Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’
Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3 ecosystem.Stani Kulechov, founder and CEO of Avara (formerly Aave Companies), tells Cointelegraph that the company’s growing number of offerings, including liq ...
Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next ...
Aave pauses several markets after reports of feature issue
Decentralized finance (DeFi) protocol Aave paused a number of markets on Nov. 4 after receiving reports of an issue affecting “a certain feature,” according to a post on X (formerly Twitter). The pause affects multiple networks, including Aave V2 Ethereum Market and certai ...
Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study
Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identifying and measuring systemic risk in decentralized finance (DeFi) institutions. The new protocol is called the Global Systematically Important Protocol (G-SIP), and it’s ba ...
Chainlink launches cross-chain protocol bridging blockchain to TradFi
The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains.In a July 17 post on the Chainlink blog, Chainlink ...
Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted
Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the Ethereum mainnet, with $2.19 million worth of GHO minted so far.Aave announced the launch of the new stablecoin in a July 16 blog post, describing the new stablecoin GH ...
Bitcoin price support at $30K opens the door for gains from UNI, ARB, AAVE and MKR
Bitcoin (BTC) attempted to break away from its boring sideways price action on July 13, following Ripple’s legal victory over the United States Securities and Exchange Commission, but the enthusiasm proved to be short-lived. Sellers pulled the price back into the range on July 14, indicating that ...
LTC, XMR, AAVE, and MKR turn bullish as Bitcoin stalls under $31K
Bitcoin (BTC) has been trading in a narrow range for the past few days but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows.As the second half ...
Trader takes $4M short position on TrueUSD as issuer halts mints and redemptions
Following TrustToken’s decision to temporarily halt mints and redemptions of its TrueUSD (TUSD) stablecoin through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position.According to on-chain data, an Ethereum user utilized ...
Bakkt Delists Several Tokens and Cryptocurrencies, Shifts Focus from Retail Customers
Cryptocurrency platform Bakkt, owned by Intercontinental Exchange, announced the delisting of a large number of tokens and cryptocurrencies as part of its move away from retail customers. The list of tokens that will no longer be listed on the platform includes large and po ...
Aave Introduces Bonsai Solution to Increase Transaction Volume in Decentralized Social Media Apps
The Aave developers have announced a new solution called Bonsai, which is designed to increase the number of processed transactions in the Lens Protocol blockchain-based social network ecosystem. The solution aims to address the scalability issue faced by social networks on the blockchain. Wit ...
Cyber Attacks Continue to Plague the Cryptocurrency Industry
PeckShield, a cybersecurity agency, has reported that hackers have breached the DeFi Yearn.Finance protocol and made off with $11 million worth of cryptocurrency assets. Reports earlier indicated that the Aave V1 protocol had been hacked, but Aave developers clarified that the protocol was not co ...
Shiba Inu Whale Moves Almost a Quarter of a Trillion SHIB Tokens in a Single Transaction
A colossal "whale of the market" in the form of Shiba Inu has made an enormous transfer of nearly a quarter of a trillion SHIB mem tokens in a single transaction. Etherscan, a blockchain data-monitoring service, reported that a major investor moved almost 260 billion SHIB tokens, with a value of ...
AAVE Freezes BUSD Reserves Following NYDFS Ban and Decreasing Market Demand
The unanimous approval of the proposal to freeze BUSD reserves in the Ethereum Aave V2 pool took effect on February 27th. According to comments posted on the official DeFi AAVE protocol resource, the decision to block Binance USD (BUSD) stablecoins was made despite the fact that BUSD is not a borrow ...