As the crypto economy has dropped lower in value against the US dollar, sliding to $1.2 trillion, the value of decentralized finance (DeFi) protocols and smart contract tokens has suffered a significant decline. Statistics show that the total value locked (TVL) in DeFi has dropped 7.96% since May 18, to roughly $104 billion, and the…

The US Securities and Exchange Commission (SEC) is looking into the collapse of the TerraUSD stablecoin and whether its marketing violated federal investor-protection regulations. The lawyers for the SEC are seeing whether Terraform Labs, which is behind the coin, broke the rules for securities and investment products. According to a Bloomberg source, the regulator’s enforcement…

Breaking crypto news from the last week (June 4 – 10, 2022): June 4: The Dubai-based real estate developer, DAMAC Properties, has completed cryptocurrency deals worth $50 million since the beginning of 2022, the company’s COO Ali Sajwani revealed. June 5: The Federal Trade Commission (FTC), the enforcer of civil US antitrust law, revealed that…

Roland Berger, a global strategy and management consultancy, has partnered with Crypto Oasis to join its efforts to boost the Gulf region’s blockchain and decentralized technologies ecosystem. The news comes two weeks after Crypto Oasis said it has already identified over 1,000 blockchain organizations in the UAE amid the exponential growth of the ecosystem, updating…