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The U.S. Department of Treasury issued a stark warning, stating that the rise of decentralized cryptocurrency markets poses a significant threat to national security, with concerns ranging from illicit activities to financial stability risks. The U.S. Department of Treasury (DoT) recently released a statement expressing concern over the impact of decentralized
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The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls
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A new report from the United States Treasury Department analyzing decentralized finance concluded that actors from the Democratic People’s Republic of Korea as well as other scammers are able to exploit vulnerabilities to facilitate money laundering.In its ‘Illicit Finance Risk Assessment of Decentralized Finance’ report released on April 6, the
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The Treasury's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime. Source
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Pendle uses a dual-token model that breaks up and represents any investment into a decentralized finance (DeFi) protocol, such as Compound or Aave, into two parts: one, the initial principle put up by an investor, and two, the future yield expected to be earned on that position in the form
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The seed round was led by Pantera Capital, with participation from Road Capital, AirTree, Standard Crypto, The SALT Fund (part of the Skybridge/Scaramucci family), ParaFi Capital, Distributed Capital, Kraynos Capital, Earlybird, and Mouro Capital (the venture capital arm connected to the Santander Group). Source
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The total amount of funds bridged to zkSync reached $115 million within 10 days of the public mainnet launch as users rush to farm the airdrop of the Ethereum rollup’s expected native token, per L2BEAT data.The zkSync era mainnet was launched one day after the March 24 Arbitrum airdrop. The
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Other participating investors in the round included HashKey Capital, SaxeCap, Beco Capital, Alves Ventures, VC3 DAO, CapitalX, Cerulean, Cogitent, Picks & Shovels, Lecca, Imperator, Helikon, Basis Set, Broadhaven, TokenMetrics, MeteorCap, Acacia Digital, and Cosmostation. Source
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S&P Global is looking for a decentralized finance (DeFi) director who will collaborate with Chuck Mounts, S&P Global’s chief DeFi officer. Decentralized Finance (DeFi) is a fast-growing sector within the blockchain and cryptocurrency industry that seeks to provide traditional financial services, like lending and yield-bearing securities, in a decentralized and open
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Pedro Herrera says with failures in the banking system and centralized exchanges facing regulatory scrutiny, there is a renewed interest in decentralized finance. Source
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