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    Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack

    Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack

    Crypto lender Celsius Network confirmed that the company has lost money from the latest decentralized finance (DeFi) hack on BadgerDAO, a lending platform that offers yields and focuses on wrapped bitcoin.During an ask-me-anything (AMA) YouTube live stream on Friday,...
    The Big Miss in the Biden Administration’s Stablecoin Report

    The Big Miss in the Biden Administration’s Stablecoin Report

    With due respect to Jamie Lee Curtis, Eddie Murphy and Dan Aykroyd, the best piece of cinema ever made about financial markets is not “Trading Places” but “The Big Short.” It opens with a quote about the limits of knowledge: “It ain’t what you don’t know that gets you...
    Capitalism Misallocates Resources. Web 3 Tech Can Help

    Capitalism Misallocates Resources. Web 3 Tech Can Help

    Look at a map of Africa. It’s no miracle that so many of the borders are straight lines, and it’s no coincidence that these random straight lines have caused untold political complexities. In that way, African nations are like money: a fiction imposed on the entire...
    Getting Different Crypto Ecosystems to Work Together

    Getting Different Crypto Ecosystems to Work Together

    Diverse pain points (both small and large) remain within the ever-changing blockchain space while new ones appear every day. Generally, these pain points happen when different systems on different mainnets (both centralized and decentralized) try to interoperate as...
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