defi

20

Dec

Collateral damage: DeFi’s ticking time bomb

As 2022 dawns and crypto enters a new year, an innovative collateralization model will take decentralized finance by storm. As 2021 draws to a close, the premier lineup in the DeFi landscape largely consists of synthetic asset platforms (SAPs). An SAP is any platform that enables users to mint synthetics, which are derivatives whose values are pegged to[…]

defi

20

Dec

The battle of banks vs. DeFi is a win for individual crypto investors

Banks are no longer the only player in the financial industry, as decentralized finance builds authority and gains mainstream adoption. The state of banking and finance today presents a complex labyrinth that even seasoned bankers struggle to navigate. Despite appearances, there is a method to this madness. As Nobel Prize winners like Muhammad Yunus and Joseph Stiglitz[…]

defi

13

Dec

DeFi resolving the five flaws of traditional finance, book review

The book describes how DeFi improves upon traditional finance’s failings by raising up “marginalized groups,” including the unbanked. Writing a book on decentralized finance is a bit like describing a riddle, wrapped in a mystery inside an enigma, to borrow from Winston Churchill. First, one must summarize the origins of modern decentralized finance, then the mechanics of[…]

defi

07

Dec

Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review

Even though the total value locked in DeFi protocols has eclipsed $246 billion, it was not enough to please the BIS. On Monday, the Bank of International Settlement, or BIS, a financial institution owned by central banks worldwide, published a report scrutinizing the development of the decentralized finance, or DeFi, industry. The article opened by saying, “There is a[…]

solana

10

Nov

Blockchain service provider Nansen to integrate Solana data analytics

The platform will introduce a statistical dashboard in Q1 2022 dedicated to tracking insights and trends in Solana’s NFT and DeFi ecosystems. Blockchain data provider Nansen has announced the planned integration of a Solana dashboard to provide extensive insights to institutional and retail investors seeking to identify emerging trends in networks like the decentralized finance (DeFi) and[…]

defi

23

Oct

Holding Bitcoin? Here’s how to put it to work in DeFi

BTC is back at all-time highs, meaning it’s even easier for holders to capitalize on the lucrative yield opportunities DeFi offers to investors who are willing to stake their tokens. The long-awaited day finally came on Oct. 19 as the first Bitcoin (BTC) exchange-traded fund (ETF) went live on the New York Stock Exchange, thrusting the crypto asset[…]

defi

01

Oct

Compound supply bug mistakenly rewarded users with $70M in tokens

It is expected that the total figure of tokens could rise to north of $85 million. Decentralized finance (DeFi) interest rate protocol Compound Finance has reported a token distribution bug within its newly implemented Proposal 062, which is over-rewarding suppliers into the tens of millions of dollars. The upgrade was designed to “split COMP rewards distribution and[…]

defi

01

Oct

White hat hacker paid DeFi’s largest reported bounty fee

TechynoWorld spoke to the hacker for insights on the timeline of events, as well as the wider implications of bounty programs on DeFi’s security landscape. Belt Finance, an automated market maker (AMM) protocol operating a yield optimization strategy on Binance Smart Chain (BSC), claims to have paid the largest bounty in the history of decentralized finance (DeFi)[…]

ethereum

21

Sep

Fortune launches philanthropic fund for journalism on Ethereum

The fund was established on Endaoment, an on-chain nonprofit organization that helps 1.5 million entities accept cryptocurrency donations. American business magazine Fortune has launched a new decentralized donations fund alongside nonfungible token (NFT) artist Pplpleasr, with proceeds earmarked for independent journalists and programs that foster journalistic integrity.  The new Fortune Journalism PleasrFund was launched on the Ethereum[…]

cbdc

09

Sep

Roxe hires ex-IMF economist to lead BTC-backed CBDC project

Central bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs. Global payment network Roxe has recruited a seasoned economist from the International Monetary Fund, or IMF, to help lead its central bank digital currency project backed by Bitcoin’s (BTC) hashrate.  Andreas Jobst, whose career spans the[…]

uniswap

04

Sep

SEC reportedly investigates decentralized exchange Uniswap

Enforcement attorneys are reportedly looking for information about Uniswap’s marketing and investor services. The United States Securities and Exchange Commission is reportedly investigating the startup behind the world’s largest decentralized cryptocurrency exchange, Uniswap. The U.S. securities regulator has initiated a probe into Uniswap’s main developer, Uniswap Labs, the Wall Street Journal reported on Friday. The report says that enforcement[…]