WEF 2022: Most DeFi protocols aren’t really decentralized, says European Parliament VP

wef-2022:-most-defi-protocols-aren’t-really-decentralized,-says-european-parliament-vp

To properly regulate DeFi, we must first determine whether these protocols are actually decentralized, according to Eva Kaili. Most decentralized finance (DeFi) protocols aren’t truly decentralized, which means we need proper regulations in place to understand the inner workings of this emerging technology, according to European Parliament vice president Eva Kaili.  In an exclusive interview … Read more

Genomics company explores NFTs in hopes of advancing precision medicine

genomics-company-explores-nfts-in-hopes-of-advancing-precision-medicine

GeneNFTs may be a game-changer for genomic testing, but user education is still needed in order for this model to advance. It’s predicted that nonfungible tokens (NFTs) will have a vast impact on society. Given this, it shouldn’t come as a surprise that the trillion-dollar healthcare sector has begun to explore NFTs tokens to advance … Read more

ShapeShift creates FOX Foundation as intermediary for successful DAO transition

shapeshift-creates-fox-foundation-as-intermediary-for-successful-dao-transition

The entity will be dissolved upon the completion of ShapeShift’s decentralization process. On Wednesday, ShapeShift — a Swiss decentralized autonomous organization (DAO) hosting a cryptocurrency trading ecosystem — announced that its centralized corporate brand, ShapeShift AG, has formed the FOX Foundation. The nonprofit organization’s stated purpose is to oversee the decentralization of its namesake trading … Read more

‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance

‘defi-in-europe-has-no-lobby,’-says-co-founder-of-unstoppable-finance

Peter Grosskopf, co-founder of the DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi. Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in … Read more

Welcome to Mars: I own everything, have total privacy and life has never been better

welcome-to-mars:-i-own-everything,-have-total-privacy-and-life-has-never-been-better

While people on Earth are still expecting decentralized tech mass adoption, for people on Mars decentralization is the only way to organize their, well, everything. This is a parody of the article published by the World Economic Forum titled “Welcome to 2030. I Own Nothing, Have No Privacy And Life Has Never Been Better.” Welcome … Read more

DeFi transforming lending routes on the blockchain

defi-transforming-lending-routes-on-the-blockchain

Decentralized routes of lending and borrowing through smart contracts are allowing DeFi finally to overthrow the traditional finance sector. The world of decentralized finance (DeFi) is gradually expanding to encompass a significant share of the global financial lending space by virtue of the inherently trustless manner of operation and the ease of accessing capital. As … Read more

Trust in stablecoins ‘infinitely more important’ than collateral

trust-in-stablecoins-‘infinitely-more-important’-than-collateral

As the debate over the trustworthiness of stablecoins intensifies due to Terra, one expert thinks builders should push for the coins to be decentralized with a clear use case. In light of recent market effects due to the collapse of the TerraUSD (UST) stablecoin, several questions should be answered about what makes a stablecoin usable … Read more