Decentralisation
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DeFi Aggregator Legend to Shut Down Operations After Two Years
DeFi mobile aggregator Legend has announced that it will shut down operations after two years. The protocol said the app will continue running for 60 days before going offline on July 12.
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Telegram Founder Pavel Durov Launches Cocoon, a Decentralised AI Project on TON
Telegram founder Pavel Durov has announced Cocoon, a decentralised AI network built on The Open Network (TON). The platform allows users to earn Toncoin by sharing GPU power while maintaining control of their personal data. Cocoon’s launch highlights Durov’s push for privacy-driven AI innovation and builds on Telegram’s growing Web3 ecosystem...
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DeFiLlama Suspends Aster’s Trading Volume Data Over Wash Trading Concerns
DeFiLlama has delisted perpetual futures volume data from Aster, citing suspicious trading patterns that closely mirrored Binance. The move has raised fresh concerns about transparency in decentralised finance and triggered a 10 percent drop in Aster’s native token. While Aster plans upgrades and an airdrop, doubts over data integrity and credibi...
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WazirX's Nischal Shetty Aims to Build India's Largest Decentralised Exchange Within 12 Months
This week, WazirX hosted a virtual town hall where founder Nischal Shetty shared that he is considering launching a decentralised exchange (DEX) to complement the existing WazirX platform. According to Shetty, a DEX could help mitigate the risks associated with centralised exchanges.
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Argentina Rolls Out Blockchain-Based Digital IDs to Residents of Capital Buenos Aires: Details
Buenos Aires has officially become the first city in the world to have rolled out a blockchain-based digital identity system for its residents. The system is supported by Layer-2 blockchain called ZKsync.
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Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
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What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained
Liquidity pools are like reservoirs of cryptocurrencies locked within blockchain-based smart contracts. Anyone can become a "liquidity provider" for a DeFi protocol by depositing their crypto tokens into these smart contracts, pooling their assets alongside those of other participants.
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Cardano Blockchain to Get Decentralised Governance Feature Through This Upcoming Upgrade
The Cardano blockchain is set to undergo the ‘Chang’ upgrade after September 2022’s Vasil upgrade. As per the team, the Cardano community will be responsible for maintaining and shaping the blockchain network once the upgrade is completed.
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Humanity Protocol Raises $30 Million as Blockchain-Based Digital ID Startup Hits Unicorn Status
Human Protocol has gained unicorn status after it raised $30 million in a fresh funding round led by Kingsway Capital. Other venture capital firms that participated in the seed funding round included Animoca Brands, Blockchain.com, Hashed, and Shima Capital.
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DePins: Where Blockchain Meets AI
Decentralised Physical Infrastructure Networks or DePins are increasingly being developed for the AI industry to efficiently cater to needs like secure data storage, cloud storage, and GPU computing data among others. The blockchain element in DePins bring characters like shared control, transparency, and durability to AI infrastructures.
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Decentralised Finance Comes Under Global Regulators' Scrutiny as They Seek to Safeguard Market Stability
Global securities regulators set out on Thursday their first blueprint to make participants in "decentralised finance" (DeFi) accountable for their actions and safeguard market stability. DeFi platforms allow users to lend, borrow and save in digital assets, using the blockchain technology that underpins cryptoassets to bypass the traditional gatek...
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Web3 Telco World Mobile Launches Service in US, UK, Australia: Here’s What Its About
World Mobile, the London-based decentralised wireless (DeWi) network has launched its Android app in the US, UK, Australia, Canada, and Tanzania. The company provides a network service through a proprietary token called the Mobile World Token (WMT) and a network sharing system built on the Cardano blockchain.
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Decentralised Apps' Safety Touted by Former Twitter India Head After Recent YouTube Channel Hacks
Manish Maheshwari, former head of Twitter India has iterated the need for people to give decentralised apps (dApps) a fair chance after recent reports of YouTube account hacks targeting attacks. In conversation with Gadgets 360, Maheshwari points out that unlike traditional Web2 platforms where data is stored centrally, Web3 platforms via blockcha...
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Opinion: Why India's Plan To 'Take Power To The People' Stumbled
Thirty years on, a fundamental shift in the way we think about the potential of local governments is direly needed.
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SushiSwap DeFi Protocol Loses $3 Million in Exploit, Here’s What is Known About It
SushiSwap, an automated market maker (AMM) DEX, that uses a liquidity pool to facilitate trades, has reportedly undergone an exploit attack over the weekend. Researchers have claimed that SushiSwap users who engaged with the protocol between April 4 and April 9 were most likely to have been affected as part of this attack.
