SotN#17: RETREATING! w/ Jake Chervinsky (BitMEX REKT, SEC Action, is DeFi safe?)
Bankless
Intro
This chapter explores two cutting-edge DeFi projects, Wiren and Monolith, showcasing their distinct advantages. Wiren focuses on community-driven yield generation, while Monolith merges traditional banking features with DeFi capabilities for enhanced user experience.
๐ฃ Join us at Invest Ethereum Conference Oct 14th - http://bankless.cc/investeth $25 off w/ โBANKLESSโ code
-----
๐ SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ โ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI โค๏ธ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O ๐๏ธ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ๐ BUY BANKLESS TEE: https://merch.banklesshq.com/
-----
GO BANKLESS WITH THESE SPONSOR TOOLS:
๐ UNSTOPPABLE DOMAINS - HUMAN READABLE ETHEREUM & CRYPTO ADDRESSES https://bankless.cc/unstoppable
๐ ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI http://bankless.cc/zapper
๐ณ MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith
๐คYEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn
------
SotN #16: RETREATING! w/ @jchervinsky (BitMEX REKT, SEC Action, is DeFi safe?)
Lots of legal action taken against the crypto world lately! We're bringing Jake Chervinsky from Compound Labs onto the show to help us understand what's going on.
- Enforcement actions from the SEC and CFTC - SALT Lending pays fine, must return investor funds, must register token - Kik is official dead, slain by SEC - BitMEX got BitREKT -- CEO Arther Hayes 'is AT LARGE', CTO of BitMEX is in jail
But most importantly:
Is DeFi immune from this? Does the protocolization of financial instruments save the day? When the spotlight turns to DeFi, are we prepared?
Resources linked & discussed
When worlds collide Bankless article:https://bankless.substack.com/p/when-worlds-collide-market-monday-a27
The Case for Electronic Cash and Financial Privacy (Coincenter piece that Jake talked about) https://www.coincenter.org/the-case-for-electronic-cash/
Jakes prediction that regulatory action is coming: https://twitter.com/jchervinsky/status/1310626151631671296?s=20
SALT Lending: https://www.coindesk.com/sec-orders-salt-lending-to-refund-investors-in-its-50m-ico
Kick KIN ruling: https://www.coindesk.com/kik-sec-ruling
Bloomberg scare article:https://www.bloomberg.com/news/articles/2020-10-01/booming-crypto-market-a-potential-haven-for-money-laundering
What does BitMEX charge from the DOJ for breaking the bank secrecy act mean for Defi? https://twitter.com/AdamScochran/status/1311729872050544643?s=20
Jay Clayton SEC chair says all stocks may be tokenized:https://www.theblockcrypto.com/post/79783/all-stocks-tokenized-sec-chairman-clayton
------
Don't stop at the video!
Subscribe to the Bankless newsletter program http://bankless.substack.com/
Visit the official Bankless website for resources http://banklesshq.com/
Follow Bankless on Twitter https://twitter.com/BanklessHQ
Follow Ryan on Twitter https://twitter.com/ryansadams
Follow David on Twitter https://twitter.com/TrustlessState
Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.
The AI-powered Podcast Player
