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2 mins read

The explosive growth in DeFi is less impressive than it seems and is still far from adoption by mainstream investors, JPMorgan says

"There is little doubt that DeFi is still at early stages and thus has a lot of potential to grow o…

Matthew Fox   


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2 mins read

JPMorgan says ethereum is a better bet than bitcoin as interest rates rise, due to the boom in DeFi and NFTs

Ethereum is the more resilient cryptocurrency because it has more use cases, JPMorgan's analysts sa…

Harry Robertson   


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2 mins read

The CEO of top crypto trading firm says big mistakes in DeFi are putting off institutional investors - and putting retail investors most at risk

Genesis CEO Michael Moro said recent high-profile errors show the risks involved in decentralized f…

Harry Robertson   


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3 mins read

A huge glitch on DeFi platform Compound has put $160 million at risk - with the founder begging for the money to be returned

It was a very rough weekend for Compound, a DeFi platform that risks losing more than $100 million …

Harry Robertson   


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2 mins read

A crypto exchange accidentally paid a $24 million fee for a $100,000 ethereum transaction - but the miner agreed to return it

Bitfinex paid $24 million in transaction fees in one of the biggest "fat-finger" errors in crypto h…

Harry Robertson   


Camomile Shumba   


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1 min read

Hackers steal crypto worth $180 million from Beanstalk Farms, a decentralized finance project

"Beanstalk suffered an exploit. The Beanstalk Farms team is investigating the attack and will …

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2 mins read

Poly Network says all $610 million stolen by a hacker has been returned after Tether released the final $33 million

Poly Network has taken the unusual step of embracing the apparent hacker, who stole $610 million in…

Harry Robertson   


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2 mins read

Why DeFi could be an $800 billion industry next year, according to a crypto expert

At the current pace, total assets in DeFi will break $800 billion near the end of next year.

Ethan Wu   


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2 mins read

A cryptocurrency firm that was the victim of a $600 million heist has asked the hacker responsible to be its chief security advisor

"We cordially invite Mr. White Hat to be the Chief Security Advisor of Poly Network," the company s…

Isabelle Lee   


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2 mins read

'Shark Tank' star Kevin O'Leary says financial middlemen will be left shining shoes when DeFi technology takes their jobs

High-profile investor Kevin O'Leary says one appeal of DeFi is that it could get rid of middlemen -…

Harry Robertson   


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2 mins read

Cyber hackers have returned nearly half of the $600 million they stole from DeFi platform Poly Network

Poly Network's pleas for the money back appear to be working. The hackers said they stole "for fun …

Isabelle Lee   


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2 mins read

Ether trading volumes surpass bitcoin on Coinbase for the first time as DeFi and staking hype grows

The surge in interest in ether and the ethereum blockchain was clear to see in Coinbase's Q2 earnin…

Harry Robertson   


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2 mins read

Billionaire investor Mike Novogratz attacks Elizabeth Warren's anti-crypto stance, saying DeFi is far more transparent than banks

Mike Novogratz said Elizabeth Warren "doesn't seem so progressive to me", after the senator called …

Harry Robertson   


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2 mins read

Goldman Sachs files to create an ETF dedicated to DeFi and blockchain stocks

Goldman Sachs is aiming to create an exchange-traded fund dedicated to decentralized finance and bl…

Camomile Shumba   


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2 mins read

Ethereum's co-founder says he's done with crypto because it's too risky - and only represents a small bit of what the world needs

The 48-year-old Canadian has had a security team since 2017, and mostly been accompanied on his tra…

Shalini Nagarajan   


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2 mins read

Big Tech poses a threat to a decentralized metaverse, according to the founder of The Sandbox

"Our goal is to build an open metaverse that can stand against what we call competition that is the…

Carla Mozée   


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1 min read

Cardano has completed an upgrade that will mean it can bring advanced smart contracts and DeFi to its blockchain

The cardano network has completed an upgrade that will allow it to incorporate more advanced smart …

Camomile Shumba   


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2 mins read

Jack Dorsey's Square is looking to build a decentralized exchange for bitcoin

The goal is to make it easy to fund non-custodial wallets through a platform that builds on- and of…

Isabelle Lee   


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3 mins read

Crypto lending is booming as investors hunt for yield. It turned this company from niche startup to $1 billion unicorn in just 4 years.

Investors can earn returns far above those of traditional savings accounts by lending out crypto - …

Harry Robertson