Tag: finance

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

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 United States Securities and Exchange Commission’s (SEC) lawsuits against two leading centralized crypto exchanges — Binance.US and Coinbase — have led to a surge in DeFi trading volume over the past week. While SEC’s enforcement action against centralized exchanges has hogged the headlines, the securities regulator is actively pursuing cases against the decentralized exchange (DEX) ecosystem as well. Crypto venture capital…

Curve Finance CEO Egorov Sued by Three DeFi-Focused Venture Capital Firms

Beginning in early 2020, Framework Ventures, ParaFi Capital and 1kx claim that Egorov “engaged in a brazen, multi-faceted scheme to defraud” them over a six-month period, according to the complaint. The VCs also allege Egorov “misappropriated” the firms’ “trade secrets,” including “information that proved to be critical to the development of Curve, such as key industry contacts, potential investors, and knowledge of how to manage an investment round – all while falsely promising that Plaintiffs would benefit from the fruits of their labor, not just Egorov.” Source

DeFi Protocol Curve Finance Now Lets Users Mint crvUSD for Staked Ether

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Losses from crypto rug pulls outpaced DeFi exploits in May: 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. May was a month filled with exit scams in the DeFi world, with over $45 million lost to exit scams, while exploits on DeFi protocols racked up less than half that amount over the same period. Uniswap DAO rejected a plan to charge liquidity provider fees as Uniswap (UNI) token holders, citing tax concerns. The proposal would have allowed Uniswap’s governing body…

A week filled with exploits and uncertainty for DeFi: 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. After a bullish April, May was another month of exploits, rug pulls and hacks, bringing back uncertainty to DeFi. The most prominent headline marker in the past week was the Multichain protocol. The cross-chain DeFi protocol’s delayed node upgrade created a spiral impact and tanked its token price by 30%. The Multichain protocol saga impacted multiple DeFi protocols, forcing Binance to suspend…

Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’

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The Federal Reserve Bank of Atlanta has piqued the interest of the crypto community with a recent publication in its Policy Hub series on the implications of Web3 for financial services. The 17-page paper by Christine Parlour, a professor at the University of California, Berkeley Haas School of Business, is intended as a basic text, and is noteworthy for its completeness. The paper begins with an discussion of blockchains, explaining that “data are sorted and stored in specific locations called ‘wallets’ or ‘addresses.’” After providing the necessary background, Parlour looks…

VardexPay aims to simplify finance using an innovative electronic wallet

VardexPay is an international company focused on simplifying finances and revolutionizing electronic payment services, providing a convenient and secure solution for users worldwide. VardexPay provides speed, security, and passive income VardexPay operates on speed, convenience, and simplicity when working with cryptocurrencies. The platform provides its users with an individualized approach, swiftly resolves their issues, and offers minimal fees for all users. VardexPay has further attempted to distinguish itself by its commitment to security. The platform incorporates encryption and two-factor authentication to safeguard users’ financial information effectively.  With a PCI DSS certificate,…