One specific method of hacking decentralized finance (DeFi) protocols is on the rise, according to blockchain data platform Chainalysis. In a new blog post, the market intelligence firm estimates that …
Earning Interest on Cryptocurrency: 3 Strategies to Maximize Gains
In the modern day, alternative investing strategies are an excellent way to bolster the gains you could see in your portfolio. One new unique avenue many investors have begun considering is …
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What Are the Pros and Cons of DeFi?
A portmanteau of “decentralized” and “finance,” DeFi has become a common term within the world of blockchain and web3. Bitcoin and the alternative blockchains that succeeded it aim to decentralize …
A Brief History of DeFi
Decentralized finance, often referred to as DeFi, is a movement in the cryptocurrency and blockchain spaces that can be difficult to pin down exactly. It is both a large-scale vision for a new way of …
Crypto lender Genesis files for bankruptcy protection
Crypto lender Genesis Global Capital filed for Chapter 11 bankruptcy protection in New York early Friday morning, marking the latest business in the industry to file for bankruptcy as the fallout from …
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Crypto Lender Nexo Is Fined $45 Million as Crackdown Widens
The cryptocurrency lending firm Nexo was fined $45 million for violating federal securities law, the Securities and Exchange Commission announced on Thursday, the latest in a string of enforcement …
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How Balancer DAO Achieved Peace With a Clever Whale Named Humpy
If there’s a DAO, there’s a whale—and it’s probably vying for domination. In this case, Balancer has taken an interesting pivot against a crypto cetacean roaming its digital waters. After roughly …
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What are DeFi Protocols?
DeFi protocol is a set of codes that govern how digital assets are used on a blockchain network. Tapping smart contracts and virtual machines (VMs), DeFi protocols manage exchanges, enable users to …
Rising Tether Loans Add Risk to Stablecoin, Crypto World
The company behind the tether stablecoin has increasingly been lending its own coins to customers rather than selling them for hard currency upfront. The shift adds to risks that the company may not …
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Aave temporarily freezes lending markets to fend off further attacks
Decentralized liquidity protocol Aave has temporarily suspended lending markets for 17 tokens to fend off volatility risks that could lead to further attempts at market manipulation. Lending markets …
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