Tag: defi platforms

A beginner’s guide to generate passive income through Decentralised Finance (DeFi)

A beginner’s guide to generate passive income through Decentralised Finance (DeFi)

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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 drained 0 million from crypto platform Nomad: Five points to note

Hackers drained $200 million from crypto platform Nomad: Five points to note

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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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