Poly Network has taken the unusual step of embracing the apparent hacker, who stole $610 million in early August.
The rise of DeFi adoption was mainly driven by experienced cryptocurrency traders looking to diversify their portfolios, Chainalysis said.
$33 million in tether remains frozen by the stablecoin's parent company, which Poly Network said it was working to restore.
At the current pace, total assets in DeFi will break $800 billion near the end of next year.
"We cordially invite Mr. White Hat to be the Chief Security Advisor of Poly Network," the company said.
High-profile investor Kevin O'Leary says one appeal of DeFi is that it could get rid of middlemen - who he says rip him off.
Poly Network said it hopes the hacker will contribute to the blockchain sector's development upon accepting the $500,000 reward, Reuters reported.
Poly Network's pleas for the money back appear to be working. The hackers said they stole "for fun :)"
The surge in interest in ether and the ethereum blockchain was clear to see in Coinbase's Q2 earnings.
The hacker appeared to be returning part of their loot to Poly Network after saying they would do so if the DeFi platform met certain conditions.
Commissioner Hester Peirce, who has often publicly criticized SEC rulings, argued that the agency had held Poloniex to an unworkable standard.
"The federal securities laws apply with equal force to age-old frauds wrapped in today's latest technology," Daniel Michael, a top SEC enforcement official, said in a statement.
Gary Gensler likened crypto to driving, which only took off when the government laid out clear rules of the road.
To get closer to our audience and better understand the future of trading, we are auctioning off huge moments in stock history as NFTs
Mike Novogratz said Elizabeth Warren "doesn't seem so progressive to me", after the senator called for tougher crypto rules.
Goldman Sachs is aiming to create an exchange-traded fund dedicated to decentralized finance and blockchain technology, a regulatory filing on Monday shows.
Yield farming, which is largely unregulated, is prone to con jobs or badly designed products.
The announcement comes a week after Square committed to building a bitcoin wallet, letting users take ownership of their crypto without a third-party custodian.
The cardano network has completed an upgrade that will allow it to incorporate more advanced smart contracts and decentralized finance applications.
Investors can earn returns far above those of traditional savings accounts by lending out crypto - in return for much higher risk.
The company's bet is that so-called gasless minting will empower creatives and stir more mainstream attention.
Galaxy Digital CEO Mike Novogratz believes the cryptocurrency market needs strong, smart regulation and he will "educate DC" to help make that happen.
DeFi insiders have complained that regulators often do not understand the industry, creating bad fixes that smother innovation.
Mike Novogratz said his crypto contacts are telling him that regulators are increasingly focused on decentralized finance, or DeFi.
Coinbase cofounder Fred Ehrsam described decentralized finance as the "bleeding edge" of the blockchain world in an interview with Bloomberg TV.
Mark Cuban says he is seeing annualized returns of over 200% in some of his yield farming activities on DeFi exchanges.
The CFTC's Dan Berkovitz said he thinks much of decentralized finance, or DeFi, is a bad idea, in a speech citing Wikipedia and his Google searches.
"We're going to get to where we're going with Elon or without Elon," Mashinsky said at the Bitcoin 2021 Miami conference.
For most of the cryptocurrency community, the recent price swing "stress test" meant nothing more than business as usual.
eToro has added DeFi tokens Aave and Yearn.Finance YFI to its offering. Demand has boomed as industry heavyweights have backed decentralized finance.
Dallas Mavericks owner Mark Cuban is backing Polygon, a platform designed to scale Ethereum chains and develop the blockchain's infrastructure.
The investor is bullish on DeFi as the future of crypto because it allows users to profit from their crypto assets.
Billionaire crypto investor Mike Novogratz said bitcoin is likely to consolidate for four to six weeks after its Elon Musk-induced plunge.
The head of SocGen's blockchain unit says banks that don't adapt to new technologies could turn into the Kodaks of finance.
The first day of trading saw its price swing wildly as it hit an intraday high of $700 before declining to around $250.
Australia’s wealthiest families are diversifying their portfolios with crypto as they look to new forms of wealth creation. DigitalX, which helps family offices buy up digital assets, says demand is growing for digital currencies as both a against hedge against inflation as well as a growth asset. “They’re intensely competitive, […]
Many buyers are likely to be badly burned when altcoin prices "fall back to earth with a bump," one investment analyst said.
An expert said the rally in ether is spurred by the rise of DeFi apps as they build on top of ethereum, the blockchain-based platform.
ConsenSys said the $65 million of new funding would help it further develop decentralized finance and other applications on the Ethereum network.
This year, PwC sees crypto-related M&A to still be driven by larger players and for the institutionalization of the industry to continue.
The latest additions raise Gemini's total supported cryptocurrencies to 33. Another 10 are supported under its custodial services.
"I get to put rocket ships in my tweets and 'doge to the moon' and all this. It's just fun," Cuban said about why he loves Dogecoin.