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Daily Defi News from Across the Web

Daily Defi News from Across the Web

BitMart to Compensate by its Own Funding, Covering Loss of Security Breach for Victims amid Hacking

BitMart CEO, in a series of tweets on Monday, December 6, announced that the company will use their own funding to cover the security breach that saw hackers withdraw about $150 million... Read more »

Is the Rise of Decentralized Finance an “Illusion”? BIS Thinks so!

The Bank of International Settlements (BIS) has called the growth in the decentralized finance (DeFi) ecosystem an “illusion” while detailing the development of the industry in a new report published Monday. The global... Read more »

Bitcoin Hashrate Has Almost Completely Recovered after Dropped by 93%

After experiencing a rocky weekend where lows of $42K were hit, Bitcoin (BTC) has back above the psychological price of $50,000. The leading cryptocurrency was standing around $50,429 during intraday trading, according... Read more »
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Hong Kong-Based Chiron VC Raises $50M for Launching Terra Ecosystem Fund

One of Asia’s biggest Venture Capital firms, Chiron Partners, has launched a $50 million ecosystem fund christened the Chiron Terra Fund I (CTI), aimed at supporting innovative projects that are emerging from... Read more »
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Acala Wins First Parachain Auction Slot on Polkadot

Riding on the strength of over 81,000 community members, Acala Network, an Ethereum-compatible smart contract platform optimized for Decentralized Finance (DeFi) won the first parachain auction on the Polkadot network. The historic milestone... Read more »
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Stress Test Passed: These Metaverse Tokens Prove Resilient While Other Cryptos Fall

Despite crypto investors’ growing accustomed to volatility, it always puts them on their toes when BTC price drops drastically. A selloff in the stock market spilled into crypto, causing Bitcoin and Ethereum... Read more »
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Crime across DeFi Platforms Surged to $10.5B in 2021

The decentralised finance (DeFi) sector continues to take the world by storm, having scaled the heights to become a billion-dollar industry worth $86 billion, according to market insight provider DeFi Pulse.  Nevertheless,... Read more »
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Investors are Switching From Stocks to Crypto, Here is Data to Prove It

Cryptocurrencies emerged with the launch of Bitcoin (BTC) a little over a decade ago, but they are fast becoming the better investment alternative even for hardcore traditional market investors. A recent data... Read more »
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Africa Blockchain University Partners with YIELD App to Enhance NFT Education

YIELD App, a digital wealth management platform, has collaborated with African Blockchain University (ABU) to enrich African artists about the value they can get from the booming non-fungible tokens (NFTs) sector.  Speaking... Read more »
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Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High

Despite making significant strides in 2021, high gas fees in the Ethereum (ETH) network have been a big headache. Nevertheless, users have a sigh of relief because Ethereum’s median fees have dropped... Read more »

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