-0.94% Bitcoin (BTC) 19730.35 EUR
-2.03% Ethereum (ETH) 1356.99 EUR
-2.14% Litecoin (LTC) 55.37 EUR
-1.95% B-Cash (BCH) 119.81 EUR
-1.10% Ethereum (ETH) 0.0694678 BTC
-1.12% Litecoin (LTC) 0.00283305 BTC
-1.13% B-Cash (BCH) 0.0061408 BTC
-1.46% Bitcoin (BTC) 19048.3677 USDC
+0.50% USD Coin (USDC) 1.03 EUR
-1.41% Bitcoin (BTC) 19038.096 USDT
+0.47% Tether (USDT) 1.03 EUR
-5.09% Chainlink (LINK) 7.94 EUR
-4.43% Chainlink (LINK) 0.00040571 BTC
-3.97% Dogecoin (DOGE) 0.06 EUR
-3.00% Dogecoin (DOGE) 0.00000323 BTC
-4.33% Uniswap (UNI) 5.88 EUR
-3.49% Uniswap (UNI) 0.00030158 BTC
-4.17% Cardano (ADA) 0.45 EUR
-3.24% Cardano (ADA) 0.00002353 BTC
-1.17% Tron (TRX) 0.06 EUR
-0.31% Tron (TRX) 0.00000317 BTC
-4.43% Shiba Inu (SHIB) 0.00001143 EUR
+1.47% Zcash (ZEC) 59.42 EUR
+2.72% Zcash (ZEC) 0.0030502 BTC
-2.26% Basic Attention Token (BAT) 0.00001599 BTC
+2.01% TradeFlow (TFLOW) 0.05242709 BUSD

Florida’s Office of Financial Regulation Issues Warning About DeFi


Florida’s Office of Financial Regulation (OFR) has issued a warning about decentralized finance (DeFi) based companies that offer lending, banking and investment services.


  • The OFR is cautioning the public that before using any DeFi-based service, it is important to do the necessary due diligence and understand what DeFi is in order to avoid becoming the victim of a scam.
  • The state regulatory body warns the DeFi investment market is still new, highly volatile and driven mostly by psychological factors rather than investment fundamentals.
  • DeFi is one of the fastest-growing sectors of the crypto industry, with $92 billion worth of assets currently locked in peer-to-peer powered protocols – up 196% over the last year, as reported by CoinDesk.
  • Scams, rug pulls, exploits and fatal code errors are among the biggest risks associated with using DeFi platforms.
  • The OFR defines DeFi as financial services provided by an algorithm on a blockchain, without the involvement of a traditional financial services company.
  • “Before getting involved with a company or product in the DeFi market, take reasonable steps to understand the risks of this emerging blockchain-based technology and market,” OFR Commissioner Russell Weigel said in a statement.

Source: Coindesk