Tether Halts USDT Redemption For Select Singapore Customers
Tether states that ‘Cake DeFi’ was founded to be controlled by another corporation in Singapore, not to redeem USDT. Reportedly, Tether’s service (ToS) conditions in Singapore have been modified. A 25 September email from the CEO of the decentralized finance protocol Cake DeFi reveals modifications to the company’s terms of service prohibiting certain customer bases […]
DeFi Protocol Balancer Frontend Under Attack
At 11:49 UTC on September 19, the platform advised its community to refrain from interacting with the protocol Balancer until further notice. Balancer, a decentralized finance protocol based on Ethereum, cautions users to avoid its website following an attack on its frontend. At 11:49 UTC on September 19, the platform notified its community, requesting that […]
Cosmos Hub Adds Liquid Staking
The upgrade incorporates a liquid staking module, thereby removing the previously enforced 21-day locking period for unstaked ATOM tokens. Cosmos Hub, a blockchain component of the Cosmos Network, has been upgraded to introduce a liquid staking module, allowing users to circumvent the previous 21-day unbonding period by unstaking ATOM ATOM funds. The native token of […]
Expert: Blockchain Could Have Averted Nigeria’s Naira Scarcity
Christopher Eniayemo Suggests DeFi Could Have Guided Decision to Print New Naira Notes, Involving Nigerians in the Process. A collection of local blockchain experts cited Nigeria’s currency flow shortage as an example of how blockchain technology can assist in resolving economic issues in Nigeria and across the African continent. At the Stakeholders in Blockchain Technology […]
CFTC Targets DeFi Platforms For Illegal Crypto Derivatives Trading
The US CFTC identifies three DeFi platforms that facilitated illicit trading of digital asset derivatives and violated agency rules. The U.S. Commodities and Futures Trading Commission, has taken enforcement actions against three decentralized finance (DeFi) firms for the alleged illicit trading of digital asset derivatives. On Thursday, September 7, the CFTC charged three DeFi firms […]