Auto Added by WPeMatico

TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021

The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17,…

Continue ReadingTVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021

Brazil Could Launch Its Defi-Integrated Digital Real in 2024

Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos…

Continue ReadingBrazil Could Launch Its Defi-Integrated Digital Real in 2024

Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed

On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion.…

Continue ReadingDecentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed

Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance

Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9…

Continue ReadingHacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance

US regulator to seek feedback on DeFi’s impact on financial crime

A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.

Continue ReadingUS regulator to seek feedback on DeFi’s impact on financial crime

BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit

Decentralized Web3 infrastructure provider Ankr has become the latest victim of a hacking attack targeting the defi space. The perpetrators who hit the platform were able to mint and steal…

Continue ReadingBNB Chain-Based Defi Protocol Ankr Suffers Major Exploit

US Lawmaker: FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance

U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We…

Continue ReadingUS Lawmaker: FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance

Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days

Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in…

Continue ReadingValue Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days

Fantom Network Launches Automated Smart Contract Audit System Watchdog to Monitor for Bugs

On October 27, the Fantom Foundation announced a collaboration with the security and analysis platform Dedaub in order to bolster Fantom’s decentralized finance (defi) ecosystem. Dedaub’s monitoring system called Watchdog…

Continue ReadingFantom Network Launches Automated Smart Contract Audit System Watchdog to Monitor for Bugs