Tag "decentralized finance (DeFi)"

Visa: More Than One Third of APAC Consumers Likely to Use DeFi in Next 6 Months

In Asia-Pacific (APAC), though decentralized finance (DeFi) remains a nascent sector, adoption of DeFi services among consumers is growing rapidly, fueled by the region’ burgeoning blockchain and cryptocurrency startup scene. A 2022 survey conducted by Visa and YouGov, which polled

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Decentralized Finance (DeFI) Next Growth Phase Will Be Driven by So-Called “MetaFi”

The upcoming growth in decentralized finance (DeFi) will be driven by the ability to embed DeFi applications into the open metaverse. This concept, which venture capital (VC) firm Outlier Ventures refers to as MetaFi, or metaverse finance, will act as

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Illicit Crypto Transaction Activity Reaches All-Time High Driven by DeFi Frenzy

Last year, the red hot decentralized finance (DeFi) sector was a prime target for cyber criminals whom managed to siphon billions of dollars worth of cryptocurrencies from investors, new data from blockchain data platform Chainalysis show. Criminal crypto transactions reached

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10 Largest Crypto Hacks, Heists and Exploits of the Past 15 Months

Cryptocurrency-related hacks and scams continue to cost businesses and consumers billions in losses each year. Although overall crypto-related fraud activities have declined since at least 2019, data from blockchain analytics and crypto intelligence firm Ciphertrace suggests that criminals are now

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