Latest News and Articles about DeFi
Torram Secures $710K to Revolutionize Institutional DeFi on Bitcoin
Torram’s Pre-Seed Funding Signals a New Era for Institutional DeFi on Bitcoin Torram, a Canadian tech firm, has secured $710,000 in a pre-seed funding round to revolutionize how we use Bitcoin for institutional finance, with a vision to make transactions as simple as sending an email by 2027. $710,000 pre-seed funding round closed Focus on […]
Read MoreBurwick Sues Solana’s Pump.fun Over Meme Coin Scams and Investor Losses
US Law Firm Targets Solana Meme Coin Launchpad Pump.fun in Lawsuit Over Investor Losses New York-based law firm Burwick is taking legal action against Solana meme coin launchpad Pump.fun, alleging that the platform has defrauded investors by generating hundreds of millions in fees while allowing illegal activities to flourish. This lawsuit shines a spotlight on […]
Read MoreWalletConnect Raises $13M to Enhance Onchain UX, Sparks Centralization Concerns
WalletConnect Secures $13 Million to Boost Onchain User Experience WalletConnect secures $13 million in Series A funding led by 1inch Network to enhance onchain user experience, highlighting DeFi’s focus on user-friendliness while raising concerns about potential centralization. WalletConnect secures $13 million in Series A funding. Funding led by 1inch Network, aimed at improving UX for […]
Read MoreLido Impact Staking Launches: Ethereum Staking Now Fuels Social Good
Ethereum Staking for Social Impact: Lido Impact Staking Launches Lido Impact Staking (LIS) has officially entered the scene, unveiling a revolutionary platform that merges Ethereum staking with social good. This initiative allows users to stake their ETH, stETH (staked Ethereum), or wstETH (wrapped staked Ethereum) and allocate a portion of their staking rewards to various […]
Read MoreStablecoins Dominate Crypto Crime in 2024, Surpassing Bitcoin
Stablecoins: The New Frontier of Crypto Crime in 2024 In 2024, stablecoins have emerged as the preferred tool for criminals in the crypto space, overtaking even Bitcoin. These cryptocurrencies, designed to mirror the stability of traditional currencies like the US dollar, are now the go-to for illegal activities. But what drives this shift? Stablecoins involved […]
Read MoreWintermute Co-Founder Advocates DeFi Shift for Enhanced Crypto Price Discovery
Wintermute’s Yoann Turpin Critiques CeFi, Urges Shift to DeFi for Better Price Discovery Wintermute co-founder Yoann Turpin has raised significant concerns about the inefficiencies of centralized finance (CeFi) and over-the-counter (OTC) markets, advocating for a shift towards decentralized finance (DeFi) to enhance price discovery in the crypto ecosystem. Wintermute critiques CeFi and OTC market inefficiencies […]
Read MoreSigma Capital’s $100M Fund Drives Web3 Innovation in UAE
Sigma Capital Launches $100M Fund: UAE’s Strategic Play in Web3 Innovation – Sigma Capital Fund I targets web3 technologies with a $100M investment. – Invests in DeFi, blockchain infrastructure, and the metaverse, among others. – Plans to support 100 startups, 25 liquid tokens, and 10 crypto funds. Introduction: Sigma Capital just dropped a hefty $100 […]
Read MorePancakeSwap Burns $19M in CAKE Tokens: Can It Reverse 32% Price Drop?
PancakeSwap Burns $19M in CAKE Tokens Amidst Market Challenges PancakeSwap, a leading decentralized exchange (DEX), recently destroyed 8.95 million CAKE tokens worth approximately $19 million as part of its ongoing strategy to manage its token supply. Despite this significant move, CAKE’s price has fallen 32% over the past month, even as the broader altcoin market […]
Read MoreMango Markets Closes After $117M Hack, Sets January 2025 Exit Deadline
Mango Markets Shuts Down After $117M Hack, Users Given January Deadline to Exit Mango Markets, a notable DeFi platform operating on the Solana blockchain, has announced its closure following a devastating $117 million hack in October 2022. The platform’s governance voted unanimously to shut down, setting a final user exit date of January 13, 2025, […]
Read MorePump.fun’s Profit Reality: Only 0.412% of Traders See Big Gains
Most Pump.fun Traders Yet to See Significant Profits, Data Indicates Pump.fun, a decentralized platform for Solana-based memecoins, has made waves in the world of decentralized finance (DeFi). Memecoins, cryptocurrencies often born from internet memes or viral trends, thrive on Pump.fun’s high-speed transactions and low fees. Despite the platform’s financial success, amassing nearly $398 million in […]
Read MorePortugal’s BiG Bank Blocks Crypto Transfers Amid EU’s Tightening Regulations
Portugal’s Bank Slams the Door on Crypto Transfers Amid EU’s Tightening Grip Portugal’s largest bank, Banco de Investimentos Globais (BiG), has unexpectedly blocked fiat transfers to cryptocurrency platforms, aligning with the European Union’s new anti-money laundering and counter-terrorism financing regulations. This move marks a departure from Portugal’s previously crypto-friendly stance, with the introduction of a […]
Read MoreOrange Finance Hack: $840K Stolen on Arbitrum, White-Hat Offer Extended
Orange Finance Hacked: $840,000 Stolen from Arbitrum Liquidity Project Orange Finance, a liquidity management project on the Arbitrum blockchain, suffered a major hack resulting in the loss of at least $840,000. The hackers exploited the project’s admin address to manipulate smart contracts and siphon funds, sparking urgent calls for improved security measures across the DeFi […]
