In a new working paper, the Bank for International Settlements took a deep dive into the technical side of DeFi, looking at functionality and risks; BIS is still dismissive of DeFi.
The current amount raided is a far cry from the announcement in 2022 in which Animoca Brands noted that it planned on raising up to $3 billion.
2022 witnessed the dashing dreams of BTC loyalists who called for the price to hit $100k, given their infallible plan to get rich by HODLing, while the Defi crowd got their time in the sun.
U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing into the FTX collapse mocked Kevin O’Leary, who is lamenting the loss of the $15m tokens he received for being FTX’s spokesman.
Ida Tiongson believes that the Philippines is already showing an appetite for blockchain, digital assets, and decentralizing finance and says it’s set to become a global hub.
The second day of the Philippine Blockchain Week delves into the struggles of the digital asset and DeFi sectors as government agencies make efforts to regulate emerging industries.
Thought leaders, key business players, and enthusiasts gather at the Marriott Grand Ballroom in Pasay City for the inaugural Philippine Blockchain Week to shape the country’s digital landscape.
Dubbed Project Guardian, MAS is hoping to leverage DeFi to improve the securities sector as it increasingly leans towards distributed ledger technology (DLT).
Contrary to popular belief, being listed on centralized exchanges does not make a coin or token in demand, desirable or increase in price.
SBF recently tweeted his "thoughts on crypto regulation" alongside a more detailed set of Possible Digital Asset Industry Standards posted to the policy page of the FTX.US.
This latest theft, resulting from deliberate manipulation of price mechanisms, again raises questions about the viability of DeFi among serious investors, and what action could be taken to recover funds.