Crypto industry lost $572.7m to hacks and scams in Q2

In the second quarter of 2024, a total of $572.7 million in crypto was lost across 72 incidents due to hacks and scams. Centralized finance platforms were the primary targets of these breaches.  These losses marks a 70.3% increase from…

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BlockDAG Steals Spotlight from Retik Finance Exchange Listings: $30M Presale Frenzy and Worldwide Events Ignite Investor FOMO!

While Retik Finance has begun its expansion by launching multiple Centralized Exchanges (CEXs) to broaden its market presence and attract more investors, it still falls short of BlockDAG’s appeal.

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Binance-backed Bitcoin restaking startup BounceBit unveils roadmap

BounceBit has announced its roadmap to democratize high-yield opportunities in Bitcoin investing by merging centralized and decentralized finance. BounceBit, a new Bitcoin restaking startup backed by Binance, has unveiled its roadmap for 2024, outlining key aspects the project is planning…

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Bitcoin retreats from record high amid analyst warnings of 20% market correction

IntoTheBlock’s head of research cautions that the market is showing signs of ‘being overheated,’ citing escalating leverage in both centralized and decentralized finance sectors. With Bitcoin’s (BTC) price retracing from its peak and dipping below $69,000, analysts at IntoTheBlock warn…

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SEC’s Gary Gensler Warns Over AI ‘Monoculture’ Risks to Finance Sector 

SEC Chair Gary Gensler warns that a centralized AI market could pose a risk to the financial system, creating a "monoculture" where many rely on a few AI models and data aggregators. The post SEC’s Gary Gensler Warns Over AI ‘Monoculture’ Risks to Finance Sector  appeared first on BeInCrypto.

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Decentralized exchange Curve’s CRV falls as its supply moves to centralized exchanges

Most crypto companies scramble to survive through the fallout of FTX’s bankruptcy, but while many expected decentralized finance (DeFi) space to mostly enjoy the increase of its userbase thanks to public trust in centralized crypto falling — but that’s not…

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AgoraBank Ushers In The Future Of Banking

The finance industry has long been under the control of centralized corporations like banks, insurance companies, stockbrokers, etc. , who operate as exclusive, profit-focused middlemen that people cannot access financial services.

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Bankman-Fried misguides regulators by directing them away from centralized finance

FTX Exchange CEO Sam Bankman-Fried proposed a blueprint for regulators to look into decentralized finance — with nary a word about centralized exchanges like his own.

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Celsius Network’s bungling showed why centralization can’t protect privacy

Celsius’ bankruptcy proceedings resulted in 14,000 pages of customer data leaking to the public. The incident displayed the pitfalls of centralized finance.

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Nested Made DeFi Accessible to All

The wilderness of decentralized finance (DeFi) and its consequent lack of accessibility have warded off too many potential users from centralized finance (CeFi). The latter makes the possibility of mass adoption all but a sweet dream.

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Nested Made DeFi Accessible to All!

The wilderness of decentralized finance (DeFi) and its consequent lack of accessibility has warded-off too many potential users from centralized finance (CeFi). The latter makes the possibility of mass adoption all but a sweet dream.

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Nested made DeFi accessible to all

The wilderness of decentralized finance (DeFi) and its consequent lack of accessibility has warded-off too many potential users from centralized finance (CeFi). The post Nested made DeFi accessible to all appeared first on CryptoSlate.

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UK Financial Policy Committee’s Carolyn Wilkins calls for improved governance, trust in crypto industry

External member of the UK Financial Policy Committee Carolyn Wilkins has argued that the current decentralized finance governance structure is more centralized than it claims to be. The post UK Financial Policy Committee’s Carolyn Wilkins calls for improved governance, trust in crypto industry appeared first on CryptoSlate.

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Nested made DeFi accessible to all!

The wilderness of decentralized finance (DeFi) and its consequent lack of accessibility has warded-off too many potential users from centralized finance (CeFi). The latter makes the possibility of masThe post Nested made DeFi accessible to all! appeared first on AMBCrypto.

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DeFi Lender Compound Takes Bite of Institutional Crypto Loans Pie

Decentralized Finance lending platform Compound is trying to grab a slice of the institutional crypto borrowing business that rocked centralized competitors from Genesis to BlockFi.

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Big Eyes Provides An Aqua Protection-based That Could Rival BNB And Decentraland

The digital world is experiencing exponential growth daily. However, decentralized finance, or DeFi as it is popularly called, is a new innovative concept that is taking over the reins of finance from centralized finance.

