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The Securities and Exchange Commission today charged BlockFi Lending LLC (BlockFi) with failing to register the offers and sales of its retail crypto lending product. In this first-of-its-kind action, the SEC also charged BlockFi with violating the registration provisions of the Investment Company Act of 1940. To settle the SEC’s charges, BlockFi agreed to pay […]
Poly Network said Wednesday that assets worth around $260 million have been returned. In a series of lengthy question-and-answer posts about the heist on a blockchain account used to hijack the funds, the purported hacker or hackers claimed that they were always planning to return the funds. “I am not very interested in money! I […]
Cross-chain protocol Poly Network has been hacked for $611 million in the largest DeFi hack to date. “We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon,” tweeted Poly Network today, adding, “We call on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the above addresses.” Source: […]
Money manager Vladimir Vishnevskiy can earn a negative interest rate for holding a European government bond. Or he can pocket the annual equivalent of a 20% yield for locking money up in one of the wilder corners of the crypto market, known as decentralized finance, or DeFi. Source: DeFi Platforms With Names Like SushiSwap Aim […]