DeFi ingredients are defined by the creators and developers operating in the space, and subtle variations of previous recipes create new results. In the last two months, the decentralized finance industry has seen a dramatic surge of interest, as new platforms promising to disrupt the way people manage their money, transact, earn and entertain themselves…
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Chef Nomi left some food on the table. On the heels of skepticism of the project, SushiSwap project head, Chef Nomi, dumped SUSHI tokens over the weekend. In a series of tweets, the anonymous personality Chef Nomi claimed converting SUSHI tokens is meant to move the project away from doubts on its migration from Uniswap…
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Skepticism is always wise in the Blockchain space, even if a project turns out to be on the level. SushiSwap, a fork of the popular Uniswap exchange and one of the latest breakouts of the DeFi craze, has undergone its fair share of scrutiny in recent days — and fairly so. The platform’s token, known as…
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A less scrupulous figurehead would probably have said yes. Amid skyrocketing prices in decentralized finance, also known as DeFi — a current hyped niche of crypto — one project offered half a million dollars as payment for media visibility. An unnamed DeFi project contacted trader and YouTuber Tone Vays, offering $500,000 for advertisement, Vays detailed…
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There are two sides to every story. SushiSwap, an upcoming DeFi protocol forked from Uniswap’s decentralized exchange, has grabbed numerous headlines in recent days. One such story pointed out that the project’s pseudonymous head, known only as Chef Nomi, maintains access to $27 million in Sushi tokens. Cointelegraph reached out to SushiSwap’s founder for further…
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Binance is conducting India’s first DeFi-focused hackathon aimed to accelerate DeFi innovation in the country. Global cryptocurrency exchange Binance is conducting a hackathon in India focused on decentralized finance (DeFi) that will be followed by an accelerator program. Dubbed “Build for Bharat,” the company claimed that this is the first-ever DeFi-focused hackathon and acceleration program…
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With crypto trading products appearing ahead of the legacy financial curve, it’s only a matter of time before they enter the mainstream. In 2017, many traders and investors flocked to cryptocurrencies because they were attracted by the kind of returns not available in the less-volatile traditional markets. However, volatility inevitably comes with risks as well…
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Indian crypto exchange WazirX plans to attract current users and institutional investors with its market maker protocol. One of the leading cryptocurrency exchanges in India, WazirX, today said they are gearing up to develop and launch their first decentralized finance product in partnership with the Matic network. In an announcement shared with Cointelegraph, the company…
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The crypto industry has the best historical moment to change the discourse about cryptocurrency and its reputation into a successful innovative tech sector. The COVID-19 pandemic has certainly accelerated the digitalization of economies across the globe, opening up discussions on the future of digital financial services and whether our economy should advocate for the financial…
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The DeFi sector can embrace a positive future by following comprehensive security audits and by ensuring best practice in due diligence and quality assurance. Decentralized finance, commonly referred to as DeFi, has grabbed the attention of mainstream financial and technology audiences alike. While the sector has been applauded for bringing about innovative digital finance solutions…
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