DeFi Warp Protocol Losses $7.7 Million in a Flash Loan Attack

Lending protocol, Warp was exploited with a complex flash loan attack for $7. 7 million worth of stablecoins. Hacken Club audited the project. The attack on Thursday allowed the hacker to borrow more than their collateral value resulting in a loss of stablecoin lender funds.

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Avalanche Blockchain Integrates Dollar-backed Stablecoin, TrueUSD (TUSD)

TrustToken’s stablecoin, TrueUSD, is lining up to become the first-ever stablecoin on the Avalanche blockchain, reports to BEG to confirm. According to the statement, the fully-backed stablecoin will launch on Avalanche in Q1 2021 to impact the growth of DeFi atop the blockchain.

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TrueUSD to be first USD stablecoin in Avalanche’s DeFi ecosystem

Today it was announced that TrueUSD (TUSD), a fully-backed stablecoin attested independently live and on-chain, is launching the first USD stablecoin on the Avalanche blockchain platform in Q1 2021.

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Equilibrium’s Polkadot-native stablecoin will integrate with Moonbeam

The two Polkadot parachains will communicate to create a unified DeFi environment.

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SEC’s Hester Peirce on DeFi & Crypto: Regulation Will Harm Disenfranchised

One of the biggest stories in crypto and in decentralized finance (DeFi) of the past few weeks is the potential regulation that may affect this space. A number of confirmed stories and rumors indicate that there is going to be an increase in the measures placed on cryptocurrency exchanges and stablecoin providers. Brian Armstrong, CEO […]

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Huobi’s Dollar Pegged Stablecoin, HUSD, to Debut on Nervos Blockchain

Nervos, the public blockchain eyeing to rival Ethereum for China’s DeFi market, is integrating the HUSD stablecoin, according to an announcement on Dec 8. HUSD is a dollar-pegged stablecoin issued by Stable Universal Limited, an Huobi-backed venture.

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Synthetix's sUSD listed on Binance's Innovation Zone

Synthetix has been a prominent project in decentralized finance [DeFi] that allows derivatives trading. Its synthetic stablecoin asset, sUSD tracked the value of the USD Dollar and has also been experThe post Synthetix's sUSD listed on Binance's Innovation Zone appeared first on AMBCrypto.

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Visa Integrates USDC Stablecoin

Visa, the global payment network and credit card giant has announced plans to integrate with USDC, a leading stablecoin that […] The post Visa Integrates USDC Stablecoin appeared first on DeFi Rate.

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Taxes Driving Stablecoin Adoption Says Kraken Survey, How?

3% of some 350 active users of Kraken have given a somewhat surprising response to what is driving stablecoin adoption. While the vast majority said decentralized finance (defi) or a...

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Blockchain Bites: Bitcoin All-Time High Puts It on Pace for Highest Monthly Close

PLUS: Anonymous developers have forked a seemingly dead project to launch DeFi’s latest stablecoin.

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DeFi Project Basis Cash Brings Its Defunct Stablecoin Back into Market

Continue reading at Coinspeaker

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‘Basis Cash’ Launch Brings Defunct Stablecoin Into the DeFi Era

With Basis Cash, a team of anonymous developers is making what might be called a fork of a project that never launched.

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$100M In Crypto Loans Liquidated On Compound After ‘Bizarre’ 30% Spike In DAI Price

Almost $103 million in loan collateral has been liquidated on Compound Finance, a DeFi lending and borrowing platform, over the last 24 hours after a price spike on DAI stablecoin on Coinbase. According to data aggregator, LoanScan, a further $7.

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$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit

Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin.

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Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI

Decentralized finance (defi) protocol Pickle Finance was hacked for $19. 7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling from $23.

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Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85%

The OUSD stablecoin issuer, Origin Protocol is the latest Defi protocol to fall victim to a flash loan attack. The attack, which occurred in the early hours of Tuesday, on November 17, resulted in the disappearance of tokens worth millions of dollars.

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Origin Dollar Loses $7 Million in Flash Loan DeFi Exploit

The Origin Dollar stablecoin (OUSD) has been exploited and the team behind the project has revealed a loss of at least $7 million. As reported by BeInCrypto in September, Origin Protocol launched the OUSD stablecoin to allow holders to earn yields without depositing large amounts of collateral.

