DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Tech

Hundreds of Fake ChatGPT Tokens Are Luring Crypto Punters, Majority Issued on BNB Chain

Hundreds of such tokens have been issued in the past few weeks. Of this, 132 different tokens have been issued on BNB Chain, the most among blockchains.

(Towfiqu Barbhuiya/Unsplash)

Finance

Crypto Protocol Fetch.ai Partners With Bosch to Develop Web3 and AI Tech

It will have a three-tier governance structure and be inspired by the Linux Foundation's decentralized innovation model.

(DALL-E/CoinDesk)

Markets

Arbitrum-Based Factor Raises $4M on First Day of Token Offering

Factor allows users to provide asset management services to communities without learning complex code for deploying such tools.

The value accrual mechanism for Factor’s native FCTR tokens is creating hype, and value, for the tokens among traders. (Camelot)

Tech

Helium to Fully Migrate to Solana Blockchain by March 27

This upgrade will encompass all wallets, Hotspots and Helium Network state, and will take place over a 24-hour transition period commencing at approximately 15:00 UTC.

(Peter Cade/Getty Images)

Tech

How Solvency Check Error Led to USP Depegging on Avalanche-Based Platypus Finance

Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack.

(Boonchai Wedmakawand/Getty Images)

Markets

USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack

The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.

(Getty Images)

Policy

Global Standard Setters Will Team Up to Tackle DeFi Regulation: FSB

Decentralized finance “does not differ substantially” from traditional finance in its functions or vulnerabilities, according to the Financial Stability Board.

(SiberianArt/Getty Images)

Finance

Gaming Network Oasys Onboards Japan Conglomerate SoftBank as Network Validator

Softbank was one of four companies that joined the network, bringing the total number of validators to 25.

(Lev Radin/Shutterstock)

Markets

Privacy-Focused Gnosis Chain Co-Founder Proposes Plan to Reduce Ethereum Dependency for GNO Token

Martin Köppelmann flagged potential security issues in a proposal discussion on Gnosis’ governance forums.

(Tom/Pixabay)