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.


Videos

Hashdex Launches New DeFi ETF, Coinbase's Potential Acquisition in Brazil

Samir Kerbage, Hashdex Chief Technology Officer, discusses how the Brazilian asset manager plans to bring traditional investors to Web 3 with their new DeFi ETF, trading on the B3 stock exchange. Plus, a conversation about Coinbase’s rumored acquisition of 2TM, Brazil’s largest crypto exchange. 

Recent Videos

Videos

China Stamping Out Mining; Crypto Market Makes Gains

China takes aim at corruption in underground Bitcoin mining. Russian committee proposes bitcoin payment for oil and energy exports. Crypto markets shift to upward trend after weeks of volatility. DeFi, NFT access at stake as FATF Travel Rule goes into force in South Korea. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Recent Videos

Finance

Jump Crypto Wants You to Know Its Name

A secretive trading giant with an army of developers is taking an increasingly active role in building key crypto infrastructure.

Jump Crypto President Kanav Kariya speaks at the 2022 Avalanche Summit in Barcelona. (Tracy Wang/CoinDesk)

Markets

Market Wrap: Cryptos Rise as Russia Mulls Bitcoin for Oil Payments; Dogecoin Rallies

Bitcoin rose 4% over the past 24 hours, compared with a 6% rally in DOGE.

(Frank Busch/Unsplash)

Videos

Mastercard Exec on Embracing Crypto for Cross-Border Payments

Mastercard VP of New Product & Innovation Harold Bossé explains how the company plans to embrace crypto and blockchain technology for cross-border payments. Bossé discusses collaborations with crypto firms Ava Labs and ConsenSys, and how to bridge the gap between traditional finance and DeFi. 

Recent Videos

Videos

Bitcoin Breaks $43K Despite Powell's Call for New Regulations on Crypto

Marc Lopresti, The Strategic Funds' managing director, discusses the recent upswing in the crypto markets amid Fed Chair Jerome Powell’s statements on a digital dollar and Terra Luna’s purchase of $125 million worth of bitcoin. Plus, a conversation about investor interest in various altcoins like Solana, AVAX, and ether, and traditional finance’s ongoing effort to enter the DeFi space.

Recent Videos

Policy

Securities Regulators Cast Doubt on DeFi's Decentralization Claims

International standard-setter IOSCO said its members will take coordinated action to control what it called significant risks of the emerging DeFi market.

Ashley Alder, the Hong Kong regulator who chairs IOSCO’s board. (Bloomberg/Getty)

Policy

Next 24 Hours Crucial for EU Crypto Law as Officials Debate Emissions, DeFi, NFTs

Lawmakers will make a final call on banning Bitcoin-style validation and consider how to treat decentralized finance.

European Union flags at Berlaymont building of the European Commission in Brussels, Belgium (Santiago Urquijo/Getty)

Finance

Acala, VCs Commit $250M for Polkadot DeFi Investments

The fund will back companies with use cases for Acala’s aUSD stablecoin.

(Adam Berry/Getty Images)

Finance

Crypto Lender Nexo Spins Out $150M Venture Arm for Web 3 Investments, Acquisitions

Nexo Ventures will be active in Web 3, decentralized finance innovation, NFTs, metaverse and GameFi.

money