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MakerDAO goes ahead with $500M investment in treasuries and bonds

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$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield.

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South Korea probes Upbit for 600K KYC violations

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Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.

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FSB calls for stricter oversight against AI vulnerabilities

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FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance and systemic vulnerabilities.

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Don’t be delusional: Decentralization doesn’t compensate for regulation

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DeFi needs regulation to build trust, attract institutional investment, and ensure long-term viability despite its decentralized nature.

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