BIS wants central banks to move faster with CBDC amid looming stablecoin pressure
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.
Latest decentralized finance News
European Securities and Markets Authority brands digital currency ‘volatile’
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.
SEC probe on Uniswap: Regulator wants to find out more about DEX structure and marketing
The U.S. Securities and Exchange Commission has signaled again that decentralized finance (DeFi) platforms aren't immune from legal scrutiny.
SEC’s Gary Gensler gives latest on digital currency regulation: CBDC, DeFi and regulatory frameworks
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.
DeFi Money Market charges latest example of why DeFi can’t escape law
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.
The CoinGeek Pulse Episode 56: $600M digital token heist, US Senate approves $1T Infrastructure Bill, Calvin Ayre funds Crime Bounty program
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.
Poly Network attack: Here’s what happened to biggest DeFi hack in history
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 plans to buy Afterpay—will Dorsey’s DeFi dreams come true?
Square will acquire all of the existing Afterpay shares, and the deal is expected to close by the end of Q1 2022.
Popsicle Finance exploit shows DeFi innovation is stagnant
DeFi platform 'Popsicle Finance' was exploited for $25 million, revealing that there has not been much innovation in DeFi smart contracts.
Jack Dorsey’s Square wants to build DeFi on BTC—but is it even possible?
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.
Mike Novogratz (almost) gets it
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.
World Economic Forum publishes policy papers for DeFi regulation
The WEF policy toolkit coincides with growing interest in regulated decentralized finance worldwide, and presents guidance for regulators to help formulate effective legislative responses.