Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was dominated by exploits and hacks, with three DeFi platforms losing nearly $39 million. Alphapo’s hot wallets…
The United States Securities and Exchange Commission’s (SEC) Commissioner Hester Peirce questioned why the regulator wants to discourage good-faith efforts to provide more transparency for the cryptocurrency industry in a July 27 tweet. Peirce was reacting to a statement from the SEC chief accountant, Paul Munter, who warned that accounting…
Proof of humanity protocol Worldcoin released its audit reports on July 28 as criticism of its data collection practices continues to mount. The new reports were conducted by security consulting firms Nethermind and Least Authority. According to an accompanying announcement from Worldcoin, Nethermind found 26 security issues with the protocol,…
Alameda Research, a bankrupt crypto investment firm, is soliciting the support of claimants holding 10% of Grayscale’s Bitcoin Trust (GBTC) shares in its ongoing lawsuit against the crypto investment management company and its parent firm, Digital Currency Group (DCG). Alameda has announced plans to file an amended complaint against Grayscale.…
Scanning your iris to become a “verified human” in exchange for digital currency sounds like a Black Mirror episode. But this is not the story arc of a dystopian science fiction show — it’s happening now with one of the latest projects in Web3. The launch of Worldcoin on Optimism…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…
The German Federal Financial Supervisory Authority, or BaFin, reportedly advised crypto exchange Binance to withdraw its licensing application based on concerns with CEO Changpeng Zhao (CZ) and the firm’s structuring. According to a July 28 report from The Wall Street Journal, BaFin advised Binance that Zhao may not have passed…
Quick Take Valkyrie Bitcoin Miners ETF: The Year’s Star Performer According to Athanasios Psarofagis, the Valkyrie Bitcoin Miners ETF has distinguished itself as the top-performing ETF of 2023. As of July 27 data, the fund has a staggering $24 million in assets under management and has yielded an impressive return…
The year 2022 was not a very good year for Cosmos and its vision of inter-blockchain communications (IBC). The collapse of the Terra Luna ecosystem (the biggest protocol on Cosmos at the time), tension between co-founders and a fall in the token’s price all cast a shadow on its future…
Crypto market maker Wintermute is eyeing an expansion into Singapore after co-founder Yoann Turpin revealed that he would be moving to the Asian country alongside some staff members, Bloomberg reported on July 27. Wintermute is much more focused on Asia Turpin explained that the firm was becoming more focused on…