Crypto companies aim to build trust within future products and services
Companies are taking new approaches to building trust within Web3 and crypto products. Go to Source Powered by WPeMatico
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Users need to go under the engine in Web3 — HashEx CEO
HashEx CEO Dmitry Mishunin summarizes Web3 as read, write, own — a “crazy responsibility” for the end-user. Go to Source Powered by WPeMatico
New year community advice: Check your smart contract approvals
A Reddit user has warned of the potential dangers of unchecked smart contracts, advising the community to revoke approvals on a regular basis. Go to Source Powered by WPeMatico
Coinbase CEO: Regulate centralized actors but leave DeFi alone
Armstrong said that because centralized exchanges and custodians have the most risk of causing consumer harm, regulators must focus there first and foremost. Go to Source Powered by WPeMatico
TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021
The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17, 2022, the TVL in defi is roughly $39.53 billion after dropping more than 4% in value during the past 24 hours. Value Locked in Defi … Read more
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC. Go to Source Powered by WPeMatico
Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed
On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during the past 12 months, the TVL in defi dropped 82.56% from roughly $239 billion in Dec. 2021, to today’s aggregate. Smart Contract Token … Read more
Decentraland launches virtual property renting for LAND owners
The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace. Go to Source Powered by WPeMatico
Animoca Brands secures majority stake in music metaverse gaming platform
Animoca wants to advance the music industry within Web3 and gaming through its latest partnership with Pixelynx. Go to Source Powered by WPeMatico
Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask
Banking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. The Russian bank believes the integration will give developers more options and create new opportunities for users when in operations with tokens and smart contracts. Sber Bank to Provide Ethereum and Metamask Support on Proprietary Blockchain The blockchain … Read more