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.


Tech

Crypto Panhandlers Beg Poly Network Attacker for Share of $613M Haul

First came the attack. Then came the moochers.

UK - London - Busker's pitch coins

Videos

NFTs Over DeFi: OpenSea Just Overtook Uniswap on Ethereum Usage

Are NFTs back? Non-fungible token (NFT) marketplace OpenSea topped the leaderboard in gas consumption on the Ethereum blockchain, surpassing Ethereum's largest decentralized finance (DeFi) exchange Uniswap. Since last year, Uniswap has typically commanded the top spot. "The Hash" team discusses the industry implications for the rare flippening event and what it means for ether.

Recent Videos

Videos

Largest Hack in Crypto History? $600M in Crypto Potentially Stolen From DeFi Platform Poly Network

Cross-chain decentralized finance (DeFi) platform Poly Network was attacked on Tuesday, with the alleged hacker draining roughly $600 million in crypto. This figure would place the Poly Network hack among the largest in crypto history. “The Hash” hosts discuss the implications for DeFi regulation amid U.S. lawmakers reining in on the digital asset sector.

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Markets

DeFi Has Accounted for Over 75% of Crypto Hacks in 2021

That works out to $361 million, 2.7 times more than in 2020, according to new report by CipherTrace.

Crime Scene

Markets

Cross-Chain DeFi Site Poly Network Hacked; Hundreds of Millions Potentially Lost

DeFi platform Poly Network was attacked on Tuesday, with the alleged hacker draining roughly $600 million in crypto.

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Policy

State of Crypto: What Just Happened in the US Senate?

After all the drama of the past week, the industry is right where it was eight days ago.

The U.S. Capitol Building

Markets

Ether Held on Centralized Exchanges Hits 3-Year Low

Only 9.4% of ether is held in centralized exchanges, the least since 2018.

Ethereum co-founder Vitalik Buterin

Tech

NFTs Over DeFi: OpenSea Just Overtook Uniswap on Ethereum Usage

Since last year, Uniswap has usually commanded the top spot.

CryptoPunks

Markets

Market Wrap: Bitcoin Rallies Above $42K as Bull Market Continues

Some analysts are optimistic about the broad crypto rally and see further upside, especially for ether.

Bitcoin 24-hour price chart

Markets

SEC Charges So-Called DeFi Company for Allegedly Fraudulent $30M Offering

This is the SEC's first securities case involving decentralized finance technology.

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