DeFi

Emurgo took to their official Twitter account on the 26th of Sep 2021 to confirm the announcement that they are ready to invest $100M in the Cardano ecosystem. Emurgo had made this announcement at the Cardano Summit. Cardano ‘Stretches’ to Support DeFi, NFTs, and Blockchain Education On the 26th of Sep 2021, Emurgo, the commercial of crypto giant Cardano, took to its official Twitter account to confirm that it intends to invest $100M in Cardano’s Ecosystem. The vast funding will support the development of DeFi and NFTs on Cardano’s…

At its core, Yield farming, also known as liquidity harvesting, involves the art of lending cryptocurrency. It provides more lucrative returns than any other cryptocurrency or conventional investment. It's a chance for the bold and risk-averse digital holders to win big. The United States Securities and Exchange Commission (SEC) is considering whether to regulate the process. In lending cryptocurrencies, the owner profits when the coin appreciates. Therefore, yield farming is an incentive that stimulates the adoption and growth of cryptocurrencies. Yield farming…

The surge in Bitcoin's popularity prompted the design of a whole industry on blockchain technology and digital assets. Some crypto market members contend that decentralized systems will gradually replace traditional services.  While it's still early to be confident about these claims, we can all agree that there is an intriguing competition between Decentralized Finance and cryptocurrencies. This article will focus on the primary differences between the two and which one you are more likely to profit from its trades. DeFi…

Folks in the crypto community usually prepare for when a Bull-run trend commences before they can invest. Needless to say, countless other opportunities exist when an investor can obtain high yields. In that rationale, Yield Farming is among the newest projects that let users exponentially ramp up their crypto investments hassle-free. However, the Semantics that are part of yield farming can be a Gordian knot to unfold. For instance, not many folks understand it, let alone when to invest in…

When contemplating investing in a particular company, a serious investor always wants to know the company's real value beforehand. There are straightforward ways of determining the company's value in traditional finance, like multiplying stock by the unit stock price.  In Decentralized finance, good investors always want to analyze the value of a Defi project before making any decision. But how can an investor know the actual value of Defi? The most popular metric used in the Defi world is determining…

This article is a beginner's guide to Solana, the decentralized blockchain. By the end, you should be able to answer the following: What is Solana? How is Solana special? What are DApps? What is proof of history? Why is proof of history important? What are Solana (Sol) tokens? How to buy Sol tokens? What is Solana? Solana is a decentralized blockchain network built to rival Ethereum and offer scalability without compromising its security. Solana began its planning stage in 2017…

As reported by Crypto Adventure, an unknown hacker exploited token-swapping network Poly to the tune of $600M on Tuesday. Many industry participants were shocked by the heist, the biggest ever hacking attack in the DeFi sector. However, in a stunning twist of events, the hacker has started returning some of the stolen hauls after Poly Network's appeal on Twitter. The attacker sent a message embedded in a crypto transaction on Wednesday, informing Poly Network that he was ready to return…

On Tuesday 10th August 2021, cross-chain Defi platform Poly network got hacked, with the alleged attackers draining more than $600 million on BinanceChain, Ethereum, and OxPolygon. This is the largest DeFi hack to date. According to Igor Igamberdiev, the leading cause of the attack is attributed to a cryptographic issue – although this is not usually the case. It can be likened to the Anyswap exploit, which led to $7.9 million's theft due to the hacker reversing the private key.…

AOFEX is a blockchain-based exchange and ecosystem. The network provides crypto traders with the ability to effortlessly trade, stake, mine, and more. AOFEX entered the market intending to provide a more transparent and regulated option. As such, the platform received its MSB license for digital currency trading from US regulators. Today, it seeks to become a vital bridge for institutional investors seeking to gain exposure to the digital economy.   AOFEX operates as a centralized exchange that offers low fees and…