RedStone's integration with TON blockchain could significantly enhance TON's DeFi ecosystem, driving innovation and growth through reliable data feeds.
The post RedStone integrates oracle price feeds into TON blockchain appeared first on Crypto Briefing.
Data demand for The Graph Network surged 84% in Q2, driven by increased subgraphs and a free query plan. The Graph Network Mainnet and Arbitrum accounted for most queries. Edge & Node’s CEO Tegan Kline praised the successful upgrade of The Graph’s hosted service to the decentralized network. She noted that the increase in queries […]
The regulator charged the former DeFi protocol and its co-founders for allegedly misleading investors and unregistered broker activity involving its pools.
The United States Securities and Exchange Commission (SEC) has settled with decentralized finance (DeFi) protocol Rari Capital and its co-founders for allegedly misleading investors and unregistered broker activity.
According to a Sept. 18 announcement, the SEC claimed that Rari Capital’s Earn and Fuse pools “functioned like crypto asset investment funds,” allowing investors to deposit crypto assets in lending pools and earn returns from their investments. The complaint alleges that Rari Capital conducted unregistered offers and sales of securities by selling interests in these pools and their tied governance tokens.
In addition, the SEC contends that Rari Capital and its co-founders — Jai Bhavnani, Jack Lipstone, and David Lucid, allegedly misled investors into believing the Earn pools would automatically and autonomously rebalance crypto assets for the best yield. According to the agency:
Trillions of dollars will flow into Web3 once the details of the Internet of Contracts are worked out.
The value of tokenized real-world assets (RWA) will exceed that of cryptocurrencies on Web3 in the next few years, Chainlink co-founder Sergey Nazarov said in his keynote presentation at TOKEN2049 in Singapore on Sept. 18. That surge of value flowing from traditional finance (TradFi) will drastically alter the nature of the blockchain industry.
“This is the role I think we should all be preparing for. […] TradFi will be the largest customer of DeFi [decentralized finance],” Nazarov said. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) may have a crucial role to play in an emerging Internet of Contracts that will link central bank digital currency, asset chains, consortium chains and public blockchains, he added.
The Chainlink oracle network “already powers the majority of DeFi,” having enabled $15.49 trillion in transaction value since 2022, Nazarov said. For TradFi to use blockchain technology, it needs access to a variety of types of data, including live data, “to make TradFi smart contracts function properly.”
The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves penalties, injunctions, and bars against the individuals involved, with violations stemming from unregistered securities offerings and deceptive practices. SEC Charges Defi Platform Rari Capital […]
This year, Bitcoin layer two (L2) solutions and sidechains have gained incredible traction, with the top ten Bitcoin-based sidechains or L2 protocols now controlling a combined $1.31 billion in total value locked (TVL). The latest figures reveal that more than 56% of this total is held within two prominent networks: Core and Bitlayer. Core and […]
1inch claims that the feature has built-in security against maximal extractable value (MEV) attacks.
Decentralized exchange (DEX) 1inch revealed a new feature that allows users to swap their digital assets cross-chain while retaining self-custody of the assets.
The “Fusion+” feature combines both onchain and offchain liquidity to deliver swaps. The DEX claims the feature has built-in protection against maximal extractable value (MEV) attacks.
The feature is powered by atomic swap technology, which, according to 1inch, is designed to support “all-or-nothing” transactions. If a swap fails, all the funds are returned to the sender.
The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions […]Google Cloud's new service could significantly lower barriers for web3 developers, potentially accelerating blockchain innovation and adoption.
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According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $5.07 billion. Despite this decrease, ethereum continues to pour into liquid staking derivative (LSD) platforms, with 29 distinct LSDs pulling in nearly $1 billion worth of ether during […]
