Insights and advancements at the advent of decentralized finance.

Jul 25, 2023

DeFi

DeFi Project Atlendis Lands $1M Loan From French National Bank BPI

French DeFi platform Atlendis has hit two significant milestones in its quest to reshape the future of finance. First, it obtained a PSAN, the French equivalent of a crypto services provider license, demonstrating its commitment to complying with France’s crypto regulations and aligning with the upcoming European regulations, MiCA. Notably, the PSAN registration served as a model for these new rules. Polygon-based Crypto Lender Atlendis Taps Fintech Banxa in New V2 Roll Out The second milestone…

by Mattis Meichler · 3 min read

Jul 21, 2023

DeFi

Hackers Drain $3 Million in Ethereum From DeFi Protocol Conic Finance

Hackers have hit decentralized finance (DeFi) protocol Conic Finance with an attack and drained 1,700 Ethereum—worth over $3.2 million at current prices. In a Friday tweet, the protocol said it was “continuing to investigate the root cause of the exploit and are consulting with relevant parties.” The team behind the DeFi protocol later said the root cause was a “re-entrancy attack,” adding that “a fix to the affected contract is being deployed.” In a follow-up, the team claimed that withdrawals…

· 3 min read

Jul 19, 2023

DeFi

Bipartisan Bill Would Give US Treasury Authority Over DeFi

A bipartisan group of Senators introduced a bill on Wednesday that would require decentralized finance (DeFi) services to abide by the same compliance rules as financial firms like banks and centralized crypto exchanges. The legislation, sponsored by Jack Reed (D-RI), aims to reign in “criminals, drug traffickers, and hostile state actors such as North Korea,” who’ve used decentralized finance for nefarious purposes, according to a description of the bill reviewed by Decrypt. Named the Crypto-As…

by André Beganski · 3 min read

Jul 17, 2023

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