SEC chief slams ‘highly centralized’ DeFi projects. Is regulation coming?

The head of the US Securities and Exchange Commission (SEC) Gary Gensler is ready to draw regulatory lines for the decentralized finance (DeFi) sector, saying that many projects are not sufficiently decentralized to escape the agency’s supervision.

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Poly Network offers white hat hacker who stole $600M bounty reward, company position

DeFi project Poly Network promised the hacker, who made off with more than $600 million worth of tokens last week, a $500,000 bounty to restore the funds and offered them the position of “chief security advisor,” CNBC reported.

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Why Thailand’s oldest bank is bullish on DeFi [EXCLUSIVE]

Mukaya “Tai” Panich, Chief Venture and Investment Officer of Siam Commercial Bank’s venture arm SCB 10X, imagines a world in which decentralized finance (DeFi) powers the back-end of traditional finance companies.

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CFTC Commissioner Calls for Crackdown on ‘Illegal’ DeFi

The Commodity Futures Trading Commission chief has declared unlicensed decentralized finance (DeFi) platforms illegal after searching for the term on Google. The post CFTC Commissioner Calls for Crackdown on ‘Illegal’ DeFi appeared first on BeInCrypto.

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Chasing the DeFi hype and ‘apeing’ in yield farms with crypto personality Matthias Mende

Matthias Mende, the chief strategy officer of Block Gemini and the founder of MEMMOS, is a Dubai-based crypto entrepreneur and socialite who believes in founder-driven stories. The post Chasing the DeFi hype and ‘apeing’ in yield farms with crypto personality Matthias Mende appeared first on CryptoSlate.

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Celsius taps top engineering talent to lead DeFi research and development

 Celsius, the industry-leading cryptocurrency rewards-earning platform, today announced Carl Hua as Chief Architect to lead Celsius’ DeFi research and development. Carl Hua joins Celsius with more than a...

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Shopify could become the latest to integrate DeFi ecosystem

Tobi Lutke, Chief Executive Officer of subscription-based platform Shopify, hinted that the subscription-based platform may soon enter the cryptocurrency space. He revealed this via his Twitter handle, adding that he has already started “dabbling” with Ethereum (ETH).

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Shopify Is “Spiritually Aligned With Decentralizing Opportunity,” Says CEO As He “Dabbles” Into Ethereum & DeFi

The latest person to get an interest in decentralized finance (DeFi) is the chief executive officer of the e-commerce company Shopify, which has more than 1 million users. “Hey DeFi Twitter. What are the commerce-related opportunities that you are most excited about? What role do you want Shopify to play?” tweeted Tobi Lutke on Saturday.

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Comptroller of the Currency warns of new risks DeFi faces

The OCC chief wrote an opinion piece for the Financial Times saying the DeFi…

The post Comptroller of the Currency warns of new risks DeFi faces appeared first on Coin Journal.

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Mike Novogratz chooses DeFi projects over Litecoin (LTC)

Litecoin (LTC) is one of the oldest Bitcoin forks, which has been regarded for years as the silver version of Bitcoin’s gold standard. However, it has been met with criticisms in recent times. Bitcoin billionaire and chief executive officer of Galaxy Digital Mike Novogratz is the latest prominent Bitcoin bull to add his input on the matter.

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Defi Protocol Founder Tricked, Hacked for $8 Million in Personal Funds

Nexus Mutual founder and chief executive officer Hugh Karp’s personal wallet address has been hacked for more than $8 million. The attacker, a member of the Nexus defi protocol, tricked Karp into signing a transaction that transferred funds to the hacker’s own address.

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Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’

Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared.

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“Check Out Thorchain (RUNE),” ShapeShift CEO Erik Voorhees Says

The chief executive officer of ShapeShift, Erik Voorhees, is cementing himself as a fan of the DeFi space. Decentralized finance (DeFi) has gained many supporters over recent months, Voorhees being one of them.

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DIA Co-Founder Paul Claudius on providing transparent data oracles for the DeFI economy

CryptoSlate recently had the opportunity to chat with Paul Claudius, the Chief Operating Officer of DIA. The post DIA Co-Founder Paul Claudius on providing transparent data oracles for the DeFI economy appeared first on CryptoSlate.

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Mike Novogratz’s Galaxy Digital Makes DeFi Bet: The ‘Cutting Edge’ of the Crypto Ecosystem

Mike Novogratz, Chief Executive Officer and Founder of Galaxy Digital Investments said all the scams and get-rich-fast schemes in decentralized finance (DeFi) give the cryptocurrency industry a bad name.

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tZERO Chief Talks Record Trading Volume, Eyes Ravencoin and Tezos

Even though the DeFi market has been snatching up most of the attention in the blockchain space lately, there are other market segments that are humming along — including security tokens. tZERO’s Alternative Trading System (ATS), which is licensed to trade private digital securities, just turned in a record month, more than 2.

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Apple censors some Crypto and DeFi features: Brian Armstrong

According to a recent report by the chief executive officer of Coinbase Brian Armstrong, Apple has blocked some of the features of the digital currency exchange. Armstrong revealed that the firm banned some crypto-based features that enable access to decentralized finance apps (DeFi) and earning money via cryptocurrency on its mobile apps.

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Coinbase Chief Calls Out App Store for Anti-Crypto Policies

Coinbase founder Brian Armstrong has come out with a strong public criticism of Apple for its App Store policies, which prevent the app from enabling users to earn cryptocurrency and access DeFi apps.

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‘DeFi Will Migrate to Centralized Platforms,’ Says Dev

Independent developer and consultant Udi Wertheimer believes it’s only a matter of time before Defi projects move off of Ethereum and onto centralized platforms. Wertheimer, who was featured as a guest on the Funky Crypto Podcast with retired MMA fighter Ben Askren and Litecoin Foundation Chief Evangelist John Kim, discussed the recent downturn in the […] The post ‘DeFi Will Migrate to Centralized Platforms,’ Says Dev appeared first on BeInCrypto.

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DeFi Is a ‘Complete Scam,’ Says Controversial Entrepreneur Craig Wright

nChain Chief Scientist Craig Wright has delivered an obscenity-laden interview discussing decentralized finance and stablecoins, calling such projects a "complete scam" and "illegal."

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LEND Rallies Another 20%; Here’s Why It Could Hit a Record High

LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0. 485. Jeff Dorman, the chief investment officer at Arca, credited the LEND economic model behind its 2,000 percent rally this year.

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Huobi Appoints New Chief to Lead Its Recently Launched DeFi Fund

Coinspeaker Huobi Appoints New Chief to Lead Its Recently Launched DeFi FundAs the DeFi market surges at an unprecedented rate, Huobi Group announced a new business unit Huobi DeFi Labs that will manage its investment fund focused on the DeFi space.

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‘Inherently Borderless’: Acting OCC Chief Talks Crypto, State Licenses and DeFi

“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda.

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Ripple’s Development Wing, Xpring, Is Financing A Project To Link XRP To Ethereum

In a blog post Ripple’s senior product chief, Warren Paul Anderson explained why the initiative was hatched. According to the post, it is clear that Ripple is aiming at capitalizing on the opportunities in the Decentralized Finance (DeFi) market on the Ethereum platform.

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