Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past week, cross-bridge protocols became the center of DeFi discussions as a new report showed RenBridge was used to launder $540 million in stolen funds. Curve Finance, on the other hand, resolved its site exploit and directed users to revoke any recent contracts. Interlay, a London-based blockchain firm, launched a Bitcoin (BTC)-based cross-chain bridge on Polkadot named interBTC (iBTC), DeFi platform Oasis.app says…
Tag: finance
Binance recovers the majority of funds stolen from Curve Finance
Crypto exchange Binance has recovered a big part of the funds from the recent hack that targeted the decentralized finance (DeFi) protocol Curve Finance. In a tweet, Binance CEO Changpeng Zhao announced that the exchange has frozen and recovered $450,000 of the stolen assets, which is more than 80 percent of the stolen funds. According to Zhao, the hacker tried to send the funds to the exchange in various ways but was detected by Binance. The exchange is currently working to return the funds to their rightful owners. The Curve…
Maple Finance, a DeFi Platform for Institutional Lending, Unveils $40M Liquidity Pool
The Maven 11 pool will provide loans to crypto market makers, or large firms that provide enough money to exchanges to stabilize trading. Borrowers for the pool include Wintermute, Bastion, Flow Traders, Nibbio and Folkvang Trading. In return, the lenders will receive yield from the market makers. Source
Manilla Finance – The Next Big Thing in Blockchain, Almost Ready for Launch
The 21st century is described by many scholars as the Golden age, where every aspect of modern-day society is driven by technology. Distributed Ledger Technology, which many describe as the pioneer of the 22nd century, has provided an avenue where an economy can exist without the need for trust. As a result of the growing competition within the blockchain ecosystem, it has forced various exchanges in the space to innovate as their designs are now geared towards the users’ comfort and useability. The cryptocurrency market is known for its volatility…
CNBC trying to TANK the price of Cryptocurrency! [Bitcoin, Ethereum, Cardano, & Dogecoin]
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC report on Ethereum Community Conference is sus | Bitcoin is *This* Scarce | Cardano vs Dogecoin | Ethereum Merge is Coming Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:42 – CNBC covers Ethereum Community Conference 1:28 – CNBC anchors want to hear about the FEAR at the conference 2:05 – Video Clip 1: Kenzie clarifies the situation for…
Ripple/XRP-New Bill Exempts Crypto Cap Gains?,RippleNet ODL Increases, Stablecoin Bill DELAYED?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io GlintPay: The #Gold Based Alternative To Banking #GoldFi Linqto: Private Investing Made Simple: Ripple, Uphold, and More! Website: Coinpaprika: Masterworks.io: Invest in blue-chip art for the very first time by signing up for Masterworks: Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: iTrustcapital: Open AN IRA With iTrustCapital.com to Grow Your Crypto TAX FREE NO MORE MONTHLY FEES! Get $100 Bitcoin Sign up!! Link: Demo Video: iTrustCapital: Ledger: Ledger Nano Hard…
Defi Attacker Siphons $570,000 From Curve Finance, Crypto Exchange Fixedfloat Freezes 112 Ethereum – Bitcoin News
Reports indicate that the decentralized finance (defi) protocol Curve was hacked for $570,000 in ethereum after people noticed that Curve’s front end was exploited. The attackers then tried to launder the funds via the crypto exchange Fixedfloat, and the trading platform’s team managed to freeze $200K worth of the stolen funds. Curve Finance Exploited for $570K — Fixedfloat Exchange Freezes More Than $200K, Domain Service Blamed Another defi hack was discovered on August 9, when the Paradigm researcher Samczsun tweeted that Curve Finance’s frontend was compromised. Curve Finance confirmed the…
"This Is The Opportunity Of A LIFETIME…" Raoul Pal Latest Crypto Market Update, Bitcoin & Ethereum
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “This Is The Opportunity Of A LIFETIME…” Raoul Pal Latest Crypto Market Update, Bitcoin & Ethereum Raoul Pal in his latest interview, gives a crypto market update and explains why Bitcoin, Ethereum and crypto present one of the few opportunities to make meaningful wealth. Are the lows in? Watch Raoul Explain why he believes the upside is 10x or more. With the latest inflation figures coming out at a historical 9.1%, Raoul Pal explains his macro outlook on the economy and how…
Unstoppable Finance Raises $12.8M to Build DeFi Wallet
The app is set to be rolled out in private beta in the coming days, with a full roll out on iOS in a few months time. Unstoppable Finance plans to release it on Android thereafter. So far, around 300,000 users have pre-registered for access to the app when it is available. Source
Over $600K Vanishes From DeFi Project Blur Finance; Developers Disappear
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