DeFi

Popular Crypto Analyst Provides Update on Top 5 Altcoin Picks

Crypto influencer Lark Davis provided an update on his top five altcoins that are ready to take off at the end of November.

Popular Crypto Trader Tyler Swope Gives His List of ‘Moon Picks’

Popular crypto trader Tyler Swope pointed to three altcoins that are set to “moon” in the near future, including Sore Network (XOR) and DeFi Pulse Index.

Crypto Trader Josh Rager Bullish on BTC and ETH, Says DeFi Token YFL Ready to Take Off

Cryptocurrency trader and strategist Josh Rager says DeFi project YF Link is poised to take off, while also being bullish on bitcoin and ethereum following November’s strong performance.

Hacked Platform Value DeFi Offers 1 Million DAI for Return of Funds

Value DeFi, a decentralized finance protocol that was hacked for $6 million worth of DAI via a flash loan taken out for 80,000 ETH on the Aave protocol, has offered the hacker $1 million in DAI as a bounty for them to return funds to their users. Data from the Ethereum blockchain shows that the […]

Why Yearn.Finance Is Poised to Revolutionize DeFi

DeFi remains one of the most important crypto advances in the last couple of years. But one project, Yearn.Finance, could be a glimpse into the future. Cryptocurrency isn’t all about Bitcoin anymore. The next big driver of the market is undoubtedly Decentralized Finance (DeFi). These products helped to fuel the crypto boom in September and […]

DeFi Project Akropolis Loses 2 Million DAI in Exploit

Decentralized finance (DeFi) project Akropolis has lost over $2 million in DAI after hackers managed to exploit it via a flash loan taken out on dYdX. Akropolis is a DeFi lending and savings service provider. On social media, the team behind Akropolis stated it identified a hack was executed “across a body of smart contracts […]

Crypto Analyst Says dYdX Airdrop Could Be Bigger Than Uniswap

Crypto analyst Tyler Swope says the upcoming airdrop for decentralized exchange dYdX could be larger than Uniswap’s in September, with the price of UNI skyrocketed to $8.00.

Ethereum Transaction Fees Fell by 65% in October

Ethereum fees plummeted 65 percent in October alongside a decline in decentralized finance exchange volumes.

And Breathe: How The Decline of DeFi May Give Ethereum a New Lease of Life

Written by: Dmytro Spilka. Dmytro is the CEO and Founder of Pridicto, a web analytics startup. His work has been featured in various publications, including The Next Web, Entrepreneur.com, Huff Post, TechRadar, Hackernoon and Bitcoin.com. Slowing cryptocurrency trading in a decentralized finance landscape that appeared to be so promising in the summer has inadvertently helped […]

Kraken CEO Jesse Powell Criticizes ‘DeFi Scams’ for ‘Reckless’ Rollouts

The chief executive officer of cryptocurrency exchange Kraken, Jesse Powell, has criticized projects in the decentralized finance (DeFi) sector over the failure of several projects to audit their code ahead of launch. Powell’s tweet came in the wake of the $24 million exploit on DeFi lending protocol Harvest Finance. In a tweet, Powell asked “Defi […]

Harvest Finance Places $100,000 Bounty on Hacker Behind $24 Million Attack

Decentralized finance (DeFi) lending protocol Harvest Finance has been exploited by a hacker who drained $24 million from its pools, and then mysteriously returned $2.5 million to the protocol. Harvest finance has put a $100,000 on the first person or team to reach out to the attacker. Harvest Finance is a DeFi yield farming protocol […]

Ethereum DEX Volumes Plummet Following Drop in DeFi Incentives

Decentralized exchange (DEX) volume on ethereum’s network has plummeted over the last month, coinciding with a decline in incentives for DeFi products.

