DeFi

FDIC seeking Signet buyer, returning Signature crypto deposits next week

theblock 2023-03-30 78063 views DeFi

· Members of the House Financial Services Committee pressed FDIC Chair Martin Gruenberg over the agency’s handling of crypto following the bankruptcies of Signature Bank and Silicon Valley Bank. · Emmer asked Gruenberg questions about the FDIC’s communication with banks about cryptocurrencies. Members of the House Financial Services Committee pressed Federal Deposit Insurance Corp. Chair Martin Gruenberg over his agency's handling of Signature Bank's digital asset-related business.

Uniswap Goes Live on BNB Chain: Fueling DeFi Growth and Attracting Millions

coinwire 2023-03-29 54705 views DeFi

Uniswap, the decentralized exchange protocol with the highest trading volume, has announced that it is now live on BNB Chain. The deployment of Uniswap Protocol v3 on BNB Chain was made possible after it received 66% of voter support. This move is significant as it has the potential to provide users with more efficient and cost-effective trading options, while also tapping into new geographical markets.

Bitcoin hash rate continues to rise, but DeFi is under threat: Report

cointelegraph 2023-03-16 46419 views DeFi

New hardware is revolutionizing the mining industry, while other crypto sectors continue to falter. The beginning of 2023 raised hopes that the blockchain industry was on the path toward recovery, but weaker-than-hoped financial performance and a bout of negative news in February have cast doubts on this outlook. However, these headwinds do not affect all sectors of the industry uniformly. Nonfungible tokens (NFTs) and security tokens have managed to decouple from the broader environment and showed positive signs in February, but the rest of the market remains cautious.

Coinbase files brief in SEC Wahi case, says it doesn't sell securities but would like to

cointelegraph 2023-03-15 47076 views DeFi

The crypto exchange says in its amicus brief that the accused inside traders can’t answer for its listing decisions in the current regulatory uncertainty. Cryptocurrency exchange Coinbase filed an amicus brief in support of a motion to dismiss the case brought by the United States Securities and Exchange Commission against former Coinbase product manager Ishan Wahi and others for insider trading. Coinbase says it condemns the defendants’ conduct but supports their motion because of the SEC’s assumption that the exchange listed securities on its platform.