, 2 years ago
Uniswap is the biggest DeFi protocol in the world. It not only played a significant role in making decentralised finance more popular, but it also paved the way for Ethereum to become the number one platform in terms of DeFi. But most recently, Uniswap came under scrutiny by the Security and Exchange Commission (SEC) in the United States.
Many true believers of decentralised finance have pointed out in the past that DeFi can never be regulated. The SEC, however, seems to be eager to find a way to classify what decentralised finance is doing and, in particular, Uniswap.
The SEC is eager to learn more about DeFi not only because it is new technology. Unlike many cryptocurrencies, including Bitcoin, DeFi protocols are often developed by companies instead of pseudonymous developers.
That being said, those companies might fall under the regulation of local authorities and are held to different standards. For now, it seems that the SEC has taken an interest in Uniswap Labs: the company that is responsible for the development of the most famous decentralised exchange in the world.
At the time of writing, the different versions of Uniswap hold a total value of 8 billion dollars (around 6,74 billion Euros). According to the Wall Street Journal, the SEC is particularly interested in the marketing of Uniswap and how the platform is used by its visitors.
Even though it looks pretty spectacular that the SEC started investigations, there is no need to worry about it. In fact, Uniswap is entirely decentralised and the UNI token as well. Storing, sending and receiving UNI is as safe as it always has been.
Also, regulation is not a bad thing. It means that decentralised finance gets acknowledged, and just as all the laws and changes we have seen in the past few years didn’t stop Bitcoin, it is improbable that regulators will stop DeFi. It might even turn out to be a good thing to hold developers and companies to a higher or certain standard. After all, they are somehow affiliated with the money of investors who are using these protocols.
Crypto regulation has generally brought more protection for retail customers and turned out to be in their best interest. It is, therefore, not a bad thing at all if regulators are trying to get their grip around a market that is generally lacking centralised institutions.
Mar 21, 2023
Arbitrum just launched the ARB token with a long-awaited airdrop. Many traders were active on the platform just to be qualified to receive the tokens. This raises the question of whether the recent success of Arbitrum is a product of airdrop hunters searching for another opportunity or if this represents the organic growth of the platform. Layer-2 networks are believed to solve many problems blockchain technology is still facing today.
Mar 16, 2023
Airdrops are very popular among crypto investors. They offer the opportunity to gain free tokens and possibly make a fortune selling them at the right time. There are even airdrop hunters trying to guess which project presents the next opportunity to earn free coins and tokens. Arbitrum was rumored to be the next in line since it started. The waiting is over as the team has announced the airdrop of the ARB tokens this month.
Mar 09, 2023
The Shibarium launch has been postponed a few times and the community marveled about what would happen once the launch commenced. It looks like we all are going to find out soon. The Shiba Inu team announced that the beta version will start this week. Since it is already Thursday it looks like we don’t have to wait much longer.
Mar 06, 2023
Don’t sleep on Binance Chain: it is the largest chain in terms of daily active addresses. In the final week of February, Binance unveiled their technical roadmap for 2023. Some of the areas of focus are a separate chain for data storage, increased transaction throughput and network decentralization.
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