DeFi Archives - KogoCrypto | Latest & Breaking News from Cryptocurrency | Bitcoin | Altcoin | Blockchain

A total of approximately $12.7 million in tokenized Bitcoin has been stolen from the BSC-based cross-chain composability platform pNetwork. pNetwork, a cross-chain DeFi platform, has...

News

There are a few reasons why Cardano’s inventor may be mistaken about DeFi being in a bubble.

September 18, 2021

Many blockchains, including Cardano, have rebuilt themselves in the months since Decentralized Finance (DeFi) was introduced. However, Cardano's founder, Charles Hoskinson, feels that the entire...

News

Minterest, an Estonian ‘auto liquidation’ DeFi platform, raises $6.5 million.

September 17, 2021

Minterest intends to reinvest all fees, interest, and revenue back into the protocol for the benefit of its users. Minterest, a DeFi protocol, has just...

News

Arbitrum’s TVL increases to $1.5 billion when DeFi degens ape into ArbiNYAN.

September 14, 2021

Despite the fact that the price of its native token fell by more than 90% in 24 hours, more than $1 billion in Ether remains...

News

The rise of stablecoins and DeFi make central bank currencies ‘urgent,’ according to the Bank for International Settlements.

September 11, 2021

Traditional banking is under threat, according to Benoit Coeuré, head of the Bank for International Settlements' Innovation Hub. According to Benoit Coeuré, head of the...

News

DeFi Land raises $4.1 million for the launch of a decentralised finance game on Solana.

September 9, 2021

Two of the most important themes in the bitcoin and blockchain industries are decentralised banking and gaming. DeFi Land, a blockchain gamification platform, has raised...

News

According to Chainalysis, institutional investors dominated the DeFi scene in Q2.

September 8, 2021

In Q2 2021, big-money players accounted for the vast majority of transactions in the decentralised finance crypto market. The decentralised finance (DeFi) market looks to...

News

The Ruler and Cover DeFi protocols are being phased out as a result of a huge developer exodus.

September 6, 2021

Protocol for DeFi insurance The remaining treasury monies will be distributed to token holders, according to Ruler and Cover. In a candid open letter, the...

News

Lobby Lobsters NFT drop raises $4 million in an hour for DeFi lobbying efforts

September 6, 2021

All proceeds from secondary sales will also be used to assist DeFi's global lobbying activities. Nonfungible tokens (NFT) portraying cartoon lobsters in suits earned more...

News

DeFi Insurance Protocol Coverage Is Terminated, and Token Value Drops

September 5, 2021

Protocol for DeFi insurance Cover has thrown in the towel after the project's developers left. “It is with conflicted emotions that I announce the end...

News

The surge in activity and token prices indicate that ‘DeFi Summer 2.0′ has already begun.

September 1, 2021

DeFi platforms have seen a continuous increase in user activity and token values, prompting some analysts to declare that the 'DeFi Summer 2.0' has begun....

News

MetaMask has surpassed 10 million monthly active users while DeFi continues to grow.

August 31, 2021

Despite the DeFi and NFT booms, demand for noncustodial wallets remains high. MetaMask has benefited the most, with active monthly users increasing 19-fold in just...

News

Leading DeFi projects have launched a $100 million global adoption push.

August 30, 2021

The Celo ecosystem-based effort found a lack of inclusion and accessibility in traditional financial markets. A coalition of major decentralised finance (DeFi) technologies has announced...

News

Cream Finance’s DeFi platform suffers a $19 million loss as a result of a flash loan hack.

August 30, 2021

Cream Finance's hacker made $18.8 million by exploiting a reentrancy weakness in the AMP token in 17 transactions. Cream Finance, a significant decentralised finance (DeFi)...

News

Defi: Here’s why it’s critical to reduce legal and financial risks.

August 29, 2021

Regulators all across the world have already found it impossible to regulate Bitcoin and other cryptocurrencies. The advent of decentralised protocols has only exacerbated the...

Kogo-Crypto-School

What exactly are DeFi loans?

August 29, 2021

DeFi loans are one of the most rapidly expanding segments of the bitcoin ecosystem. They enable cryptocurrency owners to earn income by lending their holdings...

News

Chainlink’s DeFi Price Feeds are now available to Solana Developers.

August 25, 2021

Builders now have access to trustworthy price data thanks to the presence of Chainlink oracles on Solana's developer network. The fast-growing sector of decentralized finance...

News

Luna Yield, a Solana DeFi Protocol, has gone dark after receiving $6.7 million in cryptocurrency.

August 21, 2021

Luna Yield has vanished, taking with it $6.7 million in investor monies. Investors in Luna Yield, a recently launched DeFi yield aggregator, are concerned that...

News

According to the SEC’s chairman, DeFi platforms are “very centralised” and must be registered.

August 20, 2021

According to SEC chairman Gary Gensler, many DeFi projects are "very" centralised in some ways since they are built by a "core group of persons"...

News

Galaxy Digital collaborates with Bloomberg on a DeFi index.

August 19, 2021

Bloomberg reports that the nine DeFi assets included for the index at launch were chosen based on "institutional trading and custody preparedness" in the United...

