Tag: DeFi

Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer […] Source CryptoX Portal

DeFi is a 1st Amendment right, expert says at hearing

Decentralized finance defenders argued against imposing stringent anti-innovation rules on the fledgling digital asset industry. At a U.S. House Finance Services Committee hearing titled “Decoding DeFi: Breaking Down the Future of Decentralized Finance,” a roster of DeFi proponents testified to protect the sector from stricter rules focused on anti-money laundering and introducing total surveillance on web3 users. Crypto skeptics like Representative Bill Foster and other Democratic Congress members claimed DeFi developers should be held liable for criminal uses of blockchain technology. Rep. Foster and other anti-DeFi legislators reiterated proposals to…

DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

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Este artículo también está disponible en español. Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism’s Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism’s Superchain infrastructure.  For the uninitiated, Ethereum layer-2 (L2) scaling network Optimism’s Superchain is essentially a network of L2 chains, known as OP chains. These chains share security features a communication layer, and are powered…

Mpeppe Defi Casino Perks Appetite Of Aave (AAVE) Investors, Analyst Anticipate Turbocharge Tier-1 Listings

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Este artículo también está disponible en español. The cryptocurrency market never ceases to surprise, with significant shifts and trends emerging seemingly overnight. Recently, a massive sell-off of Aave (AAVE) tokens by a prominent whale caught the attention of the entire crypto community. This sudden move has sparked discussions and speculations about the future of Aave, especially as more investors turn their gaze towards the rising star, Mpeppe (MPEPE). As Mpeppe continues to gain momentum with its DeFi casino offerings, analysts are predicting a potential turbocharge in its value with anticipated…

FBI Warns of Sophisticated North Korean Cyber Attacks Targeting Crypto, Defi, ETFs

The FBI has issued a new warning about North Korea’s cyber campaigns targeting the cryptocurrency sector. The agency highlighted the use of sophisticated, hard-to-detect social engineering tactics to deploy malware and steal digital assets. North Korean hackers are reportedly focusing on decentralized finance (defi) platforms and cryptocurrency exchange-traded funds (ETFs). FBI Warns of North Korean […] Source BitcoincryptoexchangeExchanges CryptoX Portal

How Ethereum 2.0 Can Transform DeFi

For those who didn’t follow the case, the SEC believed ether (ETH) was sold as an unregistered stock, with concerns that it was being sold without following certain rules and protocols. However, Ethereum’s proponents argued that, since the network is decentralized, it does not meet the criteria of an investment contract or security. Source

Inside the Trump Crypto Project Linked to $2M DeFi Hack and Former Pick-Up Artist

Zachary Folkman and Chase Herro – listed in the white paper as World Liberty Financial’s head of operations and its data and strategies lead, respectively – built Dough Finance, a person familiar with the matter said. (Herro used to link to Dough Finance’s Telegram group in his bio on the messaging app, according to a screenshot reviewed by CoinDesk.) Octavian Lojnita, the project’s smart contracts lead, also previously worked on Dough Finance, according to his online resume. Boga, World Liberty Financial’s pseudonymous front-end developer, is listed as an author (under…

Institutional DeFi Needs a BUIDL Moment

Tokenized securities have been hailed as the next-big-thing in crypto since 2018, but the market saw relatively little adoption for years. The value proposition of tokenized securities was obvious, and most platforms had KYC-AML capabilities, but that wasn’t enough to be taken seriously by institutions. During that time, companies like Securitize added institutional-ready capabilities such as broker-dealers, transfer agents, and onboarding institutions, all of which led to BlackRock gaining conviction for the space. BUIDL built on the institutional blocks laid by Securitize, like its transfer agent and broker-dealer capabilities. Source