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 […]
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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 […]
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Decentralized finance (DeFi) platform Compound is going ahead and decentralizing itself. “My personal belief is that nobody would use bitcoin if it was run by the ‘Bitcoin Corporation,’” Robert Leshner, Compound’s founder, told CoinDesk in a phone call. “Its power comes from the fact that nobody truly controls it.” In that spirit, Compound is launching […]
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Decentralized Finance “DeFi” has experienced tremendous growth in the past few months, and it looks like it’s only going to continue ramping up. According to DeFi Pulse, there is roughly $1.13B locked into DeFi contracts, nearly double the amount at the start of 2020. The underpinning of DeFi’s recent rise to popularity is the series […]
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DENVER – Decentralized finance (DeFi) project bZx has suffered an attack in which a hacker successfully gamed multiple DeFi protocols to extract $350,000 from the platform, about 2 percent of the assets under management. In response, the company took down its lending and trading protocol Fulcrum at 7:00 UTC. The company was presenting at ETHDenver […]
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Trustless insurance has arrived on decentralized finance (DeFi). At least on the Compound protocol, the collateralized lending platform that runs on ethereum. The new product, from a company called Opyn, allows people to take out options on stablecoin deposits, allowing users to hedge against the risk of a catastrophic event wiping out Compound’s books. “You […]
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It was only December when the entire decentralized finance (DeFi) market was worth less than $700 million. Early this morning, it hit $1 billion, a figure that even the most fervent blockchain skeptics would have a tough time dismissing as meaningless. That figure is the measure of all the crypto held in projects that lend, […]
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Zoom might not be a decentralized app but as the go-to video conferencing tool for crypto project communications, it is seen by many as an important enabler of the industry’s various decentralized communities. Harry Moseley, a technologist with an eclectic career who is now Zoom’s chief information officer, sat down with CoinDesk’s Michael Casey to […]
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The decentralized finance (DeFi) market saw a massive upswing in 2019 and its growth is expected to continue in 2020. Yet, only a handful of accounts are responsible for much of the industry’s value. DeFi is the movement to transform old financial products into trustless and transparent protocols that run on decentralized applications built using […]
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The decentralized finance (DeFi) boom of 2019, leading to over $785 million in locked crypto assets, is already making accountants dizzy. If you lock up bitcoin or ether in exchange for a synthetic asset or a stablecoin, as nearly a dozen projects and platforms today allow, is that a trade or merely a temporary reorganizing […]
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