Given the infancy of DeFi markets, we can initiate global forums with appropriate stakeholders around the table like blockchain developer communities.

While the initial idea of Bitcoin and DeFi was sovereign asset management, the reality of the vast majority of token holders today is far from sovereign.

The prolonged crypto winter aided by the collapse of FTX has kept investors from backing a new protocol that merges DeFi and the foreign exchange market. A new Cosmos blockchain-based DeFi protocol has caught the eyes of investors who have put $10 million behind the project.

Ardana (DANA), a once-promising decentralized finance project built on perennial top-ten proof-of-stake blockchain Cardano (ADA) has halted development. The project cited “funding and project timeline uncertainty” as the reason for ceasing operations, in a tweet addressed to the Ardana community yesterday. (Coindesk)

On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly <a href="https://twitter.com/ArdanaProject/status/1595594077260709888" target="_blank">halted</a> development, citing "funding and project timeline uncertainty." The project will remain open-source for builders while treasury balances and remaining funds will be held by Ardana Labs "until another competent dev team in the community comes forward to continue our work."

The <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency market</a> is making shy progress after weeks of being caught in the turmoil that followed the collapse of <a href="https://finbold.com/review/ftx-review/">FTX</a>, once among the largest <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/">crypto exchanges</a> in the world, with Solana (<a href="https://finbold.com/cryptocurrency/solana/">SOL</a>) leading the recovery.

In a Nov. 23 Twitter thread, Chainalysis’ research lead Eric Jardine began his comparison by first looking at the market share of the two firms, finding that Mt. Gox averaged 46% of all exchange inflows in the year leading up to its collapse in 2014, compared to FTX’s average of 13%, which operated from 2019 to 2022. (Cointelegraph.)

IOV Labs and Buenbit have teamed up to provide its users access to the Rootstock as well as RIF ecosystem. Buenbit users would be able to access the services and goods from Everyday DeFi which are protected by the Bitcoin network.

The world of finance is changing. With the advent of blockchain technology and decentralized finance, the traditional financial system is no longer as secure as it once was.

Market manipulators are crushing retail investors on a regular basis, this must be stopped.