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Defi News

Kava successfully upgrades Mainnet and launches Liquid Staking

The Kava Network is a set of software. That works together to create a blockchain ecosystem that can connect with other software systems. The Kava 11 mainnet upgrade was completed on October 26th. On October 26 at 15:00 UTC, Kava launched its upgrade to the Mainnet. This connected Ethereum with Cosmos via the blockchain network. […]

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The DeFiChain blockchain is now available on Yield Monitor

The Yield Monitor, which is a tracker for people who invest in DeFi, has added the DeFiChain blockchain to its database. The DeFiChain is now Yield Monitor’s non-EVM mainnet integration, as indicated by the most recent cryptocurrency news. DeFiChain is joining other leading blockchains, including Algorand, Avalanche, Binance, Ethereum, Fantom, and Polygon in the Yield […]

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Moola Market, Cyberpunk repays over seven million dollars

A cyberpunk stole over eight million dollars from Celo-premised loaning protocol Moola Market on Tuesday. And repaid ninety-three per cent of the funds soon after. In the attack, over eight million CELO tokens, 765,000 cEUR, 644,000 cUSD, and 1.8 million MOO tokens were all stolen. The protocol has been paused due to the amount that was […]

Defi News

Why Does DeFi Insurance Need a Redesign? Technological Weakness

The inherent risk in the decentralized finance (DeFi) industry has been one of the most hotly debated subjects in the crypto market in recent months. It appears that scarcely a week passes by without investors experiencing significant losses in DeFi due to technological weaknesses or disproportional economic risks. Robust risk management is critical to accelerating […]

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Johnson & Johnson, and 3 others to join DeFiChain’s new dTokens

DeFiChain’s latest additions mean that for the first time, users will be able to mint and trade dTokens following the prices of a German ETF on the platform.On Friday, August 26th, DeFiChain announced four new decentralised tokens have been added to its blockchain. This blockchain is designed to bring decentralised financial applications and services to […]

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Smooth CeFi and DeFi affinity, Solana wallet Solflare fuses FTX

Solana wallet Solflare has introduced integration with foremost cryptocurrency exchange platforms FX.com and FTX US. Permitting users to manage their Solana DeFi and NFT portfolios using a simple interface. This move comes as part of Solflare’s increasing focus on CeFi-DeFi interactions and bringing the benefits of both to its users. The integration will allow FTX […]

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DeFi protocol CremaFinance milked for $8.7 million

This weekend, Solana’s CremaFinance liquidity network was hacked for over $8.7 million, according to the platform Monday. The attack follows from an exploit in the decentralized finance platform’s tick account, according to a Crema Tweet. The tick account is used to manage liquidity on the platform and monitor user deposits. “The attack was conducted by […]

Defi News

The UFT Price Forecast as Coinbase Lists Unilend Finance

As a result of the increasing demand for the unbranded finance (DeFi) token, the Unilend Finance price has skyrocketed. On May 17th, 2022, when the UFT cryptocurrency was trading at $0.3560, it was its highest level since then. At its highest point this year, the coin was up by 190 percent from its lowest position. […]

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No connection to Celsius contagion: The Crypto-lending Cake DeFi

The press release from Cake DeFi was fascinating to read the other day, and it made me think. The crypto-lending platform that has halted payments and may or may not be completely bankrupt was unveiled. In the aftermath of the Celsius collapse, which occurred as a result of a short but telling tweet from Celsius. […]

Defi News

For seven months, a $90 million DeFi hack went unnoticed

On October 8, 2021, the Mirror Protocol got hacked for 90 million dollars (around 71 million pounds), and more than seven months later. It was only disclosed that a multimillion-dollar heist had taken place. According to Twitter user FatManTerra, he found the breach by accident. The hack takes place on the DeFi platform dForce, which […]

Defi News

Interest in Blockchain: Binance starts a (BCAT) Tour in Africa

The world’s interest in blockchain is rising as a result. The need to educate the general public on blockchain and cryptocurrencies is increasing. As a consequence, Binance has announced the start of its Blockchain and Cryptocurrency Awareness Tour in Africa (BCAT). The tour seeks to promote blockchain and cryptocurrency technology in a bid to achieve […]

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