Interest Rates in DeFi: How Do Platforms Set Them?
Interest rates in decentralized finance (DeFi) are a critical aspect that shapes participants’ behavior within the ecosystem. Unlike conventional finance, where central banks and regulatory bodies dictate interest rates, DeFi relies on decentralized mechanisms and algorithms. Let’s explore how interest rates are set in DeFi and the factors influencing this dynamic. What are Interest Rates […]
U.S. Joins the Race to Regulate AI After EU’s Landmark Rules
The U.S. is following the EU’s footsteps in developing critical standards for the safe deployment of AI, especially generative AI, which can create realistic content such as images, text, and audio. The U.S. is stepping up its efforts to regulate artificial intelligence (AI), especially generative AI, which is a type of AI that can create […]
Binance Passes SOC 2 Type II Audit, Boosting Its Security
Binance, the world’s largest crypto exchange by volume, has completed the SOC 2 Type II audit, a rigorous assessment of its systems protection and data security by a third-party validator. The SOC 2 Type II audit comprehensively evaluates an organization’s controls and practices in two key areas: systems protection and data security. The audit is conducted […]
Zooko Wilcox Steps Down as CEO of Electric Coin Company
Zooko Wilcox, the CEO of Electric Coin Company, has announced his resignation and handed over the reins to Josh Swihart, the former VP of growth. Zooko Wilcox, the creator of Zcash and the founder and CEO of Electric Coin Company (ECC), has decided to step down from his role after leading the development of the […]
Ripple Receives VASP Operator License in Ireland
Ripple, a cryptocurrency payment network, has achieved an additional regulatory milestone in Ireland with the Central Bank of Ireland’s (CBI’s) approval as a virtual asset service provider (VASP). Ripple recently obtained registration as a VASP with the CBI, enabling it to offer specific digital asset services in Ireland, the company announced on December 19. Ripple […]