Algofi, the prominent decentralized finance (DeFi) protocol operating within the Algorand ecosystem, recently made a surprising announcement that it will be discontinuing its operations. The protocol, which gained significant attention…
Multichain, a prominent blockchain platform, has experienced an overwhelming surge of abnormal outflows within the past 12 hours. The total value of the assets transferred to a new address, is…
Blend, a pioneering lending protocol, has revolutionized the way non-fungible tokens (NFTs) are used as collateral for loans. This cutting-edge platform matches users looking to borrow against their NFT collateral…
Tether Operations Limited (Tether), the leading provider of stablecoins, has announced its partnership with Kava, a layer-1 blockchain platform designed for scalability and speed. This collaboration will introduce U.S. dollar-pegged…
The ApeCoin ecosystem has fallen victim to a major hacking incident. The hacker, who goes by 0x8f7370D5d461559f24b83ba675b4C7e2Fdb514cC, has managed to exploit vulnerabilities within the system and gain approximately 630,000 USD…
Polygon, a leading blockchain platform, has unveiled its ambitious vision to construct the Value Layer of the Internet. This groundbreaking initiative aims to democratize access to the global economy, enabling…
With the increasing popularity of the LSD (Liquidity Staking Dollar) narrative, innovative mechanisms are emerging within the LSD space. Today, we introduce Tenet Protocol, a groundbreaking Layer 1 blockchain designed…
A new cryptocurrency, DeFi Tiger Token (DTG), has launched with the goal of raising awareness for tiger conservation. The token is built on the Binance Smart Chain network and is…
Gitshock Finance, a web3 startup company, is on a mission to accelerate mass blockchain adoption. The company consists of two public blockchains, one blockchain protocol, blockchain software as a service,…
Cardano builder Input Output Global (IOG) about the availability of Marlowe, a platform for financial products as smart contracts, on the Cardano mainnet. Marlowe Goes Live on the Cardano Mainnet…
MakerDAO, a prominent player in the decentralized finance (DeFi) space. MakerDAO has proposed a substantial increase in the DAI savings rate, aiming to stimulate growth and attract more users to…
Aave V2, a decentralized finance (DeFi) lending protocol operating on the Polygon network, has encountered a significant bug that has rendered approximately $110 million worth of user assets inaccessible. The…
Curve Finance Introduces crvUSD UI and Plans to Expand Market Offerings. Curve Finance, a prominent decentralized finance (DeFi) platform, unveiled the launch of its new crvUSD UI. This user interface…
On May 9, 2023, Spark Protocol will officially launch, providing a brand new decentralized finance (DeFi) solution for users seeking supply and borrow features for ETH, stETH, DAI, and sDAI….
As the world becomes increasingly digital, so too is the way we manage our finances. Decentralized finance (DeFi) platforms have been gaining popularity in recent years, offering a new way…
JPMorgan recently released a research report highlighting an intriguing development in the financial world. With the collapse of Silvergate Bank, Signature Bank, and Silicon Valley Bank, many fintech payment companies…
In response to the evolving landscape of stable coins and traditional banking systems, Binance has announced its plans to convert the remaining $1 billion Industry Recovery Initiative funds from BUSD…
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