DeFi


Opinion

What's Wrong With PayPal's Stablecoin?

If PYUSD is to gain true and lasting traction, the newly minted stablecoin issuer needs to address certain centralization concerns, Kima Chief Technology Officer Guy Vider writes.

The ability to transfer all PYUSD user funds into PayPal may leave crypto natives hesitant to adopt the stablecoin. Oliver Buchmann/Unsplash)

Finance

Dunhill Family Office Makes Bear Market Bet on Crypto

The family office is investing through its Dunhill Ventures subsidiary into Lichtenstein-regulated VC firm Mocha Ventures.

(Unsplash)

Opinion

Will the CFTC Blot Out DeFi in the U.S.?

Recent actions by the agency raise impossible questions for decentralized finance platforms.

The U.S. Commodity Futures Trading Commission would be granted far-reaching authority over crypto trading and regulation in a new Senate bill. (Jesse Hamilton/CoinDesk)

Policy

CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep

The U.S. derivatives markets regulator targeted three companies, including one from which the CFTC hired a lawyer who ran its technology research division.

(Jesse Hamilton/CoinDesk)

Finance

Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base

OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base.

Insurance (Vlad Deep/Unsplash)

Policy

Find Who’s Responsible for DeFi Projects and Regulate Them, Global Securities Body Says

IOSCO worries decentralized financial applications could harm investors and markets – and casts doubt on their main premise

International standard setters at Iosco have proposed DeFi rules (Andriy Onufriyenko/Getty Images)

Tech

Publicly Traded Korean Firm Neowiz To Build Games on Avalanche Network

Intella X, Neowiz’s Web3 arm, has joined Avalanche Arcad3 to build blockchain games in the crazed market.

(Oatawa/Getty Images)

CoinDesk Indices

DeFi and Credit Risk

This potentially disruptive sector must set aside some of its lofty ideals, for now, and focus on financial solutions with demonstrable global demand and adoption.

(Alina Grubnyak/Unsplash)

Finance

DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce

Synapse's SYN token recovered its losses after 9 million were sold by a liquidity provider identified as Nima Capital by the protocol.

SYNUSD price chart (TradingView)

Tech

Anoma Foundation Plans to Launch Privacy-Focused Namada Blockchain

The mainnet joins the ranks of at least 50 other blockchains in the crypto ecosystem as of Tuesday.

Awa Sun-Yin of Anoma Foundation (Korea Blockchain Week)