British legislators are urging a careful stance regarding implementing a retail digital pound. They stress the importance of finding an equilibrium between technological advancements and potential drawbacks.  Members of the Treasury Select Committee have expressed reservations regarding the possible launch of a retail digital pound, underscoring the need for thoughtful examination before execution. Despite recognizing potential advantages in terms of […]

KyberSwap intends to provide financial assistance to users affected by a significant exploit on Nov. 22, which led to a $48.8 million loss for the decentralized finance protocol. To address this, KyberSwap is establishing a grant initiative from its treasury to offer compensation to those adversely affected by the event. The grant is designed to ease the financial burden on […]

Lawyers representing the United States Securities and Exchange Commission and Terraform Labs and co-founder Do Kwon sparred in court over information provided by a whistleblower in the securities lawsuit. According to a transcript of court events provided by Inner City Press on Nov. 30, the SEC reiterated its claims that Terra and Kwon “committed fraud” using the LUNA token, citing […]

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The hacker who stole over $46 million from the DeFi protocol KyberSwap has released a list of demands, including total control over the Kyber company and all its assets. The hacker specified […]

KuCoin Ventures, the venture arm of Seychelles-registered crypto exchange KuCoin, will provide grants to The Open Network (TON) blockchain platform, including an initial $20,000, to support the growth and expansion of the TON ecosystem. According to a Dec. 1 statement, the funding will support TON ecosystem projects, including five payments or game finance (GameFi) platforms, research and development efforts, community-building, […]

Renowned analyst Hassan Tyler disapproves of SEC chair Gary Gensler’s regulatory tactics, asserting that Gensler hasn’t learned from the SEC’s loss in the XRP case. Ripple’s Legal Triumph Over SEC The Ripple case, initiated by former SEC chair Jay Clayton in December 2020, accused Ripple of selling $1.3 billion in unregistered XRP securities.  Following Gensler’s appointment as SEC chair the […]

Amid efforts by climate scientists and advocates to address environmental challenges, Google DeepMind Climate Action Lead Sims Witherspoon sees potential in artificial intelligence (AI), emphasizing the importance of framing the solution through thoughtful questioning. At the Wired Impact Conference in London, Google DeepMind Climate Action Lead Sims Witherspoon said she sees climate change as a scientific and technological challenge, expressing optimism […]

The possibility of an XRP exchange-traded fund (ETF) has sent waves of optimism through the crypto community, with prominent researcher Good Morning Crypto asserting its potential to revolutionize the industry. In a recent tweet, Good Morning Crypto meticulously outlined the transformative potential of an XRP ETF, highlighting its ability to attract institutional investors, enhance liquidity, and propel mainstream adoption. Institutional […]

Ethereum’s price is on the rise, hitting $2,099, showing a 2.9% increase. Meanwhile, some analysts are anticipating further growth, eyeing a potential ascent to $3,500, particularly fueled by discussions surrounding a forthcoming Ethereum Exchange Traded Fund (ETF) approval by the US Securities and Exchange Commission (SEC). Ethereum Price Can Rally to $3,500 Renowned crypto analyst Michael van de Poppe has […]