Tag: DeFi

Crypto Security Firm Ironblocks Builds ‘Firewall’ for DeFi Protocols

Because the service is free to use, it is not meant to be a direct moneymaker for Ironblocks, an Israeli startup that last raised $7 million in venture funding in early 2023. Instead, it’s a feeder for the company’s other crypto cyber defense products including the upcoming “Venn Security Network,” according to its website. Dadosh was hesitant to discuss what the network would look like. Source

Donald Trump stands with crypto as top defi coins rally

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid Donald Trump’s support for crypto, Bitcoin, Ethereum, Avalanche, Solana, and KangaMoon are gaining momentum as optimism grows in the market. In the midst of Donald Trump’s announcement that if he wins the 2024 US presidential election, he will support the future of crypto, crypto enthusiasts maintain optimism while Bitcoin, Ethereum, Avalanche, Solana and one of the new defi coins KangaMoon gain momentum. Let us find out more.  KangaMoon:…

Uniswap Vote Delay Shows DeFi Stakeholders Aren’t All in It Together

Talks again arose about fee switch activation with the launch of Uniswap V3. GFX Labs, maker of the Oku, a front end interface for Uniswap, proposed a plan that would test out the protocol fee distribution on a few pools on Uniswap V2 that received a lot of attention. But talks ultimately fizzled out, due in part to concerns that activation might drive LPs and liquidity away from the platform, as well as legal fears. Source

Hitting the iceberg’s tip: the untapped potential of Bitcoin defi

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Since its launch in 2009, Bitcoin has emerged as a hedge against inflation. Some countries like El Salvador even made it a legal tender. In March 2024, the market valuation of BTC’s circulating supply reached $1.4 trillion, surpassing silver to become the 8th most valuable property globally. Despite BTC’s dominance over other cryptocurrencies, most of BTC remained dormant in user wallets. BTC’s huge liquidity reserves stayed underutilized…

Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms

In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last year, digital assets worth $59.3 million were lost to similar attacks. Gala Games, which incurred a loss of $21 million, and Sonnefinance with $20 […] Source CryptoX Portal

Metaplex Announces Introduction of Hybrid Defi Protocol for Solana

Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a fixed number of tokens assigned by the designers of each artistic collection. Metaplex Aims to Extend Hybrid […] Source CryptoX Portal

Velar (VELAR) Integrates Bitcoin with DeFi Through Stacks Blockchain

Velar, a Decentralised Finance (DeFi) liquidity protocol, is leveraging Bitcoin’s security through a Layer 2 agnostic approach, initially utilising the Stacks blockchain and the Clarity smart contract language. According to Bitfinex, Velar is designed to integrate Bitcoin’s foundational strength with advanced DeFi capabilities, unfolding in strategic phases to introduce sophisticated solutions like automated liquidity protocols and decentralised perpetual contracts exchanges with up to 20X leverage. DeFi on Bitcoin via Velar and the Stacks Bitcoin Layer Two Velar’s primary aim is to harness the strength and…

Kelp DAO Secures $9 Million in Private Sale to Boost Defi Expansion

Kelp DAO, a liquid restaking platform, has completed a private funding round, amassing $9 million to propel its growth in the decentralized finance (defi) sector. The funding aims to enhance the platform’s capabilities and expand into new ecosystems, including Solana and Bitcoin. Restaking Protocol Kelp DAO Secures $9 million Leading the investment round were SCB […] Source CryptoX Portal

Multipool Enters Partnership with Mobilum Offering Users Fiat to DeFi On/Off Ramp – Blockchain News, Opinion, TV and Jobs

Majuro, Marshall Islands, May 23rd, 2024, Chainwire Multipool, a leading innovator in the blockchain and cryptocurrency industry announces a corporate partnership with Mobilum. The partnership between Multipool and Mobilum will enable users to onboard onto cryptocurrencies without involving a centralized exchange. “Centralized exchanges are on their way out, we’re thrilled to give users another option, without intrusive roadblocks to their DeFi lifestyle. This partnership offers a long list of benefits for both parties, with a truly DeFi onboard as the highlight. Getting MULLED is now much more accessible to the…