Posts

Another DeFi Hack: PancakeSwap, Cream Finance Websites Compromised

Source: Adobe/Negro Elkha At least two major decentralized finance (DeFi) projects - Pancakeswap (CAKE) and Cream Finance (CREAM) - later today, urged their users to stay away from their websites that were hit with so-called DNS-hijacks. (Updated…

Trader’s Lesson: Why You Shouldn’t Keep Large Amounts of Crypto in MetaMask

Source: a screenshot, Instagram/metamask.io While most of the crypto world was enjoying new all-time highs this past weekend, popular crypto trader under the Twitter pseudonym notsofast went through a personal crypto nightmare as his Metamask…

Too Costly Ethereum is Pushing DeFi Users Away, Fuelling BNB Rally

Source: Instagram, Binance Binance coin (BNB) is now the third-highest cryptocurrency by market capitalization after its price rose by more than 40% in 24 hours. BNB now stands at USD 270 (13:45 UTC), with the native token of the Binance exchange…

Tron's Emoji Gets Into Awkward Situation While Justin Sun Goes "All In" On DeFi

Source: Adobe/immimagery Justin Sun's Tron (TRX) has attracted more unwanted media attention this week after French politician Georges Tron was convicted of rape and sexual abuse of staff, flooding France’s social media with the #tron hashtag…

DeFi vs. Bitcoin Debate Starts a New Round

Source: Adobe/sommersby In the industry where memes can dictate the value of a cryptoaset, wars of narratives are intensifying amid fresh capital entering the nascent crypto space. While the never-ending Ethereum (ETH) vs. Bitcoin (BTC) debate…

Yearn's YFI Drops Following a USD 11M-Heavy Exploit

Source: Adobe/Negro Elkha Decentralized finance (DeFi) protocol yearn.finance's YFI dropped more than USD 4,000 after one of its DAI lending pools was drained of USD 11m in an exploit. Yearn's YFI governance token saw an abrupt USD 4,190 drop…

'DeFi Will Eat JPMorgan' But There Are Risks Before That Meal

Source: Adobe/concept w Decentralized finance (DeFi) protocols are estimated to grow in a decade or two to tower over legacy financial substitutions, such as major US-based investment bank JPMorgan, but there are specific, inherent risks that…

South Korean Software Behemoth Hancom Wades into DeFi Arena

Source: Facebook/hancom.inc A group of South Korean companies, including a subsidiary belonging to the software giant Hancom is set to launch a DeFi (decentralized finance) project – marking a first for a collective of major companies for…

New Regulatory Lemons Await Somewhere Between DeFi & CeFi

Source: Adobe/Tim UR While local and global regulators are yet to target the nascent DeFi (decentralized finance) world, some industry players warn that the interaction between DeFi and CeFi (centralized finance) sectors will bring even more…

YFI and SUSHI Rally as DeFi Superpowers Headed for Merger

Source: Adobe/Nik_Merkulov The DeFi protocol yearn.finance (YFI) is set to merge with SushiSwap (SUSHI), another leading DeFi protocol, with their respective tokens surging. SUSHI is up 27% in the past 24 hours, trading at USD 1.87 (09:11 UTC),…