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.


Technologies

Understanding the Economics of Ethereum Layer 2s

Ethereum is on the verge of enormous growth, aided by the L2 blockchains that complement it.

(Rachael Ren/ Unsplash)

Technologies

Arbitrum Blockchain Traders Can Now Protect Against 'Impermanent Loss'

GammaSwap developers say it is the first application to allow Arbitrum users to hedge against supplied liquidity by letting them go short on those positions.

(Danny Nelson/CoinDesk)

Technologies

Avalanche Developer, Known for Minting Millionaires and Duds, Is Back With ‘WAGMI’ Tokens

Sestagalli’s previous Avalanche projects created a cult-like following in the 2021 bull run under the “frog nation” moniker.

The Avalanche booth at HBC 2022 (Danny Nelson/CoinDesk)

Juridique

SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi

David Hirsch, who runs the agency’s office that handles crypto enforcement, says that apart from Coinbase and Binance, there are other exchanges and DeFi straying from the law.

The U.S. Securities and Exchange Commission under Chair Gary Gensler has waged an enforcement battle against the crypto industry that shows no sign of letting up. (Drew Angerer/Getty Images)

Technologies

Mark Cuban Loses Nearly $1M to Crypto Scam

The billionaire said he logged in to his crypto wallets after months of inactivity but had likely clicked on a phishing link.

Billionaire Dallas Mavericks owner Mark Cuban (Getty Images)

Vidéos

Fireblocks CEO on Non-Custodial Wallet Service Demand in Wake of FTX Collapse

A new non-custodial wallet-as-a-service is offering fintech and corporate clients from acting as custodians, in an effort to make it easier for end users to access DeFi and other Web3 apps. Fireblocks co-founder and CEO Michael Shaulov shares insights into the move. "On the back of what happened with FTX, Celsius, and other entities last year...we've seen a lot of demand from end users to get clarity on what is the control of their wallets," Shaulov said.

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Technologies

IOTA Eyes Big Crypto Leagues Again With Series of Network Boosting Plans

These changes are supposed to boost the value of MIOTA tokens and improve network security.

(Pixabay)

Web3

South Korea’s Crypto Ecosystem Shakes Off Terra Debacle, With Gaming Dominating Web3 Activity

Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market.

South Korea flag (Daniel Bernard/ Unsplash)

Technologies

North Korean Attackers Linked to $54M CoinEx Hack, Blockchain Data Suggests

A hot wallet of the crypto exchange used to hold users’ tokens was exploited by attackers on Tuesday.

Hacker (Towfiqu Barbhuiya/Unsplash)

Web3

Web3 Doesn’t Care About Bitcoin Prices – And Other Musings From Korea Blockchain Week

A packed venue and hopeful cheers from an estimated 10,000 people attending the many Web3 panels could have made one doubt whether the industry remains in one of the deepest bear markets in its young history.

Seoul at dusk with Lotte Tower and mountains in background