DeFi Archives - Cryptotimes Africa

Regulator-backed decentralisation is coming to financial services in Nigeria and here’s how it’s happening

by Terry Kunle October 9, 2024

By Femi Adeyemo Financial services in Nigeria have evolved significantly over the years with the help of technology. From being able to only send money by walking into a banking hall, to the introduction of Automated Teller Machines (ATM), and instant bank…

News

Scandal Unveiled: Web3 Game Project’s $1.6 Million Exit Scam with Actors

by Crypto Oracle October 22, 2023

The development team behind the gaming project FinSoul has been accused of carrying out a massive exit scam, defrauding investors of $1.6 million through market manipulation. According to a recent report from blockchain security platform CertiK, the FinSoul team allegedly employed paid actors to pose…

News

Web3 Lost Over $890 Million to Hacks and Scams in Q3 2023: Boesin

by Crypto Oracle September 27, 2023

Beosin EagleEye platform, a subsidiary of Beosin, a blockchain security audit company, revealed in a research report that Web3 lost approximately $890 million to various security breaches, phishing scams, and rug pulls in the third quarter of 2023. Breaking down the losses, it was…

De-Fi News

Privacy Breach at Friend.tech: Wallet Addresses and Usernames of 101,000 Users Exposed

by Crypto Oracle August 23, 2023

Friend.tech has suffered from a major privacy breach that has led to the unauthorized disclosure of sensitive information pertaining to more than 101,000 individuals. Banteg, a core contributor to popular DeFi project Yearn Finance, has published a repository of publicly available scraped data on GitHub,…

De-Fi

DeFi Trends to Watch: Cross-Chain Swaps, Layer 2 Scaling, and DeFi 2.0

by Crypto Oracle July 5, 2023

Decentralized Finance (DeFi) has rapidly emerged as one of the most exciting and transformative sectors within the blockchain industry. With its promise of democratizing finance, enhancing financial inclusivity, and eliminating intermediaries, DeFi has gained significant traction and captured the attention of both…

Coins De-Fi

WTF is Arbitrum Blockchain ??

by Crypto Oracle June 29, 2023

Arbitrum is a layer-2 scaling solution for Ethereum, designed to improve scalability and reduce transaction costs on the Ethereum network. It aims to address the challenges of network congestion and high fees by enabling faster and cheaper transactions. Developed by Offchain Labs,…

De-Fi

Decentralized Finance (DeFi): What Is It and How Does It Operate?

by Ridwan Ridwan June 26, 2023

DeFi stands for "decentralized finance," which is a term used to describe financial systems that operate on a decentralized blockchain network. This means that instead of relying on centralized institutions like banks or governments to manage financial transactions, DeFi allows for peer-to-peer…

Coins

The Rise of Stablecoins: Stable Value in a Volatile Crypto Market

by Crypto Oracle June 24, 2023

The world of cryptocurrencies is known for its inherent volatility, with prices often experiencing significant fluctuations. While this volatility can present opportunities for high returns, it also poses challenges for those seeking stability in their digital investments. Stablecoins, a unique category of…

Interview

Bitget Invests $30M in DeFi Wallet Bitkeep – Bitget Managing Director Gracy Chen

by Terry Kunle March 28, 2023

In an interview held recently Bitget Managing Director Gracy Chen revealed that Bitget invested $30M in DeFi Wallet Bitkeep. She also spoke on Bitget flagship product copy trading and others and how the company is disrupting the crypto industry. Excerpt: Hi Gracy,…