In an announcement on Aug 30, Polkadot-powered Defi lending and staking protocol Parallel Finance said that it had raised $22 million in a Series A funding round that valued it at a …
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Polygon to create a decentralized autonomous organization
Ethereum scalability infrastructure developer Polygon said it will form a decentralized autonomous organization, or DAO, for all of its community members, as well as projects in decentralized finance, or DeFi. …
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Anchorage digital adds Ethereum (ETH) DeFi token dYdX
Anchorage Digital announced today that it would be able to take custody of the dYdX governance token on customers’ behalf as soon as the token launches. Anchorage already supports 57 …
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The $600M PolyNetwork hacker ‘is ready to return the funds’
The drama with the largest DeFi hack worth more than $600 million has taken another turn. After the perpetrator dabbled with potentially allowing a DAO to decide where the funds …
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Unchanged cryptocurrency tax bill to be voted this Tuesday
The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation and will impose broad third-party reporting requirements on any crypto firm deemed to be a …
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The Biden Administration backs infrastructure bill draft posing threat to DeFi
The White House has weighed in on the ongoing infrastructure bill debates. The Biden Administration has backed an amendment to the infrastructure bill draft that could pose strict tax reporting …
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Gary Gensler sounds alarm over growing DeFi activity, says SEC seeking to regulate crypto sector
US Securities and Exchange Commission chairman Gary Gensler reiterated his position on the burgeoning decentralized finance sector yesterday, calling for an increased overview of the space while signaling regulations were necessarily …
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Why Thailand’s oldest bank is bullish on DeFi. Let’s find it out
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 …
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Europe growing into DeFi hub as US tightens screws on crypto
Research by Dove Metrics has delved into the European DeFi scene revealing that things are still looking healthy despite the market pullback and increased regulatory pressure. A July 27 report noted that 56 European …
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Goldman Sachs files with the SEC to make a ‘DeFi and Blockchain Equity ETF’
Wall Street megabank is planning to create an exchange-traded fund tied to the performance of companies that are working on blockchain technology and the digitization of finance, according to a …
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