US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined

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The DeFi market had a volatile week, with several tokens in the top 100 trading in the green while many others posted a net loss on the weekly charts.

According to a discussion at the 151st Ethereum Core Developers Meeting on Dec. 8, core programmers have set a tentative deadline of March 2023 for Ethereum’s Shanghai hard fork. In addition, developers will aim for May or June 2023 to launch the Ethereum Improvement Protocol 4844 upgrade that will introduce proto-danksharding to the network.

A series of seemingly unrelated incidents occurred on Dec. 2 when a hacker manipulated vulnerabilities in Ankr’s smart contract code and compromised private keys after a technical upgrade. As a result, the hacker minted 20 trillion Ankr Reward Bearing Staked BNB , which was pegged to BNB and dumped them, with the price of aBNBc plunging to less than $2 from around $300.

 

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Stakers will be able to earn Chainlink tokens as they participate in a decentralized alerting system. Is this a good way to incentivize network participation?

Ankr protocol has deployed $15 million to buy back the bad debt resulting from its recent exploit. How do you think this will impact the Ankr token?

FinCEN wants to take a closer look at money laundering and terror financing laws as they relate to DeFi. Do you think this will lead to stricter regulations in the space? 🤔

Chainlink is using staking to increase the security of its oracle services. Will this help improve the reliability of DeFi applications?

Ethereum developers are targeting the end of March for the Shanghai hard fork. Are you ready for the upgrade?

US regulators are seeking feedback on the financial crimes associated with DeFi. What do you think they will find?

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This DeFi project created a way to bet on the entire NFT marketIn this episode of The Scoop, Cryptex co-founder Joe Sticco shares the details behind the upcoming JPEGz NFT index token, including why the index token is a good way to speculate on the future growth of the NFT sector. no I think it only covers the subset of NFTs on ethereum, not the whole market by any means.
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