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Bank for International Settlements (BIS) Report Says DeFi Has Failed to Fulfill Its Promise

The Bank for International Settlements (BIS) has released a report criticizing decentralized finance (DeFi) for failing to fulfill its promise as an alternative to traditional finance. The report suggests that DeFi has not harnessed innovation for the benefit of society and has only amplified financial risks. The BIS advises authorities to impose more regulatory guardrails on the crypto sector.

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Jul 14, 6:21 am

DL News

Bank for International Settlements (BIS) Report Says DeFi Has Failed to Fulfill Its Promise

The Bank for International Settlements (BIS) has released a report criticizing decentralized finance (DeFi) for failing… Read Summary

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Jul 14, 6:00 am

Coindesk

PUMA, Roc Nation, and Legitimate Release NFC-Embedded Sneaker Collection to Celebrate Hip-hop’s 50th Anniversary

Legitimate, PUMA, and Roc Nation have collaborated to release a sneaker collection called Evolution of the Mixtape. The… Read Summary

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Jul 14, 3:12 am

Cointelegraph

Indonesia Plans to Launch National Cryptocurrency Exchange, Requiring All Transactions to Take Place on the Platform

The government of Indonesia is set to launch a national cryptocurrency exchange in the coming weeks, according to the co… Read Summary

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Jul 14, 5:00 am

Coindesk

FTX, Celsius Network Users Can Now Trade Claims on OPNX for Immediate Liquidity

Users who held assets on bankrupt crypto exchange FTX and lender Celsius Network can now trade their claims on the Open… Read Summary

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Jul 14, 2:53 am

The Block

Bitwise’s Spot Bitcoin ETF Application Has Been Acknowledged by SEC

The SEC has acknowledged Bitwise’s spot bitcoin ETF application, which was amended and refiled on June 28. Bitwise’s Chi… Read Summary

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Jul 14, 3:47 am

Decrypt

Major Exchanges Reintroduce XRP Trading After Ripple Court Ruling

Major exchanges such as Kraken, Crypto.com, and Bitstamp have reintroduced XRP trading following a court ruling that dec… Read Summary

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Jul 14, 3:19 am

Decrypt

Former Celsius Network CEO Alex Mashinsky to Be Released on Bail After Being Charged With Fraud

Alex Mashinsky, former CEO of Celsius Network, will be released on bail after being charged with fraud. He has agreed to… Read Summary

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Jul 14, 3:01 am

wwd.com

Christie’s, Gucci Partner for Auction of 21 NFTs Exploring Generative Art and Fashion

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Jul 14, 3:01 am

Decrypt

Multichain Protocol Shuts Down as CEO’s Arrest and Lack of Funds Lead to Operational Issues

The Multichain MULTI bridge protocol has ceased operations due to a lack of funds and the arrest of its CEO, Zhaojun, by… Read Summary

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Jul 13, 11:56 am

Decrypt

Ethereum Passes $2,000 Amid XRP-Led Market Boom

The recent ruling that XRP should not be considered a security has led to a surge in the broader cryptocurrency market…. Read Summary

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Jul 13, 11:38 am

Decrypt

Circle CEO Says US Dollar Will Lose Global Dominance Without Stablecoin Legislation

Circle CEO Jeremy Allaire warns that if stablecoins are not protected, the US dollar will lose global dominance. Allaire… Read Summary

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Jul 13, 11:11 am

Coindesk

Gemini Says It May Relist XRP After Court Ruling

Gemini is considering relisting Ripple’s XRP token after a U.S. federal court ruled that the sale of XRP on exchanges is… Read Summary

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Jul 13, 11:11 am

Decrypt

Solana, Cardano, Polygon All Surge After XRP Ruling

Following a federal judge’s ruling that XRP is not a security in certain contexts, altcoins like Solana, Polygon, and Ca… Read Summary

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Jul 13, 10:00 am

Decrypt

CryptoPunk-Themed DJ Seedphrase Signs With WME

Seedphrase, a DJ who’s known for wearing a helmet based on his rare CryptoPunks NFT, has signed with talent agency WME a… Read Summary

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