DeFi

The Cardano blockchain has evolved significantly over the years. It is one of the most popular green cryptocurrencies on the market. (It uses the proof of stake blockchain verification system, which reduces processing power requirement and thus energy use. Therefore, instead of requiring heavy mining, the system chooses users with larger stakes to verify transactionsContinue reading “Cardano may be facing a lull in terms of price action, but here’s why it still has hope”

Loopring along with the rest of the market has been subjected to the ongoing bearishness. The DeFi token which was once the talk of the town thanks to its record-shattering rise, ended up being affected by yesterday’s dip. Loopring tumbling Down by 16.95%, the token has been on a continuous downtrend ever since it hitContinue reading “What to expect from DeFi token Loopring (LRC) after recent dip”

Over the past year, Decentralised Finance (DeFi) has experienced exponential growth with more than 4.3 million users at the time of writing. Needless to say, it doesn’t show any signs of slowing down, given the current demand. That said, hacks, scams, and similar illicit activities played a role as well. As unfortunate as it sounds, someContinue reading “Illuvium takes measures to protect staked funds post discovery of vulnerability”

2021 was a monumental year for the Cardano network with the introduction of smart contracts. IOHK founder, Charles Hoskinson believes the new year will be of prime importance in strengthening its decentralized application (dApp) infrastructure. He laid out an ambitious roadmap for Cardano this year in a recent video on dApps and development. Hoskinson stressedContinue reading “Cardano’s UTXO smart contract model to be middle ground between Ethereum, Bitcoin”

The expansion of decentralized finance (DeFi) liquidity provider, WOO Network in 2021 has continued in the next year, as it has received additional funding from top cryptocurrency exchange Binance in its series A funding round. Binance Labs, which is the exchange’s venture arm, and has been involved in several fundraisers for emerging DeFi platforms, announcedContinue reading “DeFi platform WOO Network bags $12m investment from Binance Labs”

The cryptocurrency market’s maturation has come at the cost of its recognition and increased oversight by regulators, and their radar is now targeting the expanding DeFi sector. From U.S Senator Elizabeth Warren calling it “the most dangerous part of the crypto world,” to the Securities and Exchange Commission (SEC) regularly highlighting the risks associated withContinue reading “CFTC orders leading crypto betting platform Polymarket to shut shop, pay $1.4m fine”

The new year didn’t ring well for the Algorand community, as the decentralized trading platform Tinyman built on the network was subject to an attack on 1 January, 2022. This followed a year of heightened theft that saw over $10 billion being lost to DeFi scams and hacks. In a new blog post, Tinyman hasContinue reading “Another year, another hack: Algorand’s DeFi platform Tinyman exploited for $3m”

Algorand has witnessed significant growth in 2021 and going into 2022 the asset aims to expand this growth and take the network to the next level. And its most recent attempt at the same appears to have been rather successful. Go Algorand! After launching Algofi this month, Algorand further established a liquidity incentive program worthContinue reading “Algorand prospering in DeFi might set it up for an ATH”

Soaring gas fees on the Ethereum network was a major highlight throughout crypto’s journey last year. This was undeniably a turn-off for many. Yet, it also underlined a growth in userbase, while also giving space to the ecosystem to expand, through the rise of several promising new layer-1 blockchain networks like Solana and Avalanche. RegardlessContinue reading “Here’s how ‘yielding additional 20%’ spells bullish for Ethereum, post-merge”