DeFi News and Information Today

Head US Treasury surprisingly positive about Bitcoin and DeFi

Apr 13, 2022

The head of the US Treasury Janet Yellen was by no means a fan of Bitcoin. She literally let us know in 2018, then as chairman of the Federal Reserve. This is why crypto followers had trouble not spilling their coffee when they saw Yellen explain how Bitcoin works and that DeFi can provide financial inclusion.

European Union wants to ban anonymous crypto transactions

Apr 01, 2022

The European Parliament voted yesterday in favor of a proposed, hotly contested amendment to ban anonymous crypto transactions. It is a proposal that goes against the spirit of the crypto industry and violates privacy.

Axie Infinity: Ronin lost $600 million in a hack last week

Mar 30, 2022

The week has started with Bitcoin printing a yearly high but yesterday the bad news broke via Twitter when the team behind Ronin announced that they have been hacked. The loss is immense with 173.600 Ether and over 25 million USDC the Ronin hack is one of the biggest incidents the crypto industry has ever seen. How did this happen? What do we know about the hacker? And will the victims get their funds back?

What is yield farming?

Mar 24, 2022

With yield farming, you let your crypto work for you in the world of Decentralized Finance (DeFi). Just as you would (could) in a traditional savings account. Also, in DeFi you get interest, or yield, in exchange for parking your money there.

Cronje and Nell leaving crypto – Will Fantom and Yearn Finance survive?

Mar 08, 2022

With Cronje being the inventor of the highly valuable Yearn protocol and both being involved with Fantom, YFI and FTM tanked after the breaking news. What does that mean for both projects and will they survive?

Lending without collateral: the new growth market for defi?

Feb 24, 2022

The market for decentralized finance would be much larger if users could borrow the way they currently can with a bank. That is: without collateral - and that is currently the common way of borrowing within defi. But this is changing: many defi protocols are launching that explore the traditional way of borrowing.

BlockFi gets fined 100 million for crypto lending product

Feb 15, 2022

The US financial watchdog, the SEC, has fined US crypto lending platform BlockFi 100 million. Their crypto Interest Account did not comply with securities laws. It is the highest fine handed out by the SEC to date.

Polkadots parachains: Acala, Moonbeam, and its companion network Moonriver

Feb 07, 2022

With the parachain auctions concluding more and more projects are starting on Polkadot. Acala and Moonbeam are two of the first and most anticipated parachains that have launched on Polkadot only recently. Moonriver on the other hand is Moonbeam’s sister network on Kusama. What do they offer and how do they function?

300 million worth of Ether stolen in Wormhole hack

Feb 03, 2022

A treasure of Ether has been stolen from the Wormhole bridge. It sounds like stuff from a science fiction or fantasy book. But in the 'dark forest' that is defi, these things happen every few months. On February 2d, a hacker managed to take advantage of a weakness in the code and run away with 120 k Eth, worth 300 million dollars.

Fantom grabs top 3 spot in Total Value Locked

Jan 25, 2022

Binance Smart Chain (BSC) is no longer the No. 3 blockchain when it comes to Total Value Locked (TVL) in decentralized finance applications (defi). That honorable position is now held by Fantom. TVL is the total dollar value of coins that users have staked in defi applications running on a chain.

Cardano celebrates the launch of SundaeSwap this Thursday

Jan 17, 2022

With decentralized finance and NFT marketplaces flowering the Cardano blockchain has a chance to become a big player and fulfill all the promises that have been made throughout the last 2 years. What is SundaeSwap and what do we have to expect from its launch next Thursday?

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