Theredcentre 
The rise of decentralized finance (DeFi) in Asia is a clear indicator of the region’s growing influence in the global financial landscape. According to recent data, DeFi accounted for 55.8% of transaction volume in the Central and South Asian Oceans (CSAO) from July 2022 through June 2022, marking a substantial increase from the previous year’s … Read more
The quote above from Curtis Spencer, co-founder and general partner at Electric Capital, highlights the significance of Fordefi’s new offering in the crypto space. Fordefi is aiming to revolutionize safe institutional access to DeFi and crypto by introducing innovative tools such as MPC (multi-party computation), user policies, and transaction simulation. Spencer praises Fordefi for extending … Read more
What Is SUI? Sui (pronounced “Swee”) is a decentralized Layer 1 proof of stake blockchain, meaning it serves as the foundational infrastructure for verifying and processing transactions, similar to Bitcoin and Ethereum. Layer 1 blockchains are the backbone that supports a specific token or a network of different tokens. Sui was developed by Mysten Labs, … Read more
Liquid restaking token finance (LRTFi) is a new and exciting development in the world of decentralized finance (DeFi). This innovative concept allows for the liquidity of staked assets through the creation of liquid restaking tokens (LRTs). The implications of this new field are significant and have the potential to revolutionize the way users interact with … Read more
See also: DeFi Shouldn’t Have to Worry About the SEC’s Expanded Broker Rule | Opinion The article discusses the potential implications of Prometheum’s unique position in offering custody and trading of digital assets, including Ethereum, as a security. With licenses to offer both custody and trading, Prometheum could establish itself as the only platform for … Read more
Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, recently elaborated on the reason for his price predictions for Bitcoin and Cardano. As part of his predictions, the crypto analyst had, at the beginning of the year, stated that Bitcoin was going to hit $100,000 soon enough. Why Bitcoin Will Rise To $100,000 … Read more
On Tuesday, the Solana blockchain experienced a major outage that stopped the network’s mainnet operations for approximately 5 hours. The outage raised concerns about the blockchain’s stability and security as the incident became the 11th of the kind in the last 2 years. Kicking Solana When It’s Down? On February 6, the Solana blockchain network … Read more
A mysterious whale is rapidly accumulating Chainlink (LINK). According to Lookonchain, the unknown entity, possibly an institution, withdrew over 2.2 million LINK (worth $42.38 million) via 47 new wallets from Binance, the world’s largest crypto exchange by trading volume, in two days. This sudden block withdrawal now raises questions about what’s driving the whale’s interest and what … Read more
BRC-20 tokens open doors for developers to build their own decentralized applications (dApps) with unique economies on the Bitcoin network. This fosters community engagement through internal currencies, and attracting investment through innovative token sale structures. BRC-20 tokens are fungible tokens built on the Bitcoin network using the Ordinals protocol. It also utilizes inscriptions containing JSON … Read more
Avalanche, the blockchain platform poised for a major event in the month of love, is gearing up for a significant development. As February unfolds, the cryptocurrency market is anticipating the release of nearly $900 million worth of vested tokens from a diverse array of projects. This imminent influx into the market has sparked a wave … Read more
