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As much as the global economy continues to grow, we are leaving billions of people behind who don’t have bank accounts, a reality that is exacerbated by the economic impacts of the coronavirus. Without a bank account, a person can’t get a loan, invest or earn interest on savings. Decentralized
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The World Economic Forum, or WEF, believes that blockchain represents a core element of sustainable digital finance — a new paradigm that combines emerging technology with environmentally conscious business models.In a new report published Wednesday, UBS executive Karin Oertli lists blockchain technology along with artificial intelligence, mobile platforms and the
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There are so many DeFi projects and tokens starting now changing how funds are managed. It is an open-source, permissionless, transparent, and trust-less system without any intermediaries. Some of the famous DeFi projects are Uniswap, Compound, Aave, and MakerDAO. Though DeFi Open finance development is at an early stage, it
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Some $1 million in Ethereum tokens is locked in a new DeFi app after its developers made changes to the protocol’s interest rate smart contracts.DeFi lending platform PercentFinance, a fork of Compound Finance, wrote in a blog post on Nov. 4 that “that some of [its] money markets experienced an
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Alfa-Bank, one of the largest private commercial banks in Russia, has joined a blockchain trade finance network backed by HSBC.According to an official announcement on Nov. 3, Alfa-Bank is the first Russian bank to become a member of Contour — a blockchain platform connecting the world’s major financial institutions like
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A splendid beginning for Yearn Finance in the third quarter is coming to an end with a brutal
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Available now with Crypto Cars Online Dallas/Fort Worth, Texas— October 26, 2020 — Crypto Cars Online announced immediate availability of purchasing vehicles with crypto currency, after partnering with top rated auto dealers in the Dallas Fort Worth area. “Our system is simple when you buy a car with Crypto Currency,” said Spokesman
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Decentralized finance (DeFi) protocol Harvest Finance has upped its bounty from $100,000 to $1 million for information leading to the return of $24 million in siphoned funds taken in an exploit Monday.According to the Harvest Finance Twitter and Discord account, the anonymous Harvest Finance team is offering the bounty for
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The price of Curve Finance’s governance token CRV spiked by more than 100 percent as the decentralized exchange
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An arbitrage trade exploiting weak points in decentralized finance (DeFi) protocol Harvest Finance led to some $24 million in stablecoins being siphoned away from the project’s pools on Monday, according to CoinGecko.According to reports, an attacker used a flash loan – a technique that allows a trader to take on
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