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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.
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.
Parallel Finance Doubles Valuation in $5M Funding Round
The Polkadot-based lending platform is planning to raise up to another $60M this quarter.
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.
UK Aims to Become Global Crypto Hub, Exchequer Says
Among the initial steps will be legislation to recognize stablecoins as legitimate vehicles for payments.
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.
DeFi Lender Inverse Finance Exploited for $15.6M
It is the third multimillion-dollar crypto attack to make headlines in recent days.
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.
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.
Ola Finance Exploited for $3.6M in Re-Entrancy Attack
The attack targeted Fuse Lending, which is an implementation of Ola Finance on the EVM-compatible Fuse blockchain.
What the $625M Axie Infinity Hack Reveals About the State of Crypto
Former CIA Agent and ZeroFox Director of Intelligence Services Adam Darrah provides an in-depth analysis regarding the exploit of Axie Infinity’s Ronin network, the largest hack in decentralized finance (DeFi) history. Darrah explains how law enforcement will use blockchain information to unmask the attackers and possible missteps they made since acquiring the funds.