Singapore launches first industry pilot for digital assets and decentralized finance
Dubbed Project Guardian, MAS is hoping to leverage DeFi to improve the securities sector as it increasingly leans towards distributed ledger technology (DLT).
Latest DeFi News
Gaming dominates blockchain usage as DeFi crumbles: report
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 issues warning over DeFi vulnerabilities
FBI warns investors to beware of DeFi vulnerabilities such as flash loans that target smart contracts, verification issues, and manipulation of price pairs.
DeFi platform Babylon Finance to shut down as investors flee
Babylon Finance launched in 2021 and promised "democratization of investing" in assets previously inaccessible to most due to regulation and jurisdiction.
Brazil’s central bank endorses Itaú’s DeFi liquidity pool proposal
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 queries companies as digital asset regulations look to take new turn
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.
Solana’s DeFi ecosystem was totally fake—This is why identity matters
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.
More investments in digital assets expected as German legislation encourages interest from DACH investment funds
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’s new AML laws target DeFi and ICOs, with fines leading up to $450K
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.
The biggest digital currency hacks in 2021
"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.
Canadian teen faces arrest warrant over DeFi hack in ‘code is law’ case
Andy Medjedovic exploited DeFi platform Indexed Finance and stole $16M, and after experts identified him, he refused to surrender arguing “code is law.”
C.R.E.A.M Finance exploited for over $100 million
C.R.E.A.M Finance, a DeFi lending & borrowing platform, was exploited for $115 million, making it one of the largest exploits in DeFi history.