Itaú Set to Develop a DeFi Liquidity Pool
As part of the Financial and Technological Innovation and Technology Laboratory, Banco Central do Brasil chose Itaú and seven other projects. A decentralized finance (DeFi) liquidity pool from Itaú Unibanco, the biggest private bank in the nation, was chosen by the central bank of Brazil as one of eight new initiatives for its most recent […]
FBI warns crypto investors about security vulnerabilities
This FBI warning comes after a number of hacks on DeFi this year, which caused investors to lose crypto worth billions of dollars. The Federal Bureau of Investigation (FBI) has asked decentralized finance (DeFi) platforms to improve their security and warned investors about the holes in these platforms. The FBI’s warning comes as DeFi platforms, […]
COO of Pantera Capital quits after only two months
Only two months have passed since Shah started in the position, and one month has passed since Joe Cisewski, chief counsel of Pantera, left. According to his LinkedIn profile, Samir Shah resigned from his position as a chief operating officer at Pantera Capital after only two months on the job. Shah, who spent over 13 […]
Singapore court judges acquisition suit in Bithumb founder’s favor
The court drama surrounding the acquisition of the South Korean cryptocurrency exchange Bithumb has been ongoing for several years. A Singapore court has issued a decision against Kim Byung-gun, who had initially accused Lee Jung-hoon, the owner of Bithumb, of defrauding him. A court in Singapore found Kim guilty of selling BXA coins without the […]
Sources: SEC Chair, CFTC will be scrutinized over crypto bill
The U.S. SEC Chairman, Gary Gensler, has come under fire for how he has handled the cryptocurrency industry. Many influential figures have spoken out in favor of clear restrictions on digital assets. According to Fox Business Journalist Eleanor Terrett, the SEC Chair will be subject to testimony. She did, however, add that according to her […]