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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.
DeFi Has Accounted for Over 75% of Crypto Hacks in 2021
That works out to $361 million, 2.7 times more than in 2020, according to new report by CipherTrace.
Cross-Chain DeFi Site Poly Network Hacked; Hundreds of Millions Potentially Lost
DeFi platform Poly Network was attacked on Tuesday, with the alleged hacker draining roughly $600 million in crypto.
State of Crypto: What Just Happened in the US Senate?
After all the drama of the past week, the industry is right where it was eight days ago.
Ether Held on Centralized Exchanges Hits 3-Year Low
Only 9.4% of ether is held in centralized exchanges, the least since 2018.
NFTs Over DeFi: OpenSea Just Overtook Uniswap on Ethereum Usage
Since last year, Uniswap has usually commanded the top spot.
Market Wrap: Bitcoin Rallies Above $42K as Bull Market Continues
Some analysts are optimistic about the broad crypto rally and see further upside, especially for ether.
SEC Charges So-Called DeFi Company for Allegedly Fraudulent $30M Offering
This is the SEC's first securities case involving decentralized finance technology.
Chainlink Unveils Crypto ‘Keepers’ and Anti-Fraud Blockchain Bridges
“Keepers” can do things like execute limit orders, liquidate under-collateralized loans or just remind a blockchain what time it is.
How a ‘Lazy Robot’ Might Solve a Big Problem for Crypto’s Whale Traders
Big trades can spook the market unless the trader can effectively signal they aren't trying to scare anyone.
Telecoms Giant Swisscom Launches Chainlink Node for DeFi Data
Swisscom joins Deutsche Telekom in providing data to the oracle service.