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DeFi Aggregator Legend to Shut Down Operations After Two Years
DeFi mobile aggregator Legend has announced that it will shut down operations after two years. The protocol said the app will continue running for 60 days before going offline on July 12.
-
Telegram Founder Pavel Durov Launches Cocoon, a Decentralised AI Project on TON
Telegram founder Pavel Durov has announced Cocoon, a decentralised AI network built on The Open Network (TON). The platform allows users to earn Toncoin by sharing GPU power while maintaining control of their personal data. Cocoon’s launch highlights Durov’s push for privacy-driven AI innovation and builds on Telegram’s growing Web3 ecosystem...
-
DeFiLlama Suspends Aster’s Trading Volume Data Over Wash Trading Concerns
DeFiLlama has delisted perpetual futures volume data from Aster, citing suspicious trading patterns that closely mirrored Binance. The move has raised fresh concerns about transparency in decentralised finance and triggered a 10 percent drop in Aster’s native token. While Aster plans upgrades and an airdrop, doubts over data integrity and credibi...
-
WazirX's Nischal Shetty Aims to Build India's Largest Decentralised Exchange Within 12 Months
This week, WazirX hosted a virtual town hall where founder Nischal Shetty shared that he is considering launching a decentralised exchange (DEX) to complement the existing WazirX platform. According to Shetty, a DEX could help mitigate the risks associated with centralised exchanges.
-
Argentina Rolls Out Blockchain-Based Digital IDs to Residents of Capital Buenos Aires: Details
Buenos Aires has officially become the first city in the world to have rolled out a blockchain-based digital identity system for its residents. The system is supported by Layer-2 blockchain called ZKsync.
-
Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
-
What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained
Liquidity pools are like reservoirs of cryptocurrencies locked within blockchain-based smart contracts. Anyone can become a "liquidity provider" for a DeFi protocol by depositing their crypto tokens into these smart contracts, pooling their assets alongside those of other participants.
-
Cardano Blockchain to Get Decentralised Governance Feature Through This Upcoming Upgrade
The Cardano blockchain is set to undergo the ‘Chang’ upgrade after September 2022’s Vasil upgrade. As per the team, the Cardano community will be responsible for maintaining and shaping the blockchain network once the upgrade is completed.
-
Humanity Protocol Raises $30 Million as Blockchain-Based Digital ID Startup Hits Unicorn Status
Human Protocol has gained unicorn status after it raised $30 million in a fresh funding round led by Kingsway Capital. Other venture capital firms that participated in the seed funding round included Animoca Brands, Blockchain.com, Hashed, and Shima Capital.
-
DePins: Where Blockchain Meets AI
Decentralised Physical Infrastructure Networks or DePins are increasingly being developed for the AI industry to efficiently cater to needs like secure data storage, cloud storage, and GPU computing data among others. The blockchain element in DePins bring characters like shared control, transparency, and durability to AI infrastructures.
-
Decentralised Finance Comes Under Global Regulators' Scrutiny as They Seek to Safeguard Market Stability
Global securities regulators set out on Thursday their first blueprint to make participants in "decentralised finance" (DeFi) accountable for their actions and safeguard market stability. DeFi platforms allow users to lend, borrow and save in digital assets, using the blockchain technology that underpins cryptoassets to bypass the traditional gatek...
-
Web3 Telco World Mobile Launches Service in US, UK, Australia: Here’s What Its About
World Mobile, the London-based decentralised wireless (DeWi) network has launched its Android app in the US, UK, Australia, Canada, and Tanzania. The company provides a network service through a proprietary token called the Mobile World Token (WMT) and a network sharing system built on the Cardano blockchain.
-
Decentralised Apps' Safety Touted by Former Twitter India Head After Recent YouTube Channel Hacks
Manish Maheshwari, former head of Twitter India has iterated the need for people to give decentralised apps (dApps) a fair chance after recent reports of YouTube account hacks targeting attacks. In conversation with Gadgets 360, Maheshwari points out that unlike traditional Web2 platforms where data is stored centrally, Web3 platforms via blockcha...
-
Opinion: Why India's Plan To 'Take Power To The People' Stumbled
Thirty years on, a fundamental shift in the way we think about the potential of local governments is direly needed.
-
SushiSwap DeFi Protocol Loses $3 Million in Exploit, Here’s What is Known About It
SushiSwap, an automated market maker (AMM) DEX, that uses a liquidity pool to facilitate trades, has reportedly undergone an exploit attack over the weekend. Researchers have claimed that SushiSwap users who engaged with the protocol between April 4 and April 9 were most likely to have been affected as part of this attack.