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REX – A new kind of blockchain investment optimized to create passive income

Time-based investments and bonding financial tools have been around for many years in the Traditional Finance (TradFi) world and have recently made their way onto blockchains, replacing centralized banking institutions with decentralized code-based protocols.

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What Happened on JPEX Exchange?

After years of operating as one of the most successful centralized cryptocurrency exchanges (CEXs) in the decentralized finance space, JPEX is finally launching its native asset, called JPC. This is a digital asset that will be contributing to the overall ecosystem of the JPEX platform.

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HyperDEX Finance: Simplifying DeFi For The Masses

HyperDEX is a decentralized protocol that enables people to easily buy, sell, exchange, borrow, and lend cryptocurrencies and digital assets. Unlike traditional exchanges, HyperDEX does not require users to deposit funds into a centralized account.

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Residual Token Inc. ($eRSDL) Merges Decentralized Finance with Traditional Finance, A Whole New Way to Bank

Major centralized crypto-for-fiat lenders have failed due to price driven liquidity crises. Other crypto-for-fiat lending solutions exist that do not face similar risk. Pool-to-peer lending...

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Blockchain Gaming Stands Firm As Crypto Market Staggers

Investments in blockchain initiatives have been patchy, but GameFi is one industry that is sustaining development despite the market’s decline. The blockchain gaming industry has quietly weathered the storm better than other market segments, despite the fact that the majority of investors are focused on the most recent scandals involving centralized finance (CeFi) and decentralized […]

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CeFi Should Be Regulated Like Traditional Banks, Says DeFi Boss

Recent difficulties at Celsius, BlockFi, Babel, Vauld and Novi demonstrate the fundamental flaws of centralized finance (CeFi), and clearly demonstrate why centralized operators require far stronger regulatory oversight.

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Is Self-Sovereignty The Only Path Forward For DeFi?

Accessing decentralized finance should be possible without centralized intermediaries. Unfortunately, most people only now realize how many of these entities there are and the damage they can do to the broader ecosystem.

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Japanese Government Reportedly Set To Freez Stolen Crypto – Assets By Passing New Law

The decentralized nature of crypto assets ensures that transactions and activities involving the assets have no third parties interference. This has remained a leveraging feature that decentralized finance uses against its centralized counterpart.

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Chainge Finance officially becomes the most liquid cross-chain crypto trading venue on the market

In early 2009, Bitcoin trading was peer-to-peer, initially via PayPal. However, it only took a few months before the first ramp was launched. Mt Gox and earlier variants were, as expected, rudimentary and centralized.

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Hashstack Launches Open Protocol’s First Under-Collateralized Loans

Decentralized Finance is still in its infancy, with a broader adoption yet to happen. The faith that individuals have in centralized systems is difficult to break, and restoring it in decentralized options is equally harder given the hacks and exploits.

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The Highly Relevant Role Of Community In Decentralized Finance

At a time when the power of the internet is challenging centralized institutions, decentralization has positioned itself as a promising avenue. Powered by blockchain technology, decentralization is gradually transforming and overtaking existing solutions, including, but not limited to, the traditional financial system.

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Wootrade Review – What Is WooTrade & How To Use It?

Wootrade is a new breed of CeFi (Centralized Finance) crypto platform. Being a one-trick pony just isn’t enough these days, so Wootrade combines several elements. They’re a digital asset liquidity pool for their institutional clients, an exchange with zero fees for trading teams, and a token that’s set to skyrocket for retail investors.

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Wootrade Review [2022] – What Is WooTrade & How To Use It?

Wootrade is a new breed of CeFi (Centralized Finance) crypto platform. Being a one-trick pony just isn’t enough these days, so Wootrade combines several elements. They’re a digital asset liquidity pool for their institutional clients, an exchange with zero fees for trading teams, and a token that’s set to skyrocket for retail investors.

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Harvest Finance Developers Adamant on Keeping the $1 Billion Project Centralized

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Economic turbulence in 2020 sparks boom in crypto-based CeFi lending

Crypto-based centralized finance (CeFi) platforms appear to be the beneficiary of the economic events seen throughout the past fiscal quarter. The post Economic turbulence in 2020 sparks boom in crypto-based CeFi lending appeared first on CryptoSlate.

