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.


Finance

MakerDAO’s Christensen Turns Optimistic After US Stablecoin Report

The founder of the crypto lender and stablecoin issuer had feared the worst about potential regulation.

MakerDAO founder Rune Christensen on CoinDesk TV

Markets

LUNA Hits All-Time High as Terra Community Passes Popular Burn Proposal

The burning marks one of the largest, if not the largest, layer 1 token burnings in crypto history.

Daniel Shin y Do Kwon, cofundadores de Terra. (Terraform Labs)

Markets

DEXs Have Grown the Most as Competition Among Crypto Exchanges Intensifies: Chainalysis

The majority of DEX users are professional crypto traders looking for “new sources of alpha,” said one analyst.

(Chainalysis)

Policy

What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets

Launching a truly “global” stablecoin is likely to get more difficult in the coming year as a result of the guidance, which advises regulators to keep such projects on a short leash.

(Art Institute of Chicago)

Finance

DAO Backed by Deadmau5 to Launch on Multiple Platforms

The initiative is aiming to bring DAO governance to the music industry.

Deadmau5 performs at SoFi Stadium on July 17, 2021 in Inglewood, California. (Michael Tullberg/Getty Images)

Videos

FATF Publishes Crypto Anti-Money Laundering Guidance

The Financial Action Task Force (FATF) has published its revised guidance for crypto firms, further clarifying the definition of Virtual Asset Service Providers (VASPs), DeFi, stablecoins, and NFTs. Association of Certified Anti-Money Laundering Specialists (ACAMS) Executive Director Rick McDonell discusses the world of crypto and anti-money laundering (AML), breaking down the key points of the recommendations.

Recent Videos

Finance

Solana Wallets Phantom, Solflare Eye Mobile for Growth

Phantom is launching a wallet app; Solflare’s is already live. Both projects see mobile as critical to expanding crypto’s reach.

A discussion of Solana wallets at Breakpoint. (Danny Nelson/CoinDesk)

Finance

Cadenza Ventures Launches $50M Crypto Fund for DeFi and Blockchain Projects

The fund is anchored by Van Eck Associates, with participation from Solana and Dapper Labs.

Crypto Firms Took 6% of Global Venture Capital Funding in First Half of 2021

Videos

Acting Comptroller of the Currency Michael Hsu on Stablecoin Risks, Innovation, Regulation

Acting Comptroller of the Currency Michael Hsu breaks down the President’s Working Group on Financial Markets' (PWG) long-anticipated stablecoin report published last week, which proposes rigorous new oversight of stablecoin backing. He shares insights into stablecoins' operational risks, financial and technological innovation, and potential regulatory approaches. Plus, his views on DeFi.

Recent Videos

Finance

Maple Finance Launches Permissioned Institutional Lending Pool With BlockTower, Genesis

The KYC-AML compliant pool is BlockTower’s first effort at addressing a multi-trillion dollar opportunity.

(Unsplash-Lyndon Li)