How to Stay Safe in a DeFi Era
Decentralized finance (DeFi) came into existence a few years ago but only recently rose to fame. Like cryptocurrencies, this emerging financial technology runs on distributed ledgers and replaces intermediaries with smart contracts, making the entire asset management process automatic. With a $127.06B total market cap and $78.92B worth of crypto assets locked in P2P protocols, […]
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Cryptocurrencies like Bitcoin are the best form of money, Binance’s CEO says. Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble.In a Nov. 17 interview with Russia’s news agency RBC, Zhao argued that “a lot of DeFi projects are already in a bubble, and I also believe that there are some signs of a bubble in the DeFi industry, but this does not mean that DeFi will eventually disappear entirely.”Zhao went on to say that the DeFi industry has a lot of....
It is Q2 2021, and the true era of decentralized finance has now begun. It is safe to say that the rough terrain has been chartered and that DeFi is here to stay. With a solid foundation formed, the time has come for serious investors to enter the realm of decentralized finance. And with them […]
DeFi is a sub-sector in the crypto industry that has witnessed significant innovation since its inception. However, the narrative has struggled to stay consistent, affecting the domain overall. The current bear market has wiped out more than half of DeFi Total Value Locked (TVL), hampering innovations. Furthermore, several projects have simply forked (copied) existing protocols and brought zero ideas to the market. Amidst all of this, one project is making strides with the best innovations DeFiers have seen in a long time. Saddle Finance is the protocol that enables efficient DeFi trading....
Crypto trader, analyst and operator Qiao Wang looks at bitcoin’s macro resilience and why DeFi is here to stay.
Yep, it’s true. The FBI recently issued a warning over cybercriminal exploits targeting DeFi. In fact, DeFi platforms have been exploited to the sound of more than $1.6B this year alone. Now, the Web3 native, the crypto-enthusiast, the OG of the Nakamoto tribe, may simply brush this off as yet another attempt by “The Man” […]