Decentralized finance is abbreviated as DeFi (pronounced dee-fy). The industry is new and allows users to bypass intermediaries and interact with others directly to complete financial transactions. It is gaining acceptance as a substitute for conventional financial services. DeFi apps offer the same services as conventional banks, but they are decentralized. New goods and … [Read more...]
A beginner’s guide to taking crypto profits and reinvesting
A beginner’s guide to taking crypto profits and reinvesting As Bitcoin and other cryptocurrencies continue to increase in value, it is important for investors to have a plan for what to do with their earnings. It's not wise to hold on to cryptocurrencies for too long because there is a risk of a big correction that could wipe out all of your gains. Therefore, it's important to have a … [Read more...]
Diving Into Three of Africa’s Emerging Fintech Economies
Africa could potentially have a very successful fintech industry if it became more sustainable. Africa has many different types of economies, but this analysis focuses on the three "flagship" economies of Kenya, Ethiopia, and Ghana. These are some of the most important and influential economies on the African continent, and their successes or failures can have ripple effects … [Read more...]
How to get started in DeFi: A guide on the first steps in decentralized finance
What is DeFi? DeFi is a powerful, wild beast. And isn’t all of crypto decentralized finance, anyway? Sort of. The DeFi movement is all about financial products that prioritize decentralization and use incentive mechanisms to encourage investors to get involved. The decentralized finance world is made up of a multitude of non-custodial financial products, built around a culture of … [Read more...]
DeFi Vs. Legacy Finance: Solving Old Issues Brings New Complexities
This year, decentralized finance has become a hot topic in crypto communities. As protocols become more available, activity and volume in the DeFi space are beginning to increase. Consensys has found that the amount of Ether locked on DeFi platforms has increased significantly since the release of Compound. This is in contrast to the rest of the year, where activity was fairly … [Read more...]
DeFi vs. CeFi: Comparing decentralized to centralized finance
What is CeFi and how does it work? This allowed for the control of trade and soon the Mesopotamian empire became the richest in the world Thousands of years ago, finance was invented in ancient Mesopotamia. This allowed for the control of trade and soon the Mesopotamian empire became the richest in the world. Since then, humans have used a variety of items as currency, including … [Read more...]
DeFi Scams 101: How to avoid the most common cryptocurrency frauds
Statement on DeFi Risks, Regulations, and Opportunities As published in The International Journal of Blockchain Law, Vol. 1, Nov. 2021. The term "crypto" is now used broadly to refer to a variety of different things, from tokens to non-fungible tokens to decentralised finance (DeFi). Different readers will have different levels of understanding of … [Read more...]
Ethereum 2.0 staking: A beginner’s guide on how to stake ETH
Although most people in the cryptocurrency community are aware of Ethereum, many do not understand how to utilize it to its full potential. There are many ways to use the network, but some of the best ways involve finance. One way to use the Ethereum network is to deposit (stake) Ethereum and cryptos into various interest-earning platforms and networks to earn interest. If you're looking … [Read more...]
Crypto Staking Guide 2022
The year 2020 saw the rise of Decentralized Finance (DeFi), a fantastic new crypto industry that came to prominence after Compound’s token launch in June 2020. A slew of DeFi copycat protocols soon helped investors turn passive ownership of their crypto assets into lucrative passive income. This was achieved through the power of smart DeFi protocols offering incredible incentives for … [Read more...]
How DeFi can Reform School Funding Models
The education and medical industries are two of the most important in the world because they have the ability to improve people's lives. However, both industries are currently broken and in need of significant reform. Don't worry, this article isn't about complaining. We're interested in finding solutions to some of the main problems in education by looking into new innovations in … [Read more...]