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Decentralized Finance (DeFi) surged as an open, permissionless alternative to traditional finance, challenging the SEC—a long-standing U.S. financial regulator. At its heart, the clash is philosophical: centralized regulation versus decentralized autonomy through smart contracts and DAOs. The SEC’s Position: “Investor Protection Above All” The SEC has one job: protect investors, maintain fair markets, and enforce securities laws. Traditionally, this meant regulating companies that issue stocks, bonds, and other financial instruments. But in the past decade, as crypto went from niche to mainstream, the SEC expanded its scope. Under Chair Gary Gensler, the SEC has taken a firm stance that many digital assets—especially those involved in staking, yield farming, or offering returns—are unregistered securities . The reasoning? If investors are led to expect profits from the efforts of others, it likely falls under the Howey Test, the decades-old benchmark for identifying securities. So wha...

Decentralized Finance (DeFi) has revolutionized traditional finance by introducing novel financial instruments, one of the most controversial being flash loans. Unlike conventional loans, flash loans require no collateral and allow users to borrow funds instantly—provided they repay the loan within a single blockchain transaction.  This innovation has unlocked new opportunities in arbitrage, liquidations, and refinancing. However, it has also introduced significant security risks, particularly in the form of flash loan attacks. In this article, we delve into the mechanics, applications, benefits, and risks of flash loans in DeFi. What Are Flash Loans? Flash loans are a unique financial primitive in DeFi, primarily facilitated by lending protocols such as Aave and dYdX. They leverage smart contracts to enable users to borrow funds without collateral, under the condition that the borrowed amount is repaid within the same transaction block. If the repayment condition is not met, the trans...

A new court ruling has reversed the sanctions placed on crypto mixer Tornado Cash (TORN) by the US government. According to a recent filing by the New Orleans-based U.S. Court of Appeals for the Fifth Circuit, the previous decision to place sanctions on the digital assets tumbler has been lifted. “It is ordered and Adjudged that the judgment of the District Court is reversed, and the cause is remanded to the United States Court of Appeals District Court for further proceedings in accordance with the opinion of this Court.” Tornado Cash was first sanctioned by the Treasury Department’s Office of Foreign Asset Control (OFAC) after being deemed a threat to the nation’s security as hackers associated with the government of North Korea were believed to have used it to clean stolen funds. Crypto mixers allow users to obfuscate the source of their digital assets by mixing them with other coins from different sources and giving each user back the ...

Decentralized Order Books vs. AMMs: A Comprehensive Comparison! The decentralized finance (DeFi) ecosystem has grown tremendously, fueled by innovative trading mechanisms such as Decentralized Order Books and Automated Market Makers (AMMs). While both play essential roles in DeFi, they cater to distinct trading needs and have unique advantages. Let’s explore how they compare and which might be better suited for different use cases. Decentralized Order Books Decentralized order books mirror traditional exchange mechanisms but operate on the blockchain. Instead of relying on centralized entities, users interact through smart contracts that manage orders. Key Features: Order Flexibility: Traders can specify exact prices and amounts for buy or sell orders, offering precise control. Transparency: All orders and trades are publicly visible on the blockchain, enhancing accountability. Price Efficiency: Prices are determined by matching buyers and sellers, often reflecting fair market condi...

Uranium.io, a decentralized application (dApp) on Tezos (XTZ), is now live, as reported to Finbold on Tuesday, December 3.  Since uranium has traditionally been locked behind institutional gates, Uranium.io seeks to make the chemical more accessible to investors. The platform is backed by Curzon Uranium, a global trading firm with over $1 billion in uranium transactions, and Archax, the first registered crypto exchange in the United Kingdom.  Picks for you Orbitt unveils a staking program with $2 million in rewards 1 hour ago 5 promising cryptocurrencies Coinbase just added to the COIN50 index 2 hours ago AI predicts Chainlink (LI...

Gitcoin’s project lead said the snafu has resulted in nearly half a million in funds being forever locked in a one-way contract address. Crypto developer platform Gitcoin has admitted to losing approximately $460,000 of Gitcoin (GTC) tokens after mistakenly sending the funds to an unrecoverable contract address . On Oct. 6, project lead “CoachJonathan” posted details of the incident on the Gitcoin governance forum. He said the transfer of GTC from the treasury was intended for a merchandise, memes, and marketing budget proposal. However, rather than going to a multisignature address , it instead went to a GTC token contract instead. “This has rendered the funds stuck in the contract, with no way of recovering them,” he lamented. A total of 521,440 GTC tokens were lost in the snafu. The coin was trading at just below $0.90 at the time, making the dollar loss an estimated $461,000. Following the transfer, Gitcoin core developers were contacted to explore whether the contract has a wit...