Registrations for DeFi and physically-backed Bitcoin ETF are being submitted to the SEC
The Securities and Exchange Commission (SEC) has received two registration statements from crypto businesses requesting approval to market exchange-traded funds (ETF) related to Bitcoin (BTC) and decentralized financing (DeFi). Invesco, an Atlanta-based investment firm, teamed up with Galaxy Digital Funds in New York to file and register the Invesco Galaxy Bitcoin ETF, a trust with […]
Vee Finance loses over $35M in Bitcoin and Ethereum to hackers
Still on DeFi hacks, Vee Finance is the latest project to be affected. The hacker made away with more than $35M worth of Bitcoin and Ethereum. All services have been paused with an investigation ongoing. Vee Finance was the second victim in the season of Defi Hacks. Last night, the Defi lending network for traditional […]
Estonian DeFi platform Minterest protocol raises $6.5m
DeFi lending platform Minterest just raised $6.5 million from a fundraiser, the platform aims to channel all fees, interest, and revenue back into the protocol for its users. A number of venture capital firms, including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital, and others, contributed to the private financing round. The Estonian team plans […]
Polychain and Three Arrows Capital leads a $230M fund for Avalanche Foundation
The Avalanche Foundation has announced a $230 million investment from a venture capital consortium led by Polychain and Three Arrows Capital to promote the development of the DeFi ecosystem. Since its introduction in September 2020, Avalanche has grown in prominence in the DeFi space , with its smart contracts platform currently powering over 270 industry […]
Crypto and DeFi cause disintermediation in the banking system – OCC head
The head of the Office of the Comptroller of the Currency (OCC) said cryptocurrency and decentralized finance (DeFi) activities among others are factors contributing to the disintermediation of the banking system. Acting Comptroller of the Currency Michael Hsu presented remarks on the issue of banking trust on Sept. 15 at a meeting of the Exchequer […]