Tag: DeFi

SOLANA (CRYPTO) HAS NEVER DONE THIS BEFORE… Bitcoin & Ethereum Merge MAJOR NEWS!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Solana NFTs just hit an ATH! Google Supports Ethereum Merge? Michael Saylor Buying MORE Bitcoin? Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch The Whole Video) 0:36 – NFT mints on Solana have surged to an all-time high 2:35 – Google Is Counting Down to Ethereum Merge with ‘Easter Egg’ on Search Engine 4:14 – SEC creates Office of Crypto Assets 5:53 –…

DeFi needs appropriate regulation before expanding to retail

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United States Federal Reserve chairman Jerome Powell has spoken out about the expansion of decentralized finance (DeFi) and its impact on the traditional finance ecosystem, calling for appropriate regulation. During an event titled the “Opportunities and challenges of the tokenisation of finance” hosted by the Banque de France on Sept. 27, Jerome Powell said there were “very significant structural issues around the lack of transparency” in the DeFi ecosystem. The comments followed those by Bank for International Settlements (BIS) general manager Agustín Carstens who expressed concern over the contrast between…

Pantera CEO bullish on DeFi, Web3 and NFTs as Token2049 gets underway

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Pantera CEO Dan Morehead highlighted the potential growth and value of Decentralized Finance (DeFi), Web3 functionality, nonfungible tokens (NFTs) and Metaverse applications in his opening keynote speech at Token2049 in Singapore. Thousands of attendees converged on Wednesday at the Marina Bay Sands Convention Center for the start of the two-day conference which features prominent speakers from the cryptocurrency and blockchain ecosystem. Pantera, a blockchain-focused investment fund with $4.5 billion of assets under management, said it continues to see value in emerging crypto use cases.  Morehead drew parallels to the early…

Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’ – Regulation Bitcoin News

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Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized finance (defi) Tuesday during a panel discussion on digital finance hosted by Banque of France. “The monetary policy normalization that we’re seeing all over the world,” Powell began. “All it did was simply reveal what we’ve long pointed out as significant structural issues in the defi…

The DeFi Financial Crime Arms Race

When it comes to DeFi, ultimately we all want an ecosystem with integrity, one that breeds confidence for the growing crypto community. But simply looking to traditional finance (TradFi) as a model on how to achieve this is not optimal. Rather than trying to fit existing regulations tailored for TradFi markets, we should be understanding DeFi’s idiosyncrasies, focusing on the types of financial crimes that are unique to the DeFi ecosystem and that truly hurt the end user, and aligning methods of detection and prevention with crypto’s core values of…

US Fed Chair Powell Urges Caution on Regulating DeFi

“I think it demonstrates the weaknesses and the work that needs to be done around regulation, carefully and thoughtfully, and gives us a little bit of time,” he said. He added that it is central bankers who, as inflation risks began to materialize, may have inadvertently triggered the collapse of many DeFi initiatives. Source

Easyfi launches new product “Electric” to bring Permissionless Margin Trading capabilities to DeFi using its lending protocol

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Testnet Launch on Polygon Now Live Decentralized exchanges (DEXs) have been able to clinch a large market share from centralized exchanges (CEXs), especially with the creation of more than 20,000 tokens, all with varying degrees of liquidity. However, one area where DEXs is still lacking is in the margin trading domain. Where centralized exchanges command more than $200 billion in margin trading volume daily, DEXs fall short with only a tiny fraction of this volume. EasyFi, a universal Layer 2 multi-chain lending protocol, is taking steps to add value to…

DeFi lending protocol created by ex-QuadrigaCX co-founder surpassed $50M in TVL

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According to DeFi Llama, UwU Lend, a decentralized finance, or DeFi, protocol that acts as a money market on the Ethereum blockchain, has surpassed $50 million in total value locked (TVL). The non-custodial protocol was created by Michael Patryn, known by the pseudonym “Sifu,” who was the co-founder of defunct cryptocurrency exchange QuadrigaCX. UwU Lend allows users to earn interest on deposits and pay interest to borrow funds on its platform. Outstanding loans on UwU lend are overcollateralized, with more collateral backing them than debt. A small amount of fees…