Crypto News  in  Brief

By NewsDesk7

NEWS

The IBM-Maersk Blockchain Initiative was Predestined for Failure from the Beginning!

The list of unsuccessful blockchain initiatives keeps growing as once-promising companies add more of their lackluster projects to the failed ventures list. Moller-Maersk is the latest addition to this group, having declared the end of its TradeLens platform, a widely touted global trade solution built on IBM’s blockchain technology.

NEWS

Law Specialist Declares Mango Markets Scandal a Wake-Up Call for DAOs!

Benjamin Bathgate, a partner at Canadian law firm McMillan LLP, believes that the exploitation of Solana-based DeFi lending platform Mango Markets will prompt decentralized autonomous organizations (DAOs) to adopt legal frameworks. Benjamin Bathgate, a partner at Canadian law firm McMillan LLP, believes that the exploitation of Solana-based DeFi lending platform Mango Markets will prompt decentralized autonomous organizations (DAOs) to adopt legal frameworks.

NEWS

Decentralized debt protocol Centrifuge accumulates $6M in unfunded debt!

According to data from blockchain credit analytics platform rwa.xyz, the decentralized lending protocol Centrifuge has approximately $5.8 million in outstanding loans across two loan pools. Distressed loans per Centrifuge’s loan dashboard include consumer loans and invoice and trade receivable financing.

NEWS

Chairman Behnam Commits to Significant Crypto Enforcement Cases Setting New Precedents!

The Commodity Futures Trading Commission (CFTC), a US agency striving to improve its surveillance of cryptocurrency trading, is poised for a productive year of crypto enforcement actions, according to its Chairman, Rostin Behnam.