DeFi on ‘Path to Recovery’ After Strong Quarterly Growth
The DeFi sector is “on the path to recovery,” with DeFi-related tokens increasing their share of the total crypto market valuation from last quarter's 4.7% to 5.8%.
Japanese Regulator Report Suggests DeFi Regulations Could Be Coming
The top Japanese financial and crypto sector regulator, the Financial Services Agency (FSA), has published a report on DeFi, blockchain and crypto – with its authors concluding that there may be a need for the nation to develop regulations for the decentralized finance sphere.
MonoX Team Confirms Exploit, USD 30M+ Might Be Stolen
Around USD 31m seems to have been stolen from decentralized finance (DeFi) platform MonoX.
Poly Hacker Prolongs Return of Funds, Offered Position of Chief Security Advisor
The biggest decentralized finance (DeFi) hack, of interoperability protocol Poly Network, with roughly USD 600m stolen is not over just yet, as the attacker has not yet provided the final key of the multisignature wallet, stating that they will provide it "when everyone is ready." However, the attacker has been offered a significant position on the team.
MakerDAO Founder Suggests ‘Seriously Considering’ Depegging DAI from USD
MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.”
Forked DEX On Binance Chain Tests Uniswap & Legal Limits
Major decentralized exchange Uniswap (UNI) has been put to another test, as the crypto industry is waiting how the platform will react to its copy that has appeared on the Binance Smart Chain (BSC).
Another Crypto Exchange Eyes Nasdaq, Polkadot’s Parallel Finance + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
DEX & CEX Trading Volume Exploded in May Surpassing USD 2 Trillion
May 2021 has been by far the best month for crypto exchanges, both centralized (CEX) and decentralized (DEX) ones, as the total trading volume reached at least USD 2.48trn - a new record.
JPMorgan Chase Closes Uniswap Founder’s Bank Accounts & Offers Help
Hayden Adams, the creator of major decentralized exchange Uniswap, said that American banking giant JPMorgan Chase closed his banking accounts with “no notice or explanation.”
Top Risks for DeFi Users and Investors According to Moody’s and Gauntlet
Decentralized finance (DeFi) is rapidly evolving, but insufficient transparency, a lack of shared awareness about its risks, and methods to measure and mitigate those risks continue to pose challenges to its users, according to a report by international risk assessment firm Moody’s.