Once crypto survives this scandal, the overall winner will be a healthier foundation on which we can build upon, minus the excess leverage and fraudulent actors.

Investment firm Paradigm is still optimistic about crypto’s potential following the collapse of FTX. “The blowup of FTX has caused some to question crypto’s value. But the issues at FTX are precisely ones that decentralized finance [defi] can solve through increased transparency and security,” the firm’s co-founder emphasized.

Decentralized finance is not just about tokenizing assets and trading them across borders.

Ethereum co-founder Vitalik Buterin has sounded a warning against the pitfalls of decentralized finance (Defi) and self-custody, namely of bugs in smart contract code, in a post from his verified Twitter account.

The Department of Justice doesn’t want lawyers tipping off their clients about investigations, a representative cautioned.

Market map of companies providing identity verification for digital account onboarding in financial services.

People are making money off crypto through “bounties” hosted by crypto platforms.

DeFi remains unusable for all beyond a niche community, writes Dennis Jarvis of Bitcoin.com. ‘Should it stay like this, it will never attract a wide audience.’

Huobi is currently holding 32K BTC, 274K ETH, 820M USDT, 9.7B TRX.

Decentralized finance tokens provide crypto users with access to a number of bank-like services such as loans, lending and insurance.