DeFi to be examined at inaugural CFTC tech advisory meeting: Finance Redefined
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.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.” Continue reading The scammer with the pseudonym Monkey Drainer posted to their Telegram channel on March 1 that they “will be
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