Defi News Archives - Cryptominded

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Binance Executive Detained in Nigeria

The leading cryptocurrency exchange in the world, Binance, is currently mired in a legal dispute in Nigeria. Tigran Gambaryan, the exchange’s executive, was imprisoned for five weeks before being charged with money laundering. In support of Gambaryan, Binance has issued an official statement claiming that he has no decision-making authority within the organisation. The circumstances […]

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BRICS Forge Ahead with Digital Currency System

Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, also known as the BRICS countries, have unveiled a ground-breaking plan to transform their financial networks. They intend to use blockchain technology and digital currencies to develop a stand-alone payment system in a daring step towards de-dollarisation. This represents a dramatic […]

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Moola Market has been Compromised for $8.4 Million

The assailant fled with Moola’s MOO token and other Celo-related tokens. Moola Market Exploited for $8.4 Million According to researcher Igor Igamberdiev, the Moola Market has been abused for $8.4 million. The attacker used MOO and CELO tokens to influence pricing for financial gain. Moola Market has acknowledged the event and is offering a reward […]

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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 […]

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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 […]

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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. […]

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