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Uquid Launch the Defi Shopping Stake (DSS) and Defito Finance (DTO)


The trouble with many current DeFi projects is that while they eliminate traditional institutions from the mix, they instead transfer ultimate control over to a select group of insiders who have their financial motives and agendas. It’s an arrangement that’s ripe for abuse,...

BABMI Finance Aims to Facilitate BMB Lending and Derivative Issuance


BAMBI focuses on building a one-stop platform for derivative issuance, staking proxy with cross chaining, asset, and trading management in the realm of DeFi. This, in turn, will provide users risk minimized, decentralized, and revolutionary financial products. The Potential of the DeFi Market...

EU to Launch Comprehensive Crypto Regulation by 2024: Report


The European Union is planning to implement comprehensive cryptocurrency regulation by 2024, two EU reports have reportedly revealed. This follows five European finance ministers calling on the European Commission to put in place “very strong and very clear rules” on cryptocurrency....

Ethereum’s Gas Spike Forces Coinbase Pro to Pass Network Fees to Customers


While Ethereum network fees have jumped to new highs this year, the popular cryptocurrency exchange, Coinbase Pro, announced that the trading platform would be passing network fees onto customers. The move followed the exchange listing Uniswap’s native token UNI, an airdrop that saw miners...

What Is DeFi?


DeFi is short for "decentralized finance," an umbrella term for Ethereum and blockchain applications geared toward disrupting financial intermediaries

Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B


The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however...

Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining


The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.5% from a year ago. This growth led to the inevitable decline of...

Defi Platform Bzx Recovers Stolen $8.1 Million From Hacker


Decentalized finance (defi) protocol Bzx has recovered the $8.1 million it lost to a hacker a few days ago. The company claims it was able to track down the cyber thief, whom it refused to name for legal reasons, through their on-chain activity. Cornered, the attacker returned the loot. “All...

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