ArkotNews

Rook Labs and activist investors reached a deal that returns millions of dollars to the former DAO.

The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.

The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services.

Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.

The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival, Tron.

The department's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime.

Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, though, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim, and the smell of cannabis permeated the office.

Binance has no interest in buying Huobi due to its rumored ties to China, according to a person familiar with the situation.

Highly skilled crypto users have reportedly lost an estimated $10 million in stolen funds since December, MyCrypto founder Taylor Monahan said.

ETH’s price slid 1.5% on Thursday, the day after reaching its nine-month high. The Ethereum upgrade is expected to occur April 12.