Billion-dollar firms are Adopting DeFi to Improve Existing Services, Study Finds

A new study has shown that traditional financial firms are exploring the use of decentralized finance (DeFi) to improve their existing services and create new revenue streams. The study, conducted by Crypto.com and BCG Platinion, was first spotted by CryptoBriefing and surveyed over 400 financial companies in various sectors, including banking, insurance, and trading. The […]

Zilliqa ($ZIL) Officially Launches Its Non-Custodial Staking Platform ‘Zillion’

On Wednesday (October 14), Zilliqa, the blockchain startup that “was born at the National University of Singapore” and which launched its mainnet in January 2019, announced the official launch of Zillion, its non-custodial staking platform. Here is how Binance Research describes Zilliqa: “Zilliqa (ZIL) is one of the world’s first blockchains being built on a sharded […]

96% of Decentralized Finance’s Transactions Are Based on Ethereum

96% of the decentralized finance’s (DeFi) transaction volume is based on the Ethereum network, as the yield farming trend saw movers adopt DeFi at a record pace in the third quarter of this year. According to a report published by DappRadar, first reported on by Decrypt, the total value locked in the decentralized finance space […]

Group Crowdfunds Lawsuit Against Yearn.Finance Founder Andre Cronje Over EMN Hack

A group of aggrieved cryptocurrency investors are crowdfunding a lawsuit against Yearn.Finance’s founder Andre Cronje for his role in the $15 million hack of EMN.

‘Crypto Mom’ SEC Commissioner Hester Peirce on Regulatory Challenges Facing DeFi

Earlier this week, Hester Peirce, whose renomination as Commissioner at the U.S. Securities and Exchange Commission (SEC) was confirmed by the U.S. Senate on August 6, spoke about regulatory challenges facing decentralized finance (DeFi). Commissioner Peirce’s remarks about DeFi while she was speaking with journalist Laura Shin on day one of the two-day (virtual) LA Blockchain […]

EOSFinex Launches Beta Version on EOS Mainnet

Decentralized cryptocurrency platform EOSFinex has announced the launch of its beta version on EOS mainnet, allowing users direct access to Bitfinex liquidity.

Zilliqa (ZIL) to Enter DeFi Space With Zilswap, a DEX Built by Cross-Chain Platform Switcheo

Zilliqa (ZIL), a high-throughput blockchain platform designed to scale almost linearly as the number of nodes scales, is set to enter the decentralized finance (DeFi) space with a decentralized exchange built by Switcheo. Switcheo, it’s worth noting, is a cross-chain decentralized exchange first launched on the NEO blockchain, that then added atomic swaps and started […]

Fake Yield Farming Project Costs User $140,000 in Uniswap Tokens

A DeFi user was scammed out of $140K in Uniswap tokens after investing in a scam yield-farming project dubbed UniCats.

Ethereum Transaction Fees Plummet as Network Congestion Eases

Ethereum transactions have fallen 85 percent over the last three weeks as users move towards centralized exchanges for DeFi access.

Binance’s DEFI Composite Index Lost over Half Its Value in Less Than a Month

Cryptocurrencies associated with decentralized finance (DeFi) protocols have been rapidly losing value over the last few weeks, so much so Binance’s DEFI Composite Index is down over 50% since it was first launched. As Decrypt reports, the index launched by Binance is calculated using weighted averages of a basked of tokens associated with decentralized finance […]

Little-Known Altcoins are Preparing for Major Price Rallies, Says Popular Crypto Commentator

Popular crypto commentator and trading analyst Lark Davis has told his followers to pay attention to several DeFi altcoins on polkadot that appear poised for a bullish rally.

Former Bitfinex Trader Joe007: U.S. SEC Might Take Closer Look at Uniswap ($UNI)

On Thursday (October 1), “Joe007”, a former well-known pseudonymous trader on Bitfinex, warned traders that following the recent action by CFTC against BitMEX, it might not be long before the SEC decides to take a closer look at Uniswap. On Thursday, the U.S Commodity Futures Trading Commission (CFTC) announced that it had brought charges against […]

DeFi Users Lock $67 Million in Yield Farming Project APY.Finance in One Hour

Decentralized finance (DeFi) investors have locked in over $67 million worth of stablecoins in a new yield farming project called APY.Finance within one hour of its launch. APY.Finance uses smart contracts to help uses generate as much interest as possible from liquidity provided to various other DeFi platforms using DAI, USDC, and USDT. Users are […]

