Welcome to Finance Redefined: Your Weekly Dose of Essential DeFi Insights
Explore the latest developments in decentralized finance (DeFi) with our newsletter, designed to bring you the most significant updates from the past week.
A “Nova Drainer” phishing tool developer has officially registered their business in the United Kingdom. Pyth Network has integrated Bitcoin (BTC) exchange-traded fund (ETF) price feeds, providing DeFi developers with real-time market data and bridging the gap between traditional and decentralized finance. In light of a mysterious exploit, the DeFi lending and leverage protocol Blueberry has urged users to withdraw their funds immediately.
The top 100 DeFi tokens by market cap continue their bullish momentum, with a total value locked (TVL) exceeding $80 billion.
Discover the differences between web 1.0, 2.0, 3.0, and 4.0 and how blockchain technology is at the forefront of web 3.0. Learn how to build a web 3.0 website and the potential impact it will have on businesses. Gain a deeper understanding of the distinctions between web 1.0, 2.0, and 3.0, and how DeFi, NFTs, and DAOs play a role in the evolution towards web 3.0.
Discover the Power of Web 3.0 with Pyth Network’s Real-Time Bitcoin ETF Data
Pyth Network, a leading provider of real-time market data for blockchain applications, has just announced the launch of price feeds for 13 different Bitcoin ETFs on February 20th. This groundbreaking development means that developers building DeFi protocols now have access to accurate and reliable price data for these popular investment vehicles.
The recent approval of Bitcoin ETFs in the United States in January 2024 was a game-changing moment for the crypto industry. This move opened up regulated exposure to Bitcoin for mainstream investors who were previously hesitant to enter the space through direct ownership.
Continue reading to learn more about the differences between web 1.0, 2.0, 3.0, and 4.0, and how blockchain technology plays a crucial role in the evolution of the internet. Discover how to build a cutting-edge web 3.0 website and understand the impact it will have on businesses. Explore the distinctions between web 1.0, 2.0, and 3.0, and learn about the exciting intersection of DeFi, NFTs, DAOs, and web 3.0.
The Evolution of the Web: Understanding the Differences Between Web 1.0, 2.0, 3.0, and 4.0
Have you ever wondered what sets apart the various versions of the web? From the early days of static web pages in Web 1.0 to the rise of social media and user-generated content in Web 2.0, and now the emergence of decentralized technologies in Web 3.0, the internet has undergone significant transformations.
One of the most buzzworthy aspects of Web 3.0 is its integration of blockchain technology. With the recent deployment of Aave’s DeFi protocol on the BNB Chain, it’s clear that blockchain is playing a pivotal role in expanding the DeFi ecosystem on the BNB Chain. This follows in the footsteps of other popular DeFi protocols like Uniswap and PancakeSwap.
But what exactly is the difference between Web 1.0, 2.0, and 3.0? And how will the emergence of Web 3.0 impact businesses? Let’s explore the key distinctions between these versions of the web and delve into the exciting world of DeFi, NFTs, and DAOs that make up Web 3.0.
The Nova Drainer: A U.K. Business Registered for Scam-as-a-Service Wallet Drainer
A development team behind a phishing software, known as Crypto Grab, has taken the unusual step of registering as a business in the United Kingdom. This product, called the “Nova Drainer,” is categorized as a “drainer” or “phishing” tool by blockchain security firm CertiK. The company is now officially listed on the website of Companies House, the U.K. Government agency responsible for business registrations.
Web 3.0, also known as the blockchain web, is the latest iteration of the internet. It is a decentralized platform that utilizes blockchain technology to create a more secure and transparent online experience. This technology has been incorporated into the development of the Nova Drainer, highlighting the impact of Web 3.0 on businesses.
But how does one build a Web 3.0 website? It is important to understand the differences between Web 1.0, 2.0, and 3.0 in order to do so. While Web 1.0 was characterized by static web pages and Web 2.0 introduced interactive and user-generated content, Web 3.0 takes it a step further with decentralized applications (dApps), smart contracts, and the use of cryptocurrencies. This is evident in the rise of DeFi, NFTs, and DAOs, which are all integral parts of the Web 3.0 ecosystem.
Blueberry Protocol Pauses Lending After Mysterious Exploit
Blueberry, a DeFi protocol, has temporarily halted its lending services in response to an ongoing exploit that was discovered on Friday. The Blueberry Protocol Foundation has advised users to withdraw their funds from the lending markets while they work on pausing the protocol.
According to the foundation’s post on X, the exploit was detected and they are taking steps to limit potential damage. They have also mentioned that the protocol will be paused as quickly as possible.
Read on to learn more about the differences between web 1.0, 2.0, 3.0, and 4.0 and how web 3.0, which utilizes blockchain technology, is impacting businesses. Additionally, find out how to build a web 3.0 website and the role of blockchain in web 3.0, which is also known for its use in DeFi, NFTs, and DAOs.
Understanding the Evolution of the Web: From Web 1.0 to Web 4.0
Recent data from Cointelegraph Markets Pro and TradingView reveals that the top 100 DeFi tokens experienced a bullish trend this week, with most showing positive gains on their weekly charts. The total value locked (TVL) in DeFi protocols has surpassed $80 billion, a milestone not seen in over a year.
Thank you for staying updated on the latest DeFi developments. Join us next Friday for more insights and education on this rapidly advancing space.
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