Warren-Marshall Bill Assailed as 'Direct Attack' on Crypto Users

news

• Warren-Marshall Bill Assailed as a ‘Direct Attack’ on Crypto Users
• MetaMask Launches PayPal Integration For ETH Purchases
• PartyBid V2 Unlocks Community Control of NFTs

Research

• An On-Chain Look Into The ApeCoin Staking Launch

Podcast

Video

• Prosecutors Throw Everything They’ve got at SBF, Hint There’s More to Come

defi explainers

• What are Swap Rates?

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News

Crypto Legislation

Warren-Marshall Bill Assailed as a ‘Direct Attack’ on Crypto Users

Senators Say Law is Needed to Curb Money Laundering and Criminal Use of Cryptocurrencies

By Aleksandar Gilbert

It’s the greatest legislative threat to crypto ever. That’s the conclusion drawn by Coin Center, the cryptocurrency industry think tank, after analyzing a bill introduced Wednesday by Sen. Elizabeth Warren (D-Mass.), and Sen. Roger Marshall (R-Kan.).

Read the full story in The Defiant

Crypto Payments

MetaMask Launches PayPal Integration For ETH Purchases

Move Enables US Users To Easily Access Web3

By Samuel Haig

MetaMask, the most popular web3 wallet, began rolling out a fiat on-ramp for ETH in partnership with leading payments processor, PayPal, on Dec. 14.

Select U.S. users can now purchase Ether from within the MetaMask app by tapping its “buy” button and logging into their PayPal accounts. The service will be made available to all eligible U.S. users in a matter of weeks.

Read the full story in The Defiant

Sponsored Post

DeFi Saver extension is now live within the Compound app

DeFi Saver is an all-in-one dashboard for creating, managing and tracking positions with automatic liquidation protection and leverage management options for only the most trusted DeFi protocols.

Thanks to Compound’s newly released extensions framework, DeFi Saver is now available as an extension within the Compound app. The two teams worked together to make DeFi Saver’s advanced and automation features available to Compound v3 users directly within the Compound application. Features such as 1-tx position rebalancing and automated liquidation protection are now available to users.

With the DeFi Saver extension, Compound users can rely on signature Boost and Repay options for 1-tx position rebalancing, which can, for example, come in handy in case of market crashes where a user may want to partially unwind (or ‘self liquidated’) part of their position to keep it from going under. In addition, all users can now consider automation options if they fear market drops while they are unable to actively monitor their positions.

The new release improves the user experience and makes DeFi Saver features more accessible to a wider audience. Making complex DeFi interactions simpler, more accessible, and more efficient for end-users has always been DeFi Saver’s goal.

With DeFi Saver, Compound users can now manage their positions automatically and more efficiently without leaving the Compound app.

NFTs

PartyBid V2 Unlocks Community Control of NFTs

Fractional Owners Can Mint NFT Derivatives, Claim Airdrops and Participate in Governance

By Owen Fernau

After kicking off with a bang during last year’s NFT bull run, PartyDAO has launched the second iteration of its flagship PartyBid product. The first version of PartyBid enabled group purchases of NFTs — the new one unlocks the utility of the co-owned assets, so their owners can use them to interact with any smart contract in the same way an individual owner of an NFT can.

Read the full story in The Defiant

Research: Into the block

An On-Chain Look Into The ApeCoin Staking Launch

Staking Mechanism Seeks to Spur Interest in Yuga Collections — Is it Working?

By IntoTheBlock

ApeCoin is the token of the Bored Ape Yacht Club ecosystem. In March, it launched and allocated 15% of its supply as an airdrop to NFT holders of the BAYC/MAYC/BAKC collections. On Monday, the DAO enabled its staking mechanism, which seeks to incentivize holders to lock their APE tokens in a smart contract and accrue benefits over time.

Read the full research report in The Defiant

Defiant Video

Prosecutors Throw Everything They’ve got at SBF, Hint There’s More to Come

Podcast Video

Sam Williams On Storing Files On-Chain For Eternity

DeFi Explainers

What are Swap Rates?

A Step-by-Step Guide to An Important Function in DeFi

By Rahul Nambiampurath

According to CoinMarketCap, there are more than 20,000 cryptocurrencies on offer. This is a function of blockchain’s core feature — monetizing decentralization through digital assets. Because of this, even tiny protocols (dApps) in a wider blockchain network have their own tokens.

Read the full explainer in The Defiant