Why This Company Left “The ETH DeFi Jenga Tower” To Build Over Bitcoin
At the moment, most of the decentralized finance services run over the Ethereum network. In Bitcoin land, DeFi is almost non-existent. However, there’s a case to be made for it. And Atomic.Finance started the conversation with an article about how and why they pivoted from building over Ethereum to the arguably biggest challenge of building […]
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The cryptocurrency industry is exploding in interest in every sector from DeFi to NFTs and more, but the technology still has a road left ahead before accessibility and education catch up with the innovation offered. In an effort to bridge that gap and make crypto-centric applications like DeFi easily accessible and understood by all, the […]
The decentralized finance (DeFi) space has not been left out of the relief rally that has been rocking the crypto market. While other top coins are doing well, the DeFi tokens seem to have taken this one step further as they make a splash across the charts. With Ethereum leading the charge, these DeFi tokens […]
The Yearn Finance founder suggested that several cracks have shown in the crypto sector this year, and that regulation is needed to “reign in irresponsible actors.” Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion of multiple firms this year. The comments echo similar sentiments to that of FTX CEO Sam Bankman-Fried (SBF), who also called for more stringent digital asset industry standards last week, including greater consumer protections,....
FTX’s Sam Bankman-Fried doesn’t believe Ethereum will be able to provide the scaling capabilities required by the DeFi sector in future. FTX exchange co-founder and CEO Sam Bankman-Fried believes Ethereum (ETH) is incapable of handling decentralized finance’s (DeFi) growth.Talking to Camila Russo from the Defiant Podcast, Bankman-Fried says that the Ethereum blockchain is limitin DeFi’s development and the only way around it is to build on other networks:“At some point, it’s just clear that we weren’t getting around that. Either, we're going to build it on Ethereum, or we are going to....
At the last peak, there were $256B invested in DeFi. The industry’s rapid growth brought attention, and among those eyeballs, there were bad actors. In fact, “the value stolen from these protocols catapulted 1,330%” last year. That’s according to surveillance firm Chainalysis’ “The 2022 Crypto Crime Report,” which also informs us that: “In 2020 and […]