Brazil's Central Bank Bans Stablecoin Use in Cross-Border Payments
Brazil's central bank has prohibited fintechs and payment firms from using stablecoins and cryptocurrencies for cross-border settlement, while retail investors …
DeFi
134 articlesDecentralized Finance protocols, DeFi yield strategies, and DEX insights
Crypto Hacks Hit $630M in April: DeFi's Security Crisis
April 2024 marked a devastating month for crypto security with over $630M lost across 25+ hacks. DeFi protocols faced the brunt of exploits despite ongoing secu…
Clarity Act Allows Stablecoin Rewards While Protecting Banking
The Clarity Act text permits crypto firms to offer stablecoin rewards through bona fide transactions while preventing deposit-like yield offerings that compete …
Carrot Protocol Collapses After Drift Protocol $285M Exploit
Carrot DeFi protocol becomes the first major casualty of the Drift Protocol exploit, with TVL plummeting 93% in just one month from $28M to under $2M.
North Korean Hackers Steal $6B in Crypto: DeFi Under Siege
Pyongyang-linked threat actors have stolen $6 billion in cryptocurrency, with $577 million drained from DeFi platforms in April alone. TRM Labs reveals North Ko…
EU Sanctions Target Russian Crypto Exchanges to Block War Funding
The European Commission has imposed sanctions on Russian cryptocurrency exchanges and stablecoins to prevent Moscow from using digital assets to circumvent exis…
DeFi Leaders Launch Rescue Fund for Aave Hack Victims
Major cryptocurrency industry players are mobilizing hundreds of millions in a coordinated recovery effort following a significant security breach affecting Aav…
Aave Raises 80% of $200M Kelp DAO Exploit Recovery Fund
Aave has secured nearly $160 million toward a $200 million recovery fund for bad debt from the Kelp DAO exploit, with Mantle and Aave DAO contributing $127 mill…
Morgan Stanley Becomes Reserve Manager for Stablecoin Issuers
Wall Street giant Morgan Stanley launches specialized fund to serve as reserve manager for stablecoin issuers, marking major institutional adoption in crypto.
BIS Flags Crypto Exchanges as Shadow Banks Over DeFi Risks
The Bank for International Settlements warns that cryptocurrency exchanges offering stablecoin yields and DeFi products operate as unregulated financial institu…