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North America Is Largest Crypto Market Despite Regulatory Uncertainty, Chainalysis Reports
25.10.2023
North America leads in terms of cryptocurrency usage despite the ongoing regulatory uncertainty, blockchain forensics firm Chainalysis revealed. Meanwhile, stablecoin-related activity has been decreasing with users shifting away from U.S.-based services. The region’s share in decentralized finance...
Solana's Marinade Finance Acts Swiftly to Ensure FCA Compliance, Blocks UK Access
24.10.2023
Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana blockchain, is blocking users in the United Kingdom from accessing its platform over "compliance concerns."
The concerns are related to newly introduced regulations from the UK’s regulator, the Financial Conduct...
Largest DeFi protocol on Solana reportedly quits UK market, citing FCA rule
24.10.2023
Marinade Finance holds over $265 million in total value locked, accounting for 70% of all funds locked on the Solana blockchain
Bitcoin.com Collaborates With MyCointainer to Integrate VERSE Token on Its Platform
24.10.2023
PRESS RELEASE. October 24th, 2023. Bitcoin.com, a pioneer in providing accessible and user-friendly cryptocurrency services, has announced a strategic partnership with crypto-staking platform MyCointainer where VERSE, the rewards and utility token for the Bitcoin.com ecosystem and...
DeFi Education Fund, Paradigm File Amicus Brief Supporting James Harper’s appeal against IRS
24.10.2023
DeFi Education Fund (DEF), a crypto research and advocacy group, and crypto investment company Paradigm have filed a separate amicus brief supporting James Harper’s lawsuit against the US Internal Revenue Service (IRS).
Paradigm confirmed Friday that the amicus brief urges the Supreme Court...
Yield App onboards six fresh cryptocurrencies
23.10.2023
Yield App takes great pleasure in coming out with its declaration of having taken on six fresh cryptocurrencies. They are the Polygon Network (MATIC), as well as Solana (SOL), Polkadot (DOT), Atom (ATOM), Ripple (XRP), and Link (LINK). It will now be possible for users to earn 5% via the Yield...
Solana's Largest Defi Protocol Marinade Starts Blocking UK Users
23.10.2023
Solana's largest decentralized finance (DeFi) protocol, Marinade Finance, has blocked users in the United Kingdom from accessing the site due to "compliance concerns" over Financial Conduct Authority (FCA) regulations
Linea releases its new ERC20 token bridge for DeFi apps
23.10.2023
Linea has released its new ERC20 token bridge for DeFi applications. The announcement was made on the official X/Twitter account of Linea. According to the tweet, Linea has partnered with MetaMask, Circle, Transak, and Banxa for the bridge. Besides the bridge, the tweet also teased a limited-time...
10 Decentralized Finance Protocols Rule Over 52% of the WBTC in Circulation
23.10.2023
Over the span of ten months, since mid-December 2022, the cryptocurrency known as wrapped bitcoin (WBTC) experienced a reduction of nearly 23,000 coins from its circulation. Today, WBTC has 79,839 distinct wallet holders. Notably, a hefty 73.76% of these tokens are concentrated within the top...
Crypto advocates file amicus brief to address users' Fourth Amendment privacy rights
22.10.2023
The amicus brief was filed to support an appeal against the Internal Revenue Service in relation to a 2017 court order where Coinbase was forced to hand over data from more than 14,300 of its users to the IRS
Scandal Unveiled: Web3 Game Project's $1.6 Million Exit Scam with Actors
21.10.2023
The development team behind the gaming project FinSoul has been accused of carrying out a massive exit scam, defrauding investors of $1.6 million through market manipulation.
According to a recent report from blockchain security platform CertiK, the FinSoul team allegedly employed paid actors...
Uniswap Leads Decentralized Exchanges in 2023 as Trading Volume Hits All-Time High
20.10.2023
The leading decentralized exchange (DEX) Uniswap recorded an all-time high trading volume of over $100 billion in October. This milestone is part of a larger trend that sees the platform not just sustaining growth but also surpassing established centralized exchanges like Coinbase.
The data also...
Sui becomes the fastest-growing DeFi platform
20.10.2023
Sui has achieved significant numbers in just three months. These are in terms of total value locked (TVL) and volume. This has strengthened its growth as a DeFi platform. The TVL stands at 341% growth, while the volume has jumped by 229%. This has been termed a significant milestone for...
Ethereum investors choose LSDFI for enhanced yield opportunities
20.10.2023
The Ethereum LSDFi (Liquidity Staking Decentralized Finance) refers to the latest update in the Ethereum DeFi sector and has been growing by leaps and bounds in recent years. The lion’s share of this massive growth is attributed to the Ethereum Shapella upgrade. It is worth noting that LSDFi...
For DeFi to Flourish, Right-Size the Regulators
19.10.2023
Crypto for Advisors: What Will Trigger Crypto Mass Adoption?
19.10.2023
Andy Baehr, head of CoinDesk Indices discusses scenarios that could be the drivers of mass adoption in crypto
Today in Crypto: Quantstamp Reveals DeFi Protection Product That Reimburses Losses, Polygon Proposes Protocol Council, Bitdeer Announces $2 Million Share Repurchase Program
19.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Quantstamp Reveals DeFi Protection Product That Reimburses Losses, Polygon Proposes Protocol Council...
$KNC goes live on Aave V3 Ethereum
19.10.2023
Kyber Network has announced that its native token, $KNC, is now live on Aave V3 Ethereum. However, the announcement is pretty young, and more details about the listing and responses from the community are awaited. Kyber Network has recommended traders do their own research before executing a trade...
Hashing It Out: Diving into cross-chain DeFi lending
19.10.2023
MultiChainZ chief operating officer Aanchal Thakur believes that cross-chain lending platforms will open users up to more liquidity
Are DeFi prediction markets on the verge of a big breakthrough?
19.10.2023
DeFi refers to decentralized finance. In a macro sense, prediction markets bring out the meaning for users to guess the outcome no matter the segment. However, DeFi Prediction Markets, together, form a union for people to assume the outcome of the movement of a digital asset. The answer has to...