Balancer ($BAL) and Ren ($REN) Are Getting Listed on Coinbase Pro

Crypto exchange Coinbase has announced that two new cryptoassets—Balancer (BAL) and Ren (REN)—are coming to Coinbase Pro, its trading platform for experienced/professional traders. On Thursday (October 1), Coinbase published a blog post that said that, based on demand from their customers, recently, they had listed the following cryptoassets: Uniswap (UNI), yearn.finance (YFI), Loopring (LRC), UMA (UMA) Celo (CGLD), Numeraire (NMR), Band […]

Veteran Crypto Investor: CFTC and DOJ’s Actions Against BitMEX Are Bad For DeFi

On Thursday (October 1), crypto investor Adam Cochran, explained why the actions of the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice against BitMEX are are bad news for decentralized finance (DeFi). On Thursday (October 1), the CFTC announced that it had brought charges against “five entities and three individuals” that own […]

High Profile Blockchain Startup Kadena Enters DeFi Space by Unveiling High Speed DEX

On Tuesday (September 29), Kadena, “the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence,” introduced a high-speed multi-protocol decentralized exchange (DEX) named Kadenaswap. Kadena calls itself “the world’s first & fastest hybrid blockchain platform.” Kadena’s platform has three components: a public blockchain, a permissioned network, and the Pact smart contract […]

Hacker Steals $15 Million From Unreleased DeFi Project Eminence

An unknown hacker has stolen over $15 million worth of cryptoassets from an unreleased decentralized finance (DeFI) project being built by Yearn.Finance founder Andre Cronje. The exploit allowed the hacker to mint new tokens, and steal funds in the process. Andre Cronje is a controversial developer in the space for his “I test in prod” […]

Uniswap becomes first DeFi Protocol With over $2 Billion in total value locked

Decentralized cryptocurrency exchange Uniswap has become the first decentralized finance (DeFi) protocol to surpass $2 billion in total value locked as users take advantage of the ongoing yield farming trend. Uniswap is a decentralized exchange that uses an automated market maker (AMM) model instead of the traditional order books. Users provide liquidity to Uniswap and […]

Surge in Ether Gas Prices Slowing Demand for Non-Fungible Tokens (NFTs)

Cargo start-up founder Sean Papanikolas says surging ethereum gas prices are limiting the growth of non-fungible token (NFT) marketplaces.

Head of Crypto at Visa Explains How Automated Market Makers Such As Uniswap Work

On Sunday (September 27), Cuy Sheffield, a Senior Director at Visa and the head of its crypto division, explained in layman terms how decentralized automated market makers (AMMs)―such as Uniswap, Balancer, and Curve―work. On August 6, the research arm of Asia-based crypto exchange Multi published a blog post that explained what AMMs are in the […]

Economist Nouriel Roubini Decides to Go After DeFi

On Thursday (September 24), American economist and well-known cryptocurrency and blockchain critic Dr. Nouriel Roubini (aka “Dr. Doom”), who calls himself an expert in asset bubbles, fired shots at decentralized finance (DeFi). Professor Roubini teaches at New York University’s Stern School of Business, and is chairman of Roubini Macro Associates LLC, an economic consultancy firm. During 2018, Roubini called blockchain “a glorified […]

Winklevoss Twins’ Gemini Exchange Lists Seven New DeFi Tokens

The Winklevoss twins’ cryptocurrency exchange Gemini has announced the listing of seven new decentralized finance (DeFi)-related tokens, including Uniswap’s UNI and Yearn.finance’s YFI. In an announcement, the cryptocurrency exchange revealed it’s also adding Balancer (BAL), Curve (CRV), Ren Network (REN), Synthetix Network (SNX), Uma (UMA). Gemini is also adding five new cryptoassets that aren’t related to DeFi: Decentraland (MANA), […]

Crypto Bull Lark Davis Points to New Trend for DeFi Market

Popular crypto influencer Lark Davis calls non-fungible tokens (NFTs) the next big thing for the DeFi industry, noting their application beyond digital art and gaming.

