Federal Reserve Chairman Jerome Powell has criticized the decentralized finance (DeFi) space, saying the monetary policy worldwide has “revealed significant structural issues” in the DeFi ecosystem while exposing “conflicts of interest.”
The head of crypto lender Celsius Network, Alex Mashinsky, has resigned with an apology to customers for the “difficult financial circumstances” they were left in by the company’s bankruptcy.
Commission-free trading platform Robinhood has announced the launch of its beta Web3 wallet with Polygon, giving 10,000 waitlisted customers the ability to participate in the wallet’s testing phase.
Top stories in the Crypto Roundup today:
- Federal Reserve Chair Calls for DeFi Regulation
- CEO of Bankrupt Crypto Lender Celsius Network Resigns
- Robinhood Launches Non-Custodial Crypto Wallet with Polygon to Beta Users
- Chart of the Week: Ethereum Outperforms Wider Crypto Market