The exchange was the first to prove the feasibility of AMM, but has since struggled to compete with other DeFi platforms.
However, through the introduction of several smart features and innovations, notably single-sided exposure, Bancor is surging among the DeFi ranks.
February 19, 2021, 5:05 PM
Galia Benartzi, Co-Founder of Bancor, attends the Private Sector Solutions side event on Blockchains for Sustainable Development during the World Investment Forum 2018, Palais des Nations on 24 October 2018. Violaine Martin/UNCTAD
Only if we put ourselves in the shoes of the attacker can we find a possible angle of negotiation in a bid to recover more from the 13 million USDC and 11 million USDT that were profited from the arbitrage scheme.
Although the Harvest Finance team has acted responsibly in the face of an unprecedented-to-the-project crisis, their bounty reward initiative is naive.
PayPal will expose cryptocurrency access to its 346 million user base and 26 million merchants worldwide.
The news is a stamp of mainstream approval on cryptocurrency, but doesn’t come without its downsides, including asset encapsulation and centralization, the latter seen by many as the enemy of what Bitcoin stands for.
Close up of PayPal logo at their headquarters in Silicon Valley in San Jose, CA, USA, photographed on January 31, 2020. Sundry Photography/Shutterstock