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Digital asset investment firms poured $2.7 billion into decentralized finance (DeFi) projects in 2022, up 190% from 2021 as investments into centralized finance (CeFi) projects went the other way — falling 73% to $4.3 billion over the same timeframe. The staggering rise in DeFi funding was despite overall crypto funding
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The Consensys CEO lashed out at CeFi companies stating that the recent events have exposed their ill behavior and further opened the gates for DeFi to flourish.In the latest development, blockchain engineering firm ConsenSys CEO Joseph Lubin announced that the company will be cutting 97 jobs this year. This comes
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“We’re keeping the company strong; we didn’t cut into muscle,” Lubin said in an interview with CryptoX. “We sort of right-sized support functions, some customer support, some internal team support, because there’s just less activity in our ecosystem right now. I expect we’ll get back to doing quite significant and
Read MoreWe aren’t taught real economics in school. We learn, instead, voodoo economics. For example, rarely — if ever — do professors present us with the valuable insights highlighted by the Austrian school of economics. Individuals, therefore, need to break their conditioning to understand how the financial world works. The truth of
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