CoinFlash

Kraken CEO Jesse Powell Issues Tough Critique of ‘Reckless’ DeFi Launches

Jesse Powell, chief executive of the U.S.-based cryptocurrency exchange Kraken, has lashed out at the decentralized finance (DeFi) sector in the aftermath of Monday’s $24 million arbitrage exploit of Harvest Finance. In a tweet on Tuesday, Powell said he would “not accept” DeFi projects’ attempts at “externalizing the cost” of “hasty reckless” rollouts. “Stop f**king …

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Spanish Police Arrest Head of Billion-Dollar Crypto Arbitrage Platform on Fraud Allegations

Spanish National Police have arrested the operator of cryptocurrency arbitrage firm Arbistar 2.0 in a crackdown on the platform that researchers and investors allege to be a massive bitcoin Ponzi scheme. The arrest should serve as a reminder to crypto investors of the value bitcoin’s traceable blockchain provides to investigators. While scammers can easily dupe …

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US Homeland Security Funds Anti-Forgery Blockchain Projects in Latest R&D Round

The U.S. Department of Homeland Security’s research and development wing, the Science & Technology (S&T) Directorate, on Friday awarded $817,712 in total to five blockchain startups in a bid to reimagine the federal government’s anti-forgery and counterfeit prevention operations. From creating digital Social Security Number alternatives to building e-commerce tracing systems, the winners have up …

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