Ethereum Has Become Bitcoin’s Top Off-Chain Destination

The most popular way to use bitcoin off-chain is on Ethereum, recent data indicates.  Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols, like the Lightning Network for payments or the Liquid Network for trading. But to date, the most popular off-chain protocols […]

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Why $4M Dai Made From WBTC Matters for DeFi’s Maturation

The first large minting of MakerDAO’s dai stablecoin using a bitcoin synthetic has occurred, signaling user demand for inter-blockchain asset support on Ethereum’s largest decentralized finance (DeFi) protocol. Crypto lending platform Nexo minted $4 million dai Wednesday by using WBTC as collateral.  “This really showcases the latent demand for non-ETH assets,” MakerDAO founder Rune Christensen […]

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Is It Exploitation Season for DeFi?

Are two recent attacks taking advantage of “flash loans,” low liquidity and price oracle issues the first of more to come? Part of what makes decentralized finance, or DeFi, interesting to people is how it takes advantage of open-source protocols to enable types of transactions never before available. The problem, however, is financial structures mean […]

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Why DeFi is Not a Centralized Crypto Circus

Prominent crypto personality and Litecoin founder Charlie Lee recently railed on DeFi after a vulnerability was exploited on one protocol over the weekend. Here’s why he is wrong, and DeFi is here to stay. DeFi Protocol Exploited Unfortunately for decentralized finance platform bZx, their Fulcrum exchange was temporarily exploited while the team was due to […]

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