Responsible persons include anyone “exercising control or sufficient influence over a financial product offered, financial service provided, or financial activity engaged in (or over products, services, and activities that behave like, or have been substituted by investors for, financial products, services, and activities) by the DeFi arrangement.” Source
“The Solana DeFi ecosystem has demonstrated great resilience and growth potential, thanks to its innovative scaling and low transaction costs,” Nathan Allman, founder and CEO of Ondo Finance, said in a statement. “Integrating Ondo’s offerings with Solana not only aligns with our strategic growth but also paves the way for novel decentralized finance applications leveraging tokenized US Treasuries, benefiting a wide array of developers and users.” Source
Hegic recently scored a windfall buy buying WHITE tokens ahead of big news. The trade might cross the line, according to experts. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the year comes to a close, investors have been exploring potent projects. Apart from Ethereum (ETH) and XRP, investors have been exploring BorroeFinance (ROE). BorroeFinance to resolve liquidity problems One of the disadvantages of building in a new industry is skepticism from investors. Wall Street and traditional financial institutions hardly fund new projects due to the volatile nature of the cryptocurrency industry. As a result, blockchain developers created…
Thor Hartvigsen, a data-driven decentralized finance (DeFi) researcher, is questioning the appeal of Injective Protocol, a layer-1 platform whose creators say is designed to expressly power finance. As of December 2023, INJ, the native currency of Injective Protocol, is one of the top-performing coins, surpassing Bitcoin (BTC) and Ethereum (ETH). Is Injective Protocol Undervalued Based On On-Chain Metrics? Taking to X on December 14, Hartvigsen highlighted the platform’s relatively low total value locked (TVL) of $11 million and the limited number of protocols launched on the platform, currently standing at seven.…
Although Ledger has updated its own code, Ido Ben-Natan, the CEO of blockchain security firm Blockaid told CoinDesk in a Telegram message that “many websites are still affected and users are getting hit.” For the risk to be completely mitigated, every protocol using Ledger’s Connect Kit has to manually update their version of the library. In the meantime, several protocols remain at risk, specifically revoke.cash, which is a service that is used to remove permissions from DeFi protocols. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Flare, a blockchain optimized for data, is partnering with Kinetic, a lending and borrowing platform, to bolster the development of decentralized finance (defi) applications on the Flare network. According to an exclusive press release shared with crypto.news, this collaboration aims to introduce lending and borrowing capabilities, deepen liquidity, and help build a robust defi ecosystem on Flare. Under the partnership, Kinetic, backed by Rome Blockchain Labs, will provide a seamless platform…
“We’ve identified a critical issue the ledger connector has been compromised, potentially allowing the injection of malicious code affecting various dApps,” Sushi wrote in an official statement. “If you have the Sushi page open and see an unexpected ‘Connect Wallet’ pop-up, DO NOT interact or connect your wallet.” Source
Cardano’s DeFi total-value-locked crosses a significant $450 million with its native stablecoin Djed contributing a significant portion. Smaller protocols like LendFi and Spectrum Finance recorded an impressive 90% surge in TVL. Cardano’s native cryptocurrency ADA has registered massive gains shooting over 15% soon after the FOMC meeting concluded on Wednesday. As of press time, the Cardano (ADA) price is trading 13.85% up at $0.6495 with a market cap of $22.9 billion. The recent price rally for ADA also comes on the backdrop of solid growth in Cardano’s decentralized finance (DeFi)…
The total value locked (TVL) of all Cardano-based projects jumped to over $440 million late earlier this week, crossing a previous peak of $330 million set in April. Most growth seemingly occurred over the past week, with lending protocol Indigo and on-chain exchange Minswap seeing their TVL surge by over 50% to nearly $100 million each. Source