If you can believe it, scams and Ponzi schemes have existed and thrived in the cryptocurrency industry well before the recent speculative exuberance around decentralized finance (DeFi), non-fungible tokens (NFTs) and token launches on blockchains like Binance Smart Chain. For sure there are a lot of sketchy “profile pic” projects (PFPs) and questionable economic games played … [Read more...] about Is Crypto a Ponzi? Define 'Ponzi'
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US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill
A bipartisan group of U.S. Senators want Treasury Secretary Janet Yellen to specify how the finance ministry will define a “broker” for crypto tax reporting purposes.In an open letter published Tuesday, Senators Rob Portman (R-Ohio), Mark Warner (D-Va.), Mike Crapo (R-Idaho), Kyrsten Sinema (D-Ariz.), Pat Toomey (R-Pa.) and Cynthia Lummis (R-Wyo.) wrote that the crypto industry … [Read more...] about US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill
US Regulators Plan to Define Legal Bank Activities Around Crypto in 2022
Over the next year, the group plans to “provide greater clarity” on whether custody, purchase/sale, loan, stablecoin issuance and holding crypto assets are legally permissible for regulated institutions, and how banks should comply with laws if so. Source link … [Read more...] about US Regulators Plan to Define Legal Bank Activities Around Crypto in 2022
As Yearn.Finance’s yield vaults grow, ‘crop’ projects define boundaries
With millions and even billions of dollars at stake, industrial-scale yield farming is leading to pockets of resistance as some projects refuse to be left with the chaff. In the past week, team members from no-loss lottery project PoolTogether and exchange liquidity pool provider Curve Finance have proposed ways to reduce the load Yearn.Finance strategies place on their … [Read more...] about As Yearn.Finance’s yield vaults grow, ‘crop’ projects define boundaries