As a result of the collapse of bitcoin to 42,000, liquidations of ~ $ 2.4 billion were recorded. In total, the positions of more than 380 thousand traders were taken out. This is not a record yet, of course, but in history, such powerful plums often led to a rapid reversal.
The governing council of the European Central Bank (ECB) approved expanding oversight of electronic payments to cover cryptocurrency transfers and digital token payments.
📌 According to a press release issued by the ECB on Monday, the new policy is part of the central bank’s updated framework for Eurosystem electronic payment instruments, schemes and mechanisms (PISA).
📌 The ECB plans to use the new PISA framework to oversee companies in the electronic payments industry, focusing on market segments such as electronic money transfers, digital payment tokens and e-wallets.
“The PISA framework will cover services related to cryptoassets, such as the acceptance of cryptoassets by merchants as part of card payments and the ability to send and receive cryptoassets through an e-wallet,” the statement said.
Analyst firm Elliptic reports that crime-related losses in the DeFi market have increased sevenfold this year.
📌 Losses due to thefts and hacks on DeFi platforms amounted to more than $ 10.5 billion since the beginning of the year (as of November 9), which is 600% more than $ 1.5 billion in 2020. DApps suffered the most losses on Ethereum – losses amounted to $ 8.6 billion. The projects on Binance Smart Chain (BSC) were slightly less affected – $ 2.5 billion.
📌 Elliptic Chief Scientist Tom Robinson believes that criminals go where there is most money and weak defense.
“The DeFi ecosystem is an incredibly exciting and fast-paced space where financial services innovation is happening at the speed of light. This attracts large sums of capital to projects that are not always reliable or well tested. Criminals see the opportunity and seize it. “