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.


Tecnologie

Fantom DeFi Project Grim Finance Exploited for $30M

The hit was one of the largest on the Fantom blockchain.

ghost, casper, phantom

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Chainalysis: DeFi ‘Rug Pull’ Scams Pulled in $2.8B This Year

Crypto investors in 2021 lost over $2.8 billion to “rug pulls,” a colloquial term for a type of crypto scam, according to Chainalysis. This year, the rise in scams reportedly mirrored a general rise in cryptocurrency prices. “The Hash” panel discusses the latest story highlighting the growth and risks of DeFi.

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Opinioni

The Lifecycle of a DAO: Inside a Cultural Phenomenon

To think through the cultural practices and evolution of a DAO, we present a thought experiment on the life of a DAO, from birth to death to resurrection.

(Mark Garlick/Science Photo Library/Getty Images)

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Could India Ban Private Cryptocurrencies?

India’s biggest crypto exchange WazirX registered an annual trading volume of over $43 billion, marking a 1,735% growth over 2020, despite lingering regulatory uncertainty and market volatility in the country.

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Tecnologie

After $130M Hack, Badger’s Restitution Plan Tests Limits of DAO Governance

One of the most devastating hacks in recent memory has led to an ambitious payback plan.

(Robert Hoffman/Unsplash)

Finanza

NEAR Foundation Appoints Ex-Circle Exec Marieke Flament as CEO

The a16z-backed blockchain recently announced an $800 million grants program in a bid to attract more builders.

A Near sign in Lisbon, Portugal (Zack Seward/CoinDesk)

Finanza

On-Chain Data Hub Nansen Eyes Aggressive Growth With $75M Raise

Accel, Singapore’s sovereign wealth fund and other VCs are backing an emerging player in making blockchain data make sense. CEO Alex Svanevik explains Nansen’s scaled-up vision.

Nansen co-founders Alex Svanevik and Evgeny Medvedev. (Nansen)

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Sen. Elizabeth Warren Taking Aim at Stablecoins, DeFi During Senate Banking Committee Hearing

“The Hash” panel reacts to Sen. Elizabeth Warren (D-Mass.) criticizing stablecoins and decentralized finance (DeFi) in a Tuesday hearing with the Senate Banking Committee. Are stablecoins truly the lifeblood of DeFi, as Warren suggests, and without them, would open finance collapse as we know it?

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Bank of America: Avalanche’s Scaling Capability Offers Viable Alternative to Ethereum

In its latest research report, Bank of America said smart contract platform Avalanche's ability to scale while remaining secure and decentralized makes it a credible alternative to Ethereum for DeFi projects, NFTs, gaming, and other assets. This comes as Avalanche's AVAX token is now the 12th largest by market value. "The Hash" hosts discuss the outlook for Avalanche and whether it could be the next Wall Street chain.

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Crypto Traders Laying Low While Fed Ponders

The crypto market extended its losses Wednesday as investors closely monitor the Fed's upcoming decision on raising interest rates next year. Edan Yago, lead contributor at bitcoin-focused DeFi platform Sovryn, discusses his view of bitcoin and DeFi. "The big picture of bitcoin hasn't changed," Yago said. "Inflation is still necessary to continue ... [but] there's been something of a pullback as the market waits to see what's happening."

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