A subset of the bitcoin and blockchain industry called “decentralized finance,” or “DeFi,” is devoted to offering a distributed version of traditional financial opportunities. In the modern world, financial institutions give their clients access to opportunities like loans and cash storage. These services are, however, controlled by centralized organizations.
DeFi systems, which utilize distributed ledger technology, or DLT, provide many of the same benefits, but they are managed by numerous players who comply with regulations imposed by smart contracts. DeFi solutions frequently allow customers more freedom regarding how they can store and manage their assets. In addition, DEXs, as opposed to trading on centralized digital asset platforms, further decentralize the trading of digital assets.
The relationship between the Commodity Futures Trading Commission (CFTC) and industry professionals appears to be in stark contradiction with other US authorities, such as the SEC, which has portrayed itself in a manner that is quite unfriendly toward cryptocurrencies. In a recent announcement, the Commodities Futures Trading Commission (CFTC) named Carole House, an ex-official in … Read more
In the year 2022, virtual asset financial firms contributed more than $2.7 billion to decentralized finance projects. Since 2021, the investments have climbed by 190, while investing in centralized finance projects has decreased by 73, resulting in a decrease of 4.3 billion dollars over the same period. Even though total crypto financing dropped to $18.25 … Read more
The well-known American rapper and actor Snoop Dogg has just come forth with the news that he is one of the founders of the Web3-based live-streaming application known as “Shiller.” The well-known hip-hop musician has established yet another connection in the Web3 industry with this company. Shiller intends to merge Web3 technology with live-streaming content … Read more
Cybercriminals are taking advantage of vulnerabilities in the smart contracts that govern decentralized finance (DeFi) platforms, according to a new warning that was issued by the Federal Bureau of Investigation (FBI) on Monday. The warning focused on attacks against decentralized finance (DeFi) platforms. According to the agency, which cites a report published in April 2022 … Read more
The Nomad Protocol is pleased to announce the launch of the Nomad Whitehat Prize. Hackers who were responsible for the theft of funds from the Nomad bridge earlier this month are being offered an incentive in the form of a Whitehat-inspired non-fungible token (NFT) to refund the money they stole. 1/ Our friends at @metagame … Read more
In response to the increasing number of security vulnerabilities that have been discovered on the Solana Public blockchain, Jump Crypto, a start-up that is well-known in the digital currency ecosystem for a variety of things, including system redesign and investment, is going to assist the protocol in developing a new validator client. The Solana protocol … Read more
The SEC Has Filed Charges Against Dragonchain Regarding Its ICO That Raised 16.5 Million DRGN It is alleged that John Joseph Roets, along with his companies Dragonchain, the Dragonchain Foundation, and the Dragon Company, illegally solicited investors for a total of $16.5 million through the sale of crypto asset securities. SEC contends that Roets and … Read more
The Fight Against Tornado Cash Is Only in the beginning. This past week, the United States government delivered a devastating blow to the entirety of the cryptocurrency industry. Tornado Cash, a cryptocurrency mixer, was sanctioned by the Treasury Department, along with several crypto wallet addresses affiliated with the service. Because of this, the protocol and … Read more
Axie Infinity removes prizes from the original game, gently encouraging pay-to-play gamers to switch to the new mode. Axie Infinity (AXS), a play-to-earn (P2E) blockchain game, has completely eliminated the token incentives from its original game mode in order to attract its fans to a new game mode called Axie Infinity Origin. The developers of … Read more
Defi lending protocol Maple Finance has initiated a liquidity pool with a total value of thirty million dollars, which is supported by Maven 11, a crypto-native investment firm based in the Netherlands. Maven 11 has announced that the introduction of the lending pool will assist institutional businesses in their search for new income alternatives. Liquidity … Read more