DeFi News

The top 100 DeFi tokens had a bullish last week of May, with most of the tokens recovering from two weeks of bearish pressure. Newsletter Join us on social networks Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from […] More

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Swiss digital asset service provider, Taurus, has formed a strategic alliance with Ethereum blockchain scaling network, Polygon. Switzerland-based Taurus, a provider of services including custody, tokenization, and trading of digital assets, has announced a strategic partnership with Polygon, an Ethereum scaling […] More

Source: Screenshot of YouTube video on Rep. McHenry’s page Republican lawmakers teamed up in the US House Financial Services Committee and the House Agriculture Committee on a discussion draft to regulate digital assets. The legislation, released on Friday, seeks clarity on when a digital asset would be considered a security and thereby regulated by the […] More

Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period. News Join us on social networks The amount of cryptocurrency lost to “rug pull” or “exit scams” — where founders suddenly up and leave with investors’ money — had […] More

Source: Pexels Venture capital firm, Tribe Capital, has launched a new crypto fund to raise $100 million. The tribe plans to channel the funds into early-stage layer 1 and 2 ecosystems and DeFi projects. The San Francisco-based company with $1.6 billion in assets under management will invest $500,000-$3 million in these projects to bring real-world […] More

London, United Kingdom, May 31st, 2023, Chainwire Marking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled the findings of their comprehensive simulation, exhibiting new pricing efficiencies over traditional options desks ahead of the protocol launch in August 2023. This report delineates a milestone in financial technology, showcasing an altogether new […] More

Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem. News Join us on social networks Layer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero. Tenet has plugged into LayerZero’s cross-chain […] More

The key to unlocking this transformation and propelling the industry forward lies in embracing the regenerative economy. Innovation Circle Join us on social networks The TradFi mindset is holding crypto back  The constantly evolving ecosystem of decentralized finance (DeFi) has emerged as a groundbreaking and experimental alternative to traditional finance (TradFi), demonstrating immense potential while […] More

It appears that the DeFi industry continues to be a prime target for hackers. On the morning of May 28th, another exploit took place, this time taking aim at liquidity platform Jimbos Protocol. Jimbos Protocol got exploited today – May 28th. According to an update by PeckShield, the hack resulted in a loss of around […] More

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Jimbo, a decentralized finance (DeFi) protocol allowing users to earn interest on their digital assets, is the latest to suffer an attack resulting in the loss of 4,090 ethereum (ETH), worth $7.5 million, an update on May 28 shows. Jimbo Protocol […] More

DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control. Newsletter Join us on social networks Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. After a […] More