DeFi: Will It EVER Go Mainstream? In-Industry Experts Weigh In

DeFi: Is it the future of finance? Or too volatile to become mainstream? A panel of experts gives us their thoughts. The panel of experts didn’t all agree on the future direction of DeFi. Some, like Anderson Mccutcheon, the CEO and Founder of Chains.com isn’t feeling the vibe. “DeFi is headed downward. The future of … Read more

FBI Offers Safety Tips to DeFi Users Following Recent Hacks

The Federal Bureau of Investigation has issued a global alert warning Investors about the planned scams intending to steal users’ funds, including risks involved while using decentralized finance platforms. In a statement released on Tuesday, the FBI had recommended that crypto investors conduct thorough research on DeFi platforms, smart contracts, and protocols before using them, … Read more

ReFi: Saving the World Using Web3 is Easier Than You Think. Here’s How

ReFi: It’s an exciting time for builders and founders to make real change, says Rene Reinsberg, co-founder and President at Celo. We are harnessing the potential of innovative Web3 technologies to reimagine the financial infrastructure of the future in new meaningful ways. (Having lived through the fall of the Berlin Wall and the birth of … Read more

DeFi Responsible for 60% Rise in Crypto Hacks, Says Chainalysis

A surge in stolen funds from decentralized finance (DeFi) protocols has sent losses from cryptocurrency hacks soaring nearly 60% in the first seven months of the year. Between January and July 2022, stolen funds from cryptocurrency hacking amounted to $1.9 billion, up from $1.2 billion during the same period last year, according to a blog … Read more

CeDeFi: A Hybrid of CeFi and DeFi is More Sustainable

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

Decentralized ID: How to Comply with Regulations in DeFi

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

Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M

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

DeFi Adoption: Mainstream Says “What’s In It For Us?” Actually, a Lot.

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 Getting Richer. DeFi Can Provide a Fairer World

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

Hacks: Decentralized Finance Should Steal Ideas from Traditional Finance

Hacks in the DeFi world are always in the news. DeFi protocols should start using risk management rule sets and tooling already used in traditional finance, says Kate Kurbanova of Apostro. Sponsored Sponsored A single vulnerability in smart contracts can cost DeFi projects millions in user funds. While technical vulnerabilities and bugs are the first attack … Read more