AAVE has rapidly emerged as one of the most popular platforms in DeFi, enabling crypto users to borrow and lend tokens and earn interest without the need for any middlemen. Instead of using a third-party intermediary, AAVE runs on the Ethereum blockchain and uses smart contracts to manage assets. So
Road Town, British Virgin Islands, 1st March, 2022, Chainwire Hot on the heels of launching its Open Protocol testnet, Hashstack Finance is thrilled to announce the closing of its $1 million seed funding round. The project will use the proceeds to develop the Open Protocol, attract top talent, and
As a Cardano decentralized exchange (DEX), Bashoswap intends to enable the swaps between ADA and other Cardano-based crypto assets. Beri Ardas, a blockchain specialist with years of expertise in the crypto business, founded the company in late 2021. The Bashoswap project is the output of a team of developers and
Cryptocurrencies are gradually becoming mainstream assets in today’s financial market ecosystem. However, the opportunity to make money in this burgeoning niche carries a similar amount of risk. Decentralized Finance (DeFi), in particular, has been notorious for security exploits in the past; according to a report by Cipher Trace, DeFi accounted
The cryptocurrency market experiences wild swings and extreme volatility at unexpected times. This extreme volatility keeps many new investors and risk-averse investors away from this market. A close look at the crypto market in January will further illustrate this point, as the total crypto market cap dropped by as much
Flare has teamed up with Ola Finance to provide a broader range of DeFi solutions, including tailored lending networks. On Songbird, Flare’s canary network, Ola intends to create a loan network to deploy it on the mainnet eventually. One of the company’s offerings is to provide its partners with loans
Meter multi-chain DeFi platform gets hacked. Suffers losses estimated to be $4.4 million. A bug attack is found responsible, targeting the platform’s weak bridges. Hacks and scams have indeed become an integral part of the crypto and blockchain ecosystem. In such terms, one of the most prominent multi-chain and bridging
Let us look at the top 3 DeFi tokens in terms of volume in the last 24 hours. Terra (LUNA) A blockchain technology, Terra employs fiat-pegged stablecoins to support global payment networks that are price stable. According to its white paper, with Terra, users have the stability of fiat currencies
Theft of cryptocurrencies has increased by 516 percent since 2020. Cryptocurrency investment is on the rise throughout the world. As more people participate in crypto markets. There has been an increase in frauds and thefts of cryptocurrency. Covid-related uncertainty has led to a rise in popularity for virtual currencies like
Unizen, a major participant in the “Centralized Decentralized Finance” field, has announced a new project to bring the concept closer to reality. Intending to bring together DeFi developers and decision-makers at conventional, centralized finance (CeFi) firms and combine the benefit of a centralized exchange with decentralized cousins, the smart exchange
