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BIS Sees ‘Important Role’ for DeFi, Pushes for Increased Regulation

A new report from the Bank for International Settlements (BIS), sometimes referred to as the central bank of central banks, finds a somewhat surprising finding that decentralized finance (DeFi) may play an "important role" in the traditional…

Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services

The dYdX Decentralized Exchange (DEX) was down for 9 hours from noon Monday through Tuesday morning due to a major outage in Amazon's Amazon Web Services (AWS) cloud services network, again sparking controversy over decentralization. Some…