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DeFi Industry Ponders Strategy as Regulators Begin to Circle


2020 hasn’t been good for much, but it has been very good for one thing: decentralized finance (DeFi). The sector has boomed this year. And while DeFi fads have been frequent, it appears that the wider DeFi sector has built up a head of steam, and will prove to be no more flash in the pan. But...

MCS Introduces a Market Maker Program With the Best Benefits in the Industry


PRESS RELEASE. Singapore, November 23, 2020 — MCS (MyCoinStory), a fast-growing cryptocurrency derivatives exchange headquartered in Singapore, announced on November 23 that it has officially launched a market maker program. As a latecomer to the industry, MCS claimed that it has prepared...

Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute


China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, has released its 20th ranking of crypto projects. A total of 37 crypto projects are ranked this time around overall as well as in three separate...

FATF Signals More Pressure on Crypto Industry As It Moves 'Too Slow'


International regulators have hinted that they may seek to block global stablecoins if their operators attempt to launch tokens in jurisdictions beyond their remit. Also, they suggested that they could be prepared to redouble their regulatory efforts as Virtual Asset Service Providers (VASPs)...

SWIFT-based FATF Rules Poor Fit for Crypto Industry, Says V20 Speaker


A speaker at the V20, a crypto conference held parallel to G20 summits, have suggested that the Financial Action Task Force (FATF) so-called Travel Rule and accompanying guidelines may not be fit for purpose – and may be based on outdated, centralized models. The Travel Rule is part of a set...

Hackers Drain $2 Million in DAI From Defi Protocol Akropolis


Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry. The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI. This particular pool allows investors...

Kucoin Recovers 84% of Funds Stolen in $280 Million Hack


Kucoin chief executive officer Johnny Lyu revealed Wednesday that the exchange recovered 84%, or $235 million, of the $280 million stolen in one of crypto industry’s biggest hacks in September. In a tweet, Lyu said the affected funds have been recovered “via approaches like on-chain...

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