Tag: DeFi

PeckShield’s Report: Blockchain Security Gains Ground, Recovers $674 Million in 2023

Blockchain security firms only recovered about $133 million in 2022, while in 2023, experts traced and recovered $674 million from more than 600...

Avalanche and Fonbnk Forge Partnership to Accelerate DeFi Adoption in Africa

Fonbnk, a renowned African DeFi organization, has officially announced a partnership with Avalanche, a crypto firm. Fonbnk will make its no-code, low-code,...

Revolutionizing Web3 Education: Blockchain Academy and Cointelegraph Accelerator Join Forces

Blockchain Academy signed up with the Cointelegraph Accelerator program. Blockchain Academy offers various in-person programs, boot camps, and hackathons to all individuals, regardless...

Crypto Predictions 2024: Bitcoin’s Ascent, Ethereum’s Rally, and BNB’s Resilience

For 2024, Mobius informed CNBC that in the 2024 crypto market, Bitcoin may witness one of its highest points by going beyond $60,000.  ...

Block Inc.’s tbDEX Goes Live in Collaboration with Yellow Card

According to Jack, Web3 had strayed from its initial path and is currently a mockery of its founder. Yellow Card has successfully integrated...

Crypto Crisis: Aerodrome and Velodrome Security Breaches Sound Alarm for DeFi

Decentralized finance (DeFi) platforms Aerodrome and Velodrome experienced security breaches, leading to concerns about the vulnerability of DeFi ecosystems to cyber threats. The...

Ranking the top 10 cryptocurrencies by market capitalization

The crypto market cap represents a crucial metric for understanding the value of a digital currency. There are over 26,000 cryptocurrency projects currently,...

Understanding crypto lending and borrowing platforms

Crypto lending and borrowing platforms have gained substantial attention in the credit finance market Crypto lending platforms play a pivotal role in the...

Exploring the top investment sectors in the upcoming crypto bull market

From the enduring dominance of Bitcoin to the exciting realms of GameFi, AI, Layer 2 solutions, DeFi, and SocialFi, the crypto landscape is...

Four DeFi projects thriving amid market challenges

Some projects have persevered and strengthened their positions, diligently working towards creating cutting-edge products during these turbulent times. A common thread...

August crypto hacks reveal a new vulnerability in the Web3 ecosystem

According to Certik firm, a blockchain security organization, crypto hacks significantly spiked in July, marking it as the worst month in the 2023...

Curve Finance guarantees users a refund following the US$62 million hack

Curve Finance, A DeFi stablecoin lending platform, has assured its users a refund following the July 30 security breach that saw the firm...

Zero-Knowledge Proofs in Blockchain

Zero-knowledge proofs represent a cryptographic technique where no information gets revealed during a transaction except for the interchange of some value known to both the prover and verifier, the two ends of the process. A zero-knowledge proof is a way of proving whether a particular statement is true without revealing it. Here, the ‘prover’ is the party trying to establish a claim, while the ‘verifier’ is responsible for validating the claim. In simpler terms, zero-knowledge proofs (ZKP) enable one party to prove to another party that they know something without sharing the information with another party to prove their knowledge.

The advantages of DeFi over CeFi in financial management

DeFi has made it cheaper, more reliable and more decentralized to handle one's resources without the weight of heavy charges and the involvement...

Challenge of linking crypto to traditional banking

Integrating cryptocurrencies with conventional financial systems becomes increasingly essential as they become more commonplace. This presents several obstacles to overcome before cryptocurrencies can realise their full potential. For instance, traditional institutions may be hesitant to work with cryptocurrencies due to concerns about money laundering and other illicit activities. Moreover, the technical difficulty of integrating cryptocurrencies with existing banking systems can prove intimidating.

What is crypto insurance

The growth in the crypto markets has attracted players from other industries, including insurance. Cryptocurrency companies need insurance to shield against the risk of digital assets loss through theft, fraud or scams. Crypto insurance is particularly crucial for exchanges and other entities holding significant amounts of assets on behalf of their customers. This creates an opportunity for insurers so long as they can mitigate risks.