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Compound launches native governance token

Compound Finance moved away from a centralized governance model to one driven by community governance. Every Compound user, both borrowers and lenders on the DeFi platform, will now receive a native governance token called COMP every time they make a transaction.

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DeFi vs CeFi: Two industry leaders to square off in debate during BlockDown 2020

The crypto industry has long been engaged in a debate regarding whether or not the merits of Centralized Finance (CeFi) outweigh those of Decentralized Finance (DeFi). The post DeFi vs CeFi: Two industry leaders to square off in debate during BlockDown 2020 appeared first on CryptoSlate.

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DeFi may be the future, but centralized finance won't be forgotten

Beyond Bitcoin as a medium of exchange or a store of value, there are fewer aspects of the cryptocurrency space as exciting as Decentralised Finance [DeFi]. A manifestation of cryptocurrency ethos of The post DeFi may be the future, but centralized finance won't be forgotten appeared first on AMBCrypto.

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For Web 3.0 to Be Successful, It First Needs to Be Centralized

The need for a decentralized world has been emphasized time and time again. And as the cracks of centralized finance begin to show, is the rise of Web 3. 0 and...The post For Web 3.

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Ethereum backed by Ether could be true representation of open finance

In the traditional world of finance, paramount significance is placed on trust and centralized models of governance. When the idea of cryptocurrencies like Bitcoin was conceived, it sought to present The post Ethereum backed by Ether could be true representation of open finance appeared first on AMBCrypto.

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Money Heist – What does Centralization and Decentralization Mean for Money?

The new season of La Casa de Papel is about to be released. In light of this, we’re taking a moment to compare centralized and decentralized finance – and why we strongly believe in the latter.

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What Does the DeFi Hold for Crypto in 2020?

Coinspeaker What Does the DeFi Hold for Crypto in 2020?By offering open-access technology, DeFi is to move away from centralized finance, which has dominated banking since its inception.

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DeFi is not going to 'scale the same way as centralized companies'

The decentralized finance sector of the cryptocurrency space has garnered a lot of attention over the past few months, with the total value locked in platforms that fall under this consequently breakiThe post DeFi is not going to 'scale the same way as centralized companies' appeared first on AMBCrypto.

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Merit of Crypto as Safe Haven Showing: Bitcoin Volume in Hong Kong Spikes

Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity.

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Multi-Billion Dollar Crypto Firm: Bitcoin Finding Use as Hedge for Global Crisis

Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity.

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Bitcoin is Needed Now: Macroeconomic Backdrop Adds Value to Crypto

Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity.

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Op Ed: 3 Reasons Why Crypto Has an Exchange Problem

While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges.

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With Latest Partnership, Ledger Vault Offers a Fix to Crypto’s Custody Problem

Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).

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On Collusion

Special thanks to Glen Weyl, Phil Daian and Jinglan Wang for review Over the last few years there has been an increasing interest in using deliberately engineered economic incentives and mechanism design to align behavior of participants in various contexts.

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How Much Decentralization Is “Enough”? Vitalik Say High TPS Projects Are Centralized Pile of Trash.

We are in the tenth year of blockchain. It is apparent that this emerging technology has a lot of use cases— (subject to decentralization levels). It may not be in finance where it is already causing disruption but in other core areas of traditional industry say in manufacturing or service industry for example.

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Ripple Will Make Payments as Easy as Sending Emails, Ross D’Arcy Says

Ripple has made very clear its ambition to revolutionize the world of finance through blockchain technologies even though centralized and more traditional methods dominate it. Sending Money Should Be as Easy as Sending an Email According to an article published by The Daily Hodl, Ripple sales director Ross D’Arcy commented that its solutions are designed […] The post Ripple Will Make Payments as Easy as Sending Emails, Ross D’Arcy Says appeared first on Ethereum World News.

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Crypto Projects Are Not Very Decentralized, Claims New Yahoo Finance Report

Cryptocurrencies rose to fame while talking about decentralization, but a new analysis by Token Analyst for Yahoo Finance UK claims otherwise. It suggests that of the top 50 currencies by trading volume*, the top 20 wallets hold an average of 78% of all coins.

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Can Merkle Mining Be the Next Step in Decentralized Token Distribution?

One of the critical characteristics that trump P2P networks like Bitcoin and Ethereum over traditional mechanisms of finance is their degree of decentralization. Having the authority to make decisions distributed equally among all the participating entities ensures an efficient and transparent mode of transactions, unlike centralized mechanisms where the power can be abused to wrong people en masse.

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