News

Avalanche Rush will distribute more than 180 million dollars in DeFi incentives.

August 19, 2021

The multi-stage scheme will begin with $27 million in tokens for the Aave and Curve protocols, with further incentives reserved for Avalanche native projects. Smart...

News

Is DeFi the true cause for crypto-inclusions in US infrastructure bills?

August 19, 2021

Is DeFi the true cause for crypto-inclusions in US infrastructure bills? The last-minute crypto-tax provisions introduced to the US Infrastructure Bill, which was passed earlier...

News

Vitalik believes that token-based decentralised governance is holding back DeFi.

August 18, 2021

Buterin believes that coin voting should be expanded beyond its current form, proposing “proof-of-humanity” or “proof-of-participation” options. Vitalik Buterin, co-founder of Ethereum, has taken a...

News

The Treasury Department wishes to ‘capture DeFi’ with an infrastructure bill: Chervinsky, Jake

August 18, 2021

Jake Chervinsky, general counsel at Compound Labs, has warned that the Treasury Department intends to "grab" the DeFi industry through the crypto measures added to...

News

The DAO Maker crowdfunding platform has suffered a $7 million loss as a result of the newest DeFi vulnerability.

August 13, 2021

CipherBlade is investigating the incident and has discovered a Binance account related with the attacker. Hackers took assets from over 5,000 user accounts on the...

News

The Story of the Biggest DeFi Hack Ever

August 11, 2021

DeFi's meteoric rise has drawn more than simply fresh investors. Over 70% of big hacks and fraud in 2021 have been DeFi-related. Poly Network was...

News

AAVE and COMP are boosting DeFi lending, but will ‘caveat emptor’ suffice?

August 7, 2021

Since the summer of 2020, when the DeFi market was launched, it has increased 40 times. In fact, the total amount locked at the time...

News

The SEC is claiming its first enforcement action in a $30 million fraud case involving the DeFi project.

August 7, 2021

The SEC stated, "The labelling of the offering as decentralised and the securities as governance tokens did not prevent us from ensuring that DeFi Money...

News

True decentralisation is the only thing that can save DeFi projects, according to Crypto Mom.

August 6, 2021

SEC Commissioner Pierce believes that the only way for DeFi founders to avoid financial regulation is to ensure full decentralisation from the start. The Securities...

News

The price of Aave has reached a two-month high due to Wall Street’s optimism about DeFi adoption.

August 6, 2021

After Bitwise Investments announced an Aave-focused fund for institutional investors, bids for the lending platform token skyrocketed. Aave demand has skyrocketed in the last 24...

Analysis

Here’s how women can enter the DeFi scene in style.

August 1, 2021

As difficult as it is for women to enter the DeFi space, several notable women share their perspectives on their industry goals and aspirations. When...

News

PayPal is planning to launch cryptocurrency trading in the United Kingdom and may use DeFi.

July 30, 2021

The global payments platform wants British customers to be able to trade cryptocurrency through its new "super app." PayPal, the global payments platform, is eyeing...

News

Traders are anticipating a “DeFi Summer 2.0” as TVL and token prices rise.

July 28, 2021

A rally in blue-chip DeFi tokens, as well as the sector's rising total value, has traders optimistic about a prolonged rally. Decentralized finance (DeFi) was...

News

The new ‘DeFi’ ETF from Goldman Sachs is anything but.

July 27, 2021

Goldman Sachs has registered for a “DeFi” exchange-traded fund (ETF) that will monitor key companies such as Nokia, Google, and Fujitsu. The proposed fund, branded...

News

After Bitcoin rises above $39,000, DeFi tokens see double-digit gains.

July 26, 2021

After a short squeeze brought Bitcoin price within a hair's breadth of $40,000, the prices of AMP, XVS, and RSR all saw strong breakouts. On...

News

DeFi, by definition, cannot be fully regulated, according to the president of Siam Commercial Bank.

July 26, 2021

According to Arak Sutivong, DeFi necessitates a framework for long-term and sustainable interactions with traditional finance. Arak Sutivong, CEO of SCB 10X and president of...

Analysis

Finding a happy medium: Are traditional financial institutions ready for DeFi?

July 25, 2021

The announcement of Aave Pro, a DeFi platform exclusively for institutional investors, suggests that the big boys are finally ready to play with blockchain. Cryptocurrencies...

Analysis Markets

Commercial banks are drawn to the DeFi industry? Siam makes a bet with a $110 million fund.

July 24, 2021

Thailand's oldest bank believes blockchain and DeFi are the future of global finance and plans to invest in the emerging digital landscape. While serious institutional...

News

A DeFi-Ethereum season is unlikely unless…

July 24, 2021

The cryptocurrency industry has had a rough start to the third quarter. Despite recent recoveries, bearish pressure has crept up on Bitcoin, which has fallen...

News

The Cosmos ‘Internet of Blockchains’ has partnered with the DeFi Oracle Band Protocol.

July 23, 2021

Cosmos-based blockchains can now access a plethora of data feeds made available by the decentralised Oracle Band Protocol. Oracle for cross-chain data Band Protocol has...

