DeFi News
OpenSea Bug Destroys $130,000 Worth of NFTs
On September 8, a bug was found on the NFT marketplace OpenSea that destroyed at least 42 NFTs worth around US$100,000, as reported by Nick ...
New WallStreetBets Defi App Aims to ‘Take Over’ Traditional Financial Markets
Popular subreddit WallStreetBets (WSB) aims to take over traditional finance with a new application called WSB DApp, a protocol that allows ...
RULER Token Down 87% as DeFi Insurance Provider Unexpectedly Shuts Down
Decentralised Finance (DeFi) project COVER and its lending affiliate RULER have closed down after the unexpected departure of the protocol&#...
SEC Begins ‘Actively Investigating’ World’s Largest DEX
The Securities and Exchange Commission (SEC) is reportedly investigating Uniswap Labs, the parent company of the leading decentralised excha...
Cream Finance to Pay Back Users $19 Million via Protocol Fees Following DeFi Hack
Cream Finance (aka C.R.E.A.M.), a popular decentralised lending protocol, has allocated 20 percent of all the fees it charges to repay affec...
ETH Soars 20% Amid Thriving NFT and DeFi Sectors
We are officially off to the races again as ETH leads the charge in a strong bullish ascent back up towards previous all-time highs after a ...
Fantom Token Surges 35% Amid Coinbase Wallet Support Announcement
Fantom announced on September 1 that its network is now supported on Coinbase Wallet, which means users can access and interact with the dec...
New Report: 58 Percent of Multinational Firms Are Using Crypto
A new report from PYMNTS (Payment News & Mobile Payments Trends) has revealed that almost six out of 10 multinationals are using at leas...
SEC Quietly Signs a Deal to Spy on Crypto DeFi Transactions
Without fanfare, the US Securities and Exchange Commission has contracted a Californian blockchain analytics firm to help monitor and regula...
Cream Finance DeFi Loses $19 million in Flash Loan Hack, its Second Breach in 6 Months
Decentralised finance (DeFi) platform Cream Finance has fallen victim to an exploit, the second time the protocol has been targeted. This la...
Solana Gains Steam, Breaking $100 to Become 8th Largest Crypto
Solana’s momentum is strong as it gained almost 50 percent in the past week, hitting new all-time highs daily in a steady upward climb...
Australia’s DeFi Adoption Growing Rapidly, Ranking 12th of 154 Countries
A newly published Global DeFi Adoption Index by Chainalysis ranks countries in terms of their grassroots DeFi adoption. The index includes t...