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.


Opinion

Ukraine Fundraisers Bring Out the Best, and Worst, in Crypto

If you tried to make money off Ukraine’s fundraising efforts, your soul is just as broken as your brain.

"A Saint Triumphant Over the Devil," by an unknown 18th century German artist. (Metropolitan Museum of Art)

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Pplpleasr Will Not Always Please You: The Rise of NFT Artist Emily Yang

It was initially an accident for this artist to get into NFTs, but she’s now realizing a lifelong dream to create for herself.

Emily Yang, aka Pplpleasr (on the right) discusses one of her artworks, projected on the wall. (Angelique Chen)

Tech

Algorand Upgrade Set to Allow for Easy Creation of Complex Dapps

The upgrade will, in the future, allow Algorand-based products to run in low-power environments like mobile phones and smartwatches as well as on other blockchains.

A Drone Racing League drone flies through an Algorand-branded gate. (DRL)

Finance

Diagonal Raises $2.5M for Web 3 Subscription Payments

The project aims to create an all-in-one tool for merchants and creators to collect payments on Ethereum.

(Adrien Olichon/Unsplash)

Videos

Chainalysis Exec: ‘Unlikely’ That Russia Is Evading Sanctions Through Crypto

As U.S. lawmakers push the Treasury Dept. to ensure Russia is not evading sanctions with crypto, Salman Banei, Chainalysis head of public policy for North America, responds to the concern, emphasizing the transparency of open blockchain networks. Banei explains how Chainalysis tackles mixers and other DeFi protocols in its cross-chain monitoring.

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Finance

Terra’s LUNA Passes Ether to Become Second-Largest Staked Asset

Some $30 billion worth of the tokens are staked by users to earn yields of just under 7%.

(Shutterstock)

Opinion

How to Make Blockchain a New Kind of Economic Engine

The blockchain where the future of finance will be built has zero downtime, zero forking, complete finality and a community of active developers.

DeFi networks are global. (NASA/Unsplash)

Finance

DeFi Platform Thetanuts Finance Raises $18M Seed Funding to Fuel Growth

The funding round was led by Three Arrows Capital, Deribit, QCP Capital and Jump Crypto.

Seed funding

Tech

At ETHDenver, Weird DeFi Comes Out of Its Shell

CoinDesk’s DeFi reporter shares some perspective on Ethereum’s most optimistic conference to date.

(Chet Strange/Bloomberg via Getty Images)

Videos

4 Crypto Tax Myths You Need to Know

Dan Hannum, Zenledger COO, joins “First Mover” for CoinDesk’s Tax Week programming to discuss misconceptions about taxation of crypto activity. Hannum explains the tax structure for crypto-to-crypto and crypto-to-fiat transactions and examines tax rules for staking, airdrops, and other DeFi activities.

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