DeFi

Chainalysis: Criminals moved $34 million in crypto through DeFi in 2020

Chainalysis: Criminals moved $34 million in crypto through DeFi in 2020

Roughly $144.3 billion passed through decentralized exchanges (DEXs) in 2020, but not all transactions involved legally-obtained crypto. Blockchain analysis firm Chainalysis estimates that about $34 million of decentralized finance (DeFi) transactions were conducted by criminal actors.  Source: Chainalysis The $34 million figure might not sound like a lot — it’s only 0.02% of the estimated …

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DeFi Christmas: DEX Aggregator 1inch Launches Governance Token to Take On Uniswap

DeFi Christmas: DEX Aggregator 1inch Launches Governance Token to Take On Uniswap

Decentralized exchange (DEX) aggregator 1inch has issued its own governance token.  Users of 1inch and the Mooniswap DEX, founded by the same execs, will get rewarded with a Christmas gift of sorts and have a say on matters like fees, referral rewards and other governance issues. The token, named 1INCH and running on the Ethereum …

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DeFi project Pickle Finance exploited for nearly $20M in DAI

DeFi project Pickle Finance exploited for nearly $20M in DAI

Decentralized finance protocol Pickle Finance lost almost $20 million in DAI in an exploit on Saturday. Pickle Finance is a yield aggregation service similar to the yEarn protocol. The exploit on Saturday appears to involve Pickle Finance’s DAI pJar product, which leverages the Compound protocol to harvest yield with DAI deposits. Funds from the exploit …

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VXT token — The gateway token for global stablecoins and DeFi world – VXT Participation starts on Sep 14th

VXT token — The gateway token for global stablecoins and DeFi world

VXT Participation earing starts on Sep 14th Join the VirgoX Official Discord Server! Check out the VirgoX Official community on Discord – hang out with 206 other members and enjoy free voice and t VXT Participation earing starts on Sep 14th Join the VirgoX Official Discord Server! Check out the VirgoX Official community on …

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Market Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFi

Market Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFi

A bitcoin rally to new 2020 highs has been slowed by lower spot volume. Meanwhile, some ether investors are moving capital out of DeFi. Bitcoin (BTC) trading around $15,502 as of 21:00 UTC (4 p.m. ET). Gaining 2.6% over the previous 24 hours. Bitcoin’s 24-hour range: $15,190-$15,934 BTC near its 10-day moving average but above …

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Why DeFi is Fundamentally Strong

Why DeFi is Fundamentally Strong Despite Correction in Ethereum

Since the highs of August and September, top coins in the decentralized finance (DeFi) sphere have plunged dramatically. VirgoX market data indicates that coins such as Chainlink (LINK), Curve DAO Tok Since the highs of August and September, top coins in the decentralized finance (DeFi) sphere have plunged dramatically. VirgoX market data indicates that coins …

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Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Decentralized oracle platform Razor Network has raised $3.7 million in a seed funding round from NGC Ventures, Alameda Research, Spark Digital Capital and private investors including Mariano Conti, former head of oracles at MakerDAO. “Mariano really understands what we’re doing,” said Razor Network founder and CEO Hrishikesh Huilgolkar in an interview. “He probably created the …

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