With too much instability in the economy and the future of cryptos up in the air, news that can stop the descent will continue to be hard to come by. This leaves crypto with no proven valid uses, besides speculation, and companies that are already working through supply-chain nightmares and worried about rising interest rates, are unwilling to risk experimenting with unproven technology.Ĭryptos need regulation so companies can take on the risk of new technology - if they so please. We have maintained for a long time now that government validation of the technology would be a huge bonus for cryptos, despite the increased scope of regulation that would surely follow, but that actually assumes validation.Īs companies have their back against the wall - creating the perfect opportunity for a crypto company to actually prove its worth - crypto companies have been unable to step up to the plate. Tarpley Interviews Raymond Tarver about Bank Closings, Janu(Document) Interview of George Mehales about. There is a lot of research going into cryptos right now by regulators, which means it's figuratively on the docket, but regulation is nowhere near being on an actual calendar of any kind, at least in the U.S. The latest Harvest Finance DeFi incursion has generated overwhelming denigration from crypto pundits on social media. TVL has dumped by 600 million and FARM prices are down 58. Harvest Finances price lost some steam after that, slowly declining to the levels just above 100 before the May market crash, then going further down and. Finance, Pickle Finance, Harvest Finance andYearn Finance are working hard to provide Create sustainable revenue streams. Almost 34 million in total value was lost. 6:20 AM EDT 2 min read Harvest Finance Attacked, Over USD 20M Lost, FARM Down 50 Another decentralized finance (DeFi) project, Harvest Finance, has suffered a flashloan attack that lasted for seven minutes, with reportedly at least USD 24m exploited. Recessions and hard times tend to automate a lot of jobs away, but following President Biden’s crypto executive order, crypto’s future has its head on the regulatory chopping block. Harvest Finance has released a postmortem from yesterday's arbitrage attack. Regulation - or the lack thereof - is likely a major concern for corporations and a cause for them choosing to shy away from adopting new technology during hard times (assuming those technologies can actually add value, that is).
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