DeFi

Beanstalk Stablecoin Protocol Hacked for at Least $76M
Beanstalk Stablecoin Protocol Hacked for at Least $76M
April 17, 2022  |  Cryptocurrency

Beanstalk, an Ethereum decentralized finance (DeFi) protocol, has been hit with a hack and lost $76 million, a report said. The report noted that the...

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PYMNTS DeFi Series: What Is an Automated Market Maker? The Beating Heart of DeFi
PYMNTS DeFi Series: What Is an Automated Market Maker? The Beating Heart of DeFi
April 05, 2022  |  Blockchain

Welcome to PYMNTS’ series on decentralized finance, or DeFi. In these articles, we’ll be looking at every part of DeFi — the biggest, hottest, most...

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UK Stakes Claim to Crypto Leadership, Cites Friendly Regulatory Climate
UK Stakes Claim to Crypto Leadership, Cites Friendly Regulatory Climate
April 05, 2022  |  Cryptocurrency

As British Economic Secretary John Glen announced plans to embrace stablecoins and make “dynamic” regulation of crypto technologies part of a broad plan to make...

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Citi’s Magical MetaFi Tour Predicts a $13T Metaverse Financial System, Infinite Payment Rails by 2030
Citi’s Magical MetaFi Tour Predicts a $13T Metaverse Financial System, Infinite Payment Rails by 2030
April 04, 2022  |  Metaverse

By 2030, 5 billion people — more than half the world’s population — will be trading in daily drudgery for the metaverse’s 3D immersive virtual...

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Betting Big, Hacker Risks $3M to Con DeFi Lending Protocol out of $15.6M
Betting Big, Hacker Risks $3M to Con DeFi Lending Protocol out of $15.6M
April 04, 2022  |  Security & Fraud

A hacker who gambled $3 million that a decentralized finance (DeFi) protocol was exploitable hit the jackpot over the weekend, coming away with a tidy...

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In $625M Hack, a Bigger Crypto Security Problem Is on Display
In $625M Hack, a Bigger Crypto Security Problem Is on Display
April 03, 2022  |  Cryptocurrency

How do you steal $625 million? In the case of the Ronin Network, a cross-chain bridge that lets people make payments on one blockchain using...

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PYMNTS Crypto Crime Series: Latest DeFi Hack Drains Record $625M
PYMNTS Crypto Crime Series: Latest DeFi Hack Drains Record $625M
March 30, 2022  |  Security & Fraud

The PYMNTS crypto crime series looks at the capers that have not only been committed in the cryptocurrency industry but have defined it — and...

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The Case for Stablecoins: A Better, Safer, More Innovative Payments Solution Than Bitcoin
The Case for Stablecoins: A Better, Safer, More Innovative Payments Solution Than Bitcoin
March 29, 2022  |  Cryptocurrency

There are few segments of the cryptocurrency industry that get as much focus from policymakers as stablecoins. Ever since Meta panicked elected officials, central bankers...

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DeFi Advocates Blast Proposed SEC Rule Change as Crippling ‘Shadow Attack’
DeFi Advocates Blast Proposed SEC Rule Change as Crippling ‘Shadow Attack’
March 29, 2022  |  Cryptocurrency

The Securities and Exchange Commission (SEC) is making a “shadow attack” that is designed to kill decentralized finance, according to several prominent attorneys in the...

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