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.


Markets

Curve's CRV Token Turns Volatile as Exchange's Balance Hits Record High

The token sank to a two-year low of 40 cents early Tuesday before quickly bouncing back to 53 cents.

The CRV token hit a two-year low early Tuesday before rebounding. (TradingView)

Videos

What FTX Fallout Means for VC Funding in Crypto

In Q3 of this year, venture capitalist funding for crypto startups hit a new low in 2022, at roughly $5.5 billion in fundraising, according to Galaxy Digital. Dragonfly Capital Partner Tom Schmidt discusses the impact of crypto exchange FTX's collapse on the industry and outlook for investments in DeFi and NFTs amid crypto winter.

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Finance

Crypto Exchange Uniswap Says It Collects Users' Public On-Chain Data

The development lab behind the decentralized exchange said personal identifiers are not collected.

(Unsplash, modificado por CoinDesk)

Tech

FTX Exploiter Converts Millions in Ether to Alameda-Linked Ren Bitcoin Tokens

In addition, the exploiter transferred thousands of ether to a brand-new wallet.

(Adam Levine/CoinDesk)

Twitter Spaces: Crypto’s Lehman Moment, What FTX Means for DeFi

How will FTX’s collapse fuel the case for decentralized finance?

Twitter Spaces: FTX – 1) What

Policy

Hong Kong Regulator Calls for Tough Rules Despite Ambitions to Be Crypto Hub

Julia Leung, deputy CEO of Hong Kong’s Securities and Futures Commission, highlighted DeFi as an area that needs regulations.

Hong Kong regulator pushes for tougher crypto regulations. (Chester Ho/Unsplash)

Tech

DeFi Giant MakerDAO Speeds Up DAI Transactions and Withdrawals, Expands to Arbitrum, Optimism

MakerDAO’s new technology, Maker Teleport, enables users of the DAI stablecoin to circumvent Ethereum’s congested base layer.

(Unsplash)

Tech

4 Key Takeaways from the FTX Fiasco

The real reason why the FTX failure hits so hard is not because the crypto industry was duped, but because it proved that the industry was vulnerable to being duped.

(Bettmann/Getty Images)

Markets

DeFi Protocols Are Winning Users as Centralized Crypto Exchanges Suffer Ether Outflows

In the wake of the downfall of Sam Bankman-Fried’s FTX exchange, crypto traders are increasingly turning toward decentralized-finance (DeFi) protocols – as Ethereum tokens flow off big centralized crypto exchanges like Binance and OKX.

(Getty Images)

Opinion

Understanding the Tax Implications of NFTs, Staking and Yield Farming

Individuals and institutions should carefully consider their tax obligations and, in the absence of official guidance, consult tax professionals or take the most conservative approach to avoid costly future audits.

(Kelly Sikkema/Unsplash, modified by CoinDesk)