Blockchain
DeFi platform Grizzly.fi collects $26M in Community Fair Launch
Grizzly.fi, the crypto platform that simplifies investing in the best opportunities in DeFi, has collected $26 million in their so-called Community Fair Launch. The innovative launch strategy used by the company attracted the attention of many high-profile DeFi investors. The launch is officially the best performing launch in history on the Binance Smart Chain without a launchpad. They collected four times more than the previous record holder on the Binance Smart Chain, making them the 10th biggest BNB holder.
After 18 months of developing, planning, and creating meaningful partnerships, the Grizzly.fi platform is officially going live. Having completed 5 Cybersecurity audits including Hacken.io, the company has put great importance on its security. In addition, they already announced their partnership with the Swiss Crypto Valley Association back in September 2021.
The Grizzly.fi team will continue building out their Ecosystem to accelerate the mass adoption of DeFi and improve their product offering.
Andres Soltermann, Co-founder of Grizzly.fi said “The journey has been incredible so far. What started as a vision to ‘Make DeFi accessible to everyone’ is now finally taking shape. We will continue to build and break barriers to eventually reach mainstream adoption. In this process, our focus lies on utility, user experience, and security. People will be able to use our platform to earn stable yields with the greatest user experience possible”
The DeFi sector has been growing exponentially over the last few years, however, there is still an incredible amount of room for improvement. What sets Grizzly.fi apart from most projects is its focus on usability, security, and scalability. The team has multiple Blockchain PhDs on board and has strong ties to several Auditing firms. It’s clear that the company is laying the foundation to become an established company in the industry.
Blockchain
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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