORA Card will officially launch in coming days, date for which is...
ParaSpace Accuses Its CEO of Mismanaging Funds in the Wake of a Hack
ParaSpace hack resulted in the loss of over 50% of user funds. The platform has recovered $5.4 million from the funds. ParaSpace removed the CEO’s admin access, but he has...
Grayscale Introduces Funding Project to Manage Financial Products
Grayscale Investments announced the launch of Grayscale Funds Trust. The funding project focuses on managing the company’s publicly traded financial products. The company has also filed a Registration Statement with...
DeFi Industry Fights Back A Law Aiming to Kill Smart Contracts
European DeFi industry worries about a Data Act law that could kill smart contracts. FThe law would require smart contracts to be terminated or interrupted at will. Advocates call on...
CakeDeFi CEO Reveals Shocking Truth About Crypto Custody Providers
CakeDeFi CEO Julian Hosp took to Twitter earlier today to post a video titled ‘The Shocking Truth About most Cryptocurrency Custody Providers.’ In the one-minute-long video, Hosp explained the concept...
Bitdeer Seeks Investors’ Contribution to Crypto Project Fund in Bhutan
Bitdeer Technologies, the digital asset mining service company, announced the company’s proposal to develop “green crypto mining” in Bhutan to establish carbon-free mining, utilizing the Himalayan nation’s hydroelectric power. Notably,...
Maple Finance CEO says that DeFi Market Can Be 100x Larger
Sidney Powell, the CEO of Maple Finance, recently sat down with Scott Melker to discuss DeFi market potential. During the podcast, the duo spoke about various topics, including the FTX...
NFA Labs Introduces AI-driven Neural Net Trading Platform Athena Alpha and Dashboard
NFA Labs, a project advancing decentralized finance (DeFi) using artificial intelligence and deep learning, announces the initial phase completion of Athena Alpha and Athena dashboard launches. The neural net trading...
‘Politics Surrounding Banking is Toxic,’ Says BitMEX Co-Founder
Arthur Hayes, the American entrepreneur, and co-founder of the crypto exchange BitMEX invited the Twitter community’s attention to his perspectives on the US government’s recent seizure of California’s First Republic...
Singapore Court Extends Babel Finance’s Moratorium Period Until July 21
The latest reports revealed that the creditor protection plan proposed by the top comprehensive crypto financial service provider Babel Finance had been extended by the Singapore court for almost three...
US SEC Reopens Comment Period For Rule Change On DeFi Platforms
The US Securities and Exchange Commission (SEC) intends to revise a proposed regulation to clarify that digital asset exchanges and DeFi platforms must register with the regulator. The SEC has...
Hackers Steal Almost $11 Million From Yearn Finance Via yUSDT
Decentralized finance protocol Yearn Finance fell victim to an exploit earlier today that saw the hacker make away with millions of dollars worth of crypto assets. Data gathered by blockchain...
Liqwid Labs Announces That Its TVL Has Surpassed $10 Million
This morning, Liqwid Labs took to Twitter to share some news about the project’s Total Value Locked (TVL). According to the post, Liqwid Labs has surpassed $10 million in TVL,...
Court Withholds Babel’s Proposal for Creditor Protection Extension
Flex Yang, the former CEO and founder of the crypto finance service provider Babel Finance proclaimed that the company’s proposal for the extension of creditor protection has been withheld by...
Researcher Unveils Scammer Behind Failed Swerve $1M Governance Attack
Igor Igamberdiev, head of research at the well-known market maker Wintermute, recently detailed how a fraudster tried to carry out a governance attack on Swerve Finance, a decentralized finance (DeFi)...
Euler DeFi Protocol Faces Loss of $177M In Major Attack
The EUL token price of Euler Finance experienced a sharp decline of 26.2% due to the assault on its lending protocol. The crypto community was alerted to the attack by...
Circle CEO Assures 100% Safety of USDC Reserves, Transfer Resumes
Computer entrepreneur and CEO of the digital currency company Circle Jeremy Allaire shared a Twitter thread in the early hours of March 13 updating the current status of the company’s...
Tender.fi White Hat Hacker Returns $1.6 Million Loot for 62.15 ETH
Decentralized finance (DeFi) protocol Tender.fi has been made whole thanks to the hacker who returned $1.6 million that were exploited from the platform earlier this week. The white hat hacker...
