Let’s compare Defi and Cefi Even while both DeFi and CeFi have the potential to revolutionize personal finance, DeFi currently cannot be used with any fiat currency. Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) have allowed a new generation of both decentralized and centralized financial solutions that empower both fiat and digital asset users, so … Read more
Can DeFi vs. CeFi Two Finance Coexist? Zhu Su and Kyle Davies, co-founders of hedge fund Three Arrows Capital, acquired $400 million in Ether using the company’s assets in November 2021. They become two of the world’s top cryptocurrency holders. After the fall of 3AC, Su and Davies go into hiding for eight months. Three … Read more
OFAC Designates Tornado Cash in First Action Against On August 8, 2022, The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Tornado Cash, a decentralized digital asset mixer. This is the first time OFAC has targeted an on-chain decentralized protocol. OFAC announced that Tornado Cash was used to launder … Read more