Financial innovation has resulted in Decentralised Finance (DeFi) becoming a buzzword. DeFi is a blanket term used to define a variety of financial products and services that run on blockchains, and now encompasses everything from payment and transfer services to lending, borrowing, and trading. It is a combination of technologies and business models that tackle […]
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Hackers have drained nearly $200 million in cryptocurrency from the blockchain platform Nomad. For context, Nomad is a cryptocurrency bridge that allows users to swap cryptos between two or more blockchains. This comes as further bad news for Decentralised Finance (DeFi) platforms which facilitate the borrowing and lending of crypto assets. The hack has been […]
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Crypto exchange Vauld has suspended deposits and withdrawals on its platforms citing “financial challenges” amid the crypto market’s volatile conditions. Founded in 2018 by Bathija and Sanju Kurian, Vauld provides a suite of products to crypto investors. This includes fixed deposits and asset-backed lending and borrowing platforms. We take a look at why Vauld has […]
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Crypto lending may not be down and out, but it’s certainly on the ropes. Crypto lenders have boomed over the past two years, attracting tens of billions of dollars in bitcoin, ether and other coins which they in turn lent out or invested, often in decentralized finance (DeFi) projects with sky-high returns. read more But […]
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