The head of the Bank for International Settlements has asked central banks to step up their efforts with CBDCs as they face a threat from stablecoins and DeFi.
The report views digital currency a trending innovation in finance, but also a threat to the sustainability of financial services due to its environmental impact.
The U.S. Securities and Exchange Commission has signaled again that decentralized finance (DeFi) platforms aren't immune from legal scrutiny.
Arguing that DeFi projects would fall within the scope of regulators like the SEC, Chairman Gary Gensler described the term as “a bit of a misnomer” in an interview with the Wall Street Journal.
The U.S. securities regulator recently brought charges against Gregory Keough and Derek Acree, and their Cayman Islands company for raising $30 million by selling illegal securities via so-called smart contracts.
In what appears to be one of the largest digital currency heists in history, decentralized finance (DeFi) platform Poly Network lost an estimated US$600 million in digital tokens in a hack attack earlier this week.
The Poly Network allows users to swap tokens across multiple blockchains, including Ethereum, Binance Smart Chain, Polygon, and others. Poly Network announced the attack on Twitter on August 10.
Square will acquire all of the existing Afterpay shares, and the deal is expected to close by the end of Q1 2022.
DeFi platform 'Popsicle Finance' was exploited for $25 million, revealing that there has not been much innovation in DeFi smart contracts.
Twitter and Square CEO Jack Dorsey is reportedly planning to jump on the DeFi bandwagon. There's a twist, however: Square is attempting to build its DeFi platform on the BTC blockchain.
It was only a matter of time before bigwigs in the digital currency space started to wake up to what Dr. Craig Wright and other voices in BSV blockchain have been telling them all along.