Thursday, November 21, 2024
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DOJ Said to Probe Saber Labs Founders Over Solana-Based DeFi, Stablecoin Projects

Saber, the stablecoin exchange and keystone of the brothers’ DeFi ecosystem, continues to operate: its website reported handling $4.4 million in trading volume in the last 24 hours at press time. Ian has worked to maintain that project’s infrastructure, though Saber’s Discord server, where users can go to ask questions

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Australian regulators rattle their saber as adoption takes a major leap: Law Decoded, Aug. 22-29

Australia’s financial regulator, Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The regulator intends to focus on “digitally enabled misconducts” and to protect investors “from harms posed by crypto-assets.” Given the ASIC’s history of

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Wormhole Network Launches Ethereum Solana Bridge, Solana AMM Saber Surpasses $4 Billion TVL – Defi Bitcoin News

On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Network’s ethereum – solana bridge, which means assets between each chain can be intermingled. The launch announcement notes that Saber, the Solana-fueled protocol with more than $4 billion total-value locked (TVL), will support migration from

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Solana based cross-chain exchange Saber raises $7.7M to expand team and tokens

Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round. The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28. The development team is currently a three-person unit and

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