Iron Finance bank run stings investors — A lesson for all stablecoins?
The Iron Finance stablecoin fiasco caused cries for regulation and shed light on the importance of complete collateralization. Go to Source Powered by WPeMatico
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FATF’s Annual Crypto Review Highlights ‘Continued Use of Anonymity Tactics’ and ‘Lack of Effective’ Regulation
The Financial Action Task Force (FATF) has published the organization’s 12-month review and the research highlights that only 45% of the 128 reporting jurisdictions have complied with AML/CFT policy and FATF recommendations. The annual review stresses that the “lack [of] effective” regulation makes it “challenging for competent authorities to follow the transaction trail, buying more … Read more
Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi
The days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools. Go to Source Powered by WPeMatico
Finance Redefined: Alchemix rugpull remuneration, and Aave v. 2.5! June 16-23
The first-ever “reverse rug” has a surprising compensation plan, and the largest protocol in DeFi ponders growth. Go to Source Powered by WPeMatico
Better, faster, cheaper: How DeFi will kill the retail bank
The battle for global consumer deposits is going to be the fight of the century. But to vanquish old-fashioned banks, the DeFi sector needs to up its game. Go to Source Powered by WPeMatico
Sushiswap to deploy full suite of Sushi products on Harmony’s blockchain
“We believe this partnership with Sushi is just the beginning of bringing millions of people into decentralized finance,” said Harmony founder Stephen Tse. Go to Source Powered by WPeMatico
Echoing Cuban, Novogratz says DeFi should ‘play by the rules’, or ‘pay the piper’ later
Mike Novogratz suggests DeFi projects add KYC and AML features now instead of waiting on regulators to crack down on the entire sector. Go to Source Powered by WPeMatico
Rangers Protocol plans testnet launch for mid-July
“It is time to show the world what we are made of,” said Rangers Protocol co-founder Mary Ma. Go to Source Powered by WPeMatico
New report suggests Ethereum holders, DeFi helping ETH from crashing below $1.7K
Total value locked across decentralized finance-enabled smart contracts has dipped 35% from its peak. Go to Source Powered by WPeMatico
Beware of ‘soft rugs’ — a growing menace in decentralized finance
Developers dumping tokens and making off with the proceeds is the latest scourge to plague DeFi. Go to Source Powered by WPeMatico