News

After revealing plans to bring DeFi to Bitcoin, the price of Stacks (STX) has increased by 195 percent.

July 23, 2021

The price of STX increased by 195 percent following the introduction of smart contracts, which enabled the launch of DeFi and NFTs on the Bitcoin...

News

DeFi protocol supported by 3AC Tranchess has been launched to track the performance of Bitcoin.

July 22, 2021

Tranchess is now live on the Binance SmartChain, offering investors a Bitcoin tracking token as well as yield farming options. Su Zhu, CEO of Three...

News

New DeFi futures will allow you to hedge against Bitcoin mining difficulty.

July 22, 2021

The decentralised Bitcoin Hash Rate Futures offered by SynFutures aim to allow miners to speculate on the difficulty of Bitcoin mining. Exchange of decentralised derivatives...

News

For DeFi degens, Ethereum must think beyond DApps: Vitalik Buterin

July 22, 2021

As Ethereum's second layer scaling advances, Vitalik Buterin encourages the community to go beyond DeFi. Ethereum co-founder and main developer Vitalik Buterin pushed the Ethereum...

News

Grayscale targets institutional DeFi funds

July 19, 2021

Grayscale Investments is planning to launch a fund focused on blue-chip assets in the decentralised finance industry. Grayscale's CEO, Michael Sonnenshein, has announced the launch...

News

Terra raises $150 million for the DeFi Ecosystem Fund.

July 18, 2021

The decentralised stablecoin concept is gaining traction. Terraform Labs, the South Korean startup behind the Terra public blockchain, has secured $150 million in funding from...

Kogo-Crypto-School

What Exactly Is the DeFi Pulse Index Token (DPI)?

July 18, 2021July 18, 2021

The DeFi Pulse Index allows you to purchase one token and receive exposure to the most important tokens in decentralised finance. The index fund, ah,...

News

Harmony launches a $1 million hackathon to combine traditional finance and DeFi.

July 17, 2021

The hackathon will last six weeks, from August 15 to September 30, and will comprise four tasks from three distinct categories. The Harmony blockchain has...

News

DeFi investors may suffer as a result of the rapid growth of cryptocurrency exchanges.

July 16, 2021

Some question if DEXs are manipulating their figures as they continue to amass billions of dollars in TVL within days of their introduction. With the...

News

DeFi on Bitcoin: Square’s new division, according to Jack Dorsey, will make it happen

July 16, 2021

Jack Dorsey has announced intentions to create an open developer platform centred on Bitcoin DeFi services. Square CEO Jack Dorsey has disclosed that the company...

News

Ethereum, Uniswap, Polygon, and BSC: The DeFi party has moved to this network.

July 16, 2021

During its early stages, the DeFi market set the basis for the creation of a slew of blockchain networks, including Ethereum and Binance Smart Chain....

News

Analyst focuses on three macrometrics that clearly demonstrate DeFi sector development.

July 15, 2021

A bird's-eye perspective of the DeFi sector reveals that, despite falling asset values, the ecosystem is quickly expanding. Decentralized finance (DeFi) has been one of...

News

The 1inch Foundation has launched a $3 million funding programme for DeFi developers.

July 15, 2021

The awards programme will be awarded to developers in the form of 1INCH tokens over the following 12 months. As part of a grants programme...

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The ‘DeFi Education Fund’ defends the contentious $10.2 million UNI liquidation.

July 15, 2021

The DeFi Education Support has justified its surprise $10 million liquidation in UNI, stating the action was required to “begin its work and fund future...

News

CertiK, a blockchain security startup, raises $37 million to tackle DeFi and crypto threats.

July 14, 2021

Coatue Management and Shunwei Capital co-led the Series B financing round, with Coinbase Ventures also participating. CertiK, a blockchain security startup, raised $37 million in...

News

What does this mean for DeFi’s “blue chips”?

July 14, 2021July 14, 2021

While the overall crypto-market mood appears to be declining, DeFi usage is continuing to rise at an exponential rate. The DeFi ecosystem is showing no...

News

How DeFi Tokens, Aave, Synthetix, and THORChain Mount Bullish Rally

July 13, 2021

Several coins in the decentralised finance ecosystem extended their recent price gains. Today, a number of decentralised finance (DeFi) coins, including Synthetix (SNX), Aave (AAVE),...

News

DeFi is once again in the sights as ChainSwap loses $8 million as a result of an exploit.

July 11, 2021

Cross-chain bridge ChainSwap has been attacked by a second exploit in eight days, which is a major blow to DeFi fans. The overall losses from...

News

Japan pushes for restrictions on the ‘benefits and potential’ of DeFi.

July 10, 2021

Decentralized finance has been making headlines for some time now, stealing business from centralised financial institutions and disempowering conventional middlemen. Its growth has been fueled...

News

Is ShibaSwap safe to use? The DeFi Safety assessment gives it a score of only 3%.

July 8, 2021

Concerns have been raised about ShibaSwap's openness and security. Despite the early success of ShibaSwap, the dog-themed decentralised exchange, there are worries that the DEX's...