Cardano's DeFi Total Value Locked Reaches All-Time High
July 4 (Cointime) - One way to measure the health of a blockchain network is by looking at the state of its Decentralized Finance (DeFi) ecosystem, specifically the Total Value Locked (TVL). Despite some price volatility, Cardano (ADA) has seen a subtle but notable growth in its DeFi TVL, reaching an All-Time High (ATH) of 557.62 million ADA coins locked on associated DApps.
Hacker With $42 Billion in Wallet Exploits Interoperability Platform Poly Network
July 4 (Cointime) - Poly Network, a decentralized finance (DeFi) cross-chain protocol, has suffered another major hack affecting 57 different crypto assets on 10 different blockchains. The hacker used forged proofs to launch withdrawal operations on cross-chain bridge contracts, according to blockchain security firm Beosin.
CFTC's Technology Advisory Committee to Discuss Decentralized Finance and Ooki DAO Case
June 28 (Cointime) - The Technology Advisory Committee of the Commodity Futures Trading Commission is scheduled to hold a meeting on July 18 in Washington D.C. to discuss decentralized finance, including decentralized autonomous organization (DAO) models and the recent Ooki DAO case.
Inter Protocol Launches IST Vaults for Minting Stable Tokens with Interchain Assets
June 28 (Cointime) - Inter Protocol, a leader in decentralized finance, has launched IST Vaults, which allows users to mint IST stable tokens using interchain assets, starting with ATOM.
Cardano Founder Charles Hoskinson Counters FUD with Facts, Highlights Real Adoption and Decentralization
June 28 (Cointime) - Cardano founder Charles Hoskinson is pushing back against critics spreading fear, uncertainty and doubt (FUD) about the blockchain. Responding to claims that Cardano DeFi has no total value locked (TVL) and institutions are not interested in the protocol, Hoskinson urged the community to look for positive signals and emphasized that Cardano is gaining real adoption and growing in a completely decentralized way.
EU’s New Crypto Regulations Take Effect, but Calls for MiCA 2 Already Underway
June 27 (Cointime) - The European Union's new crypto regulations, Markets in Crypto Assets (MiCA), will take effect on June 29th, with certain regulations on stablecoins being enforced in a year's time, and the rest by the end of 2024.
Solity Network Launches Bitcoin Insights Dashboard to Enhance Risk Assessment in DeFi Ecosystem
June 26 (Cointime) - Solity Network, a leading technology company, has launched the Bitcoin Insights Dashboard, an innovative platform that aims to revolutionize the way individuals and businesses understand the fundamental workings of Bitcoin.
DeFi Hub SOLA-X to Launch Fundraising Campaign on AngelBlock for Enhanced User Experience
June 26 (Cointime) - SOLA-X is set to raise funds on the AngelBlock platform from June 29 to July 8 in order to enhance the user experience of decentralized finance (DeFi).
Tres Finance Warns About DeFi Scam Involving Fake Tokens Mimicking Legitimate Transactions
June 26 (Cointime) - Tres Finance, a Decentralized Finance (DeFi) protocol, has alerted the community to a scam involving fake tokens that mimic legitimate transactions. Scammers target wallets with large amounts of stablecoins like Tether (USDT) or USD Coin (USDC) and create similar-looking wallet addresses, along with tokens that imitate legitimate ones.
Solity Network Enables Customization And DeFi Risk Modeling For Spool Users
June 23 (Cointime) - Spool DAO, an infrastructure for decentralized finance (DeFi), has integrated Solity Network as its first external Risk Model Provider. This integration allows Spool users to build Smart Vaults using Solity Network's advanced AI-powered risk framework, expanding choice and flexibility in risk management for decentralized investment.