Crypto Hedge Fund Seeks $50 Million to Invest in DeFi Tokens

Cryptocurrency money manager Panxora is reportedly looking to raise up to $50 million for a new hedge fund to buy tokens associated with the decentralized finance (DeFi) space, at a time in which prices have been dropping. The decentralized finance space has been growing exponentially so far this year, after DeFi lending protocol Compound started distributing […]

Majority of Yield Farmers Don’t Understand Smart Contracts or Risks: Report

A survey conducted by CoinGecko found the majority of yield farmers had no understanding of smart contracts or the risks involved in DeFi protocols, despite reaping enormous profits.

Creator of Project That Surpassed $40,000 per Token Backing New DeFi Project COVER

Yearn.Finance founder Andre Cronje is providing advisory support for the rebranding of SAFE token to COVER, a new protocol that is set to launch in November.

Ethereum’s Pending Transactions Surged After Uniswap Launches Governance token

The number of pending transactions per minute on the Ethereum network jumped shortly after leading decentralized exchange Uniswap announced the launch of its UNI token, coupled with a 400 token airdropped to those who have used the protocol. The decentralized exchange’s announcement revealed it launched the UNI governance token, with a total of one billion […]

DeFi Protocol bZx Recovers $8 Million in Crypto Stolen in Third Exploit

Decentralized finance (DeFi) lending protocol bZx has revealed it managed to recover the over $8 million worth of cryptocurrency that an attacker stole from it earlier this week. On Twitter, the protocol’s official account announced it recovered the funds without providing the community with a lot of details. According to CoinDesk, a spokesperson for the […]

Popular Analyst Predicts Bitcoin Retreat to $9,000, Bullish on DeFi Project AMPL

Prominent crypto analyst Nicholas Merten predicts bitcoin’s price pulling back to $9K while saying DeFi altcoin AMPL be a top performer.

New DeFi Token Enjoys 1,100% Surge After Receiving Attention From Ethereum Creator Vitalik Buterin

The price of a new decentralized finance (DeFi) token has surged over 1,100% in a few days shortly after attracting the attention of Ethereum co-founder Vitalik Buterin, who praised its voting system. The DeFi token, Pickle Finance (PICKLE) has seen its price jump from around $5.88 on September 13 to over $75 at press time, […]

Binance Smart Chain Network Gaining Ground on Ethereum Transaction Volume

Binance Smart Chain accounts for 14 percent of the transaction volume of rival ethereum, as the native BNB exchange token seeks to make headway in the DeFi marketplace.

DeFi Protocol bZx Loses $8 Million in Third Exploit

Decentralized finance (DeFi) lending protocol bZx has suffered a third exploit, and this time the attackers got over $8 million in cryptocurrency by duplicating assets. The exploit, according to the bZx team, allowed the attackers to use flawed code to duplicate assets or increase their balance of interest-bearing tokens on bZx, dubbed iTokens. After noticing […]

DeFi Exit Scam Vanishes with $20 Million two Days After Launch

A supposed new liquidity mining pool on the decentralized finance ecosystem, YFDEX.Finance (YFDEX) has allegedly pulled an exit scam, leaving with $20 million worth of investors’ funds merely two days after launch. The supposed DeFi project ran a two-day campaign heavily promoting itself on social media, even incentivizing cryptocurrency giveaways on Twitter to get more […]

Yearn Finance (YFI) Is Getting Listed on Coinbase Pro, $YFI Surges 29%

On Thursday (September 10), Coinbase announced that it is going to list two exciting decentralized finance (DeFi) tokens on Coinbase Pro, its trading platform for experienced/professional traders. These two cryptoassets are DeFi platform yearn.finance’s YFI token and exchange protocol Loopring’s LRC token. Here is how Coinbase describes YFI: “yearn.finance (YFI) is a decentralized finance (DeFi) platform […]

EOS DeFi Project Moves Crypto Worth $2.5 Million in Apparent Exit Scam

A decentralized finance project on the EOS blockchain has moved $2.5 million worth of user funds in what appears to have been an exit scam. According to China-based auditing firm SlowMist, yield farming project Emerald Mine (EMD), based on the EOS blockchain, moved tokens supposedly locked in its smart contract to an account labeled “sji111111111.” […]

OKEx Announces New Interface with DeFi Giant Compound Finance

Cryptocurrency exchange OKEx has announced a new interface with DeFi giant Compound Finance, allowing users access to the interest-generating platform.

