BIS: DeFi has few real-economy uses, says ‘decentralization is an illusion’
With suitable regulation in place, DeFi could yet play an important role in the financial system, BIS suggests.
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DeFi protocol BadgerDAO suffers $120M exploit
BadgerDAO, a decentralized autonomous organization (DAO) focused on bringing Bitcoin to decentralized finance (DeFi), is the latest to suffer an exploit that was estimated to result in losses of US$120 million. Fast facts Crypto security firm PeckShield said in a Thursday tweet the total loss has amounted to at least 2,100 BTC and 151 ETH.…
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Twitter CEO Jack Dorsey resigns
Twitter’s stock rose 10% on the news, and his other company, Square, also opened up 4%.
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Crypto.com on a price tear as Cardano, TRON plummet on eToro delist news
Cardano ADA and Tron TRX will no longer be available to eToro’s US customers next year while CRO reflects Crypto.com ‘going from strength to strength.’
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World Economic Forum launches digital currency info resource
More than 85 members of the WEF Digital Currency Governance Consortium contributed eight white papers on CBDC and stablecoins.
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SEC new enforcement actions rose 7% to 434 in FY 2021
The securities markets regulator ordered $3.85B in fines, while new actions included ‘emerging threats’ in the crypto industry.
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Mintable wants to be the world’s largest NFT market by cataloging all Ethereum-based NFTs
How to sift through millions of NFTs before buying? NFT marketplace Mintable is hoping to attract more users with these new organizing and ranking features.
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UAE’s LuLu Exchange, Pakistan’s Bank Alfalah partner on cross-border payments
LuLu Exchange, a financial services company in the United Arab Emirates (UAE), and Pakistan’s Bank Alfalah are partnering to bring faster and more cost-effective cross-border payments and remittances from the UAE to Pakistan using RippleNet. Fast facts Bank Alfalah’s integration with RippleNet — Ripple’s global payments network for financial institutions — and its launch with…
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DBS’ digital assets under custody surge 200% in Q3, bank to scale up digital exchange
DBS Bank — Southeast Asia’s largest lender — intends to scale its crypto exchange as it invests in blockchain and wants to be nimble to adapt to how DeFi evolves.
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BXH says its exploit, now estimated at $139M, came from admin key leakage
The hacked DeFi platform called China’s cyber police first thing as most users appear to be in China.