At Davos, decentralised finance meets its traditional counterpart, with the two fields increasingly interacting.
Welcome to Finance Redefined. This is a weekly newsletter with key insights on Decentralized Finance (DeFi), keeping you informed of major developments over the past week.
Traditional Finance (TradFi) continues to explore the world of cryptocurrencies and blockchain technology, and the World Economic Forum will host more workshops and sessions for the sector in 2023.
Layer 1 blockchain protocol Injective has launched a $150 million ecosystem fund to support developers building on the Cosmos network.
Mango Markets’ story took another turn last week when the company sued exploiter Avraham Eisenberg seeking his $47 million in damages and interest. The lawsuit marks the fourth time Mango Markets’ exploits have been hit with accusations or lawsuits related to attacks on DeFi protocols.
Blockchain transaction history shows that hackers transferred funds to decentralized exchanges and then circulated them across various DeFi protocols.
The top 100 DeFi tokens maintained their bullish momentum into the final week of January, with most tokens trading green and some posting double-digit gains.
Convergence of TradFi and DeFi – Davos 2023
In this episode of Decentralization with Cointelegraph, the team looks back on his week in Davos focused on the World Economic Forum as cryptocurrencies and trade finance continue to collide.
Cointelegraph journalist Gareth Jenkinson, speaking with several industry insiders and TradFi participants, highlighted that cross-fertilization between sectors is underway. Still, only a handful of crypto participants participated in discussions within the World Economic Forum.