Global securities regulators set out on Thursday their first blueprint to make participants in “decentralised finance” (DeFi) accountable for their actions and safeguard market stability. DeFi platforms allow users to lend, borrow and save in digital assets, using the blockchain technology that underpins cryptoassets to bypass the traditional gatekeepers of…
FTX, the US-based crypto platform that succumbed to liquidity crunch and shook-up the crypto market in November, led to the wipe-off of nearly $200 billion (roughly Rs. 16,53,499 crore) from the market. The drastic reaction from investors who pulled back capital from digital assets left several crypto firms gasping for breath….
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