US Treasury to Increase DeFi Regulation
The decentralized finance (DeFi) sector has been booming in recent years, with a plethora of new projects and services popping up every day. However, with its rapid growth comes increased…
1inch Joins Ethereum’s zkSync Era for Faster DeFi Transactions
Decentralized finance (DeFi) protocol 1inch has recently made an important move to join Ethereum's scaling solution, the zkSync Era. By deploying its aggregation and limit order protocols on zkSync, 1inch…
Cryptocurrency Soars in Q1 2023
The cryptocurrency market has started off 2023 with a bang, as shown in CoinGecko's Q1 2023 Crypto Industry Report. The report highlights the surge in market capitalization of Bitcoin (BTC)…
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DEFI
Ethereum
financial inclusion
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PRIVACY CONCERNS
SHAPELLA UPGRADE
STAKING
TANDA
Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion
The DeFi space had a busy week with several significant developments. The highly anticipated Shapella upgrade on Ethereum's mainnet was successfully completed, allowing validators to withdraw their staked Ether after…
DeFi Hackers Mint $11.6M in Stablecoins
A recent hack in the decentralized finance (DeFi) space allowed an attacker to mint over 1 quadrillion Yearn Tether (yUSDT) from a mere $10,000, according to blockchain security firm PeckShield.…
PancakeSwap Launches V3 with Lower Fees and Enhanced Capital Efficiency
Decentralized finance (DeFi) protocol PancakeSwap has launched version 3 of its automated market maker platform on BNB Chain and Ethereum, with the upgrade encompassing performance improvements and lower fees. PancakeSwap…
Uniswap V3 Protocol License Expires, Allowing Developers to Fork Code
Uniswap, the biggest automated market maker in the decentralized finance (DeFi) space, has opened up its code for developers to fork after the expiration of its Business Source License (BSL)…
Stablecoin Depeg Event Reveals Risks to DeFi and Traditional Finance
The recent depegging event of Circle's USD coin (USDC) has shed light on the potential risks to both decentralized finance (DeFi) and traditional finance. Traditionally, regulators have expressed concerns that…
DeFi Execs Argue KYC as Solution to Combat Money Laundering in the Industry
Decentralized finance (DeFi) has experienced tremendous growth in recent years, with its total value locked (TVL) surpassing $100 billion in August 2021. However, the lack of regulation and the prevalence…
Coinbase Identifies Four Key Innovations for its Layer-2 Network
Coinbase, a leading cryptocurrency exchange, has outlined four critical innovations that should be built on its newly launched layer-2 network, Base. The exchange believes that the implementation of these innovations…