DeFi Protocol Hope Finance Loses $2M in Hack as Scammer Claims Ownership of Entire Genesis Protocol

Hope Finance Had Vulnerabilities In The Smart Contract

Source:blockchainreporter.net

#DeFi #defiprotocols #crypto2023

Top 10 Decentralized Finance Coins by Market Capitalization

#DeFi #defiprotocols #uni #link #crypto2023

Great idea! Converting air mile points to #BUSD   can help increase the versatility and usefulness of your rewards. Plus, with the stability of BUSD, your rewards are less likely to fluctuate in value. #cryptocurrency #defiprotocols

DeFi protocols have the potential to offer financial services to people who were previously excluded from the traditional banking system 🔓😎

This technology is creating new opportunities for people around the world🌎

#DeFi #defiprotocols

Hackers Stole More Than $21,000,000 From Decentralized Finance Platforms Last Month, According to #DeFiLlama

Looks scary😵

Whats your opinion on #DeFi & #defiprotocols ?

This Week in Coins: Bitcoin and Ethereum See Fourth Flat Week as TRON and Tether Surge
Republican presidential hopeful Ron DeSantis touched on cryptocurrencies in his Twitter Space with Elon Musk.#feedfeverchallenge #BTC #Ethereum #defiprotocols

These last weeks, I've been praising #defi protocols that have not yet exploded with the current bull run. While they may stay still for a while, in the long run, these #protocols might end up changing the way we move money.

A lot of people don't know the capabilities of #blockchain technology and #defiprotocols so they don't see their potential and how they most likely will outdate the systems we currently use like stock markets and openbanking.

Some examples of these protocols are $AAVE
$DOT $MATIC

$UNI ON TROUBLE AGAIN! 🚨 Here What Happened 👇

Uniswap has just been accused for offering illegal leveraged crypto trading to U.S. investors! As a consequence, UNI now has to pay a $175,000 fine and stop these activities! Once again, the CFTC (Commodity Futures Trading Commission) has chosen an intimidatory approach, rather than providing clear regulations for DeFi protocols! The recent interest from SEC and CMTC on Defi platforms (DEXes) outlines an incoming introduction of compliance requirements. So, DeFi platforms might face new compliance standards in the near future!

In my opinion, regulatory actions may could influence negatively the development and adoption of DeFi technologies in the short term. However, in the long term, a clear regulations will allow these platform to be integrated into traditional financial systems!

DeFi platform's technology is currently underrated due to its complexity, but I'll break it down on my next articles! 🤝

STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝

#UniswapUpdate #Uniswap’s #defiprotocols #Marketupdates