Read MoreRevolut Joins Pyth Network: Bridging TradFi and DeFi for Enhanced Data Reliability
Revolut Joins Pyth Network: A Leap Towards Bridging Traditional Finance and DeFi Can a digital banking giant like Revolut revolutionize the world of decentralized finance? Revolut, the U.K.’s leading digital banking platform, has boldly stepped into the DeFi arena by joining the Pyth Network as a data publisher, marking a pivotal moment in the convergence […]
Read MoreBiG Bank Halts Fiat to Crypto: Portugal’s Regulatory Shift and DeFi Push
Portugal’s BiG Bank Halts Fiat Payments to Crypto Platforms: Navigating Regulatory Shifts Banco de Investimento Global (BiG), managing assets close to €7 billion, has halted fiat payments to cryptocurrency platforms, signaling a shift in Portugal’s once crypto-friendly stance amidst evolving regulations. BiG suspends fiat payments to crypto platforms Delphi Labs’ José Maria Macedo criticizes the […]
Read MoreEthereum Layer 2 Networks Outpace Main Chain, Handle 4.5x More Transactions
Ethereum Layer 2 Networks Surge: Handling 4.5x More Transactions Than Main Blockchain Ethereum’s Layer 2 (L2) networks, such as Base, Arbitrum, and Optimism, are at the forefront of blockchain scalability, handling over 4.5 times more transactions than the main Ethereum blockchain (Layer 1). These networks are becoming the go-to platforms for decentralized finance (DeFi), stablecoin […]
Read MoreVitalik Buterin Turns $2.5M in Meme Coins into Biotech Charity Funding
Vitalik Buterin Converts $2.5M in Meme Coins to Fund Biotech Charity Kanro Vitalik Buterin, the mastermind behind Ethereum, has turned $2.5 million in meme coins into a lifeline for biotech research through his charity, Kanro. Selling a diverse portfolio of 28 meme coins, Buterin’s move not only underscores his commitment to advancing biotechnology but also […]
Read MoreAave’s $75M Treasury Fuels Fee Switch and 2025 Expansion Plans
Aave’s Strategic Fee Switch: Pioneering the Future of DeFi Aave, a titan in the decentralized finance (DeFi) realm, has set its sights on a groundbreaking fee switch mechanism to share its wealth with AAVE token holders, as its treasury swells past $75 million, excluding AAVE tokens. This bold move, announced by founder Stani Kulechov, comes […]
Read MoreCambodia Embraces Stablecoins, Shuns Bitcoin: 5 Cryptos to Watch
Cambodia’s Crypto Evolution: What It Means for the Future Cambodia’s financial sector is on the brink of a significant shift as the National Bank of Cambodia (NBC) cautiously embraces cryptocurrencies, focusing on stablecoins and asset-backed cryptos while keeping Bitcoin at arm’s length. Cambodia’s cautious crypto adoption Five cryptocurrencies to watch: Aureal One, DexBoss, yPredict, Arkenstone, […]
Read MoreIRS Rule Sparks DeFi Lawsuit; SEC Chair Change Could Drop Non-Fraud Cases
Will Non-Fraud Cases Be Dropped Under New SEC Chair? Insights from Amanda Tuminelli Amanda Tuminelli, Chief Legal Officer at the Defi Education Fund, recently shared her insights on the Thinking Crypto podcast, discussing the IRS’s new tax reporting rule and its potential impact on the DeFi industry. The rule, finalized on December 27th, has sparked […]
Read MoreEric Trump Meets Michael Saylor at Mar-a-Lago: Bitcoin’s Rising Influence in Traditional Circles
Eric Trump and Michael Saylor Discuss Bitcoin at Mar-a-Lago: A Sign of Crypto’s Growing Influence On January 3, 2025, Eric Trump, Executive Vice President of The Trump Organization, met with Michael Saylor, the Bitcoin advocate and Executive Chairman of MicroStrategy, at Mar-a-Lago. Their conversation, centered around their shared passion for Bitcoin, underscores the increasing integration […]
Read MoreSpirit Blockchain Capital Launches Dogecoin Yield Strategy to Boost Shareholder Value
Spirit Blockchain Capital’s New Dogecoin Yield Strategy: Boosting Shareholder Value in DeFi Spirit Blockchain Capital is betting big on Dogecoin, aiming to turn its holdings into a steady income stream through a new yield generation strategy announced on January 2, 2025. This bold move into the decentralized finance (DeFi) space comes as part of the […]
Read MoreBinance Labs Invests in THENA, Boosting BNB Chain’s DeFi Growth
Binance Labs Boosts THENA, Fueling BNB Chain’s DeFi Ambitions In a strategic move to enhance the BNB Chain ecosystem, THENA, a burgeoning decentralized exchange, has secured investment from Binance Labs. This partnership not only underscores the potential of THENA’s innovative ve(3,3) tokenomics model but also reflects Binance Labs’ ongoing commitment to catalyzing growth within the […]
Read MoreFEG Hacked Again: $1.07M Stolen, Token Crashes 99% – DeFi Security in Question
Feed Every Gorilla Falls Victim to Third Hack, Losing $1.07 Million In a recurring nightmare for the Feed Every Gorilla (FEG) project, hackers have struck again, exploiting a flaw in the project’s bridge and stealing tokens worth approximately $1.07 million. This latest breach has led to a catastrophic 99% drop in the FEG token price, […]
Read MoreEthena’s Growth Head Seraphim Czecker Exits: What’s Next for DeFi Leader?
Ethena’s Head of Growth Seraphim Czecker Steps Down: Navigating the Future Seraphim Czecker, the driving force behind Ethena’s growth in the decentralized finance (DeFi) sector, has stepped down, prompting speculation about the platform’s future direction. Seraphim Czecker steps down as head of growth at Ethena Impact on Ethena’s growth and strategy Future of DeFi and […]
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