Showing news for Defi
Crypto Broker Voyager Digital Suspends Trading, Withdrawals
Crypto broker Voyager Digital Ltd. is temporarily suspending trading, deposits and withdrawals due to difficult market conditions, amid a deepening meltdown in beleaguered cryptocurrency markets.
Coinbase Renews Overseas Expansion Plan After Cutting US Staff
Coinbase Global Inc. is turning abroad to fuel growth in new users and revenue, reviving an international push after laying off more than 1,000 of its predominantly US workforce.
Singapore Regulator Praises Leaders of Crypto Firms Like Binance
Just days after saying Singapore is “brutal and unrelentingly hard” on bad behavior in the crypto industry, Sopnendu Mohanty, chief fintech officer at the city’s regulator, struck a cordial tone.
DeFi Platform MakerDAO Pauses Some Aave-Related Lending Activity
MakerDAO, a long-established decentralized autonomous organization that supports the stablecoin DAI, has suspended the token from being deposited and minted in Aave’s crypto lending platform.
DeFi in Turmoil as Eye-Popping Yields Prove Too Good to Be True
The notion that the cryptocurrency industry has near-magical powers to pay out yields that dwarf those found in the traditional financial world without much added risk is undergoing a rapid and painful reality check.
DeFi Platform Compound Prime Gets Junk Credit Rating From S&P
Decentralized finance platform Compound Prime LLC received a junk credit rating from S&P Global Ratings, underscoring how crypto lending is making inroads among institutional investors -- as well as the risks involved.
Binance Recovers Stolen, Disguised Crypto Loot From Mega Hack
More than a week after the U.S. tied one of the biggest heists in crypto to a North Korean hacking group, digital-asset exchange Binance said it was able to recover about $5.8 million worth of the stolen loot that had made its way onto its platform in disg...
Group of Crypto DAOs Considers Taking Over Sushi in Latest DeFi Twist
The beleaguered decentralized cryptocurrency exchange Sushi has become the target of a potential takeover attempt by several supposedly autonomous rivals.
SEC’s Lone Republican Warns of Threat to Crypto DeFi Platforms in New Agency Plan
(Bloomberg) -- The lone Republican on the U.S. Securities and Exchange Commission is warning a recent proposal that would add oversight to systems for trading government securities could also give officials sweeping new powers to scrutinize digital-asset p...
Crypto Coin Holders Vote Felon Treasurer Out of DeFi Project
Investors in decentralized-finance project Wonderland have voted out a felon who was overseeing the project’s treasury.
DeFi Evangelists Say the Future Is Now
Web 3.0 will bring inclusion and equality, proponents say. But it also promises financial risk and uncertainty—especially given the lack of regulation.
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