-2.70% Bitcoin (BTC) 93087.1 EUR
-2.94% Ethereum (ETH) 2393.1 EUR
-4.45% Litecoin (LTC) 77.18 EUR
-3.16% B-Cash (BCH) 379.29 EUR
-0.38% Ethereum (ETH) 0.0259974 BTC
-1.77% Litecoin (LTC) 0.00083729 BTC
-0.39% B-Cash (BCH) 0.00406828 BTC
-1.95% Bitcoin (BTC) 108806.29 USDC
-0.82% USD Coin (USDC) 0.86 EUR
-7.40% Chainlink (LINK) 12.6 EUR
-4.85% Chainlink (LINK) 0.00013561 BTC
-6.52% Dogecoin (DOGE) 0.16 EUR
-4.32% Dogecoin (DOGE) 0.00000177 BTC
-5.39% Uniswap (UNI) 6.89 EUR
-2.91% Uniswap (UNI) 0.00007403 BTC
-5.39% Cardano (ADA) 0.6 EUR
-3.14% Cardano (ADA) 0.00000646 BTC
-6.23% Tron (TRX) 0.23 EUR
-3.37% Tron (TRX) 0.00000257 BTC
-5.91% Shiba Inu (SHIB) 0.00001114 EUR
-1.82% Zcash (ZEC) 44.09 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
-6.44% Arbitrum (ARB) 0.3902 USDC
-6.82% Chainlink (LINK) 14.43 USD
-6.81% Chainlink (LINK) 14.48559 USDC
-4.98% Uniswap (UNI) 7.9 USDC
-7.28% Ondo (ONDO) 0.73 EUR
-5.32% Ondo (ONDO) 0.85716 USDC
-7.48% Gala (GALA) 0.01 EUR
-6.79% Gala (GALA) 0.01674 USDC
-8.08% Wormhole Token (W) 0.06 EUR
-7.17% Wormhole Token (W) 0.0737 USDC
-5.96% Chiliz (CHZ) 0.03 EUR
-5.00% Chiliz (CHZ) 0.03856 USDC
-6.04% Sand (SAND) 0.24 EUR
-4.85% Sand (SAND) 0.2843 USDC
-6.34% Aave (AAVE) 258.39 EUR
-4.98% Aave (AAVE) 301.12 USDC
-10.87% Curve DAO (CRV) 0.56 EUR
-9.97% Curve DAO (CRV) 0.6551 USDC
-7.45% Immutable X (IMX) 0.44 EUR
-7.03% Immutable X (IMX) 0.5104 USDC
0.00% Skale (SKL) 0.07 USDC
-8.63% Beam (BEAM) 0 EUR
-5.90% Beam (BEAM) 0.00653 USDC
0.00% Axelar (AXL) 1.05 USDC
-2.22% Livepeer Token (LPT) 7.04 EUR
-1.03% Livepeer Token (LPT) 8.14 USDC
-3.63% Compound (COMP) 49.57 EUR
-3.31% Compound (COMP) 56.9 USDC
-8.19% Coti (COTI) 0.04 EUR
-5.50% Coti (COTI) 0.0566 USDC
0.00% Portal (PORTAL) 1.1 USDC
-5.52% Sushi (SUSHI) 0.61 EUR
-5.08% Sushi (SUSHI) 0.7089 USDC
-2.61% Pepe (PEPE) 0 EUR
-2.20% Pepe (PEPE) 0.00001244 USDC
-4.44% Optimism (OP) 0.59 EUR
0.00% Polygon (MATIC) 0.2 EUR
-4.08% Solana (SOL) 137.94 EUR
-2.09% Solana (SOL) 0.0014745 BTC
-2.82% Solana (SOL) 0.057948 ETH
-0.22% USD Coin (USDC) 0.73 GBP
0.00% USD Coin (USDC) 1 USDT
0.00% USD Coin (USDC) 145.58 JPY

Florida’s Office of Financial Regulation Issues Warning About DeFi

01-26-2022

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