DeFi

Hours after issuing scathing criticism against the Ethereum network, Three Arrows Capital CEO Zhu Su has backtracked on his comments. He claimed that the previous post had been made in the “heat of the moment”. In a Twitter thread posted hours after the original, Su apologized for the outburst and claimed that there are “greatContinue reading “‘Always grateful’ – Three Arrows Capital CEO retracts ETH abandonment tweets”

Despite heightened adoption and acceptance, it can’t be denied that the whole cryptocurrency industry is perceived to be a high-risk investment. In fact, many are averse to the constant market volatility, scams, hacks, rug pulls, and speculation plaguing the market. This is, perhaps, even truer for the DeFi sector. Especially since it has fallen victimContinue reading “‘Ten years from now… Everybody’s gonna wish they just bought more Bitcoin’”

There has been a paradigm shift in the digital finance ecosystem. It started from the early stages of the Internet to Layer 1 cryptocurrencies such as Bitcoin. Now, there’s Decentralised Finance or DeFi, also called the “Wild West” of crypto. This space has seen a lot of traction over the past year and a half.Continue reading “Australia mustn’t ‘fear the unknown’ as Senator voices support for DeFi, crypto”

One factor that continues to weigh down the legitimacy of the cryptocurrency industry is the constant hacking and scamming the space is plagued with. Even with increased vigilance and security measures, another cryptocurrency protocol, Tsuzuki Inu, has done it again. They have managed to run off with millions of dollars in investors’ funds, highlighting theContinue reading “Like SQUID, another memecoin pulls off a million dollar scam”

Increasing adoption along with a burst in DeFi activity has led to cryptocurrency transactions being at an all-time high. This has inadvertently resulted in the congestion of the most popular network, Ethereum. This has in turn led to the rise of layer-2 scalability solutions such as Polygon that offer lower transaction time and cost. Naturally,Continue reading “Polygon proposes UNI integration, ready to allocate ‘significant amount of capital’”

Layer-1 and Layer-2 scaling solutions are two sides of the same crypto coin. Even though the former makes the base layer of a network, the latter (off-chain) plays a vital role. Mainly for protocol innovation and the ability to solve the bigger problems that the crypto community is facing. This paves a path for long-termContinue reading “L2 ecosystem crosses $5.5B in TVL thanks to Boba network’s 570% rise”

The DeFi space has been expanding of late, with the sector continuing to draw in more networks, assets, and investors. The latest participant in the same is Elrond. In just 24 hours, the network managed to perform extraordinarily on all fronts. The only concern that remains, however, is this – Is this a hype effectContinue reading “Elrond joins the DeFi league, but might it be another trend event”

Decentralized Exchanges are a huge attraction in the DeFi space. Hence, it is no surprise that Square has decided to dip its toes in it as well. Its recent announcement comes at a time when the entire DeFi market is pulling around after a week-long affliction. Can its effect help the market recover? And moreContinue reading “tbDEX and how it could be crucial to DeFi market, Square’s fortunes”

Exciting as the world of DeFi and smart contracts may be, its complexities can often prove to be obtrusive in the mass adoption of the decentralized web. Although, the growth of the ecosystem has resulted in the emergence of several protocols aimed to remove these barriers. Mainly by simplifying the process of accessing dApps andContinue reading “MetaMask records over $200 million YTD in revenues, surpasses SushiSwap, Curve”