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Blur shared that the product was created in collaboration with Dan Robinson, Head of Research at venture capital firm Paradigm and investor in decentralized exchange (DEX) Uniswap V3, alongside pseudonymous research associate Transmissions, who has previously contributed to building the marketplace protocol Seaport. Paradigm is the lead investor in Blur. Source
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The Federal Deposit Insurance Corporation (FDIC) has requested Cross River Bank – known for its services to fintech and crypto firms like Visa and Coinbase – to "self-correct" and appropriately address weaknesses in its lending activities.On April 28, the FDIC made public a consent order executed with Cross River Bank on
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The tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom as the taxation arm of the Treasury is seeking input on a possible new regime.An April 27 consultation by HM Revenue and Customs will run until June 22 and asks
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Regulators around the world have cast their eyes on DeFi, and policymakers have "highlighted specific risks including cyber risks and other technical risks, as well as increased dependencies between traditional and decentralized financial systems and a lack of backstops in periods of market stress," HMRC said. Original Source
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Maker, one of the largest decentralized lending protocols, is led by a decentralized autonomous organization (DAO), in which holders of its native maker (MKR) token vote on proposals. The protocol also issues the $5 billion DAI stablecoin, backed by some $7 billion worth of assets in Maker’s reserves. Original Source
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TransUnion, one of the three major United States credit reporting agencies, announced on April 20 that it would begin supplying credit scoring to public blockchain networks. Off-chain credit data have not previously been available to Web3 and decentralized finance (DeFi) applications.In the new TransUnion service, credit information will be made available
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TransUnion, one of the largest credit agencies in the U.S., will provide off-chain credit scores for blockchain-based loan applications in a way that maintains the privacy of consumers. Source
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US individuals and business entities may not have access to the offering. Blockchain-based lender Maple Finance has introduced a United States Treasury pool designed specifically for non-US accredited investors. According to a blog post where it shared the announcement, the new cash management pool will allow investors to invest in one-month
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The hacker was able to withdraw more tokens than were initially deposited. There appears to be a rising case of DeFi exploits and multichain lending protocol Hundred Finance may be the latest victim. According to a recent announcement by the protocol, attackers found a loophole to successfully manipulate the exchange rate
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Multichain lending protocol, Hundred Finance, was hacked on Ethereum’s layer-2 scaling solution, Optimism, resulting in a loss of approximately $7.4m. Hundred Finance hacked On April 15, the DeFi platform announced that it had contacted the hacker and collaborated
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