DeFi

First time in history, a crypto mixer put on the U.S. Sanction list to freeze the flow of stolen crypto in the DeFi space – How effective is it?

Why care? In March the Axie Infinity’s Ronin Bridge was hacked and $625 million stolen, supposedly by North-Korean cyber criminals. What is special of the crypto-hack this time? Its scale, one of the biggest in history, its malicious actors, a Nation-backed criminal cyber group (Lazarus), and particularly its novel means of enforcement. In this short […]

Ethereum & Co. – General-purpose blockchains are more than just payment systems; Markus Hammer in MoreThanDigital

How general-purpose blockchains and other powerful smart-contract platforms are taking the market by storm. Bitcoin is blockchain, but blockchain is not Bitcoin. Today, hundreds of standalone blockchain systems exist, the most powerful besides Bitcoin is Ethereum. As the first general-purpose blockchain, it goes far beyond Bitcoin’s readiness for use as a payment system, virtually single-handedly

The Monsters I created or: Defi under increased regulatory pressure – Markus Hammer in Cointelegraph

Regulators are desperately trying to tame the “monster” Cefi and incumbent financial industry created itself back in 2008 – We remember Financial Crisis > Bitcoin > Ethereum > Smartcontracts > Defi > DAO > … After CFTC s Dan Berkovitz, SEC’s Hester Pierce and others before, this time it is SEC Chair Gensler to call

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