Decentralized finance is a form of blockchain-based finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to provide traditional financial instruments, instead of relying on smart contracts on blockchains, the most common of which being Ethereum.
The US Department of Justice (DOJ) is stepping up efforts to combat illegal cryptocurrency activities by targeting hackers and exploiters of decentralized finance (DeFi) platforms. In response to a surge in such activities over the past four years, the department announced the establishment of the National Cryptocurrency Enforcement Team (NCET), ...
ScamSniffer, a web3 anti-scam service provider, has revealed that over $4 million has been stolen from cryptocurrency users worldwide through phishing websites promoted on Google. The service provider utilized data from Google Ads and blockchain analytic data to determine the alarming figure. 1/ 🚨 A recent surge in phishing scams ...
For decades, humans have been starved for options when it comes to availing of financial services. With DeFi, this comes to an end. While DeFi doesn’t remove the existing system, it offers users of financial services an improved and transparent version of traditional finance. DeFi projects aim to provide similar ...
Since the inception of Bitcoin more than a decade ago, the crypto and blockchain industry has come a long way. Before we were introduced to them, the financial sector relied on banks as central authorities to ensure the safety of our money. This system was plagued with an age-old infrastructure ...
NFTs have taken the digital art and collectibles niche by storm. While the first-ever NFT, Quantum was created by Kevin McCoy on May 3, 2014, it was only in 2020 that NFTs caught mainstream attention. In 2020 and 2021, several high-profile sales were made which put the NFT space into ...
Introduction The DeFi space has grown immensely in the past few years. The growth of DeFi has led to the launch of many DeFi protocols offering different financial services like lending/borrowing, derivatives, and payments. While lending platforms like Maker are the ones that started it all, the one category in ...
The blockchain world, especially the decentralized financial realm, needs data to operate effectively, and that is why Chainlink was created. Chainlink is a decentralized oracle protocol that offers real-world data to smart contracts on the blockchain. Many DeFi ecosystems depend on the oracle network that Chainlink offers to function in ...
Yield farming is one of the most trending topics in the world of DeFi. While the DeFi summer is known for the surging prices of DeFi tokens, it is yield farming that provides the most value in the DeFi ecosystem. As an investor, your main goal is always to look ...
TLDR: Decentralized Finance (DeFi) is a growing industry that promises to disrupt Traditional Finance (TradFi). DeFi is a set of decentralized, permissionless protocols that provide financial services without a middleman or central authority to facilitate operations. There is a need for an open, transparent, and secure financial system and DeFi ...
Recently, Jack Dorsey, the CEO of Square (NYSE: SQ) announced a new business that will focus on the growing Decentralized Finance (DeFi) network. Square has always had an interest in cryptocurrency and it aims to build its DeFi protocols on the Bitcoin Blockchain. Dorsey, in a tweet, says this new ...
