SEC launched a large-scale investigation of the activities of the DeFi segment

SEC launched a large-scale investigation of the activities of the DeFi segment

The US regulator’s investigation into Uniswap is just the beginning of a broader initiative targeting the entire decentralized finance sector. The Wall Street Journal previously reported that Uniswap Labs, which develops the popular decentralized exchange (DEX), is under investigation by the US Securities and Exchange Commission (SEC). The seriousness of the SEC’s intention to examine in detail the work of Uniswap Labs is confirmed by sources with close knowledge of the situation. They point specifically…

Cover P2P insurance protocol announced closure

Cover P2P insurance protocol announced closure

Cover Protocol, a decentralized finance insurance project, announced it would close after the departure of its core development team. Ruler, a related lending service, is also shutting down. Against the background of the announcement, the COVER token rate fell by 16%. If earlier the token was traded at $ 269, now its rate is $ 221. At the same time, trading volumes increased several times. The RULER token collapsed by 87% at once. One of…