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.
DeFi will be in focus during the inaugural Commodity Futures Trading Commission (CFTC) tech advisory meeting, where a panel will “explore issues in decentralized finance.”
Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solution to the public nearly a year after announcing its development.
The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts claims to have packed up shop, saying it was “time to move on to something better.”
In another DeFi exploit-related development, Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit. The French police have arrested two suspects and seized 210,000 euros ($223,000) worth of crypto in connection with the Platypus exploit.
The DeFi market had a bearish start to March, where the price slump on Thursday wiped out most of the gains from the top 100 DeFi tokens. Barring a few, most of the top 100 tokens traded in the red on the weekly charts.
Decentralized finance to be examined at inaugural CFTC tech advisory meeting
The United States commodities regulator is set to take a close look at the decentralized finance space at an upcoming meeting of its tech committee, with crypto industry executives also invited.
The CFTC announced on March 1 that the agenda for the March 22 meeting of its Technology Advisory Committee will include a panel on “exploring issues in decentralized finance.”
Notorious Monkey Drainer crypto scammer says they’re ‘shutting down’
The scammer with the pseudonym Monkey Drainer posted to their Telegram channel on March 1 that they “will be shutting down immediately,” and all “files, servers and devices” related to the drainer “will be destroyed immediately” and it “will not return.”
The scammer even advised budding “young cyber criminals,” saying they shouldn’t “lose themselves in the pursuit of easy money,” and only those “with the highest level of dedication” should operate a “large scale cybercrime” outfit.
Polygon launches decentralized ID product powered by zk-proofs
The Polygon ID service uses zero-knowledge proofs, which use cryptographic techniques to allow users…
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