The crypto market’s all-time highs are just a memory. The summer slump now seems to be deepening into something more disturbing. And it’s not so far-fetched that Bitcoin may give back all of its gains since the first quarter if bears continue their rampage. Gird yourselves, it’s white-knuckle time in crypto. On Tuesday, Bitcoin had…

Jack Dorsey, the Twitter CEO and Bitcoin enthusiast, wants to bring decentralized finance onto the OG cryptocurrency protocol. On July 15, Dorsey announced that his financial services and digital payments company, Square, is creating a new business focused on bringing non-custodial, permissionless DeFi services to Bitcoin. The new company, which is called “TBD” (just like…

When Philipp Pieper and Timo Lehes co-founded Swarm Markets in 2017 in California and then moved to Berlin, they did a strange thing. They knocked on the door of Germany’s financial watchdog, known as BaFin, and said, please regulate us. That’s not supposed to happen in DeFi. The whole idea is to break free from…

When I joined MetaCartel Ventures’ weekly meeting online earlier this month I didn’t know what to expect.  The outfit’s bare-bones website looks like something university students would cook up on an all-nighter, with low-rez GIFs and, strangely, an embedded mp3 of Evanescence’s hit “Bring Me to Life.” Its whitepaper features images reminiscent of playing cards…

Chiefess of the Defiant, Camila Russo assembles the chief voices of the biggest lending protocols in town from Compound, Aave, MakerDao and CREAM Finance for a spirited debate on the world of DeFi lending.

ThorChain, a popular decentralized exchange that enables native token swaps across different blockchains, was exploited yesterday to the tune of $4.9M. According to the project, the exploit was made possible by a recent upgrade to the protocol’s “Bifrost” router that connects ThorChain to Ethereum. The change allowed the attacker to trick the router using a…

SushiSwap’s $60M strategic fundraising round has come under fire from community members who dislike the plan to offer investors deep discounts at a time when its tokens are slumping in the marketplace. Last week, the SushiSwap team introduced a proposal  to diversify the protocol’s treasury. The decentralized exchange holds the bulk of its treasury funds…

Damien Hirst, still the enfant terrible of the UK art scene and reportedly the nation’s richest living artist, is about to add to his fortune with a $20M NFT drop. His project, called The Currency, is a collection of 10,000 NFTs, which correspond to 10,000 unique paintings of spots created by the artist in 2016.…

It’s a good time for Layer 2 enthusiasts as Uniswap V3 has soft-launched on Optimism, a leading optimistic rollup solution for scaling Ethereum.  Users can now tap Optimism to deposit, trade and provide liquidity on the decentralized exchange (DEX), which captures roughly half of all DEX volume, according to a Dune Analytic’s query. Optimism “currently…

A series of unexpected trades in the last two days roiled the DeFi Education Fund set up by Uniswap token holders, leading to finger pointing and accusatory tweets as the newly formed lobbying organization struggled to fend off more controversy. It started yesterday when Igor Igamberdiev, a research analyst at The Block, said on Twitter…