1 / 11 Relevant items tagged with #DecentralizedFinance

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SEC Charges Defi Platform Rari Capital and Founders

[yesterday 9:20 PM] The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves…

Experts: Defi Thrives Where Banks Falter, Fragmentation a Hurdle

[yesterday 3:45 AM] The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally…

Liquid Staking Absorbs 400,000 ETH, Closing in on 14M Mark

[Sep 17 3:45 PM] According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $5.07 billion. Despite this decrease, ethereum continues to pour into liquid…

Bitcoin L2 BOB Launches ‘One-Click’ BTC Staking Solution

[Sep 16 9:21 PM] BOB (Build on Bitcoin), a hybrid layer two (L2) solution integrating Bitcoin and Ethereum, has launched BOB Stake, a new one-click bitcoin staking product. The platform allows users to stake bitcoin (BTC) and utilize Liquid Staking Tokens (LSTs)…

Defi Platform Delta Prime Loses $4.9 Million in Hack

[Sep 16 1:20 PM] According to Cyvers, Delta Prime, the decentralized finance (defi) platform, lost just over $5.9 million after a hacker took control of a private key on Sept. 16. Detailing the incident, Meir Dolev, the CTO of Cyvers, said the hacker initiated the…

Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

[Sep 12 6:30 PM] Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in…

Ramp Network Expands Crypto Services to All 50 US States

[Sep 10 8:30 PM] Ramp Network, a fintech company, has extended its cryptocurrency purchasing services to encompass all 50 U.S. states, including the District of Columbia. This growth, Ramp explained on Tuesday, broadens its user base by adding support for 17 more…