DeFi News

As traders and investors seek gains, this year’s Solana rebirth has buoyed SOL-native exchanges to the forefront of defi activity.

Asset management firm Franklin Templeton sees growing potential in Solana to cement itself as the third-largest cryptocurrency in the market. The asset manager with over $1.5 trillion in assets under management (AUM) took to X on May 2 to praise…

The Philippine Securities and Exchange Commission (SEC) is looking to introduce a regulatory framework for cryptocurrencies in the second half of 2024. According to a local report, SEC chair Emilio B. Aquino said the guidelines would aim to regulate cryptocurrency trading in…

The United States Department of Justice (DoJ) has arrested Maximilien de Hoop Cartier, a successor to the French luxury brand Cartier, over money laundering charges using cryptocurrency.  Per a May 2 indictment, the accused has been charged with drug trafficking…

The native token of the Render Network, RNDR, gained bullish momentum over the past week after touching a local bottom of $7. RNDR is up by 9% in the past 24 hours and is trading at $10.02 at the time…

One of the most significant impacts of daily-use web3 payments in developing countries lies in revolutionizing the way money transfers work on macro and micro scales.

Speaking to crypto.news in an interview, Andy Fajar Hardika, CEO of Loka Mining, discussed the evolution of decentralized finance (defi) on the Bitcoin network. On April 19, 2024, Bitcoin mining rewards were slashed in half. Mining a block will now…

India’s Enforcement Directorate (ED) has cracked down on two major crypto scams operating in the nation, duping investors by promising massive returns. The ED has managed to seize a staggering INR 90 crores (approximately $10.7 million) worth of cryptocurrencies, dealing a severe blow…

Decentralized protocol for cross-chain lending Pike Finance has suffered a $1.6 million loss due to weak security measures in functions managing USDC transfers. Pike Finance, a decentralized finance protocol specializing in cross-chain lending, fell victim to a hacking attack, resulting…

Bitcoin (BTC) price has been on a downward momentum over the past week with the asset falling below the psychological $60,000 mark amid heightened whale activity. BTC declined by 8% in the past 24 hours and is trading at around…

In April 2024, damage from cybersecurity incidents such as exploits and scams amounted to $25.7 million.

One in two Indians have included cryptocurrencies in their retirement plans. Per a survey conducted by the crypto exchange Mudrex, respondents between the ages of 20 and 60 were interviewed across a broad range of income brackets.  The results indicated that 45% of respondents…

Helium (HNT), a blockchain-based network designed for the Internet of Things (IoT), has experienced a price surge of 14.5% in the last 24 hours, now trading at $5.86. The latest surge comes at a time when the broader cryptocurrency sector…

According to industry insiders, the upcoming South African elections on May 29 will not affect the nation’s cryptocurrency agenda. According to Mpumelelo Ndamane, CEO of South Africa-based crypto wallet provider Nuud Money, the elections will steer clear of cryptocurrencies.  “We’ve been pretty…

Crypto exchange OKX has announced the launch of a new mining phase for Runecoin through its OKX Jumpstart platform. Starting at 7:00 am UTC on April 29 and concluding 24 hours later, a new initiative allows Bitcoin holders to stake…

Nearly a week after the halving, Bitcoin Runes have achieved a milestone as observers and participants alike deliberate over the impacts of this new standard.