DeFi

The industry that once focused solely on Bitcoin is rapidly evolving. Developers are striving to find decentralized blockchain products that are both scalable and secure, writes Merav Ozair, Ph.D., a leading Blockchain Expert and a FinTech professor at New Jersey’s Rutgers Business School. When Bitcoin was introduced by the Satoshi white paper in 2008, it…

Hackers have taken $196 million from crypto trading platform Bitmart, a security firm said Saturday. As a result, Bitmart temporarily suspended all withdrawals until further notice and said a thorough security review was underway. The hack follows the recent steal of $120 million in crypto from DeFi platform BadgerDAO. According to NBC News,  Bitmart confirmed…

Terraform Labs’ LUNA is becoming rapidly one of the crypto market’s best performers, having gained around 80% in value in the last week, upping bigger than either Shiba Inu or Avalanche. An upcoming network upgrade has driven its surge. In addition, JPMorgan’s expert said that terra’s stablecoin mechanism is suitable for cross-border payments. The gains…

Will Bitcoin kill the US dollar? Will money become tokenized? How do we use cash? Jeff Wilser and Helene Braun of CoinDesk have collected the predictions of prominent crypto investors, experts, and influencers, including Sam Bankman-Fried, Beryl Li, Dovey Wan, Haseeb Qureshi, Hasu, Balaji Srinivasan, Jeff Dorman, Brett Scott, Laura Shin, and others. This article…

Over the weekend, a DeFi token with the same name as the new ‘Omicron’ Covid-19 variant surged 1,100%. OMIC hit an all-time high on Monday of $689, according to CoinGecko, but loses about 75% value overnight. The buzz over the latest Covid-19 variant, Omicron, is not over, but the euphoria over the token named after…

Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured first place in Polkadot’s parachain auctions, with over 81,000 stakeholders locking up their funds in the crowd loan. As a result, the upcoming Polkadot DeFi hub raised nearly $1.3 billion from approximately 25,000 contributors in its token ICO. The first coveted Polkadot parachain slot was…