In a recent announcement, Yield Protocol, a prominent player in the Decentralized Finance (DeFi) space, revealed its decision to wind down its operations. This marks the end of an era for Yield Protocol, as it […]
The blockchain project launched by Neal Stephenson, who coined the term “metaverse” in his 1992 book, Snow Crash, is pushing forward with its vision despite waning interest in it and some declaring that it’s “dead.” Compared […]
Two 50 million Tether (USDT) transactions have been transferred from Bitfinex to the “Tether Treasury” address, according to transfer receipts from Whale Alert. Both transactions took place on Oct. 2, 2023, two minutes apart. The […]
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland just recently announced the successful completion of a new CBDC initiative called Project Mariana. This project tested cross-border trading and […]
A nonfungible token (NFT) artist raised nearly $140,000 (114,000 British pounds) from an art event in Edinburgh, Scotland to support cancer treatment. Maggie’s Edinburgh — an institution dedicated to free cancer treatment — received 114,000 […]
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was dominated […]
As per insightful analysis from Lookonchain, Michael Egorov, the founder of Curve DeFi network, has fully completed the payment of his remaining debt associated with DeFi lending protocol Aave. Egorov’s debt repayment spree was triggered […]
MENA (Middle East and North Africa) region has been increasingly adopting cryptocurrency for various reasons. In countries with unstable currencies or high inflation rates, cryptocurrency serves as a means to protect wealth. Contrastingly, individuals in […]
The recent eye-catching post calling the demise of non-fungible tokens (NFTs) has stirred strong reactions in many. The NFT sector, in general, witnessed a significant slump owing to the broader market downturn. However, a recent […]
Murakami to wind back from NFTs Acclaimed Japanese contemporary artist Takashi Murakami says he may not release any more nonfungible tokens (NFTs) moving forward after first jumping into the market in late 2021. Murakami is […]