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.
Andrew Peel, formerly the head of digital asset markets at Morgan Stanley, has left the banking giant to launch his own cryptocurrency venture, according to a source familiar with the matter, as reported by Bloomberg. Peel, who began his financial career as a trader at Credit Suisse, joined Morgan Stanley ...
Read moreDetailsThe DeFi space is full of incredible success stories—but also spectacular failures. Some projects launch with big promises, attract millions in investment, and then vanish without a trace. Others seem unstoppable until a single flaw brings them crashing down. This industry has seen it all. The general wisdom is that ...
Read moreDetailsCurve Finance, a leading decentralized finance (DeFi) protocol, intends to permanently move to a new web domain following a recent DNS hijacking attack that exposed significant security risks to its users. The protocol announced on May 13, 2025, that it will now operate exclusively on Curve.finance, replacing the previously used ...
Read moreDetailsSingapore Gulf Bank has announced the appointment of Richard Clarida, former Vice Chair of the US Federal Reserve, to its newly formed Global Advisory Board. The move marks a significant step for the bank as it seeks to strengthen its global strategy and expand its influence in international finance. The ...
Read moreDetailsThe UK government has released a draft version of its much-anticipated legislation to bring cryptoasset activities under financial regulation, taking another step toward formal sector oversight. The proposal, which amends the Financial Services and Markets Act 2000 (Regulated Activities) Order (RAO), is now open for technical review. While the draft ...
Read moreDetailsChinese President Xi Jinping has publicly supported the growth of the BRICS New Development Bank (NDB), positioning it as a key driver for economic progress across the Global South. Speaking at a recent BRICS summit, Xi stressed that the NDB should play a central role in financing sustainable development and ...
Read moreDetailsHTX Research has unveiled Sonic, a new blockchain infrastructure designed to tackle the scalability challenges that have historically slowed DeFi platforms. The announcement coincides with the release of a detailed report, "Sonic: A Model for the New DeFi Paradigm," which positions Sonic as a potential catalyst for the next wave ...
Read moreDetailsDecentralized finance (DeFi) platform Loopscale has agreed with the hackers responsible for its recent $5.8 million exploit. The hackers have decided to return most of the stolen funds in exchange for a 10% bounty, marking a rare instance of an amicable resolution in the crypto security landscape. On April 26, ...
Read moreDetailsRug pulls have become one of the most pervasive risks in the DeFi space, eroding investor confidence and hindering the industry's long-term viability. A rug pull is a type of fraud where a project's developers abandon the initiative after amassing significant investor funds, leaving token holders with worthless assets. The ...
Read moreDetailsSymbiotic, a decentralised finance (DeFi) protocol, has secured $29 million in a funding round led by Paradigm and cyber.Fund. Other notable investors include Robert Leshner, founder of Compound, and Sreeram Kannan, founder of EigenLayer. The funding aims to support the development of Symbiotic’s universal coordination layer for permissionless restaking, a ...
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