SEC’s staking crackdown has uncertain consequences for DeFi: Finance Redefined

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DeFi ecosystem saw a new bullish resurgence, even when its future is at stake due to the SEC’s crackdown on crypto staking.

insights — a newsletter crafted to bring you significant developments over the last week.

Cybercriminals used various methods to siphon funds through hacks and exploits in 2022, amounting to over $2.8 billion in losses. The second week of February saw the Platypus protocol exploited, leading to losses of $8.5 million. In another exploit-related update, the hacker behind Mango Markets wants to keep disputed funds paid as a bug bounty.

The DeFi market saw a new bullish wave thanks to a price rally by Bitcoin and other altcoins. The recent price rally helped the DeFi market regain its $50 billion total value locked.A crackdown by the U.S. securities regulator on crypto staking could have unintended consequences for decentralized finance, according to the head of business development at Lido DAO.

Cybercriminals used a variety of novel ways to carry out hacks and exploits in 2022, with over $2.8 billion of cryptocurrency stolen.

 

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FTX Japan is taking steps to enable withdrawals for users, including account verification and transfers to the FTX-owned Liquid Global platform.

DeFi has been resilient in the face of regulatory challenges, with continued growth and bullish sentiment in the ecosystem.

DEFI is definitely the future. But it will be many years before anything can become established.

The Sex will struggle to take down defi, especially as time goes on and more pro crypto people get into the top jobs. Sec needs to stop overstepping

Cardano has the best staking

I love fast, fast, secure, low low gas fees, green friendly DeFis. Seriously.... Fast and Green and Cheap fees... bring it on!!! DeFi is the future... FAST, SECURE and GREEN

A crackdown by the U.S. securities regulator on crypto staking could have unintended consequences for decentralized finance, according to the head of business development at Lido DAO...

Ah, nothing like a bullish resurgence when our future is uncertain.

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