German DeFi platform Alloy has won the backing of Checkout.com founder Guillaume Pousaz in a $3 million pre-seed round led by Headline Ventures. In an announcement this morning, Alloy said Pousaz had invested via his family office Zinal Growth, alongside Sorare founder Nicolas Julia and Seedcamp. Alloy is aiming to build a decentralized finance (DeFi) […]
The Monetary Authority of Singapore (MAS) announced on Tuesday the commencement of a financial industry-wide collaborative project to explore the economic potential and value of asset tokenization. Dubbed Project Guardian, it will test the feasibility of applications around asset tokenization and decentralized finance (DeFi). The primary objective would also be to manage risks to financial […]
CoinShares reported that crypto asset investment products saw inflows of $87 million in the past week even as the market continued to show signs of bearishness. The report found that the year-to-date crypto inflows surpassed the $500M mark with positive flows for the week ending May 27. Source: CoinShares However, in the week prior, CoinShares had reported outflows of […]
Quick Take The exploit was accidentally discovered by a Terra community member last week. It has been confirmed by security analysts BlockSec. In October 2022, DeFi application Mirror Protocol succumbed to a $90 million exploit on the old Terra blockchain — and it went completely unnoticed until last week. Mirror protocol allowed users to take […]
Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest. At the other end of the table, centralized finance, or CeFi, where all processes are rooted through a central body, has endured a comparatively […]