Day: 25 September 2023

Before DeFi, traditional finance (TradFi) institutions took deposits from ordinary individuals and lent them to those who could leverage them for economic initiatives that could unlock more profit-earning opportunities.  Part of the wealth generated from this process was distributed to depositors as 'interest.' This created a continuous and mutually beneficial ...

A recent survey by Coinbase revealed that 20% of adults residing in the U.S. own cryptocurrencies, a significant statistic by any measure. In March 2022, President Joe Biden issued an executive order regarding digital assets, directing federal agencies to thoroughly analyze various aspects and issues within the crypto ecosystem. Also, ...

Feng Xiaodong, the founder of Mixin, a decentralized wallet service that recently fell victim to a $200 million hack, revealed in a public livestream on September 25, 2023, that the protocol can currently only guarantee the safety of half of its users' funds. "We're trying to find a way to ...

In a significant move tied to its 10th anniversary celebrations, Huobi, one of the world's top cryptocurrency exchanges, has undergone a comprehensive rebranding. The exchange will now be known as HTX, reflecting its revamped strategy under the new management and the start of a new chapter. The rebranding decision emphasizes ...