Matt Huang, co-founder of crypto-focused investment firm Paradigm, says he is still devoted to crypto even though artificial intelligence (AI) in his opinion is “too interesting to ignore.” “We’ve never been more excited about crypto and we continue to invest across all stages,” Huang said Tuesday on Twitter, while adding “We’re also a group of…
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It is critical for financial institutions to know who they are trading with when using decentralized finance (DeFi) protocols, asset management giant BlackRock’s head of strategic partnerships, Joseph Chalom, has said. “The first issue is, who am I trading with? […] We go to jail, if we don’t know who we’re trading with,” Chalom told…
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The Autorité des Marchés Financiers (AMF), France’s markets watchdog, has expressed its full support for globally coordinated and transparent regulation in decentralized finance (DeFi). The goal is to protect users and promote the growth of this new and innovative sector…. Read More: Global Crypto Regulations for DeFi Backed by France’s Markets Regulator Read more »Sign…
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Decentralized finance (DeFi) protocol Sturdy Finance has been exploited, but the team has promised that no further action will be taken against the hackers if the money is returned. Writing on Twitter on Tuesday, Sturdy Finance founder Sam Forman said his team has told the exploiter that they are offering a $100,000 bounty if all…
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Privacy-focused blockchain firm Namada is seeking to partner with Osmosis to fund software “public goods” and airdrop its planned NAM token to OSMO investors. In a recent blog post, Namada co-founder Christopher Goes revealed that he has proposed a partnership with Cosmos-based Osmosis that would enrich the respective ecosystems and offer benefits to OSMO token holders,…
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The Ethereum staking provider Lido has proposed a staking mechanism for its native LDO token in an effort to boost the utility and financial sustainability of the token. According to the proposal, posted on Lido’s governance forum on May 17, the staking program will enable token holders to stake LDO in exchange for a share…
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A scam-as-a-service company has siphoned off approximately $6 million worth of crypto assets from unsuspecting users. According to a report from Web3 scam-detecting firm Scam Sniffer, a scam vendor dubbed “Inferno Drainer” has stolen $5.9 million in assets from 4,888 victims across 689 phishing websites targeting popular projects since the start of the year. … Read More: New…
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ConsenSys, the company behind the popular self-custodial crypto wallet MetaMask, has denied allegations that it collects taxes from users. In a Saturday tweet, the company clarified that the rumors were based on ”inaccurate information” drawn from a misreading of MetaMask’s terms of service…. Read More: MetaMask ‘Does Not Collect Taxes On Crypto Transactions’ Says ConsenSys in…
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BitDAO’s native token BIT is set to rebrand to Mantle after the community voted in favor of a proposal seeking to optimize the token ahead of the launch of a new layer-2 mainnet. The measure was approved by a majority vote as part of the BIP-21 proposal, which sought to unify the BitDAO ecosystem under…
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Decentralized exchanges (DEXs) and other aspects of the decentralized finance (DeFi) world can be regulated in the US, even though it is “just code,” according to Commodity Futures Trading Commission (CFTC) chair Rostin Behnam…. Read More: US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges Can Be Regulated – Here’s the Latest Read more »Sign…
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