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Ethereum-Based Akropolis DeFi Protocol Hacked, More than $2 Million Stablecoins Stolen

Ethereum-Based Akropolis DeFi Protocol Hacked, More than $2 Million Stablecoins Stolen

The recent hack suffered by Akropolis, an Ethereum-based DeFi protocol, resulted in a loss of more than 2 million DAI ERC-20 tokens.

Yearn.finance Founder Andre Cronje Introduces New DeFi Protocol Deriswap for Capital Efficiency

Yearn.finance Founder Andre Cronje Introduces New DeFi Protocol Deriswap for Capital Efficiency

Another project has been introduced by Yearn.finance’s founder, Andre Cronje. The new decentralized finance (DeFi) protocol unveiled by Cronje, is Deriswap.

Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%

Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%

With the recent boom of the decentralized finance (DeFi) industry, DeFi tokens have undergone more than a 100% gain on the crypto market over the past few weeks, outperforming Bitcoin.

DeFi Protocol to Enable Tokenized Stock Trading of Google, Amazon, and Tesla on Its Platform

DeFi Protocol to Enable Tokenized Stock Trading of Google, Amazon, and Tesla on Its Platform

Injective Protocol has partnered with Terra and Band Protocol to introduce stock trading on its platform.

EY, Microsoft and ConsenSys Create a Platform For Enterprises on Ethereum Mainnet

EY, Microsoft and ConsenSys Create a Platform For Enterprises on Ethereum Mainnet

Global accounting firm EY have launched their open-source Baseline protocol which aims to address privacy issues to encourage enterprise adoption of public Ethereum.

Filecoin (FIL) Token Price Sees Massive Plunge Days after Launch as Miners Go on Strike

Filecoin (FIL) Token Price Sees Massive Plunge Days after Launch as Miners Go on Strike

Filecoin was launched on Oct. 15, and just after one day after its mainnet launch, its miners turned off their machines to protest against the protocol.

Aave Reaches Highest Total Value Locked in DeFi, Overtaking MakerDAO for Most Collateral Staked

Aave Reaches Highest Total Value Locked in DeFi, Overtaking MakerDAO for Most Collateral Staked

Aave, an open-source and non-custodial lending protocol, recently reached $1.47B of crypto assets staked, overtaking MakerDAO, which has $1.45 billion in TVL.

Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach

Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach

Origin Protocol is the latest DeFi platform to lose $7 million due to hacking. The company has said that it is working to restore the stolen funds.

Telegram Resists the SEC Court Order to Reveal Financial Details of 2018 ICO

Telegram Resists the SEC Court Order to Reveal Financial Details of 2018 ICO

Telegram’s blockchain launch of TON faces delays as the recent court order by US Lawmakers requires the company to hand over documentation regarding the spending of their raised funds via ICO.

Chaintope Establishes Public Blockchain Protocol to Overcome Governance Challenges

Chaintope Establishes Public Blockchain Protocol to Overcome Governance Challenges

Chaintope, a Japanese blockchain startup, has developed a public blockchain protocol known as Tapyrus to tackle some of the governance issues currently being witnessed in the blockchain space. For instance, some of the challenges noted in public blockchains include privacy concerns and sluggish transaction speeds.

Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam

Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam

The founder of Ethereum-based smart contract platform Oyster Protocol has been arrested following an exit scam in which he reaped a multi-million dollar profit.

DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack

DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack

Yearn.Finance decentralized finance protocol suffered a $2.8 million loss after a flash loan attack, a scheme frequently seen in the fast-rising DeFi sector.

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