What Is Decentralized Insurance?
Decentralized insurance, also known as blockchain insurance or smart contract insurance, is a form of insurance that utilizes decentralized ledger technology, such as blockchain, to create insurance products that are transparent, immutable, and autonomous.
Defrost Finance Breaks Silence on ‘Exit Scam’ accusations, Denies Rug Pull
Defrost Finance, the decentralized trading platform that suffered a $12 million exploit leading up to Christmas, has denied allegations that it had “rugged” its users as part of an elaborate “exit scam.” On Dec. 23, the platform announced it suffered a flash loan attack, leading to the draining of user funds from its V2 protocol. One day later, another incident saw a hacker steal the admin key for a second “much larger” attack on the V1 protocol. (Cointelegraph)
Gnosis Protocol Officially Announced
The Gnosis team is thrilled to announce the launch of the Gnosis Protocol, the result of two years of research and development into better ways to trade on Ethereum. Gnosis Protocol is a fully permissionless DEX (decentralized trading protocol) that enables a new mechanism called ring trades to maximize liquidity. Ring trades especially improve liquidity for illiquid or “long tail” tokens such as prediction market outcome tokens, by facilitating trades not normally possible on traditional trading protocols.
Crypto Investment Firm Midas Shutting Down Platform Following Losses
Midas Investments, an investment firm that focused on DeFi yields, is shutting down its platform following significant losses experienced in 2022, according to a blog post from CEO and founder Iakov “Trevor” Levin.
OKX Broadens DApps Offering, Partners with DappRadar
OKX, the leading crypto exchange in terms of volumes, has announced a new partnership with DappRadar, an app store for DApps, allowing its users to use a broader base of DeFi and GameFi applications.
CoinDCX Ventures To Deploy ₹50 Crore in 2023, Looks at New Investment Themes
CoinDCX Ventures, the investment arm of the crypto unicorn CoinDCX plans to deploy ₹50 crore in 2023. The fund is eyeing investments in scalable platforms, developer tools, and decentralised finance (Defi) among other existing investment themes, said its MD Rohit Jain.
Hackers Drain $8M in Assets From Bitkeep Wallets in Latest DeFi Exploit
While many are still enjoying the holiday season, hackers are hard at work, draining around $8 million in an ongoing BitKeep wallet exploit.
10 Problems Elegantly Solved by Bitcoin
To understand Bitcoin you have to understand money first and then you should be able to see what are the strengths and shortcomings of the current system and what could be done to improve it.
Global Players: Cryptocurrency Adoption in Germany
Central, Northern & Western Europe remains the world’s largest crypto economy in 2022, mainly due to DeFi, NFTs and growing regulatory clarity. Western Europe alone contains six of the 40 highest grassroots adopters of cryptocurrency.
My Concern About Polygon/ MATIC: Uncanny Similarities With FTX
Polygon is probably the worst chain among major L1s, It’s so weird seeing companies flock to work with Polygon. Why aren’t they aware that there are better opportunities out there?
