Tag: DeFi

DeFi is still in its infancy, yet companies are competing to offer the most convenient and high revenue-generator tools. The latest developments in the space are explored. The world of decentralized finance (DeFi) opened a vast array of new opportunities with its explosion in 2020, but it also brought new challenges and profound risks to crypto users….

This new project frees decentralized finance of its weak points, unlocking the liquidity of Bitcoin for DeFi projects. Bitcoin, the original cryptocurrency with the largest market cap, continues to lead the crypto market — to both the green and red. Even though the crypto space gave birth to quite a few projects, the rest of…

French police arrested two individuals in connection with the Platypus exploit in the month of February. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. DeFi will be in focus during the inaugural Commodity Futures Trading Commission (CFTC) tech advisory…

A panel at an upcoming advisory meeting for the financial regulator will “explore issues in decentralized finance.” The United States commodities regulator is set to take a close look at the decentralized finance space at an upcoming meeting of its tech committee, where it has also invited crypto industry executives to present. The Commodities Futures…

The public launch of Polygon ID comes 12 months after it was first launched in a closed-environment to a select group of builders. Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solutionto the public nearly a year after announcing its development. The Polygon ID service uses zero-knowledge proofs (ZK proofs)…

The scammer behind the crypto wallet draining kit even recommended an alternative and gave advice to budding cybercriminals. The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts is claiming to have packed up shop and is “moving on to something better.” The scammer by the pseudonym Monkey Drainer posted to their Telegram…