Fintech startup Credora, which focuses on decentralized finance (DeFi), has raised $6m in a strategic funding round featuring Coinbase and S&P Global as major investors. The firm, which monitors $4bn of borrower assets across the majority of centralised finance and DeFi platforms, plans to use the funds to build "transparent credit markets". Credora aims to underwrite and monitor borrowers by validating financial information in real-time while keeping sensitive details private. According to the start-up, a lack of transparency and information asymmetry has been a root cause of recent credit events, including the collapse of digital asset hedge fund Three Arrows Capital, which invested client cash in new crypto projects. Credora claims that its privacy-preserving technology can help prevent such failures in the future. The firm also plans to use the funds to build institutional rails for credit and enhance its private computation technology for underwriting and monitoring borrowers. Other investors in the round include Amber Group, CMT Digital, GSR, Hashkey, KuCoin Ventures, and Spartan.

Decentralized Finance has recently been a sensational subject in the crypto space for many reasons.

This comprehensive guide covers everything you need to know about DeFi, including its history, the benefits it offers, its current state, and what the future holds for this exciting new technology.

DeFi (Decentralized Finance) is a rapidly growing sector in the cryptocurrency industry that aims to provide financial services using decentralized blockchain technology. While DeFi offers significant advantages such as transparency, accessibility, and decentralization, it also presents regulatory challenges, as it operates outside the traditional financial system and lacks clear regulatory frameworks.

The proposal seeks to revise this definition of exchange specifically for decentralized finance (DeFi) purposes.

Decentralized Finance (DeFi) has gained significant attention in recent years for its potential to disrupt traditional financial systems and provide greater financial inclusivity.

Poor cybersecurity practices within the decentralized finance (DeFi) industry present a threat to crypto, consumers, and national security, according to a new report from the United States Treasury Department. 

The U.S. Treasury Department on Thursday published its first illicit finance risk assessment report focused specifically on decentralized finance, or DeFi. 

Decentralized finance platform SyncSwap has successfully launched on the zkSync Mainnet. In addition, SyncSwap has also announced plans to introduce its native token $SYNC in the future. 

The $SYNC token has not been created yet, and users are urged to beware of scams.