DeFi

DeFi’s Risks ‘Quickly Evolving’ to Threaten Traditional Markets, Securities Regulators Warn
DeFi’s Risks ‘Quickly Evolving’ to Threaten Traditional Markets, Securities Regulators Warn
March 25, 2022  |  Regulation

Warning that the risks decentralized finance (DeFi) pose are quickly evolving as the crypto-based markets grow to the point where they are “cloning” mainstream financial...

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Tools Like Digital ID and Oracles Bring KYC Controls to DeFi
Tools Like Digital ID and Oracles Bring KYC Controls to DeFi
March 24, 2022  |  Digital Identity

Even without the urgency of cryptocurrency-enabled Russian sanctions violations, bringing know your customer (KYC) identity verification to decentralized finance (DeFi) was always a matter of...

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Fed, Bank of England Lead Charge for Global DeFi Regulations
Fed, Bank of England Lead Charge for Global DeFi Regulations
March 24, 2022  |  Regulation

Decentralized finance is a growing threat to economic stability that must be reined in and regulated by international cooperation. That’s the message that Federal Reserve...

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PYMNTS DeFi Series: What Is an Algorithmic Stablecoin? DAI and the Fiat-Free Dollar Peg
PYMNTS DeFi Series: What Is an Algorithmic Stablecoin? DAI and the Fiat-Free Dollar Peg
March 23, 2022  |  Cryptocurrency

Welcome to PYMNTS’ series on decentralized finance, or DeFi. In these articles, we’ll be looking at every part of DeFi — the biggest, hottest, most...

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DeFi’s Self-Executing Payouts Enable Crop Insurance for Small Farmers in Africa
DeFi’s Self-Executing Payouts Enable Crop Insurance for Small Farmers in Africa
March 23, 2022  |  Blockchain / Distributed Ledger

The vast majority of Africa’s 300 million subsistence farmers find crop insurance, a basic farming financial tool, impossible to get. But a new coalition of...

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Morgan Stanley Doesn’t Think DeFi Growth Has Legs
Morgan Stanley Doesn’t Think DeFi Growth Has Legs
March 22, 2022  |  Technology

A Morgan Stanley report has said the growth in decentralized finance (DeFi) could be set to slow down soon, due to regulation and overcollateralization concerns,...

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Hacker Manipulates a Smart Contract on Li Finance; Takes $600K
Hacker Manipulates a Smart Contract on Li Finance; Takes $600K
March 21, 2022  |  Security & Fraud

The Li Finance swap aggregator experienced a smart contract attack which led to around $600,000 lost from 29 users’ wallets, a report said. The attack...

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Ripple Commits 1B XRP To Advance XRP Ledger Development
Ripple Commits 1B XRP To Advance XRP Ledger Development
March 17, 2022  |  Blockchain

Ripple will be committing 1 billion XRP to help with development and new use cases on the XRP ledger, according to a press release Thursday...

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Software Firm ConsenSys Closes $450M Series D to Further Web3 Developments
Software Firm ConsenSys Closes $450M Series D to Further Web3 Developments
March 15, 2022  |  Investments

Software company ConsenSys, which creates foundational software for Web3, has closed a $450 million Series D funding round, the company announced Tuesday (March 15). Per...

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