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

Coinbase's Much-Hyped New Base Blockchain Draws Modest $10M of Inflows on Launch Day

Nearly $166 million had already flowed to the blockchain ahead of the official launch.

(Smith Collection/Gado/Getty Images)

Tech

The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software

We're covering Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software.

Coinbase CEO Brian Armstrong (Coinbase)

Tech

As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks

Curve, a leading decentralized exchange on Ethereum, was hacked for more than $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk.

It was almost a dead man's Curve. (Unsplash)

Videos

Bitcoin Breaking Out of its Tight Trading Range 'Hinges on Liquidity': Strategist

Bitcoin briefly broke above $30,000 before retreating slightly, as investors continue to digest weaker-than-expected Chinese trade numbers for July and await U.S. inflation data scheduled for release later this week. tastycrypto head Ryan Grace discusses his crypto markets analysis and outlook. Plus, Grace's reactions to Coinbase's Base blockchain is opening to the public and the implications for DeFi adoption.

Recent Videos

Finance

Web3 Security Startup Cube3.ai Emerges From Stealth With $8.2M Seed Funding

The fundraising was led by Blockchange Ventures with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, Iclub and TA Ventures.

Cube3.ai founder and CEO Einaras Gravrock (CUBE3.AI)

Tech

Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution

The Ethereum-based crypto trading protocol would shut down and distribute its treasury to investors under the proposed plan.

(Sean Gladwell/Getty Images)

Videos

DeFi Outlook Is 'Mixed' in Wake of Curve Finance Exploit: Arca Head of Research

Arca head of research Katie Talati discusses her crypto markets analysis as bitcoin (BTC) continues to trade sideways and appears to brush off PayPal's dollar-backed stablecoin launch. Plus, what to make of the recent Curve Finance exploit and the outlook for DeFi.

Recent Videos

Videos

Web3 Developer Activity Jumps in Q2, Suggesting Long-Term Ecosystem Growth: Alchemy

A new report finds that Web3 developer activity is still on the rise in the second quarter, despite NFT and DeFi trading volume slipping from all-time highs. Alchemy Product Manager Will Hennessy discusses the key takeaways from the findings and the revelations on long-term development of the ecosystem.

Recent Videos

Tech

Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud

Hundreds of millions of dollars have been lost to scams and exploits in July alone.

Scam alert (Getty)

Finance

Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers

A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to The Retail Mutual insurer comprising over 5,000 shopkeepers and small retail businesses.

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