Decentralized exchanges (DEX) have grown massively since 2019, while the number of active exchanges – whether centralized or decentralized – has dropped in the same time period, according to Chainalysis’ latest report. This finding, which the blockchain data firm published Tuesday, showed that as cryptocurrency exchange competition has intensified, the crypto market – especially large, […]
Continue Reading
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a […]
Continue Reading
Microsoft (MSFT) Decentralized Identity head Daniel Buchner announced he is leaving the company to join Square (SQ) to lead the payment company’s efforts in the emerging space where blockchain technology is used to verify identities online. “This decision wasn’t made lightly. Microsoft is a key player whose contributions have advanced the entire ecosystem. I chose […]
Continue Reading
Cardano’s decentralized finance (DeFi) ecosystem may be showing glimmers of primordial life following the close of a $10 million raise for Ardana, a new protocol that aims to provide stablecoin minting and exchange services. The round was led by Three Arrows Capital, Cardano’s cFund and Ascensive Assets, with participation from Morningstar Ventures and Mechanism Capital. […]
Continue Reading
Crypto market maker GSR is going big on decentralized finance (DeFi) after concluding that decentralized exchanges (DEXs) like Uniswap will prevail over the firm’s centralized partners. Head of DeFi Jake Dwyer told CoinDesk his unit is already moving $1 billion daily on Ethereum- and Solana-based DEXs. DeFi trades account for 20% of GSR’s daily activity; […]
Continue ReadingUniswap (UNI) is the native token of the Uniswap decentralized exchange, a liquidity provider for the trading of tokens on the wider Ethereum network, also known as ERC-20 tokens. The Uniswap protocol is designed to be fully decentralized, using a trading model known as an automated liquidity protocol. That method gives users incentives to provide […]
Continue Reading
Popular decentralized finance (DeFi) no-loss savings game PoolTogether has overhauled their architecture with the launch of its v4, a protocol upgrade tailored to the little guy. For users, the most important changes coming refers to wins percentages. “The problem we have is that when we launched the POOL token, we initially got a lot of […]
Continue Reading
With over 3,500 decentralized applications, Ethereum has established itself as the top choice for blockchain developers. However, a slew of competitors (new and old) are looking to capitalize on Ethereum’s growing pains– projects like Polkadot, Cardano, and Solana are eager to succeed where Ethereum has performed poorly. If Ethereum wants to stay competitive, the Ethereum […]
Continue Reading
The decentralized or distributed web (DWeb) is widely slated as the natural evolution of the web thanks to its potential to claw back power from the centralized entities that currently dominate the internet landscape and return it to us—the users. A recent paradigm shift has seen users demand control of their data, while an incredible […]
Continue Reading
Decentralized derivatives exchange Digitex has fallen victim to a significant data breach believed to have exposed the email addresses and possibly other information of more than 8,000 users. A former employee stole private information for more than 8,000 users, Christina Comben, who heads Digitex’s communications, said Friday. Comben told CoinDesk the exchange was “aware of […]
Continue Reading