Tag Archives: defi

David Hirsch, the head of the SEC’s Crypto Assets And Cyber Unit, recently promised further enforcement actions against crypto platforms deemed to be non-compliant with the agency’s demands. The announcement was made at the SEC’s yearly Securities Enforcement Forum Central event, which took place at the Four Seasons hotel in Chicago this year and was streamed online for those who could not attend. DeFi Is Not A Workaround, Says Hirsch During the event, which hosted speakers...

In what’s described as a rapidly evolving landscape of financial and economic crimes threatening the internal security of the European Union, Europol has applauded the independence and protection offered by blockchain technology. Europol has also raised concerns over the rising criminal activity within decentralized finance (DeFi). Europol Warns of Rising Criminal Activity in DeFi and NFT Space Europol, the European Union Agency for Law Enforcement Cooperation, recently...

Coinbase, one of the most popular crypto exchanges, continues its expansion journey with the official launch of its Web3 wallet designed to facilitate transactional interactions for major institutions with Web3, DeFi, and NFTs. Per Coinbase’s statement, this crypto wallet will rely on MPC tech to enable clients to store tokens from supported networks, access funds, interact with dApps and smart contracts, and tap into decentralized liquidity to trade a wide range of assets....

The latest market manipulation report from Solidus Labs, specializing in crypto-native trade surveillance and risk monitoring, has identified wash trading activity of at least $2 billion worth of cryptocurrency on Ethereum-based decentralized exchanges (DEXs) since 2020. Solidus Labs Exposes Wash Trading in DEXes Solidus Labs analyzed a sample of approximately 30,000 DEX liquidity pools and found that wash traders manipulated 67% of them. Wash trading refers to traders...

Coinbase, one of the world leaders in crypto services, is currently battling accusations of improper conduct in U.S. courts. The platform’s legal representatives have denied any wrongdoing, even going so far as to request the dismissal of the case. In spite of the accusations, Coinbase – and the platform’s CEO, Brian Armstrong – are generally viewed as a positive force in the market by institutional investors and even policymakers. As previously reported by CryptoPotato,...

Seit der Einführung von Bitcoin im Jahr 2009 hat sich die Welt der digitalen Währungen rasant entwickelt. Die Entstehung und Akzeptanz von Kryptowährungen, gefolgt von der aktuellen Welle der Zentralbank-Digitalwährungen (CBDCs), zeigt, wie tiefgreifend die digitale Revolution den Finanzsektor verändert hat. In diesem Artikel werden wir die Evolution von digitalen Währungen und ihre Auswirkungen auf den globalen Finanzmarkt untersuchen. 1. Bitcoin:...

The dYdX Foundation, a non-profit organization behind the decentralized crypto exchange dYdX, has released its semi-annual report detailing its ecosystem growth and milestones reached in 2023. According to the report, the foundation fostered the development of the dYdX protocol and grew the community in preparation for the release of the v4 open-source software – the dYdX Chain. The Journey So Far in 2023 The foundation said the regulatory challenges of the crypto industry,...

The Commodity Futures Trading Commission (CFTC) announced that it had initiated and successfully settled legal actions against the Opyn, ZeroEx, and Deridex platforms. The three decentralized finance protocols allegedly failed to register various derivatives trading offerings. As stated in the official press release, Deridex and Opyn faced allegations of not registering as a swap execution facility (SEF) or designated contract market (DCM), failing to register as a futures...

Millions of digital assets have been stolen by cyber adversaries via DNS hijacking attacks for phishing purposes, targeting users’ wallet seed phrases, or creating deceptive webpages that closely resemble legitimate sites. Attacks on Domain Name Systems (DNSs) play a crucial role in the internet’s infrastructure, providing insights into security incidents in Web 2 that have directly affected the Web3 industry. However, transitioning to decentralized frontends has emerged as a...

With crypto market apathy in full effect, decentralized finance (DeFi) activity has plummeted across the board in 2023 – all but in one sub-sector. Liquid staking protocols are approaching an all-time high in total value locked (TVL), having appreciated nearly 293% since their June 2022 lows. The Rise of Liquid Staking According to DeFiLlama, liquid staking protocols now hold $20.5 billion in assets – up from slightly over $5 billion 15 months ago. Lido alone boasts $14.1...