Crypto market stumbles amid arrest of Samourai Wallet founders

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The FTX collapse has created a sense of uncertainty among large and retail investors alike, who are not very sure whether they should keep their funds on centralized exchanges or…

Thursday, August 30: following the week’s brief uptick, crypto markets are today seeing widespread corrections, with the top ten coins by market cap losing between 1.5 and 5 percent on the day. All but 13 minor alts among the top 100 ranked cryptos are in the red, as Coin360 data shows.Market visualization from Coin360Bitcoin (BTC)…

The chairman of the European Securities and Markets Authority (ESMA) — the European Union-level financial markets supervisor — has said that he supports further regulations on digital assets, political news outlet Roll Call reported on Feb. 27.Delivering his speech at the FinTech Conference 2019 earlier this week in Brussels, Belgium, ESMA Chairman Steven Maijoor reportedly…

The company's complaint to the New York regulator reportedly came before the SEC's lawsuit against Paxos over BUSD and NYDFS ordering the firm to "cease minting" the stablecoin. 498 Total views 10 Total shares Own this piece of history Collect this article as an NFTNew York State’s Department of Financial Services, or NYDFS, reportedly received…

Qtum is "one step closer" to realizing its DeFi ambitions. 2081 Total views 4 Total shares Long-standing smart-contract platform Qtum will be home to a new decentralized exchange on Friday after QiSwap, an independent liquidity protocol, completed its testnet phase. Qtum indicated in a recent press release that the integration of QiSwap has moved the platform…

The Mayor-elect said he plans to make New York the “center of the cryptocurrency industry” after he takes office in January. 362 Total views 12 Total shares New York Democrat Mayor-elect Eric Adams revealed on Twitter today he intends to take his first three paychecks in Bitcoin. Adams also doubled down on his plans to…

The firm traditionally focuses on gaining exposure to NFT assets, but is keen to expand its portfolio to the metaverse space amid its recent emergence into the public discourse. 913 Total views 11 Total shares Nonfungible token, or NFT, investment firm Sfermion has announced a secondary funding raise of $100 million — appropriately titled Fund…

Cryptocurrency hardware wallet manufacturer Bitfi has officially closed its bounty program, according to an August 30 tweet, in addition to removing the “unhackable” claim from the wallet’s marketing materials.In its statement, the company admitted "vulnerabilities," and yet avoided speaking about multiple alleged hacks of the device. Bitfi also confessed to hiring a "Security Manager who…

Mt. Gox’s creditors will meet today, March 25, as part of a compensation process that seems to go on and on. This news comes at a unique time: amid a pandemic and with the world on the brink of economic crisis. It calls to mind again the 2014 collapse of Mt. Gox, the Japan-based cryptocurrency…