DeFi Archives - Page 21 of 31

Chart depicting the rise in extremist crypto donations in Europe compared to North America.

Revolut Sizes Up Entry Into the Stablecoin Market

September 18, 2024 Dan K

Revolut is reportedly developing a stablecoin to enter the $171 billion market, a move that could reshape the fintech giant’s crypto strategy.

Prager Metis agrees to a $745K settlement with SEC over audit misconduct during the FTX collapse investigation.

Prager Metis to Pay $745K to Settle SEC Charges Over FTX Audit Misconduct

September 17, 2024 Dan K

Prager Metis settles with the SEC, agreeing to pay $745K for failing to adhere to auditing standards during its audit of crypto exchange FTX.

Circle introduces USDC stablecoin for seamless cross-border payments in Brazil and Mexico.

USD Coin (USDC) to Launch on Sui Network, Announces Circle CEO

September 17, 2024 Dan K

Circle expands USD Coin (USDC) to Sui network, leveraging Cross-Chain Transfer Protocol for seamless transfers. Enhanced interoperability for developers.

Circle Activates USDC in Brazil and Mexico to Revolutionize Cross-Border Payments

September 17, 2024 Dan K

Circle expands USDC usage in Brazil and Mexico, enabling direct local currency conversions and faster cross-border payments through PIX and SPEI systems.

Changpeng Zhao and Ella Zhang announce YZi Labs rebranding at a press event.

FBI Confirms Binance Founder CZ to Be Released Next Week

September 16, 2024 Dan K

Binance founder Changpeng Zhao (CZ) will be released on September 29, 2024, signaling a critical moment for Binance and the global cryptocurrency market.

BaseBros Fi's $130,000 rug pull shakes the DeFi community after the protocol vanished, deleting its website and social media accounts.

BaseBros Fi Vanishes: DeFi Protocol Deletes Website

September 16, 2024 Dan K

BaseBros Fi vanished after draining $130,000 via an unaudited contract, leaving investors without access to their funds and deleting its online presence.

Bybit receives provisional approval for crypto operations in Dubai

Bybit Secures Provisional Approval for Crypto Operations in Dubai

September 16, 2024 Dan K

Bybit receives provisional approval from Dubai’s crypto regulator VARA for a VASP license, marking a significant step in its global expansion efforts.

Chinese government building with digital financial symbols representing fintech and cryptocurrency.

China Mulls Stricter Anti-Money Laundering Laws to Monitor New Fintech, Including Crypto

September 15, 2024 Dan K

China is considering revising its anti-money laundering law to monitor emerging fintech, including crypto, after prosecuting 1,391 individuals in 2024.

Blockchain

UTONIC Protocol Secures $100 Million TVL for TON’s First Restaking Solution

September 14, 2024 Dan K

UTONIC Protocol secures $100M in total value locked, advancing TON’s first restaking solution and boosting the decentralized finance ecosystem.

Phuket beach with cryptocurrency icons, symbolizing Thailand’s sandbox initiative for testing crypto in tourism.

Beware of ‘Clipper Malware’: Binance Issues Warning About Crypto Fraud

September 13, 2024 Dan K

Binance alerts users to “Clipper malware,” a rising threat that alters wallet addresses during crypto transactions, causing financial losses if not detected.