Blockchain

Decentralized finance (DeFi) protocols are stepping in to freeze stolen funds while centralized issuers face criticism for holding back. A recent intervention on Arbitrum saw attacker-linked assets frozen after a major exploit, while some stablecoin […]

Cryptocurrency exchange OKX has launched an open payments protocol for artificial intelligence agents, joining a growing push by crypto and payments companies to build infrastructure that lets software agents pay for services and transact with […]

Andre Cronje says much of decentralized finance is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency controls are now necessary to protect users from exploits. The Flying […]

The Aave-linked recovery group DeFi United has published a technical implementation plan to restore rsETH backing after the April 18 Kelp bridge exploit released 116,500 rsETH, worth about $293 million at the time, without a […]

South Korean internet-only bank Kbank has signed a strategic partnership with blockchain payments company Ripple to test blockchain-based overseas remittances.  According to local media outlets like News1, The Korea Herald and Maeil Business, Kbank CEO […]

Ethereum layer-2 blockchain Arbitrum on Monday froze more than 30,000 Ether worth about $71.2 million held in a wallet connected to the recent exploit of the Kelp protocol. Arbitrum said on Monday that its security […]

The newly appointed governor of the Bank of Korea, Hyun-Song Shin, has voiced support for central bank digital currencies (CBDCs) and tokenized deposits in his first public address. Shin, who began his four-year term after […]

Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals during abnormal outflows, as April DeFi losses climbed amid a string […]

Decentralized finance (DeFi) protocol Volo has disclosed a security breach that resulted in the loss of approximately $3.5 million in digital assets, marking the latest incident in a series of exploits targeting DeFi platforms. In […]

Banks are moving onchain through competing models that take different approaches to how financial rules are enforced. On the one hand are blockchain-native builders like Matter Labs co-founder Alex Gluchowski, who argue that financial systems […]