Smart Contracts Explained: What They Are and Why Businesses Need Them
Back to Blog Contracts are essentially the structures that support commerce – they define, distribute risk, and make the transactions legally binding. However, paper-based or manually mediated contracts are known to be slow, costly, and have their fair share of errors. Enter smart contracts: self-executing pieces of code that run on a distributed ledger. By […]
Ethereum Stablecoin Volume Hits Record $2.8 Trillion in October
Back to News According to data, stablecoin transactions on the Ethereum network were phenomenal in October, reaching a record-breaking $2.82 trillion. This was a 45% increase from the previous month. The enormous rise shows traders’ continued move toward yield-generating assets despite the crypto market overall seeming to slow down. Such a figure is well beyond […]
DEX Volume Hits Record $613 Billion in October as Traders Reposition
Back to News Decentralized exchange (DEX) trading volume broke the record and skyrocketed to $613.3 billion in October, which is significantly higher than the approximately $500 billion in September, as traders were moving their funds to adjust to the volatile market that kept increasing. DefiLlama’s data makes it clear that the sharp rise in DEX […]
Elizabeth Warren Denies Defamation Allegations from CZ Zhao
Back to News Elizabeth Warren, a senator from the US, denied the accusations of defaming Binance founder Changpeng “CZ” Zhao by her attorney, after the senator made a statement following a pardon of the crypto executive by President Trump. The reply came in a formal letter that was obtained by the Punchbowl News, which said […]
EU Plans Centralized Regulator for Crypto and Stock Markets
Back to News According to a report by the Financial Times, the European Commission is mulling the idea of creating a single supervisory authority that would have the power to oversee stock exchanges, crypto platforms, and clearing houses. This new independent authority could be likened to the U.S. Securities and Exchange Commission (SEC). The Commission […]
