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Flare, the layer-1 for data, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle, an NFT was trustlessly purchased with the transaction taking place on a different chain using a different token.
It might just be a sign of the times, and it definitely feels like so much has been said about DeFi already that I thought it would be wise to go directly to the source and speak to some of the pros from around the world who work in the industry on a daily basis.
This article discusses the top 5 most promising DeFi projects of 2023, highlighting their potential to revolutionize the global finance system. The list includes Uniswap, Synthetix, Aave, Compound and Maker Dao.
Cybersecurity is one of the world’s most pressing concerns at the moment. State departments, major corporations, healthcare providers, universities, and manufacturing facilities have all been hit hard by cybercrime actors. The early days of cryptocurrency were denoted by hacks of centralized exchanges (such as Mt.
Security is one of the biggest challenges for crypto users and the service providers in the digital asset industry. 2021 and 2022 have witnessed the biggest single hacks by value, in the history of cryptocurrencies.
Cosmos is an ecosystem of interconnected blockchains, like a hub-and-spoke, with Cosmos Hub at the center. Each application can be its own unique Proof-of-Stake blockchain, opening up the potential for an internet of custom-purpose blockchains in the future. Despite having a very strong developer ecosystem, Cosmos DeFi itself has to-date lagged behind other blockchains due to a lack of available stablecoins.
The decentralized finance (DeFi) ecosystem has rapidly grown in popularity in recent years. One of the most popular activities in DeFi is yield farming, where investors can earn high returns on their crypto assets by participating in various protocols and liquidity pools. In this article, we dive deep into understanding what it even is, the mechanics, benefits, risks, and a couple tips on maximizing returns with a couple projects to kickoff your journey with action.
Non-fungible token (NFT) sales saw a significant rise of 8.5% during the period from February 10 to February 16 on a global scale. The total sales volume for the week reached a staggering US$304 million, marking an increase from the previous week's US$280 million in NFT sales.
Kraken and Paxos are two crypto companies that are among the oldest and most well-established in the industry. Kraken recently reached a settlement with the SEC to pay a 30 million dollar fine and shut down its crypto staking service for U.S. customers.
Financial institutions run the danger of falling further behind the curve if they wait for the euphoria surrounding cryptocurrencies to die down. The market capitalization of the crypto market topped $3 trillion during the fourth quarter of 2021.
Web3 culture may bring “degens” closer together, but will it ever make it to the mainstream? Its biggest drawback is still being a niche league. A bridge between the digital world and the real world is still necessary. Media that connects people has always been at the center of power in any era.
2023 will likely be the year that we see the integration of DeFi protocols with traditional finance instruments. GameFi is poised for more growth, both in terms of adoption and infrastructure advancement.
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