Defi Pioneer, Bancor, Under Fire for Pausing Impermanent Loss Protection Due to Hostile Market Conditions
Crypto Currency Bancor, a Decentralized Finance protocol often regarded as a pioneer in the DeFi ecosystem, has come under heavy scrutiny after it announced that it would…
Crypto and Defi Could Pose ‘Real Risks’ to Financial Stability – Regulation Bitcoin News
The president of the European Central Bank (ECB), Christine Lagarde, says crypto assets and decentralized finance (defi) have the potential to pose “real risks” to financial stability….
Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi
The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet its financial obligations on June 15 and this caused severe impairments among centralized lending providers like…
DeFi summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms
Decentralized exchange (DEX) Uniswap has overtaken its host blockchain Ethereum in terms of fees paid over a seven-day rolling average. The surge appears part of a recent…
NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security
The explosiveness and high dollar value of nonfungible tokens (NFTs) seem to either distract investors from upping their operational security to avoid exploits, or hackers are simply…
Klaytn-Based DeFi Accelerator Krew Nurtures New Wave of DeFi Startups
Krew, a Klaytn DeFi Accelerator, has been launched. The accelerator raised $4 million to support DeFi projects in the EVM-compatible blockchain. KLAP recorded 100,000 pre-registration entries within…
Why cross-chain interoperability matters for DeFi
The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations…
DeFi Total Value Locked (TVL) Declines 35% In One Month To 15-Month Lows
The decentralized finance (DeFi) market has taken a massive hit with the recent crypto market downtrend. The space which had been the breakout star of 2021 had…
DeFi Platform Bancor Halts ILP Due to “Hostile Market Conditions”
Bancor Network has paused its Impermanent Loss Protection (ILP) for users. They reassure users that there are no ongoing attacks and that funds are secure. A Twitter…
What decentralization? Solend approves whale wallet takeover to avoid DeFi implosion
On June 19, the decentralized finance sector came under scrutiny again after DeFi protocol, Solend put together a spur-of-the-moment governance proposal related to one of the whale…