DeFi

Treasury Department Says DeFi Services Must Improve AML/CFT Controls
Treasury Department Says DeFi Services Must Improve AML/CFT Controls
April 06, 2023  |  Security & Fraud

Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can...

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Chaos Labs Raises $20M for DeFi Protocols’ Risk Suite
Chaos Labs Raises $20M for DeFi Protocols’ Risk Suite
February 21, 2023  |  Investments

Chaos Labs has raised $20 million in seed funding to expand its risk suite that helps protect decentralized finance (DeFi) protocols. The firm was founded...

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In 2023, Crypto Must Focus on Transparency and Security
In 2023, Crypto Must Focus on Transparency and Security
February 09, 2023  |  Opinion

The entire crypto industry should strive for the level of transparency seen in DeFi, Chainalysis Chief Product Officer Pratima Arora writes in the new PYMNTS...

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Unbanked and Mastercard Partner on Crypto Card Issuance in Europe
Unbanked and Mastercard Partner on Crypto Card Issuance in Europe
February 02, 2023  |  Cryptocurrency

Unbanked and Mastercard have partnered to accelerate decentralized finance (DeFi) card issuance in Europe. Through this partnership, the two companies will use their existing footprint...

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Crypto Hackers Stole Billions Last Year by Targeting DeFi
Crypto Hackers Stole Billions Last Year by Targeting DeFi
February 02, 2023  |  Cryptocurrency

Adding to the cryptocurrency sector’s 2022 woes, hackers stole $3.8 billion from crypto companies last year. This, as a new crypto crime report from blockchain...

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FSB to Enhance Monitoring of DeFi-Specific Vulnerability Indicators 
FSB to Enhance Monitoring of DeFi-Specific Vulnerability Indicators 
December 06, 2022  |  Cryptocurrency

The Financial Stability Board (FSB) is stepping up its monitoring of crypto-assets and decentralized finance (DeFi).  During its Monday and Tuesday (Dec. 5 and 6) meeting in...

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DeFi Could Herald End of Centralized Exchange, Binance Exec Says
DeFi Could Herald End of Centralized Exchange, Binance Exec Says
December 01, 2022  |  Cryptocurrency

Binance is reportedly working on “proof of reserves” to reassure customers after FTX’s collapse.  Also, a company executive said that with the emergence of decentralized...

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Will Defi’s Stablecoin Dependence Prove Deadly?
Will Defi’s Stablecoin Dependence Prove Deadly?
November 17, 2022  |  Blockchain

The collapse of FTX raises some existential questions: Not just about that company, not just about cryptocurrencies, but of decentralized finance (DeFi) as well. At...

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Crypto Compliance Can Be Easier Than Regulatory Clarity
Crypto Compliance Can Be Easier Than Regulatory Clarity
November 10, 2022  |  Regulation

When it comes to selling compliance services in the blockchain business, the two most difficult tasks are educating clients from financial institutions about what it...

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