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

Some Things to Be Thankful For, Even Though Everything in Crypto Is On Fire

This has been an overall bad year for crypto, but here are some positive things.

By George KaloudisNov 27, 2022

Finance

Cardano DeFi Project Ardana Halts Development, Citing Funding, Timeline Concerns

The project closed a $10 million round led by now bankrupt crypto hedge fund firm Three Arrows Capital last year.

By Frederick MunawaNov 24, 2022

Cardano stablecoin platform Ardana has called it quits. (Sean Gladwell/Getty Images)

Markets

Mango Exploiter's Funds Get Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens

A trader identified as Avraham Eisenberg, who became infamous for his “very profitable trading strategy” of exploiting $114 million from Mango Markets, borrowed tens of millions of Curve DAO tokens and sent them to an exchange – but his position appears to have gotten liquidated.

By Krisztian SandorNov 22, 2022

Videos

Tornado Cash Developer Alexey Pertsev Ordered to Stay in Jail Until Late Feb

Alexey Pertsev has been ordered to stay in jail until Feb. 20 after a Netherlands court found he represented a flight risk. Perserv has been accused of facilitating money laundering by developing the now sanctioned app Tornado Cash. "The Hash" hosts discuss the latest blow to the DeFi privacy community.

Nov 22, 2022

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.

By Omkar GodboleNov 22, 2022

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.

Nov 21, 2022