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Yearn Finance suffers exploit, says $2.8 million stolen by attacker out of $11 million loss

Yearn Finance suffers exploit, says $2.8 million stolen by attacker out of $11 million loss

DeFi platform Yearn.Finance said Thursday that one of its pools of funds had been exploited, resulting in the loss of $2.8 million.

The post Yearn Finance suffers exploit, says $2.8 million stolen by attacker out of $11 million loss appeared first on The Block.

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Yearn Finance DAI Vault ‘Has Suffered an Exploit’; $13.8M Drained

“Attacker got away with 2.8m, dai vault lost 11.1m,” a Yearn Finance developer posted in Discord.

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TokenSoft to Trade Digital Securities on tZERO’s Retail Market

On the Overstock-owned platform, TokenSoft customers will be able issue security tokens that retail and accredited investors can trade.

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Market Wrap: Bitcoin Drops to $36.3K as DeFi Jumps to $32B on Ether FOMO

The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.

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Stablecoin on-chain volume surpassed $300 billion in January

January saw a significant jump in adjusted on-chain stablecoin volume, according to data collected by The Block Research. The monthly figure came in at $308.7 billion, exceeding December’s record-setting $178 billion. As expected, some $199 billion of the January number came from USDT, the stablecoin operated by Tether that functions across a number of different […]

The post Stablecoin on-chain volume surpassed $300 billion in January appeared first on The Block.

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What We Learned About PayPal’s Crypto Strategy This Week

Insights from PayPal’s first quarterly earnings report since launching crypto services.

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Wyoming lawmakers propose letting DAOs officially register in the state

A working group in the Wyoming legislature dedicated to blockchain technology and innovation has put forward a bill that, if approved, would allow decentralized autonomous organizations, or DAOs, to officially incorporate in the state.

The post Wyoming lawmakers propose letting DAOs officially register in the state appeared first on The Block.

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BitMEX’s holding company backs new investment fund Cadenza

100X, the holding company connected to derivatives exchange BitMEX, has backed a new venture capital fund named Cadenza Capital Management.

The post BitMEX’s holding company backs new investment fund Cadenza appeared first on The Block.

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Crypto Startup Metal Pay Files for National Bank Charter

Metal Pay’s “First Blockchain Bank and Trust” would be FDIC-insured, CEO told CoinDesk.

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Blockchain Bites: The Rise of the Bitcoin Investment Fund

A flurry of crypto investment funds were announced, as NYDIG predicts it will see $25 billion in bitcoin under management by year’s end.

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