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Origin Protocol Loses $7M in Latest DeFi Attack

Stablecoin project Origin Dollar (OUSD) sustained a re-entrancy attack at 00:47 UTC Tuesday resulting in a loss of funds worth $7 million.

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Hackers Drain $2 Million in DAI From Defi Protocol Akropolis

Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry. The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI.

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MakerDAO’s DAI Stablecoin Breaks $1B Market Cap

The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.

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TrustToken Taps Chainlink for On-Chain Proof of Reserves for TrueUSD Stablecoin

The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins.

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Uncollaterized Power: A Makerdao Governance Vote Was Swayed by a Defi Flash Loan

The Makerdao and the stablecoin DAI has been a popular project in the decentralized finance (defi) space and it’s also had its share of problems. This week the project called Bprotocol leveraged a defi flash loan in order to sway a Makerdao governance vote.

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Harvest Finance Hacked for $24 Million, Puts Bounty on Alleged Attacker

According to reports on Oct 26. 2020, nearly $24 million in value has been siphoned from the liquidity pools of Harvest Finance, a major decentralized finance (DeFi) protocol. Harvest Finance subsequently confirmed the hack, stating that the protocol is “working actively on the issue of mitigating the economic attack on the Stablecoin and BTC pools.

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DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: DCG State of Crypto 2020 Survey

39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders survey “State of Crypto 2020. ” The sector has seen immense growth in 2020 and continues to hit new highs; just today, a new record was set of $12.

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DeFi Craze Drives Stablecoin Market Cap to $20 Billion

This year’s decentralized finance (DeFi) frenzy has driven such a demand for stablecoins that their combined market capitalization now exceeds $20 billion. This is more than any other cryptocurrency aside from Bitcoin and Ethereum.

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Ethereum Value Transactions Now Outstrip Bitcoin Two-to-One

Massive spikes in stablecoin and decentralized finance (DeFi) transactions have seen Ethereum (ETH) overtake Bitcoin (BTC) in total value transaction volume. The Ethereum network has also suffered multiple network congestions owing to this uptick.

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AI Start-Up TEAL and CorionX Join Hands to Develop a Sustainable Crypto Currency System

TEAL, the smart blockchain ecosystem, is partnering with CorionX, the Corion Foundation that supports stablecoin and DeFi awareness through its #MoneyInTheRightDirectionMovement. The aim of the...

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Asset manager: Activist investors may save Ethereum DeFi token Curve (CRV) as token price hits all-time lows

Curve is by far one of the most popular platforms used for stablecoin swaps, cross-chain interoperability, and synthetic assets. The post Asset manager: Activist investors may save Ethereum DeFi token Curve (CRV) as token price hits all-time lows appeared first on CryptoSlate.

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DefiDollar Launches DFD Token with Retro Rewards and Liquidity Mining

DefiDollar – a stablecoin aggregator – have announced liquidity mining and retroactive rewards for the launch of their native governance […] The post DefiDollar Launches DFD Token with Retro Rewards and Liquidity Mining appeared first on DeFi Rate.

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Shell Protocol Launches Stablecoin AMM

Shell Protocol – a stablecoin AMM – has launched its first pool on mainnet. 1/ We are now LIVE! Shell […] The post Shell Protocol Launches Stablecoin AMM appeared first on DeFi Rate.

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Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps).

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CorionX Looks to Solve Stablecoin Roadblocks with New Partnership

The Corion Foundation, a Swiss company laser-focused on encouraging the world-wide adoption of stable coins, decentralized finance (DeFi), and central bank digital currencies (CBDCs), has just formed a strategic partnership with the Syscoin Foundation — the official body that represents Syscoin: a highly-scalable platform that makes interoperability between Ethereum and other blockchains accessible to anyone.

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CorionX Teams Up with Syscoin to Push Stablecoin Adoption

Coinspeaker CorionX Teams Up with Syscoin to Push Stablecoin AdoptionThe Corion Foundation, the non-profit behind CorionX, a platform that looks to usher in the next wave of adoption for stablecoins, central bank digital currencies (CBDCs), and decentralized finance (DeFi), has now teamed up with the Syscoin Foundation to help address market interoperability issues and drive stablecoin adoption.

