Cosmos’s Inter-Blockchain Communication (IBC) protocol, released last Thursday as part of the network’s so-called Stargate upgrade, enables token and data transfer across Cosmos-based blockchains. With the launch, Cosmos goal of creating a universe of interconnected blockchains can now become a reality. Over $6B in value, of which $2.8B comes from the Terra blockchain, can now…

DeFi is in its biggest market rout of the year and borrowers are feeling the pain. Liquidations in decentralized finance spiked to a record $133M in the past day, according to Debank data.  $85.2M, or almost 78% of the liquidations, were on  Compound. $13M, or 12%, has been shared between Aave V1 and Aave V2.…

The DeFi world is abuzz with the following question: Is Binance Smart Chain taking over Ethereum as the ecosystem’s base layer?  We looked at the numbers and the answer is not by a long shot ––at least not yet–– and this is assuming that BSC can actually be considered DeFi, which some Ethereum advocates will…

Stake's Not Decentralized (Yet?) There’s a lot of excitement in the staking economy these days. Existing staking networks are starting to attract developers and users. Staking networks continue launching at a fast pace. Staking token prices continue soaring in this current bull run. Yet this enthusiasm washes over an important weakness. Stake in these networks…

In this week’s podcast episode, we speak with long-time crypto investor Qiao Wang. Wang is a partner at the DeFi Alliance and former head of product at Messari. Unlike many Bitcoiners who get into crypto because of their ideological views, or Ethereans attracted by the possibility of building decentralized apps, Wang had been a quant trader…

Last weekend Alpha Finance was hacked to the tune of $37m but this was a hack so specific and well-informed it was immediately assumed to have been an inside job. Have you ever wondered what happens when a hack goes down, or how a perpetrator can successfully escape with the money?

Cloudflare, the internet infrastructure provider, now supports Unstoppable Domains’s .crypto domain name resolution. This will allow billions of users to access web content hosted on decentralized storage like IPFS and routed using blockchain-based domains. By using Cloudflare’s DNS over HTTPS, and after a quick change of settings, crypto enthusiasts can sidestep individual browser requirements and…

ArmorFi’s CTO Robert Forster is partnering with bug bounty platform Immunefi to personally offer the equivalent of $320k to anyone who can find a critical smart contract bug in any Ethereum ecosystem project. The program, which is hosted on Immunefi and called the R Bounty, is designed to encourage responsible disclosure of critical vulnerabilities. The…

Reversible ICO (rICO)—the latest brainchild from Ethereum dapp developer and ERC 20 creator Fabian Vogelsteller—is a new model for ICOs (Initial Coin Offerings used to fundraise for start-ups) where investors reserve tokens instead of buying them outright. Returnable tokens This new fundraising mechanism allows investors to reserve and buy tokens over time, and “return” reserved…

Rai, a stablecoin for decentralization purists, is now live on the Ethereum mainnet. It’s not pegged to fiat, it’s not backed by fiat, and it’s designed to run completely by computer programs. If it had a physical bill it would carry the inscription, “in code we trust.” RAI is an asset backed only by ETH…