DeFi News

“Crypto is dead. Long live Crypto,” the veteran decentralized finance (DeFi) developer and creator of early DeFi protocol Yearn.Finance (YFI), Andre Cronje, opened a new blog post by saying. He went on to argue that more regulation is needed in the space in which he has earned significant wealth.

Wall Street investment bank JPMorgan is persuaded that decentralized finance (DeFi) and blockchain technology bring major growth potential, and is determined to remain “at the forefront of this innovation,” Jamie Dimon, the bank’s Chairman and CEO, wrote in his latest letter to the company's shareholders.

The United States Treasury Department has sanctioned an ethereum (ETH) address that it says received coins stolen in the Ronin Validator hack – and the FBI has claimed that the North Korean Lazarus group of hackers was behind the security breach.

A new proposal put forward by Solana (SOL)-based borrowing and lending service Solend to disapprove the takeover of the protocol's largest account following huge backlash from the community has passed with an overwhelming majority of votes.

Pure decentralized finance (DeFi) protocols have fared far better than the more centralized crypto lending and borrowing companies during this bear market. This proves that computer code and transparent standards give “a better outcome,” crypto essayist and former BitMEX CEO Arthur Hayes wrote.

Tokens.com, a publicly-traded company that invests in revenue-generating digital assets, has acquired 116 parcels of virtual land within Decentraland's metaverse, which is reportedly the largest metaverse land acquisition to date.

Around USD 31m seems to have been stolen from decentralized finance (DeFi) platform MonoX.

Crypto mixers – services that exist to increase the anonymity of crypto users – are more popular than ever, while illicit addresses account for 23% of funds sent to mixers so far this year, a new report from blockchain intelligence firm Chainalysis has found.

The United States Securities Exchange Commission (SEC) and its Chairman Gary Gensler have received a slew of letters from pressure groups and parliamentarians voicing their concerns about proposed amendments to the Exchange Act, established in the 1930s. The agency plans to expand the legal definition of what an exchange is.

Ethereum (ETH) Layer 2 (L2) scaling solution Optimism has announced the launch of its OP token that would further help the initiative move toward a decentralized governance structure known as the Optimism Collective.