DeFi

If it were measured as a country, then cyber-crime — which is predicted to inflict damages totaling $6 trillion globally in 2021 — would be the world’s third-largest economy after the U.S. and China. Well, that’s quite an impressive yet unfortunate statistic. Now, different news had circulated in the past describing the highly sophisticated hacksContinue reading “Report: Hackers employ low-tech malwares to target individuals & steal millions”

Hacks and scams within the crypto-industry took $14 billion from users in 2021, according to a recent report. While many hoped the new year won’t bring more bad news, it would seem that this may just be the start. Base layer  Cross-chain router protocol Multichain (formerly Anyswap) is currently trending, although for all the wrongContinue reading “Multichain hack’s losses grow to $3M following ‘worst way to treat vulnerability’”

When the DeFi sector started to gain traction in early 2021, AAVE emerged as a community favorite. Well, thanks to the wide swathe of crypto-assets supported by it and the backing of some well-funded players. Over the years, AAVE has expanded its capabilities and reach with the release of AAVE v2. For example, it addedContinue reading “99.99% voters say yes to the deployment of Aave V3 on Arbitrum One”

The cryptocurrency industry has had a rough beginning in 2022 as much of it has remained on a downward spiral for the past few weeks. Its global market cap was sitting at $2.1 trillion at the time of writing, having shed off over 3% of its valuation in the past day. Much of this canContinue reading “Unlike BTC and ETH, ‘investor favorite’ Solana registers another week of inflows”

2021 was the year that decentralized finance (DeFi) truly took the cryptocurrency industry by storm, as several new protocols and trading platforms emerged on Ethereum-like Layer 1s. Another trend that could be seen emerging within the smart contract platforms upon which these applications are built was the integration with the decentralized oracle network, Chainlink. TheContinue reading “Is Chainlink the special ingredient behind these altcoin rallies”

Cardano is fueling considerable buzz in the cryptocurrency space once again. Courtesy of not just its native token ADA, which rallied by 36.8% over the past week, but also the developments surrounding its evolving ecosystem. As decentralized applications (dApps) finally begin to launch on the smart contract platform, its developers are working towards strengthening itsContinue reading “How Cardano is evolving its smart contract infrastructure ahead of dApp launches”

The quickly expanding world of Web3 has grabbed the attention of investors and developers alike and FTX is looking to dip their toes in it too.  FTX Venture FTX’s new branch call FTX Venture has been created with $2 billion set aside for funding new and developing companies in the crypto market. In order toContinue reading “FTX ‘Venture’ing into Web3 helps FTT break out of its five month downtrend”

The Solana network’s shot in the spotlight might just be far from over as yet, especially now that the Bank of America has expressed future optimism for the top smart contract platform, even analogizing it as the “Visa of the digital asset ecosystem” after it managed to facilitate a large number of transactions over theContinue reading “BoA: Solana is primed to beat Ethereum and be the ‘Visa of digital asset ecosystem’”

So much of crypto is focused on traders and investors that there’s sometimes a tendency to forget about those who make the many transactions possible – the developers. To that end, Maria Shen of Electric Capital released a report on developer activity in the past year, and the numbers are formidable. Coming on the Unchained podcast,Continue reading “New report reveals over 34,000 new developers entered crypto space in 2021”