DeFi

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DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.

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Dfinity’s Internet Computer Opens Ethereum Bridge
Ethereum-based assets can now natively exist on Internet Computer via the new bridge that connects the blockchains.
(Modestas Urbonas/Unsplash)

Teenage Suspect in $16M DeFi Hack Wanted for Arrest in Canada
Teenage Suspect in $16M DeFi Hack Wanted for Arrest in Canada
A warrant has been issued for 19-year-old Andean “Andy” Medjedovic to appear before an Ontario court. He allegedly used flash loans to drain $16 million from decentralized fin...
Teenage Suspect in $16M DeFi Hack Wanted for Arrest in Canada

(H. Armstrong Roberts/Getty Images)
BNB Burns Will Now Better Reflect DeFi Activity on Binance Smart Chain
Starting Thursday, Binance will burn its BNB tokens continuously instead of once a quarter.
(H. Armstrong Roberts/Getty Images)

NEAR signage in Lisbon, Portugal (Zack Seward/CoinDesk)
NEAR Token Jumps Over 20% After UST Integration
Tokens of the layer 1 blockchain are up 23% after Terra said its UST stablecoins would be supported on the network.
NEAR signage in Lisbon, Portugal (Zack Seward/CoinDesk)

Is Bitcoin ‘Its Own Asset Class’?
Is Bitcoin ‘Its Own Asset Class’?
Genesis Institutional Lending Associate Eugene Chang discusses institutional investment activity in digital assets, sharing insights into bitcoin’s response to macro factors l...
Is Bitcoin ‘Its Own Asset Class’?

(Daniel Crump/Bloomberg via Getty Images)
Teenage Suspect in $16M DeFi Hack Wanted for Arrest in Canada
In a possible DeFi first, Canadian law enforcement is now looking to track down a suspected hacker.
(Daniel Crump/Bloomberg via Getty Images)

NEAR Surges Over 20% Following Terra UST Integration
NEAR Surges Over 20% Following Terra UST Integration
Tokens of Near (NEAR) jumped 23% to $10.80 Wednesday following Terra’s announcement UST stablecoins will be supported on the network. “The Hash” panel discusses where this rec...
NEAR Surges Over 20% Following Terra UST Integration

The unicorn logo of Uniswap is expanding to another chain, Polygon. (Shutterstock)
Uniswap Launches on Polygon, Driving MATIC to All-Time Highs
The popular decentralized exchange has deployed on Polygon in a bid to attract more retail traders.
The unicorn logo of Uniswap is expanding to another chain, Polygon. (Shutterstock)

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B.Protocol Raises $2.2M to Backstop DeFi Liquidations
1kx, Spartan Group and Robot Ventures are backing a project that aims to smooth DeFi’s sometimes-hairy liquidation events.
(Maximalfocus/Unsplash)

A Shiba Inu (Shutterstock)
Floki Inu Deposits on Inverse Finance Break $44M Within Hours
Projects founded as meme coins don’t want to remain mere meme coins anymore.
A Shiba Inu (Shutterstock)