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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.
Mango Exploiter's Funds Get Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens
A trader identified as Avraham Eisenberg, who became infamous for his “very profitable trading strategy” of exploiting $114 million from Mango Markets, borrowed tens of millions of Curve DAO tokens and sent them to an exchange – but his position appears to have gotten liquidated.
Tornado Cash Developer Alexey Pertsev Ordered to Stay in Jail Until Late Feb
Alexey Pertsev has been ordered to stay in jail until Feb. 20 after a Netherlands court found he represented a flight risk. Perserv has been accused of facilitating money laundering by developing the now sanctioned app Tornado Cash. "The Hash" hosts discuss the latest blow to the DeFi privacy community.
Curve's CRV Token Turns Volatile as Exchange's Balance Hits Record High
The token sank to a two-year low of 40 cents early Tuesday before quickly bouncing back to 53 cents.
What FTX Fallout Means for VC Funding in Crypto
In Q3 of this year, venture capitalist funding for crypto startups hit a new low in 2022, at roughly $5.5 billion in fundraising, according to Galaxy Digital. Dragonfly Capital Partner Tom Schmidt discusses the impact of crypto exchange FTX's collapse on the industry and outlook for investments in DeFi and NFTs amid crypto winter.
Crypto Exchange Uniswap Says It Collects Users' Public On-Chain Data
The development lab behind the decentralized exchange said personal identifiers are not collected.
FTX Exploiter Converts Millions in Ether to Alameda-Linked Ren Bitcoin Tokens
In addition, the exploiter transferred thousands of ether to a brand-new wallet.
Twitter Spaces: Crypto’s Lehman Moment, What FTX Means for DeFi
How will FTX’s collapse fuel the case for decentralized finance?
Hong Kong Regulator Calls for Tough Rules Despite Ambitions to Be Crypto Hub
Julia Leung, deputy CEO of Hong Kong’s Securities and Futures Commission, highlighted DeFi as an area that needs regulations.
DeFi Giant MakerDAO Speeds Up DAI Transactions and Withdrawals, Expands to Arbitrum, Optimism
MakerDAO’s new technology, Maker Teleport, enables users of the DAI stablecoin to circumvent Ethereum’s congested base layer.
4 Key Takeaways from the FTX Fiasco
The real reason why the FTX failure hits so hard is not because the crypto industry was duped, but because it proved that the industry was vulnerable to being duped.
