DeFi

Dubai, United Arab Emirates, September 17th, 2024, Chainwire Bybit Web3, the Web3 arm of Bybit, is thrilled to announce its participation in the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. From Oct. 1 to Oct. 30, 2024, the WSOT 2024 DEX Wave will challenge participants to trade on-chain as part of their push to win big in the WSOT competition. It also marks the world’s first DEX talent competition by democratizing the space, inviting participants…

Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocol’s users. The attack took $6 million from the project’s pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Hackers Drain $6 Million From DeFi Protocol On Monday morning, cyber security platform Cyvers Alerts informed the community about the ongoing attack on DeFi borrowing protocol Delta Primes. The initial report revealed…

The week saw some interesting developments in crypto, with the UK proposing a bill recognizing digital assets as personal property, marking a notable step in regulatory efforts and Donald Trump announcing his DeFi project, World Liberty Financial. Let’s find out more.  Bitcoin BlackRock, the world’s largest asset manager with over $9 trillion in assets, is positioning Bitcoin as a key tool in navigating growing global financial instability.  Ethereum Ethereum Name Service (ENS) has integrated with PayPal and Venmo, enabling users…

Republican presidential candidate Donald Trump has officially unveiled the launch date of his decentralized finance (DeFi) project, World Liberty Financial.  Key Features of World Liberty Financial The World Liberty Financial project, teased by Trump and his family over the past two months, is set to debut on September 16, 2024, with Trump hosting a live event on Twitter Spaces to mark the occasion.  According to the project's white paper, users will have access to a digital wallet, credit account system,…

The bearish nature of the market has seen investors and traders move strategically toward capital preservation. Examples of top crypto coins experiencing a downtrend include DOGS and PEPE. Despite the bearish nature of the market, a new DeFi token is creating bullish prospects and profitable ROI for investors. Read on as we unveil this mystery DeFi project! ChatGPT Spotlights FXG as the New DeFi Bullish Prospect FXGuys is a decentralized FX ecosystem designed to empower traders with real capital and…

Leading decentralized finance lending aggregator Summer.fi has announced its litepaper for the "Lazy Summer" protocol, a significant advancement in DeFi aimed at simplifying yield optimization. The Lazy Summer protocol introduces an automated, permissionless lending and staking system that continuously rebalances user assets across top DeFi protocols to optimize yields and mitigate risks. This innovative approach is designed to make passive income generation in DeFi more accessible and efficient. "Lazy Summer redefines passive lending in DeFi," said Chris Bradbury, CEO of…

Cayman Islands, Cayman Islands, September 12th, 2024, Chainwire The first-of-its-kind DeFi liquidity protocol focusing on redefining trust and security for DeFi Granite, a groundbreaking Bitcoin DeFi liquidity protocol that empowers users with unprecedented security and control over their Bitcoin assets, today announced its launch. Incubated by Trust Machines, Granite represents a significant evolution in the DeFi landscape, setting new standards for transparency and user-centric financial services – all backed by the power of Bitcoin L2s. Granite enables BTC users to…

The post DeFi Crypto Presales: Leading Projects with High-Growth Potential appeared first on Coinpedia Fintech News The decentralized finance (DeFi) ecosystem has experienced explosive growth in recent years, revolutionizing the way financial services are accessed and utilized. A significant part of this growth has been fueled by crypto presales, where projects raise capital by selling their tokens before they’re publicly available. In this article, we’ll explore some of the leading DeFi crypto presales with the potential for substantial returns.  1.…

The post Solana Challenges Ethereum’s Throne as DeFi King: Why Mainnet Launch Could Push DTX to 1440% Rally appeared first on Coinpedia Fintech News As Solana (SOL) continues to gain traction in the DeFi space, it poses a significant challenge to Ethereum (ETH) ‘s dominance. With the upcoming DTX mainnet launch, there is speculation that this event could spark a massive 1440% rally, drawing even more attention to Solana’s growing ecosystem. In this article, we will discuss how Solana’s advancements…