DeFi

Citi’s Magical MetaFi Tour Predicts a $13T Metaverse Financial System, Infinite Payment Rails by 2030
Citi’s Magical MetaFi Tour Predicts a $13T Metaverse Financial System, Infinite Payment Rails by 2030
April 04, 2022  |  Metaverse

By 2030, 5 billion people — more than half the world’s population — will be trading in daily drudgery for the metaverse’s 3D immersive virtual...

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Betting Big, Hacker Risks $3M to Con DeFi Lending Protocol out of $15.6M
Betting Big, Hacker Risks $3M to Con DeFi Lending Protocol out of $15.6M
April 04, 2022  |  Security & Fraud

A hacker who gambled $3 million that a decentralized finance (DeFi) protocol was exploitable hit the jackpot over the weekend, coming away with a tidy...

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In $625M Hack, a Bigger Crypto Security Problem Is on Display
In $625M Hack, a Bigger Crypto Security Problem Is on Display
April 03, 2022  |  Cryptocurrency

How do you steal $625 million? In the case of the Ronin Network, a cross-chain bridge that lets people make payments on one blockchain using...

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PYMNTS Crypto Crime Series: Latest DeFi Hack Drains Record $625M
PYMNTS Crypto Crime Series: Latest DeFi Hack Drains Record $625M
March 30, 2022  |  Security & Fraud

The PYMNTS crypto crime series looks at the capers that have not only been committed in the cryptocurrency industry but have defined it — and...

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The Case for Stablecoins: A Better, Safer, More Innovative Payments Solution Than Bitcoin
The Case for Stablecoins: A Better, Safer, More Innovative Payments Solution Than Bitcoin
March 29, 2022  |  Cryptocurrency

There are few segments of the cryptocurrency industry that get as much focus from policymakers as stablecoins. Ever since Meta panicked elected officials, central bankers...

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DeFi Advocates Blast Proposed SEC Rule Change as Crippling ‘Shadow Attack’
DeFi Advocates Blast Proposed SEC Rule Change as Crippling ‘Shadow Attack’
March 29, 2022  |  Cryptocurrency

The Securities and Exchange Commission (SEC) is making a “shadow attack” that is designed to kill decentralized finance, according to several prominent attorneys in the...

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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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