DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Videos

How Worldcoin Project Angers the Population it Claims to Help

Worldcoin, a startup aiming to alleviate poverty with crypto, is now facing backlash for its collection of biometric data using a product called “The Orb.” “The Hash” panel discusses the role of verification in DeFi and the lengths people will go for free crypto.

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Opinion

Waves Founder Blames Short Sellers for Its Woes. Here's Why That's a Red Flag

To longtime finance observers, blaming shorts often looks like the last desperate deflection of a project in denial about its failures.

The WAVES smart-contract ecosystem has hit a rough patch. Its attempt to stop short selling might not be a sustainable solution. (Gabe LHeureux/ Getty Images)

Opinion

A New SEC Definition for ‘Exchanges’ Has Big Implications for Crypto

The crypto community should seize the opportunity to be heard as the SEC looks to expand its remit.

Frankfurt Stock Exchange (Dontworry/Wikimedia Commons)

Finance

Parallel Finance Doubles Valuation in $5M Funding Round

The Polkadot-based lending platform is planning to raise up to another $60M this quarter.

Photo taken in Moscow, Russia

Videos

DeFi Lender Inverse to Repay Clients' Funds After Suffering $15.6M Exploit

Ethereum-based decentralized finance (DeFi) lender Inverse Finance was exploited for $15.6 million worth of cryptocurrency, just days after the $625 million hack of the Ronin network. “The Hash” panel discusses the seemingly unavoidable trend of DeFi hacks and how companies like Inverse Finance are taking measures to repay their customers' lost funds. 

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Policy

UK Aims to Become Global Crypto Hub, Exchequer Says

Among the initial steps will be legislation to recognize stablecoins as legitimate vehicles for payments.

U.K. flag blowing in the wind.

Markets

Frax Finance’s FXS Jumps as Terra Introduces Stablecoin Pool ‘4pool’

Liquidity from four major protocols would be used to make Curve’s 4pool attractive for users.

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Tech

DeFi Lender Inverse Finance Exploited for $15.6M

It is the third multimillion-dollar crypto attack to make headlines in recent days.

(Emil Kalibradov/Unsplash)

Tech

Ola Finance Says Attackers Stole $4.7M in 'Re-Entrancy' Exploit

A post-mortem released Friday details how the heist occurred on Voltage, powered by Ola Finance.

Hacker (Getty/Seksan Mongkhonkhamsao)

Videos

Crypto Markets React to EU Parliament Vote

Ben McMillan, IDX Digital Assets CIO, shares his bitcoin price outlook as the European Parliament passes a measure to outlaw anonymous crypto transactions. Plus, a conversation about Wall Street’s growing interest in decentralized finance (DeFi) and why his firm is bullish on bitcoin for the future.

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