With regulators unlikely to change old-fashioned rules in favor of the emerging market, DeFi might be burdened under fraud and new portions of restrictions. Over the years, we have seen a lot of trends such as initial coin offerings, initial exchange offerings, security token offerings, decentralized autonomous organizations and many more, but none of these […]
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Like the ICO boom of 2017, DeFi plays to our desire to get rich fast without any responsibilities. Decentralized finance, in a nutshell, promises transparency and offers beneficial terms for borrowers. DeFi platforms are supposed to build an alternative financial system for offering/receiving loans, exchanging currencies, making payments, etc. There are no banks, brokers or […]
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Who would have thought an alleged exit scam could have a happy ending? In a surprising turn of events, SushiSwap’s former head, anonymously known as Chef Nomi on Twitter, has apologized for their mistakes and returned $14M to the project’s development fund. Nomi said in a Sept. 11 Tweet thread: To everyone. I f***** up. […]
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Despite Ethereum’s proposal to fix its high fees, some feel that more needs to be done to improve the network. The crypto market has been on the receiving end of a market downturn during the past week, with many cryptocurrencies facing drops in valuation almost overnight, raising concerns that a bear market has commenced. Furthermore, […]
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Regulatory compliance requirements are becoming increasingly important. Ethereum Classic Labs, the entity behind the Ethereum Classic (ETC) asset, and blockchain analysis outfit Chainalysis have joined forces. Aside from its work on ETC-related technology, ETC Labs also operates an accelerator wing for backing and helping startups in the crypto industry. Thanks to an alliance with Chainalysis, […]
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Blockchain regulation continues to increase and it isn’t likely to slow down any time soon. In an effort to increase the country’s legal overwatch, Germany now says Bitcoin (BTC) ATMs require regulatory approval before they are allowed to operate. ATMs that offer assets such as Litecoin and Bitcoin now requires a license from Germany’s financial […]
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As trading volumes across many top DEXs continue to soar, 2020 is shaping to be the year of DeFi tech. One of the most groundbreaking advancements to come out from within the realm of blockchain technology is the concept of a decentralized exchange. In its most basic form, a DEX can be thought of as […]
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Will Ethereum Classic’s community accept this new solution from Charles Hoskinson’s IOHK? Earlier today, IOHK presented its checkpointing proposal to the Ethereum Classic (ETC) community. This is meant as a short-term solution for preventing future 51% attacks. In the past several weeks, the network has suffered a number of such attacks, which has cast doubt […]
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In light of newly expanded qualifications for accredited investors, Law Decoded looks at recent interactions between crypto and public companies. Editor’s note It is a cruel twist of fate that during the first hiatus week in Law Decoded’s existence, the SEC put out long-awaited updates to accredited investor qualifications. Upon reading the news, your faithful […]
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Political parties on the blockchain could soon become a reality for the DeFi space. Meta-DeFi protocols are becoming increasingly popular following the success of Yearn.finance. The project is essentially a yield farming hedge fund that lets people participate in complex strategies to farm the governance tokens, or GTs, of other protocols. Yearn is just about […]
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