The dYdX Foundation, an independent decentralized finance (DeFi) nonprofit founded to support the dYdX protocol, recently launched a public testnet for its latest version, v4. According to the foundation, this puts dYdX ahead of schedule […]
Non-custodial decentralized finance (DeFi) protocol, Arcadia Finance, is the latest victim of a $455,000 exploit that occurred on both the Ethereum and Optimism networks. Confirming the hack, Arcadia revealed that it is working with security […]
The digital asset market continues to experience one of its longest, most bitter winters in recent history, leading established companies in the space to introduce a fresh round of crypto job cuts. Prominent NFT firm […]
Warner’s The Flash goes Web3, to a lack of applause… Warner Bros.’ nonfungible token (NFT) unit has unveiled a new Web3 experience for the recently released DC Comics superhero movie, The Flash, which reportedly flopped at […]
A pair of researchers from the University of Texas at Austin and Princeton University conducted a study to determine how tokenization affects decentralization in decentralized autonomous organizations (DAOs). Their findings indicate that many of the […]
For the first time since March 16, 2022, the value locked in defi has fallen below $200 billion. While the cryptocurrency market lost billions this week, the total value locked (TVL) in decentralized finance protocols […]
Algorand-based decentralized finance (DeFi) protocol, Algofi, has announced winding down its operations. In a statement, Algofi cited a “confluence of events” as the reason behind its decision that has rendered it no longer viable to […]
Regulatory heat on the crypto industry intensified in the previous quarter. Facing the brunt are several sectors, including the DeFi and NFT, that demonstrated a troubling state. The blockchain gaming sector, on the other hand, […]
The investigative work of independent blockchain sleuth ZachXBT has been cited in a class-action lawsuit in Canada against Boneheads, an alleged $3.1 million nonfungible token (NFT) rug pull. Tweeting on July 7, ZachXBT highlighted that […]
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Amid the growing number of hacks in […]
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