There are various types of cryptocurrencies, each with its own set of characteristics. Some cryptocurrencies are designed to be utility tokens, which means they can only be used within the issuing ecosystem. A cryptocurrency may be a DeFi token,...
On-chain data shows that Inverse Finance, an Ethereum-based DeFi protocol, was hacked for more than $1.2 million in cryptocurrencies on June 16th. The exploiters committed the atrocity by using a flash loan attack to fool the protocol and steal...
DeFi is a rapidly growing blockchain sector with enormous potential. Decentralization technologies have the potential to totally transform the financial system, making it safer, more open, and less expensive for end-users. Every year, more and more people learn about...
In the wake of the collapse of TerraUSD, an algorithmic stablecoin, it was widely expected that financial regulators would take swift action to set some ground rules for stablecoins. (See “Terra LUNA 99% Crash: How Did It All Go...
On 8 June 2022, the New York State’s Department of Financial Services (DFS) issued a Regulatory Guidance on Baseline Criteria for USD-Backed Stablecoins. The Guidance applies to entities licensed by the DFS to engage in virtual currency business activity (so-called “BitLicense”)...
Checkout.com, a well-known payments company valued at $40 billion, now accepts and processes cryptocurrency payments. It is one of the latest online payment startups to incorporate cryptocurrencies into its payment structure. The company will allow its merchants to accept...
Decentralized Finance (DeFi) is a sector in the crypto space dedicated to decentralized financial services. It includes a variety of financial services that anyone can access. These services differ from centralized financial services in that they are managed by...
The two prominent projects building on the highly scalable blockchain, Algorand, have agreed to a strategic partnership. Goracle, a decentralized oracle network, will incorporate data feeds into the HEADLINE's Dev Tools. The former is known for creating a bridge...
The Ethereum 'Merge,' one of the most significant technological changes to the blockchain since its inception in 2015, could be one of the few catalysts that could provide a much-needed boost to DeFi. DeFi (decentralized finance) investors are...
Reggie Fils-Aimé, the former president of Nintendo, has stated that gaming companies are becoming more interested in the metaverse and its elements. The benefits of incorporating metaverse elements into traditional gaming franchises are becoming apparent. He believes that notable...
