Financial Industry News
Cross-chain DeFi platform Multichain has been the latest in what is now a long line of DeFi protocols being exploited. This time around, the attackers were able to steal user funds from the platform by gaining access to accounts that haven’t revoked access to the platform. In total, about $1.5 million was lost to hackers […]
Continue ReadingContending blockchains will not outperform Ethereum, and Ethereum can play a vital role in times to come, expressed Joey Krug. Joey Krug – Chief Investment Officer for Pantera Capital informs that the second-largest crypto worldwide will continue dominating its competitors. Ethereum shows a decline on daily chart | Source: ETHUSD on TradingView.com However, he projects […]
Continue ReadingThe high fees on the Ethereum network has become a concern after it had risen to the point where using ETH for small transactions became unfeasible. Users of the network realized that they were sometimes having to pay fees higher than the transaction amount, leading to calls for a solution. There have been numerous fixes […]
Continue ReadingAlthough Ethereum is no longer the only smart contract playing in the space, it has maintained dominance on the market. This has led to an increase in adoption in the Ethereum blockchain, with the majority of developers choosing to deploy their decentralized applications (DApps) on the blockchain to gain the most exposure. As such, DeFi […]
Continue ReadingThere seems to be a disturbance in the force over at the Binance Smart Chain. Even though for the average user the BSC is working just fine, the validators are up in arms. A pseudonymous one opened up an issue at GitHub and all hell broke loose. The title: “BSC is a lost cause.” It […]
Continue ReadingCoinbase has hinted towards decentralized finance (DeFi) apps integration on its platform. The crypto exchange had previously made its interest in the space known and has provided support for various DeFi protocol tokens in the past. However, this would be the first time that the exchange is definitely looking into bringing decentralized finance services to […]
Continue ReadingSmart contracts auditing is becoming even more important with the advent of decentralized finance. This is where companies like HashEx enter the picture. HashEx has provided smart contracts auditing for over 500 projects to date and the company helps secure DeFi protocols. The vulnerabilities the company has found in smart contracts have saved projects more […]
Continue ReadingInterest rates in lending out stablecoins remain higher than those offered in traditional finance markets in the US. This is why the decentralized finance market has seen so much success in the past year. Investment options that would normally be the go-to choice for investors in the country are returning less interest, so the move […]
Continue ReadingDecentralized finance (DeFi) has had an incredibly successful year in 2021 and there are still no signs of slowing down in the space. Investors are flocking en masse to this space that offers users rewards in return for the digital assets that they are holding on to. The opportunities in the space have continued to […]
Continue ReadingBlockchain technology remains the major drive in the decentralization of digital assets. This has led to the emergence of several blockchain networks, each having its unique and distinguishing features. Amongst these blockchains is Polkadot, usually referred to as the blockchain of blockchains due to its multichain nature. Recently, Gavin Wood, the founder of Polkadot, revealed […]
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