DeFi Protocol Holding 55% of Algorand Value to Shut Down
Algofi, the largest decentralized finance protocol on layer-1 blockchain Algorand, said it will shut down and plans to halt lending, borrowing and trading imminently. Source
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DeFi
Arcadia Finance loses $455m in defi protocol hack
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Arcadia Finance, a decentralized finance (defi) protocol, has suffered a major setback, falling victim to a code exploit, resulting in a significant loss of approximately $455,000. The breach was initially detected by blockchain security firm PeckShield, which
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DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455k
A hacker drained approximately $455,000 from non-custodial decentralized finance (DeFi) protocol Arcadia Finance by exploiting a code vulnerability.Blockchain investigator PeckShield alerted about the hack on Arcadia Finance, pointing out the cause as “the lack of untrusted input validation.” The code supposedly lacked a validation mechanism to cross-check unverified inputs. This
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GMX popular in DEX trading but this token likely to take over DeFi
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In 2023, the market capitalization of the global cryptocurrency industry reached $1.2 trillion, which exceeded expectations considering the regulatory challenges faced by many crypto platforms in the previous year. Despite these challenges, there remains a sustained
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DeFi ‘circuit breaker’ could slash hack losses by 70%: Finance Redefined
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.Amid the growing number of hacks in the DeFi ecosystem, a smart contract developer has made a new Ethereum request for comment (ERC)
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European trade body warns against the exclusion of DeFi from MiCA
The Association for Financial Markets in Europe (AFME), an industry advocacy group that represents wholesale market participants in Europe, called for the inclusion of the decentralized finance (DeFi) sector within the recently passed Markets in Crypto-Assets (MiCA) regulations.MiCA is considered the first potential piece of comprehensive crypto legislation and is
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ETH DeFi ‘circuit breaker’ could cut hack losses by 70% — Developer
A decentralized finance “circuit breaker” could have prevented billions of dollars worth of crypto being stolen from DeFi protocols in 2022, according to the developer of the newly published ERC-7265 proposal.A new Ethereum request for comment (ERC) was published on Github on July 3. In it, the lead developer Diyahir
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BarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probe
BarnBridge DAO members have been told to pause “all work” related to the project after a reported probe by the United States Securities and Exchange Commission (SEC).In a July 6 post to the platform’s Discord channel, Douglas Park, a lawyer for the decentralized autonomous organization revealed the news to members.“I
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Aave, Radiant Among Firms Adopting Balancer’s 8020 Initiative for Tackling Lack of Liquidity in DeFi
In order to participate in protocol governance at the moment, token holders must stake the protocol's native token, which reduces the circulating supply and capital on decentralized exchanges. Under the new model, holders can stake Balancer Pool Tokens (BPTs), allowing them to take part in governance proposals while the underlying
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Blockchain Project Interlay Wants its New Platform to Become a ‘One-Stop-Shop for Bitcoin DeFi’
“Financial freedom means different things to different people,” Zamyatin explained. “For some, it means that they can hedge against fiat by buying bitcoin and just holding it, but not everybody earns and has enough capital to be able to just put something aside and use it as an investment. There's
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