Last year was the year of CeFi collapses. While detrimental, investigations are shedding a light on CeFi's (not DeFi's) lack of transparency.
Celsius CEO Alex Mashinsky resigned on Tuesday, three months after the crypto lending scheme lost investors billions.
Celsius, one of the largest crypto lenders, shut its doors to the public over the weekend, citing the dangers of market volatility and defi scams.
The world watched as seemingly invincible giants in the ecosystem crashed and burned — each one filing for bankruptcy and facing endless lawsuits that rage on.
In this conversation, we chat with Tim Frost, CEO and Co-Founder of Yield App, a fintech app making DeFi accessible to everyone. Prior to founding Yield, Tim helped build 2 previous digital banks, Wirex and EQIBank. Tim has also helped accelerate early-stage blockchain startups QTUM, NEO, Paxful, Polymath, and many others.
More specifically, we touch on all things crypto banking and debit cards, crypto onramps, juristictions and regulation, defi banking, yield generation mechanisms, and so much more!
CFPB director Rohit Chopra lobbed a surprise grenade onto the expo floor Tuesday morning by announcing plans for an open banking rule.
International cross-border banking system SWIFT announced it was building integration with Chainlink.
The Cion Digital Blockchain Orchestration Platform accelerates integration, provides optionality, prevents technical debt from the onset, and removes friction from creating blockchain-based innovative real-time payment and financing.
Cion Digital's new Advisor Lending Platform connects wealth professionals and firms with lenders in a more efficient process than was previously available. They also now offer their product suite to a more significant portion of the financial services and retail sectors.
Teana Baker Taylor, Circle's UK VP of Policy, advocates for careful cryptocurrency adoption on behalf of Circle's new Euro Coin.