US regulators want to know from the industry on what they think about the financial crimes associated with DeFi. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States regulators want to take a closer look...Continue Reading

New CEO Bobby Moran said there was no evidence that Mike McCaffrey had “improperly” influenced coverage of Sam Bankman-Fried, FTX, and Alameda Research on the news site. Bobby Moran of crypto news website the Block has announced he will be assuming the position of chief executive officer following the resignation of Mike McCaffrey, who reportedly...Continue Reading

According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.” Cryptocurrency trading company FalconX has disclosed that it suffered losses in the collapse of FTX.  According to the company, its assets locked on FTX represent only 18% of its “unencumbered cash equivalents.” However, the company added that this ratio...Continue Reading

Smart contracts functionalities on the Bitcoin network could boost adoption and provide additional liquidity to DeFi. Taproot support across the industry is still crawling one year after the Bitcoin soft fork, indicating a strong potential for innovation and broader adoption of Web3 solutions to be unlocked through the world’s largest cryptocurrency, sources told Cointelegraph.  “Since early...Continue Reading

Bitcoin and most major altcoins remain stuck inside a range as traders keep a close eye on next week’s macroeconomic events. The United States equities markets are headed for a down week as market participants remain cautious ahead of next week’s key consumer price index data for November. The CPI report will be followed by the...Continue Reading

The new disclosure page allows skeptical users to self-verify that their assets are included in the report. Tether (USDT), XRP, Dogecoin (DOGE), Shiba Inu (SHIB), Chainlink (LINK), and Decentraland (MANA) are also included in the report, with each of them having reserves of above 100%. https://t.co/vCNztABJoG releases Proof of Reserves audited results. Mazars Group compared...Continue Reading

Is the U.S. investment bank looking to buy up distressed crypto firms amid the bear market? One of the oldest pieces of contrarian investment wisdom is to buy when there is blood in the streets. If it were that easy, crypto investors would be euphoric at all the buy opportunities right now. If you’re rattled...Continue Reading

Cointelegraph Research asked top venture capitalists and industry professionals, “What is Web3, and what does it mean for the industry?” The third quarter of 2022 saw a reduction in venture capital activity across the entire blockchain industry. Investors appear to be moving away from decentralized finance (DeFi) and into Web3.  The crypto industry tends to...Continue Reading

Bitcoin begins to deal with fresh U.S. macro cues as BTC price steadily holds $17,000 support. Bitcoin (BTC) fell on the Dec. 9 Wall Street open as United States economic data appeared to disappoint markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Attention turns to Bitcoin vs. CPI “big trigger” Data from Cointelegraph Markets Pro...Continue Reading

The former FTX CEO claimed that Binance “threatened to walk at the last minute” without an additional $75 million, accusing CZ of lying about his role in the deal. Binance CEO Changpeng Zhao, or CZ, and former FTX CEO Sam Bankman-Fried, or SBF, have revealed new details about the failed agreement between the exchanges during...Continue Reading