DeFi News

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. 

Marathon Digital has revised its 2024 hash rate goal upwards from 35-37 exahashes per second (EH/s) to 50 EH/s following recent acquisitions that expanded its capacity. Per an April 25 press release, Marathon’s CEO, Fred Thiel, said that the firm…

CryptoQuant CEO Ki Young Ju has voiced support for the founders of Samourai Wallet after their indictment by the U.S. Department of Justice for allegedly running a crypto mixing service implicated in laundering nearly $100 million. Ju has defended the…

Banking giant Morgan Stanley could soon allow its 15,000 brokers to pitch Bitcoin exchange-traded funds (ETF) to their customers. According to an AdvisorHub report citing executive sources, the bank has only offered these options on an unsolicited basis, meaning that…

BlackRock iShares Bitcoin Trust (IBIT) has seen its first day of $0 inflows since Bitcoin ETFs were launched in the United States in January. Since its start on Jan 11, IBIT has continuously drawn millions of dollars in daily investments,…

The NFT lending market hit a record $2.13 billion in Q1, up 43.6% quarter-over-quarter, with five of six top platforms seeing increased volumes. The lending market of non-fungible tokens (NFTs) has witnessed its leaders solidifying their positions, with the total…

The global cryptocurrency market witnessed a notable decline while data from Santiment shows that the majority of the tokens are in the opportunity zone. According to data from CoinGecko, the global crypto market cap plunged by 4.1% in the past…

The Velvet Capital team has urged users to avoid connecting their digital wallets to the protocol’s website, citing a potential front-end attack on the website. Velvet Capital, a decentralized finance (defi) protocol, that works as an asset management dashboard, may…