DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. After a bullish April, May was another month...Continue Reading

The system uses “time-lock puzzles” to encrypt the contents of votes, making them unreadable until balloting has finished. Venture capital fund Andreessen Horowitz, also known as A16z, has released a Solidity library that can be used for anonymous voting on Ethereum. Called “Cicada,” the library prevents an individual voter’s choice from being known before polling...Continue Reading

Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high. Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms,...Continue Reading

The Neuralink device is designed to be surgically implanted and, according to CEO Elon Musk, will eventually be marketed to the general public. Elon Musk’s brain-computer interface (BCI) startup, Neuralink, reportedly received approval from the United States Food and Drug Administration (FDA) to conduct some form of “in-human” trials for its surgically implanted brain device. ...Continue Reading

The highly accessible introductory text mentions all the concepts and names a curious reader would need, along with some assessments. The Federal Reserve Bank of Atlanta has piqued the interest of the crypto community with a recent publication in its Policy Hub series on the implications of Web3 for financial services. The 17-page paper by...Continue Reading

Twitter emailed researchers to let them know they’ll either have to delete their data or pay $42,000 to keep using the platform’s API. Researchers using Twitter’s formerly free Decahose data service will soon be required to pay a fee of $42,000 per month to continue using the service and retain their data. Decahose, a streaming...Continue Reading

The recovery in the U.S. stock market seems to have acted as a catalyst for the relief rally in Bitcoin and select altcoins. Bitcoin (BTC) remains pinned below $27,000 and the recent weakness of the past few days has increased calls from analysts for a fall to the low $20,000 levels. While anything is possible,...Continue Reading

Both national and global companies will participate in the upcoming pilot project of the Brazilian central bank digital currency. Both national and global companies will participate in the upcoming Brazilian central bank digital currency (CBDC) pilot project. Banco Central do Brasil, the country’s central bank, will begin adding participants to the digital real platform around the...Continue Reading

Bitcoin bulls are sitting on their hands but need to combat short-term sellers rapidly losing profitability, Glassnode warns. Bitcoin (BTC) has reached a “decision point” for price action, but speculators are in charge, says a new analysis. In findings uploaded to Twitter on May 26, Checkmate — lead on-chain analyst at Glassnode — revealed a...Continue Reading

The ESMA reminded investment firms that crypto would remain unregulated in most jurisdictions despite upcoming regulations. The European Union’s financial watchdog has issued a statement reminding investment firms to make sure their clients are aware of the regulatory status of the products they are offering.  In an announcement, the European Securities and Markets Authority (ESMA) highlighted...Continue Reading