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Algorithmic stablecoins show promise of reducing volatility — ShapeShift

Promising innovations in DeFi have given rise to a new breed of stablecoins that have the potential to reduce volatility and promote greater decentralization, according to a new research report from ShapeShift. In its latest New Frontiers research study, ShapeShift explores the recent growth of “algorithmic stablecoins,” which are cryptocurrencies that

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Polkadot parachains full of promise, but lack of launch date raises concern

Polkadot’s parachain auctions will mark the most significant milestone on its roadmap since the mainnet launch in 2020. Currently in the testnet on the Rococo network, the next stage of the launch will involve the rollout of parachains on Polkadot’s crazy cousin, the “canary network” Kusama. The rollout of Polkadot

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Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

Monday’s $4 million attack on the Cover Protocol, a decentralized insurance service, sent my mind to that classic nursery rhyme, There Was an Old Lady Who Swallowed a Fly.You know, the one where an unfortunate woman keeps eating ever larger animals to catch the previously swallowed animal. Decentralized finance faces a

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Stunning PS5 ‘Project Athia’ Tease Nails Your Next-Gen Promise

Square Enix and Luminous Productions unveiled ‘other-worldly’ adventure during Sony’s June 11 PS5 event. The teaser trailer embodied the PS5’s promised graphical leap far more than any other game showcased. Project Athia feathers the Unreal Engine 5 tech demo in graphical fidelity and detail. Yesterday, Square Enix and subsidiary studio Luminous Productions aired

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