False advertising programs are rampant, promoting black boxes in a world where transparency is paramount. Solend founder Rooter said the problem isn't rewarding users per se, but how these "loyalty programs" obfuscate opportunity costs.
JinseFinanceRenrenBit founder Zhao Dong, known as the "OTC King," is sentenced to seven years in prison for unlicensed crypto activities and unauthorized forex transactions. The extensive investigation, involving complex financial transactions, revealed evidence through bank records and chat logs. Zhao's arguments during three public hearings were countered by the prosecutor's presentation of forex-related evidence. The court issued a seven-year prison term and a 2.3 million Chinese yuan fine. China's ongoing crackdown on crypto activities is evident in this case.
SanyaChinese authorities are cracking down on international illegal financial activities, with a focus on the recent sentencing of Zhao Dong. This is part of a larger campaign to address such activities.
Zoey21.co, the parent company of 21Shares, one of the world's largest cryptocurrency exchange-traded product (ETP) issuers, recently released the "2023 Annual Token Financialization Status Report", reviewing the encryption and blockchain tokenization market conditions over the past year. .
JinseFinanceThe huge Ethereum NFT has gone through many chaotic market baptisms, lost its vitality and lost its past glory, but this does not affect its current dominance of NFT.
JinseFinanceA phishing operation operating under the alias FrenTechPro, masquerading as the Friend.Tech tool, has reportedly siphoned off around $214,000 in crypto from seven blockchains.
KikyoIn addition, the exploiter transferred thousands of ether to a brand-new wallet.
Others
NulltxThe risks of the on-chain market and the centralized market are being transmitted to each other, and the probability of systemic risks increases. The risk control capability of the DeFi protocol is facing the test, especially the lending and wealth management platforms with certain leverage characteristics. With the increase in the possibility of mortgage assets plummeting, such platforms are facing the potential risk of bad debts.
链向资讯If Solend is unable to take over the account, some believe that it could cause a meltdown, driving Solana’s price to zero.
Cointelegraph