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Get the latest news on crypto and DeFi


DeFi
Get the latest news on crypto and DeFi

Introduction

In this rapidly-changing industry, it’s important to stay up-to-date on the latest news and developments. Whether you’re a beginner or an experienced crypto trader, DeFi enthusiast, or just interested in learning more about the space. Cryptocurrencies like Bitcoin and Ethereum have been around for about a decade now, but the technology is known as “decentralized finance” or “DeFi” is still in its early days. DeFi is a suite of protocols that allow users to borrow, lend, and trade digital assets without a third party. The projects in this category are often built on top of existing blockchains like Ethereum, and they’ve seen significant growth in recent months. Decentralized finance (DeFi) is the application of blockchain technology to traditional banking products and services. DeFi applications include decentralized exchanges, loans, credit scoring, and asset management.

What is the difference between Defi and cryptocurrency?

The two terms are often confused, but there is a key distinction between them. Cryptocurrencies, such as Bitcoin and Ethereum, are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. DeFis, on the other hand, are financial contracts that allow for the borrowing and lending of money at fixed rates. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. 

  • Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. 
  • DeFi, or decentralized finance, is a subset of cryptocurrency that uses smart contracts on the blockchain to create financial products and services. 

  • In contrast to traditional banking products, which are often opaque and centralized, DeFi offerings are transparent, verifiable, and censorship-resistant.
  • The key difference between the two is that cryptocurrencies are designed to function as digital money, whereas DeFis are designed to finance investments.
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A collection of crypto news from around the internet

Cryptocurrencies have been all over the news lately. Prices have skyrocketed, and many people are getting rich quickly. But what is a cryptocurrency, exactly? Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and control the creation of new units. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. As the world of cryptocurrency rapidly expands, there is a lot of crypto news and information out there to keep up with. 

Cryptocurrency prices are on the rise once again, with Bitcoin sitting comfortably above the $8,000 mark. This resurgence has caused a renewed interest in all things crypto, from retail investors to large institutional players. As a result, there’s been no shortage of news in the space over the past few weeks. Here are some of the most notable crypto news stories: 

  • Square is testing support for Bitcoin trading on its Cash app 
  • The Winklevoss twins have applied for a bitcoin ETF
  • JP Morgan is launching its own Cryptocurrency.
  • Bitcoin hits $11,000!
  • China is planning to launch its own digital currency.
  • South Korea is shutting down all Bitcoin exchanges.

Conclusion

As the world of cryptocurrency continues to evolve, new and innovative platforms are being developed to keep up with the demand. One such platform that has been gaining traction in recent months is DeFi or decentralized finance. This platform allows users to create and trade financial instruments without the need for a third party. 


Scoopearth Team

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