Binance Launches New DeFi Yield Farming Product

Leading cryptocurrency exchange Binance has announced the release of Launchpad, a new product for yield farming crypto assets.

Betting on DeFi? Crypto Insurance Products May be Worth Looking into

The decentralized finance (DeFi) space has been steadily growing, going form less than $500 million worth of cryptocurrencies locked a year ago to over $9 billion at press time. Data shows that the space’s exponential growth took off after DeFi lending protocol Compound started distributing its COMP governance token. A yield farming trend was started […]

FTX CEO Takes Over SushiSwap Following Master Chef’s $10M+ Cash Out

FTX CEO Sam Bankman-Fried announced he had taken over SushiSwap after the sudden and controversial cash-out by former founder Chef Nomi.

Uniswap Daily Volume Over $1 Billion as Yield Farming Craze Continues

Decentralized exchange Uniswap has become the first DEX to generate more than $1 billion in daily volume amidst the ongoing craze for yield farming.

Ethereum Transaction Fees Hit Record High as DEX Craze Continues

Ethereum transaction fees hit another all-time high on September 1, coinciding with a surge in volume for decentralized finance products.

Total Value Locked in DeFi Hits Surpasses $9 Billion as Centralized Exchanges Boost Liquidity

The total value of cryptocurrencies locked in the decentralized finance (DeFi) ecosystem has surpassed the $9 billion mark this week as centralized trading platforms are boosting token liquidity. According to data from DeFi Pulse, one year ago there were less than $500 million licked in the space, and its growth was relatively slow up until […]

Year Finance Vaults Could Push Ethereum into a New Bull Run, Analyst Says

Yearn Finance’s new yETH product, which will automatically find the highest yielding decentralized finance protocol, could launch the price of ethereum into a new bull run.

Binance Enters the DeFi Space With Mainnet Launch of Binance Smart Chain

Around 13:00 UTC on Tuesday (September 1), Binance announced that the successful mainnet launch of Binance Smart Chain, which is a high performance EVM-compatible blockchain that runs in parallel to the Binance Chain (launched in April 2019); this enables smart contracts and Binance Coin (BNB) staking. Binance introduced Binance Smart Chain on April 17. The […]

Ethereum Inventor Vitalik Buterin Is Worried About Yield Farming

On Monday (August 31), Vitalik Buterin, the author of the original Ethereum white paper (published in 2013) and a co-founder of the Ethereum Foundation, expressed his concern about the sustainability of the current state of the yield farming space. Here is how Binance Academy explains yield farming, one of the newest concepts in decentralized finance […]

Crypto Locked in Decentralized Finance Near $8 Billion After 85% Jump

The total value locked (TLV) in the decentralized finance (DeFi) space has jumped by over 85% so far this month, from $4.2 billion to a $7.89 billion high on August 30, before moving back down to $7.79 billion at press time. According to data from DeFiPulse, in just 27 days the total value of the […]

Solana-Powered ‘Serum DEX’ Goes Live

At approximately 12:13 UTC on Sunday (August 30), markets on the Solana-powered Serum DEX, which its developers (Project Serum) describe as “the world’s first completely decentralized derivatives exchange with trustless cross-chain trading”, went live. What is Solana? Solana is “an open source project implementing a new, high-performance, permissionless blockchain” that is maintained by the Geneva-based […]

Crypto Market Update: $BTC Trading Around $11500, $YFI Trading Over $25000

This article provides an update (as of 21:25 UTC on August 29) on the cryptoasset market, with a particular focus on the following digital assets: Bitcoin (BTC) and yearn.finance (YFI). To give you a rough idea of how well the crypto market is doing today, 41 of the top 50 cryptoassets (by market cap) are […]