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DeFi Stablecoin Liquidity Pool Launched on Shell Protocol

Another day brings another new liquidity offering in the world of decentralized finance (DeFi), and today, it comes in the form of a stablecoin pool. However, it’s entering an already crowded market.

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RSK Infrastructure Framework integrates DAI stablecoin to expand Bitcoin in DeFi

When it comes to the DeFi ecosystem at large, there seems to be a lot of eagerness with regard to the growth of Bitcoin’s DeFi space and on those lines, another startup has taken up the expansion ofThe post RSK Infrastructure Framework integrates DAI stablecoin to expand Bitcoin in DeFi appeared first on AMBCrypto.

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Binance Launches Venus – A Decentralized Stablecoin And Digital Assets Lending System

Binance has unveiled a new DeFi protocol Venus on its rapidly growing blockchain ecosystem Binance Smart Chain to generate decentralized stablecoin assets and allow digital assets lending. Venus (XVS) is a Money Market and Stablecoin DeFi platform on Binance’s blockchain ecosystem that will enable lending/borrowing of digital assets, and generation of synthetic assets based on […]

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Binance запускает децентрализованную систему криптокредитования

Криптовалютная биржа Binance представила проект под названием Venus Protocol. “@VenusProtocol’s money market and stablecoin issuance platform can bring DeFi access and yield to CeFi users to a larger extent.

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DeFi’s Favorite Stablecoin Backed by More than 60% Centralized Assets

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Akash Network to Integrate Kava’s USDX Stablecoin on the World’s First Decentralized Cloud Marketplace and DeCloud for DeFi

Akash Network, the world’s first decentralized cloud computing marketplace and the first DeCloud for DeFi, announced today an integration with Kava, the first cross-blockchain DeFi...

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Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge

Fintech giant Plaid has added support for two DeFi applications, the IRS wants to know about your crypto and stablecoins have passed the $20B milestone.

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How Dai is Dominating the World of NFTs and Digital Art

This week’s DeFi frenzy has been all about non-fungible tokens (NFTs) and digital art. Recent findings have indicated that the Dai stablecoin is at the center of it all. The monumental surge in MEME prices and influencer shilling of SHROOM has catalyzed the latest DeFi fad consisting of NFTs and crypto collectibles.

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Blockchain Bites: BTC on Ethereum, DeFi’s Latest Stablecoin, the Currency Cold Wars

Mick Mulvaney joined the Chamber of Digital Commerce, Origin launched a stablecoin and DeFi Pulse fixed a bug.

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Sprawling DeFi Sector Pushes Tether (USDT) to $15 Billion

The total market cap of Tether (USDT) has crossed $15 billion for the first time. The expanding DeFi sector appears to be driving usage of the controversial stablecoin. The USDT market has increased by around $3 billion in the last month alone.

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Latest DeFi Flavor ‘Pickle’ Aims to Alleviate Stablecoin Volatility

New DeFi yield farming platforms have been coming thick and fast over the past month or so with new opportunities popping up almost every day. The latest offering garnering attention is Pickle Finance which aims to help mitigate the relative instability in stablecoins.

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Swerve Gets Listed on Binance; Sees Total Value Locked (TVL) Surge to $856 Million

Swerve continues to grow and gain a wider presence.  Just today, the DeFi token has been listed to the leading spot cryptocurrency exchange Binance. The exchange announced the listing of SWRV against its native token BNB and its stablecoin BUSD.

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eToro Launches Universal Basic Income Platform, GoodDollar, Letting Users Earn G$ Stablecoin

eToro announced the GoodDollar. org project would entail users staking their assets into a pool and yield farm on popular DeFi projects such as Compound and Aave. The protocol creates an ongoing money flow of basic income that is given away to users.

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Empow Launches Ocean DeFi: Pioneer in Making Interchain Social-Integrated DeFi Products

Coinspeaker Empow Launches Ocean DeFi: Pioneer in Making Interchain Social-Integrated DeFi ProductsBased on the designed model, Ocean DeFi comprises 3 marketplaces and a stablecoin which will serve as the governance token for the ecosystem.

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Stablecoin market cap increases by $100M every single day

‘DeFi yields and interest rates are clearly a vacuum sucking in a lot of stablecoins,’ says Coin Metrics’ Nic Carter.

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Money Market Protocol Aave Settles $300 Million in Defi Flash Loans

This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time soon.

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