Dubbed Project Guardian, MAS is hoping to leverage DeFi to improve the securities sector as it increasingly leans towards distributed ledger technology (DLT).
DappRadar’s August report found that gaming made up 51% of all blockchain activity, but it found that the total value locked in DeFi has shrunk 70% this year alone.
FBI warns investors to beware of DeFi vulnerabilities such as flash loans that target smart contracts, verification issues, and manipulation of price pairs.
Babylon Finance launched in 2021 and promised "democratization of investing" in assets previously inaccessible to most due to regulation and jurisdiction.
The platform will deploy blockchain and smart contracts in asset custody, currency exchange, and alternative investment financial services and would work similar to liquidity pools on DeFi protocols.
Singapore is taking active steps to understand the digital assets market by gaining insights from industry entities as it seeks regulations to curb the risks associated with digital exchanges.
Coindesk recently published a report on how two brothers used multiple pseudonymous accounts to fake a DeFi ecosystem on Solana—showing that without identity, there's no way to know who's in control.
Scientists from MINDSMITH, OnGrid System, DEKIS, and Tiger.Trade carried out a study regarding investment funds, digital assets, and DeFi solutions, coinciding with the new German Fund Location Act.
Estonia has been working on new AML laws that the government approved two weeks ago, and they are designed to clamp down on the digital currency industry.
"Bring down the banks" has become a mantra in some corners of the industry, but what few talk about is just how many security breaches really happen in the industry and how unsuitable the sector is to replace traditional banking.
Andy Medjedovic exploited DeFi platform Indexed Finance and stole $16M, and after experts identified him, he refused to surrender arguing “code is law.”