Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B
The firm, which provides crypto financial services to institutional investors, is valued at $2 billion. Source
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Finance
G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation – Regulation Bitcoin News
The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST. G7 Countries Calling for Swift, Comprehensive Regulation of Crypto Assets The finance ministers and central bank
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DeFi Protocol iZUMi Finance Raises $30M, Launches Exchange
The new funding included $20 million from institutional investors IV Ventures, Cobo and Mirana, among others. More than half of that total came from a voucher sale on the bond-focused Solv Protocol. iZUMi also sold $4 million BUSD worth of the vouchers and an additional 5,000 in BNB, which is
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What is Compound fork Hundred Finance and can it regain momentum?
On March 15, the lending protocol Hundred Finance was hacked on the Gnosis chain, losing 2,363 ETH. Immediately, Hundred Finance paused all markets on the chain.Prior to the hack, Hundred Finance was a relatively small DeFi protocol on Gnosis, with highest $313M TVL. As a fork of Compound, its features
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Crypto Should Meet Same Norms as Regular Finance, G7 Says
The missive also called for implementation of the Financial Action Task Force (FATF) travel rule, a controversial anti-money laundering provision that jurisdictions, such as the European Union, are currently legislating for, and for "stronger disclosure and regulatory reporting, for instance, as regards reserve assets backing stablecoins." Original Source
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Curve Finance Proposes to End CRV Token Emissions on All UST Pools
4pool was launched in early April and is composed of two decentralized stablecoins, UST and Frax Finance's FRAX, and two centralized stablecoins, USD coin (USDC) and tether (USDT). Vocal backers included Terra's Kwon, who even tweeted that the 4pool’s “goal is to starve 3pool,” the biggest Curve pool. Source
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G-7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report
The FSB, an international body based in Basel that was responsible for generating many of the post-2008 financial norms, had previously promised a report on the regulation, supervision and oversight of global stablecoins for October of this year. The FSB's leader, Klaas Knot, has already volunteered to write a crypto
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Charles Stanton, CMO Bondly Finance on Rebranding to Forj Network
Bondly Finance and Animoca Brands have recently announced Bondly Finance’s rebrand to Forj. Previously the brand has led the way in the NFT space through several innovative partnerships and today we’re speaking directly to Charles Stanton, the Chief Marketing Office at Forj to learn more about the launch, what changes we can
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‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance
Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in a few weeks. If adopted, the TFR would, according to experts, impose a vast financial surveillance
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Dutch Finance Official Wants to Ban Retail Investors From Trading Crypto Derivatives
“I maintain that the trade in crypto derivatives should be restricted to wholesale trade,” said Paul-Willem van Gerwen, head of Capital Markets and Transparency Supervision at the Dutch Authority for Financial Markets (AFM). He cited the risks of markets that are opaque, and prone to manipulation and other criminal activity. Original
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