Even This Hydraulics Firm Takes Crypto, DeFi, NFT & Metaverse Plunge

Source: Adobe / Oleg Doroshin South Korean hydraulic company Sewon E&C, which is listed on the Korea Stock Exchange, is in the final stages of entering into a deal with a major Decentralized Finance (DeFi) player regarding a proposed…

Badger DAO Appears to Have Lost Over USD 120M in an Attack

Badger DAO, a Decentralized Autonomous Organization (DAO) that allows Bitcoin (BTC) to be used as collateral in Decentralized Finance (DeFi) applications, has been the victim of an exploit. The project was originally thought to have lost…

BIS Sees ‘Important Role’ for DeFi, Pushes for Increased Regulation

A new report from the Bank for International Settlements (BIS), sometimes referred to as the central bank of central banks, finds a somewhat surprising finding that decentralized finance (DeFi) may play an "important role" in the traditional…

Coinbase Offers DeFi Yield Product To Users In 70 Countries

In an effort to make decentralized finance (DeFi) more accessible to its customers, major US cryptocurrency exchange Coinbase says it is allowing users in 70 countries to buy a lucrative DeFi product using its DAI crypto holdings. The exchange…

Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services

The dYdX Decentralized Exchange (DEX) was down for 9 hours from noon Monday through Tuesday morning due to a major outage in Amazon's Amazon Web Services (AWS) cloud services network, again sparking controversy over decentralization. Some…