Today news
About the same in other media
DeFi — the ‘Wild West’ of crypto — is next on regulators’ hit list
Reading now: 605
cnbc.comThe fast-growing decentralized finance industry could be about to get a rude awakening.
Decentralized finance, or "DeFi" as it's commonly referred to, is a trend in cryptocurrencies that first started gaining traction in 2020.
It's been called the "Wild West" of crypto — hoards of computer programmers trying to bring traditional financial products such as loans to the blockchain.
The idea sounds promising. In theory, anyone could lend and borrow digital money at competitive interest rates, with no middle men involved. Investors are lured by the promise of earning up to double-digit percentage yields on savings in certain digital tokens.
But with major hacks and scams plaguing the space this year, regulators are becoming increasingly worried
Read more on cnbc.comAbout this in other media
Lunar (LNR): The DeFi Ecosystem and Reward Token that Filled their 1000 BNB Presale in 15 Seconds cryptonews.com /2 years ago
Moving against the tide, Curve and Crypto.com coin rally on, but how for how long ambcrypto.com /2 years ago
Mystery shopper: the elusive West Ham investor Daniel Křetínský theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
