Сategory posts: DeFi

5 common types of cryptocurrency fraud and how to avoid them

In today's world, your cryptocurrency is an incredibly valuable asset for criminals because it is: liquid, portable, and if the user makes a transaction it will be almost impossible to undo. The result of such properties is a new wave of scams (both in the form of long-standing classics and completely new and inherent only to cryptocurrencies scams) sweeping the world of digital currencies. 

The difference between CeFi and DeFi

CeFi (Centralized Finance) is actually part of DeFi (Decentralized Finance). CeFi refers to services that allow centralized profitability from various financial cryptocurrency products (staking, lending and borrowing, providing liquidity).

DeFi: what it is and how to earn passive income here

Traditional financial institutions decide to whom to provide services, how to manage depositors' money, and to whom to report customer information. Anyone who is not satisfied with these points can switch to DeFi. What is it and how do you make a passive income in this field? The service https://exchangesumo.com has gathered all the necessary information in a detailed guide for beginners.

Decentralized Finance (DeFi)

DeFi is an open global financial system designed for the Internet age. It is an alternative to an opaque system with strict controls based on decades-old processes and infrastructure. It gives you control and visibility of your money. DeFi opens global markets to the user, creates alternatives to national currencies and standard banking products. DeFi products open up financial services to anyone with access to the Internet. They are largely owned and operated by the users themselves. To date, tens of billions of dollars worth of cryptocurrency transactions have already passed through DeFi, and the volume is growing every day.

Ethereum

DeFi Ethereum 400m WestCap cdpq

As it struggles with growing regulatory attention from US regulators towards cryptocurrency businesses, cryptocurrency lending platform Celsius Network has secured $400 million in fresh equity capital from investors.

Stole crypto DeFi

It is reported that the hacker group known as "Darkside" has stolen millions of dollars worth of crypto funds from various decentralized finance (DeFi) protocols.

DeFi definition crypto

Cryptocurrencies, also known as virtual currencies or digital currencies, are a type of money that is designed to be secure and anonymous. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.

What is DeFi

Decentralized finance (DeFi) is a set of specialized applications and financial services based on a blockchain (a continuous, sequential chain of blocks containing information, built according to certain rules).