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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.
Japan Increasing Efforts to Regulate Digital Currency: Report
The move is a sign of increasing concern that new forms of private money could disrupt Japan's financial system.
DeFi Yield Farming Aggregator ApeRocket Suffers $1.26M 'Flash Loan' Attack
The attacks occurred on ApeRocket's Binance Smart Chain and Polygon networks within a few hours of each other on Wednesday.
TradeStation Exec: Paradigm Shift in Labor Market Could Have Contributed to ShapeShift’s Shutdown
James Putra, TradeStation Head of Innovation Labs, discusses crypto leader ShapeShift decentralizing its corporate governance as signaling a paradigm shift to mobile labor forces. “The labor markets have fundamentally changed,” Putra said, adding, “[you] can earn a good income and not have to be tied to one central vehicle.”
Why Is ShapeShift Shutting Down?
Crypto trading pioneer ShapeShift is closing its doors, handing over its legacy to a decentralized autonomous organization (DAO) controlled by holders of its FOX token. In the process, it will airdrop $98 million in crypto to decentralized finance (DeFi) investors.
FOX Token Up 77% on ShapeShift DAO, Airdrop News
ShapeShift’s token is up significantly on news the exchange is becoming a decentralized autonomous organization (DAO).
ShapeShift to Shut Down, Airdrop FOX Tokens to Decentralize Itself Out of Existence
ShapeShift will send out 340 million FOX tokens across DeFi.
VanEck CEO: SEC Not Likely to Approve Bitcoin ETF This Year
Jan van Eck, CEO of the global investment manager and exchange-traded fund (ETF) pioneer VanEck, discusses the state of bitcoin ETFs in the U.S. Could the SEC approve its first US bitcoin ETF this year? “At the rate of discussions now, I would say no,” van Eck said.
Blockchain Security Firm CertiK Raises $37M in Series B Fundraising
The round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures.
DeFi Lending: 3 Major Risks to Know
Whenever navigating any unregulated space, it’s crucially important to be aware of the risks.
Market Wrap: Bitcoin Weakens as US Inflation Hits 13-Year High
Buyers are snapping at bitcoin whenever it dips to $30,000, but the cryptocurrency’s price response to faster inflation readings is puzzling Wall Street analysts.
