TL; DR Breakdown

  • Investor Mike Novogratz bashes US politician for making an attempt to stifle cryptos
  • Banks have remodeled $12 billion in overdraft charges within the latest previous
  • Lack of transparency in banks has prompted 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 some extent of existential danger. As anticipated, governments are on the aspect of the banks, however the individuals 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.