What we cover? DAOs are not as secure as they purport to be Why are DAOs getting hacked? What can be done about DAO hacks? The Achilles heel of DAOs: Open Code. There’s no doubt that DAOs are great. They offer a new way of organizing and managing projects, and they have the potential to revolutionize how we do business…

What are we talking about? Stablecoins Cryptocurrencies Central bank digital currency (CBDC) Mark Carney — Bank of England Web3 economy Value Settlement Financial Institutions What is a stablecoin? A stablecoin is a cryptocurrency that is pegged to another asset, such as the US dollar or gold. This allows for greater price stability and makes them ideal for use in…

The fed has recently released its outlook on interest rates and plans to start slowly increasing over the coming quarters. This news has sent the markets into a frenzy, with stocks and bond prices dropping as investors weigh in on what this could mean for them. On one hand, those…

It’s no secret that the federal reserve has been watching the cryptocurrency world with a close eye. And, this week, they made a move that is sure to shake up the crypto world. They created a centralized exchange that will become the strongest liquidity provider for L1 blockchains in the…

Mortgages are a part of life for most people. Buying a home is one of the biggest investments you will ever make, and mortgages are how most people finance that purchase. However, the mortgage industry is ripe for disruption. That’s where blockchain comes in. Blockchain has the potential to change…

The Evolution to DeFi: The Benefits of Decentralizing Financial Institutions The world is changing in front of our eyes. We are witnessing the evolution of DeFi, or decentralized financial institutions, based on blockchain technology. What does this mean for the future? Well, many people believe that decentralization will be able…

In this blog post, we will explore how blockchain is changing the future of finance. Blockchain has been around for a long time and was originally created as a public ledger to track Bitcoin transactions. It has evolved into much more than that now with features like decentralized file systems…

By: Arnav Bhattacharya & John Wingate Today we would like to explore a common question we get here at BankSocial regarding the differences between decentralized and centralized exchanges. Understandably, there is often confusion between these two systems because, frankly, decentralized systems are so new and people just don’t always understand…

Through careful planning and masterful execution, BankSocial is proud to announce that we have been able to, for the first time in blockchain history, secure the same exact address for the BSC and ERC tokens. Moving forward, BankSocial investors will only need one contract address on both chains. As we…