
DeFi needs to be regulated ‘carefully and thoughtfully,’ says Fed chair Jerome Powell
Powell said that central banks will always be the main trust anchor behind money and stablecoins borrow the trust from the underlying issuer.
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The developers submitted a proposal to the DAO on Aug. 10 requesting funds to cover payments for development work done over the past 12 months.

Some MakerDAO members argued that the proposal could affect the protocol’s decentralization and add another layer of regulatory attack.

A governance proposal on Aave has been passed to suspend ETH borrowing following detailed simulations of high utilization of ETH caused by users attempting to receive an ETHPoW airdrop.

Crypto community members argued that a fee less than $100 would ensure inclusivity for all.

Industry stakeholders reacted negatively to dYdX's verification requests, with some suggesting that the exchange was acting on regulators' instructions.

Kyber Network says the threat has been neutralized, offered the hacker a 15% bug bounty.



