Crypto platform Freeway halts services citing 'unprecedented volatility'
Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the platform announced they are halting buys, deposits and will "not be buying Supercharger simulations until our new strategies are implemented." According to the Freeway website, their "Superchargers" product can offer up to 43% annual yield rewards. Users can deposit fiat currencies and crypto, which are placed ...
After Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation
Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed. With the pause, users will not be able to deposit Yearn.finance’s YFI ( YFI $8,126 ), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR ( MKR $968 ) as col...
What is decentralized identity in blockchain?
1.What is a decentralized identity? A decentralized identity is a self-owned, independent identity that enables trusted data exchange.Decentralized identity is an emerging Web3 concept based on a trust framework for identity management. Such decentralized identity management includes an approach to identity and access administration that allows people to generate, manage and control their personally identifiable information (PII) without a centralized third party like a registry, identity pro...
cryptocurrency enthusiast
Crypto platform Freeway halts services citing 'unprecedented volatility'
Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the platform announced they are halting buys, deposits and will "not be buying Supercharger simulations until our new strategies are implemented." According to the Freeway website, their "Superchargers" product can offer up to 43% annual yield rewards. Users can deposit fiat currencies and crypto, which are placed ...
After Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation
Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed. With the pause, users will not be able to deposit Yearn.finance’s YFI ( YFI $8,126 ), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR ( MKR $968 ) as col...
What is decentralized identity in blockchain?
1.What is a decentralized identity? A decentralized identity is a self-owned, independent identity that enables trusted data exchange.Decentralized identity is an emerging Web3 concept based on a trust framework for identity management. Such decentralized identity management includes an approach to identity and access administration that allows people to generate, manage and control their personally identifiable information (PII) without a centralized third party like a registry, identity pro...
cryptocurrency enthusiast

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The emergence of cryptocurrency and blockchains 12 years ago changed everything.
Bitcoin showed that money doesn’t have to be issued by governments. It proved that a group of individuals could act together without knowing each other. It demonstrated that the internet can be both transparent and private.
From Bitcoin came Ethereum and a host of other blockchains, along with ICOs and stablecoins. From there we saw DAOs, DeFi and NFTs and much more. In 12 years, crypto has become a $2 trillion industry with radical implications for finance, central banks, corporations, nonprofits and the way organizations are founded and run.
Layer 2′s “Crypto 2022″ series started with Policy Week in October, followed by Future of Money Week in November and Culture Week this week. GET ALL THE CONTENT HERE.
Crypto and blockchain technology are foundational innovations that open new possibilities for transferring and building wealth, and that could allow a new internet to emerge from the broken Web 2 world we’re in.
These new concepts of money and human governance raise massive, almost existential questions – questions that matter to everyone well beyond the rarefied circles of technologists and financiers.
Can the U.S. dollar remain the global reserve currency when challenged by a new, electronic store of value that’s scarcer than gold? What role will envelope-pushing China play in an increasingly digitized international financial system? How can regulation work in a world of leaderless, decentralized teams and automated business agreements? What does value mean when money can be created not just out of thin air but without the coercive power or authority of a nation-state?
**Layer 2 by CoinDesk **is a neutral, open forum that aims to get to the heart of how societies resolve such challenges. From deeply reported, long-form journalism to a diverse range of opinion columnists to institutional-grade research to engaging interactive content, Layer 2 will go beyond the daily headlines and trending ephemera to tell the human stories of creative (and sometimes not-so-creative) destruction.
Even though CoinDesk is a purely digital media platform, we find the language of old, analog media helps to explain what we are doing here. We think of our flagship newswire service as an up-to-the-minute, comprehensive “paper of record,” while Layer 2 by CoinDesk is a “magazine of ideas” that builds on that base and puts crypto in perspective.
A key component of Layer 2 will be Theme Weeks, collections of articles about vital topics. We debuted the concept with Policy Week in October and Future of Money Week last month. Stay tuned for Culture Week, kicking off Dec. 13 with the rollout of the Layer 2 section of CoinDesk.com.
We hope you will find Layer 2 insightful and informative. If there are topics or people you want to see covered, or if you have a contribution to make, please get in touch. We’d love to hear from you.
The emergence of cryptocurrency and blockchains 12 years ago changed everything.
Bitcoin showed that money doesn’t have to be issued by governments. It proved that a group of individuals could act together without knowing each other. It demonstrated that the internet can be both transparent and private.
From Bitcoin came Ethereum and a host of other blockchains, along with ICOs and stablecoins. From there we saw DAOs, DeFi and NFTs and much more. In 12 years, crypto has become a $2 trillion industry with radical implications for finance, central banks, corporations, nonprofits and the way organizations are founded and run.
Layer 2′s “Crypto 2022″ series started with Policy Week in October, followed by Future of Money Week in November and Culture Week this week. GET ALL THE CONTENT HERE.
Crypto and blockchain technology are foundational innovations that open new possibilities for transferring and building wealth, and that could allow a new internet to emerge from the broken Web 2 world we’re in.
These new concepts of money and human governance raise massive, almost existential questions – questions that matter to everyone well beyond the rarefied circles of technologists and financiers.
Can the U.S. dollar remain the global reserve currency when challenged by a new, electronic store of value that’s scarcer than gold? What role will envelope-pushing China play in an increasingly digitized international financial system? How can regulation work in a world of leaderless, decentralized teams and automated business agreements? What does value mean when money can be created not just out of thin air but without the coercive power or authority of a nation-state?
**Layer 2 by CoinDesk **is a neutral, open forum that aims to get to the heart of how societies resolve such challenges. From deeply reported, long-form journalism to a diverse range of opinion columnists to institutional-grade research to engaging interactive content, Layer 2 will go beyond the daily headlines and trending ephemera to tell the human stories of creative (and sometimes not-so-creative) destruction.
Even though CoinDesk is a purely digital media platform, we find the language of old, analog media helps to explain what we are doing here. We think of our flagship newswire service as an up-to-the-minute, comprehensive “paper of record,” while Layer 2 by CoinDesk is a “magazine of ideas” that builds on that base and puts crypto in perspective.
A key component of Layer 2 will be Theme Weeks, collections of articles about vital topics. We debuted the concept with Policy Week in October and Future of Money Week last month. Stay tuned for Culture Week, kicking off Dec. 13 with the rollout of the Layer 2 section of CoinDesk.com.
We hope you will find Layer 2 insightful and informative. If there are topics or people you want to see covered, or if you have a contribution to make, please get in touch. We’d love to hear from you.
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