Thursday, October 21, 2021

TL; DR Breakdown

  • Investor Mike Novogratz bashes US politician for attempting to stifle cryptos
  • Banks have remodeled $12 billion in overdraft charges within the current previous
  • Lack of transparency in banks has triggered a mortgage disaster

The battle between DeFi and banks is heating up, and supporters on each side are getting extra aggressive. Banks are startled by the rise of crypto-based Decentralized Finance that appear to have challenged their enterprise fashions to a degree of existential threat. As anticipated, governments are on the aspect of the banks, however the persons are for DeFi.

In a recent tweet, crypto investor Mike Novogratz sought to outline the true picture of banks as in comparison with the brand new DeFi revolution.