DeFi Protocols See 24% Drop in Fee Revenue in August Amid Market Shifts
DeFi protocols fee revenue August 2024 experienced a significant decline, with total fees charged by decentralized finance (DeFi) platforms dropping by 24.4% to.
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Former Amazon Engineer Sentenced For Hacking DeFi Protocols
Former Amazon engineer Shakeeb Ahmed sentenced to 3 years for hacking DeFi protocols. Ahmed exploited smart contracts, causing an exchange to shut down.
Crypto News
FTC Cracks Down on DeFi Protocols: 0x, Opyn, and Deridex Face Charges
The Commodity Futures Trading Commission (CFTC) has taken decisive action against three decentralized finance (DeFi) protocols, 0x, Opyn, and Deridex, for allegedly offering.
Crypto News
CFTC Takes Regulatory Action Against DeFi Protocols for Derivatives Violations
On September 8, the U.S. Commodity Futures Trading Commission (CFTC) announced cracking down on three decentralized finance (DeFi) protocols: Opyn, ZeroEx, and Deridex..
Crypto News
Microsoft backed Space and Time partners with South Korean gaming firm Wemade
Web3 data warehousing platform Space and Time is teaming with publicly listed South Korean game developer Wemade. Established in 2000, Wemade is a.
Crypto News
Australian Tax Authority (ATO) Sees Your Cryptocurrency Transactions
For taxation purposes, cryptocurrencies are regarded as property. As a result, transactions involving cryptocurrencies are exactly like any other investment subject to capital.
Blockchain News
Fed’s Powell asserts that DeFi needs proper regulation before entering the retail market
Jerome Powell, the chairman of the US Federal Reserve, has spoken out over the growth of decentralized finance (DeFi) and its effects on.
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The difference between DeFi and open banking
In an open banking system, secure API access to financial data is provided to outside financial service providers. This makes it possible for.
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DeFi vs centralized finance (CeFi)
Not all financial services are decentralized, not even in the world of cryptocurrency. As an illustration, staking through a centralized exchange like Binance.
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Traditional Finance vs Decentralized Finance (DeFi)
The most obvious distinction between DeFi and traditional financing is accessibility. Anyone with some cryptocurrency can build a wallet and begin using DeFi.