DeFi lending protocol Aave Protocol said the TRM API on its app was responsible for blocking addresses that received ETH from unknown sources through Tornado Cash. In a Twitter thread on Saturday, the protocol claims that it receives blockchain intelligence from TRM Labs and has integrated TRM API into its frontend to ensure a safe and secure … Read more
CeDeFi: The transparency offered by decentralized platforms is something CeFi can benefit from adopting. The solution could be to merge them into CeDeFi, says Lakov Levin, CEO of Midas.Investments. Despite the prolonged down market, the rate of crypto and blockchain adoption keeps growing across the industry. As of today, more than 300 million people globally own … Read more
CeFi Vs DeFi: Should they work together? This way, more people will be able to access the crypto market, driving crypto adoption further, says Austin Kimm, Director of Strategy and Investments at Choise.com. CeFi Vs DeFi: Do they need each other? Decentralized Finance is among the hottest topics in not just crypto but also finance … Read more
Decentralized ID:Web3-powered decentralized identity solutions allow users to have better authority over their personal data, says Raymond Hsu, CEO and co-founder of Cabital. Sponsored Sponsored In May 2022, the crypto market was rocked by the rapid demise of algorithmic stablecoin terraUSD (UST). In a span of a few days, the giant lost nearly all of its $60 billion … Read more
Decentralized finance (DeFi) lender Teller has introduced a buy now, pay later (BNPL) service for blue-chip non-fungible tokens (NFTs) like Bored Ape and others. Sponsored Sponsored According to Bloomberg, intending buyers will pay a mandatory between 25% to 50% of the NFT value and the balance can be spread into installments. Sponsored Sponsored Teller has … Read more
Tether has deployed the USDT stablecoin on Tezos, becoming the 12th blockchain on which the popular stablecoin is available. Sponsored Sponsored The deployment of Tether onto several blockchains has helped USDT reach a staggering market cap of $72.5 billion. The second-largest stablecoin by market cap, USDC, has only $53.9 billion. The stablecoin was most recently … Read more
A proposal has been made to shut down DeFi credit protocol Mars following the spectacular collapse of the UST stablecoin, and its sister token LUNA, last week. Sponsored Sponsored It comes as Mars’ total value locked (TVL) crashed 99% to $2.6 million from $270 million amid the Terra ecosystem dramatic meltdown, which rippled across the … Read more
Wormhole has awarded $10 million to a white-hat hacker who reported a bug in its Ethereum core bridge contract. This is part of the bounty program announced in February after losing $323 million to an exploit. Sponsored Sponsored The bug in question “was an upgradeable proxy implementation self-destruct bug that helped prevent a potential lockup … Read more
DeFi, in its current form, won’t see mass adoption if it fails to address some of the fundamental tensions that the ecosystem is facing, says Brian Fu, Co-Founder of zkLend. Sponsored Sponsored Much is said about DeFi’s core mission: to create greater financial inclusion and bank the unbanked. For mass adoption of DeFi to be … Read more
Traditional finance is gloating as cryptocurrencies crash. But there’s so much more to cryptocurrencies and decentralized finance than just dips and highs. Here’s why the blockchain has the potential to change the world. Sponsored Sponsored Salaries are inflated away. Banks are getting bigger. And the gap between rich and poor is widening from year to … Read more