Tag: DeFi

Will This Experienced DeFi Founder Save FTM After Taking Over As CTO?

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Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

Chaos Labs Secures $55M Series A Funding to Bolster Defi Risk Management Solutions

Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols. Chaos […] Source CryptoX Portal

When Will ETH Price Break All-Time High as DeFi Adoption Explodes Into New ICO

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As Ethereum (ETH) continues to be a cornerstone of the cryptocurrency world, its price trajectory remains a hot topic among investors and analysts. The potential for Ethereum (ETH) to break its all-time high is more tangible than ever, especially with the rise of new ICOs such as Mpeppe (MPEPE) that are harnessing the power of decentralized finance (DeFi). Here’s a closer look at how Mpeppe (MPEPE) is influencing Ethereum (ETH)’s future and the possibilities for ETH to reach new heights. The Growing Influence of Mpeppe (MPEPE) on Ethereum (ETH) Mpeppe…

Defi Hacks Remain a Major Threat Despite 50% Decline in 2023: Halborn

Although on-chain hacks including smart contract exploitation, price manipulation and governance attacks are most prevalent, off-chain attacks like private key theft represent 29% of the total number of attacks and 34.6% of the funds stolen in general. In 2023 off-chain attacks made up 56.5% of total attacks and accounted for 57.5% of the stolen amount. Source

Blockchain developer to fork BRC-20 to bring defi to Bitcoin

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A blockchain developer is set to fork the BRC-20 token standard to introduce decentralized finance capabilities to the Bitcoin network. A blockchain developer under the alias Mikael.btc, best known as the creator of the BRC-100 token standard, wants to fork BRC-20 in an effort to roll out a new protocol designed to bring decentralized finance to the Bitcoin (BTC) network. In an Aug. 9 post on X, the developer outlined plans for the fork, emphasizing that the upgrade would address key limitations of the BRC-20 standard, including its “lack of…

Bitcoin.com Launches V-Card Debit Card In Self-Custody Bitcoin and Crypto DeFi Wallet App

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Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has integrated into its wallet, games, news, and education platform a debit card that empowers users to spend their cryptocurrency seamlessly at any location Mastercard® is accepted. V-Card is now available in the Bitcoin.com app and on Bitcoin.com’s website here. “This is a game-changer […] Original

DeFi Protocol Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield

Mountain Protocol’s USDM, for example, backs its price by holding U.S. Treasuries, but passes on the bond yields to token holders unlike stablecoin giant Tether’s USDT. Maker’s stablecoin shares protocol revenues from its real-world asset (RWA) backing and DeFi lending activity for savings DAI (sDAI) holders. Meanwhile, Ethena’s “synthetic dollar” USDe harvests the funding rates with a carry trade, and shares the revenue with those who lock up (stake) the token on the protocol. Source

Donald Trump Jr. Teases ‘Huge’ Crypto News—Says Defi ‘Is the Future’ 

Donald Trump Jr., the eldest child of the former 45th president, took to social media on Wednesday to declare that decentralized finance (defi) represents the future of the financial world. “We’re about to shake up the crypto world with something HUGE,” Trump Jr. announced on X, emphasizing, “Decentralized finance is the future—don’t get left behind.” […] Source CryptoX Portal

Defi protocols record double-digit losses, total TVL tanks 19%

The decentralized finance ecosystem has recorded a high amount of losses as the crypto market falls below the $2 trillion mark. According to data provided by Defi Llama, the total defi total value locked (TVL) plunged by 19% over the past 24 hours — falling from $88.8 billion to $71.8. This is the first time since Feb. 24 that the defi TVL has fallen to the $71 billion mark. Defi TVL – Aug. 5 | Source: Defi Llama The leading defi protocol, Lido Finance, saw a 19.2% decrease in its…