Tag: DeFi

Premia Blue, the Future-Proof DeFi Options Exchange, Is Now Live on Arbitrum

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September 13, 2023 – Road Town, British Virgin Islands Premia Blue, the first-of-its-kind DeFi options exchange, is now live on Arbitrum. Designed for traders and liquidity providers across all experience levels, Premia Blue offers unparalleled capital efficiency, user functionality and composability in the DeFi space. Traders are now open to fully customizable European-style crypto options with market-driven pricing and dual trading modes – AMM and Orderbook. It’s the only options platform in DeFi where products are composable no matter the preferred trading method. Premia Blue opens the world to traders…

Crypto Custodian Finoa Expands to Regulated DeFi

“An important differentiator is what we as a regulated custodian can and cannot do,” Gebbing said. “What you will not find, for example, is that we just connect Finoa wallets to any kind of decentralized app out there, permissionless DeFi and whatnot. It’s really a filtered, curated set of d’apps that you can work with.” Source

DeFi group petitions to stop ‘patent troll’ targeting DeFi protocols

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A decentralized finance (DeFi) advocacy body has petitioned the United States Patent and Trademark Office (USPTO) to review a patent owned by a company it has accused of being a a “patent troll” — a firm that aims to profit from patent lawsuits. In a Sept. 11 blog post, the DeFi Education Fund (DEF) said on Sept. 7 that it filed an over 90-page petition to the Patent Trial and Appeal Board in a bid to cancel a patent owned by True Return Systems. Granted in 2018, the patent lays…

Will the CFTC Blot Out DeFi in the U.S.?

In its press release, the CFTC was specific about the labels it would have applied to the DeFi apps. Opyn, for instance, a type of decentralized insurance provider, should have had licenses for a “swap execution facility” (SEF) and “designated contract market” (DCM) as well as a “futures commission merchant” (FCM), the agency wrote. Source

Friend.tech Regains Strong DeFi Activity with TVL Shooting Past $20M

One possible reason behind the strong surge in Freind.tech’s user activity is due to several non-crypto personalities joining the platform recently. Decentralized social platform Friend.tech is once again gaining major traction with the total value locked (TVL) shooting to more than $20 million in the last four days. The development comes within two weeks of critics declaring the platform “dead” after the activity on the platform started to “fizzle out”. Nonetheless, Friend.tech has experienced a notable resurgence in activity in recent days, with the app recording a daily trading volume…

BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in the DeFi ecosystem was filled with ups and downs, from the United States Commodity Futures Trading Commission’s (CFTC) investigation into multiple DeFi protocols to Binance CEO Changpeng “CZ” Zhao’s forecast that DeFi would outgrow centralized finance (CeFi) in the next bull run. While CZ anticipates a bright future for DeFi, a report from the Bank for International Settlements…

CFTC filed complaints against three defi protocols

The United States Commodity Futures Trading Commission (CFTC) has issued orders against three defi protocols for failing to register derivative trading offerings. The regulatory body has acted against the three decentralized finance (defi) protocols: Opyn, ZeroEx, and Deridex. The regulator claims they failed to register derivatives trading offerings. The CTFC ordered that the companies pay fines of $250,000, $200,000, and $100,000, respectively. The entities reportedly failed to comply with the customer’s regulations and provisions established in the Bank Secrecy Act. The defi protocols were also charged with illegally offering leveraged…

DeFi enforcement sparks dissenting opinion from CFTC commissioner

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Commodity Futures Trading Commission (CFTC) Commissioner, Commissioner Summer K. Mersinger, has said that he is concerned that the United States CFTC is considering enforcement actions related to decentralized finance (DeFi) protocols rather than engaging with the public. In a public statement issued on Sept. 7, the dissenting commissioner expressed his misgivings about the approach taken by the CFTC in these cases, arguing that enforcement actions are not the most suitable means of addressing novel DeFi technology. The commissioner believes that the CFTC should engage with the public and stakeholders through rulemaking…

Synthetix DEX launch to join efforts reducing the ‘serious friction’ in DeFi

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Decentralized derivatives protocol Synthetix is the latest project aiming to close the usability gap between centralized and decentralized exchanges — with a Q4 slated launch of the Synthetix V3 protocol and its decentralized exchange front-end, called Infinex. Speaking to Cointelegraph, Synthetix founder Kain Warwick said the Q4 slated launch of Infinex — a decentralized perpetual futures exchange front-end which enables trades on Optimism (OP) — as the “missing component” that could bring more users to DeFi. We are entering DeFi’s greatest chance to take on centralised finance. Let’s start talking…