DEFI
What is DeFi?
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Dozens of AI-Powered Chatbot Tokens Found to Be Part of honeypot schemes
Blockchain security company PeckShield has warned about "dozens" of BingChatGPT pump-and-dump tokens.
Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket
Arbitrum-based algorithmic stablecoin startup Hope Finance loses $2 million to a smart contract attack.
Blockchain Gaming is Having a market caps increment
The research also found that top gaming token market capitalization rose 122% in January.
Stablegains Sued for Allegedly Misleading Investors
Stablegains, a DeFi yield platform that closed in May, is being sued in California.
Bridge the gap between traditional finance and DeFi
User location was shown to affect transaction authorisation, with Europe having the best success rates.
ShapeShift Responds to Elizabeth Warren
Shapeshift responded to Senator Warren's Valentine's Day Senate hearing statements on Twitter on Feb. 19.
MakerDAO Votes to Bring Another Commercial Bank Into Its Ecosystem
MakerDAO is voting on adding a commercial bank.
$2 Million Worth of Cryptocurrency Lost in Dexible Hack
One of Dexible's founders lost $50,000 in bitcoin.
The Financial Stability Board (FSB) is pushing for international regulations
Global standard-setting organisations are helping the Financial Stability Board evaluate DeFi legislation in numerous countries.
Polygon Announces Beta Launch of Zero-Knowledge Ethereum Virtual Machine
Polygon's zkEVM Ethereum scaling solution will deploy on mainnet beta March 27.