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Trump Reverses ‘DeFi Broker Rule’ Introduced Under Biden: All Details
In a major policy shift, President Trump has signed an executive order revoking the “DeFi Broker Rule,” a regulation introduced during the final months of former President Joe Biden’s term. Originally slated to take effect in 2026, the rule aimed to curb tax evasion by increasing oversight of cryptocurrency transactions.
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Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
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What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained
Liquidity pools are like reservoirs of cryptocurrencies locked within blockchain-based smart contracts. Anyone can become a "liquidity provider" for a DeFi protocol by depositing their crypto tokens into these smart contracts, pooling their assets alongside those of other participants.
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India Leads in Crypto Adoption for Second Straight Year, Report Shows
India led the way in global adoption of cryptocurrencies for the second straight year, a Chainalysis report has said. It showed India ranked high on usage of centralised exchange and decentralised finance assets from June 2023 to July 2024.
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Crypto Trading Volumes on Centralised Exchanges Reportedly Falling Due to Market Volatility
June saw a monthly decline of 21.8 percent in trading volumes of digital assets. Several macro-economic factors, including the recent slump in Bitcoin’s price, launch of ETFs, and the selling pressure from Germany’s BTC offloading, have emerged as contributors that lowered trading volumes of cryptocurrencies, as per CCData.
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CoinDCX App Gets New ‘Web3 Mode’, Users to Get Access to Over 50,000 DEX Tokens
CoinDCX has launched a new Web3 mode within its existing app. Through this new service, the exchange will expose users to over 50,000 decentralised tokens that have not yet been listed on centralised exchanges. The aim is to give the investors ample opportunities to engage with assets showing high-growth potential before these tokens reach broader ...
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Giottus Exchange Lists 43 New Cryptocurrencies in India, Pumps Total Token Count to 300
A total of 43 new cryptocurrencies have been listed on the Giottus crypto exchange. Cryptocurrencies related to decentralised finance (DeFi) protocols, real world assets (RWA), Artificial Intelligence (AI), and memecoins have made it to Giottus’ refreshed list. The exchange is said to have around 300 tokens currently listed for trading. It claims...
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G20’s Finacial Stability Board to Look at Unregulated Decentralised Finance After FTX Collapse
The Financial Stability Board (FSB) of the G20 said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers trading, borrowing, and lending in cryptocurrency assets by using pub...
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Indian DeFi-Enthusiasts Call FTX Collapse ‘Good on Macro Level’, Here’s Why
As per Indian Web3 builders, this FTX collapse, despite its severity, must be seen as a ‘blessing in disguise’. With several crypto exchanges conducting audits and publishing proofs-of-reserves for their users, industry leaders believe that the crypto community is stepping into the next year with more transparency than we began 2022.
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Crypto: What Could More Regulation Mean for the Future of Digital Currencies?
The collapse of FTX, once one of the largest crypto exchanges in the world, has prompted calls regulation of the crypto sector. Meanwhile, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost $2 trillion (roughly Rs. 1,62,18,000 crore), and ev...
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SEC Chair Gary Gensler Doesn’t View Decentralisation as a Fact of Crypto Markets
In his latest attack on the crypto industry, Securities and Exchange Commission chairman Gary Gensler questioned its decentralisation properties, pointing in the direction of major crypto exchanges that have all become centralised profit-guzzling giants in recent years.
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Cross-Chain Bridges, DEXs Have Been Used to Launder $4 Billion Stolen Crypto: Elliptic
Criminals have laundered at least $4 billion (roughly Rs. 32,558 crore) worth of illegal crypto proceeds using decentralised exchanges, bridges that allow asset transfers across different blockchains, and coin swap services, a new study shows.
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CoinDCX Launches DeFi Mobile App ‘Okto’ Aimed at Widespread Expansion of Web3 in India
CoinDCX, the popular Indian crypto exchange, is looking to open the Web3 world for everybody with an Internet-enabled smartphone in their hands. The company has launched a new mobile app called ‘Okto’ as a keyless, self-custodial wallet service backed by several layers of security as well as native access to more than a hundred decentralised ap...
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Curve Finance Compromised by Hackers, $570,000 in ETH Stolen From Users
In a frontend attack, cyber criminals compromised Curve Finance, which is a decentralised exchanged launched in 2020. As per Curve developers, the Curve.fi nameserver site had suffered the breach. The stolen funds were deposited to the FixedFload crypto exchange to launder them, but the exchange managed to secure ETH worth $191,088 (roughly Rs. 1.5...
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Crypto Sector Raises Over $30 Billion in Fundings, CeFi Bags Maximum
Web3-related firms have already roped-in $30.3 billion (roughly Rs. 240 crore) in fundings between January and June this year, analytics firms Messari and Dove Metrics said in a recent report. So far, companies working around centralised finance (CeFi), decentralised finance (DeFi), and non-fungible tokens (NFTs) have garnered the aforementioned am...
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Trump Reverses ‘DeFi Broker Rule’ Introduced Under Biden: All Details
In a major policy shift, President Trump has signed an executive order revoking the “DeFi Broker Rule,” a regulation introduced during the final months of former President Joe Biden’s term. Originally slated to take effect in 2026, the rule aimed to curb tax evasion by increasing oversight of cryptocurrency transactions.
-
Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
-
What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained
Liquidity pools are like reservoirs of cryptocurrencies locked within blockchain-based smart contracts. Anyone can become a "liquidity provider" for a DeFi protocol by depositing their crypto tokens into these smart contracts, pooling their assets alongside those of other participants.
-
India Leads in Crypto Adoption for Second Straight Year, Report Shows
India led the way in global adoption of cryptocurrencies for the second straight year, a Chainalysis report has said. It showed India ranked high on usage of centralised exchange and decentralised finance assets from June 2023 to July 2024.
-
Crypto Trading Volumes on Centralised Exchanges Reportedly Falling Due to Market Volatility
June saw a monthly decline of 21.8 percent in trading volumes of digital assets. Several macro-economic factors, including the recent slump in Bitcoin’s price, launch of ETFs, and the selling pressure from Germany’s BTC offloading, have emerged as contributors that lowered trading volumes of cryptocurrencies, as per CCData.
-
CoinDCX App Gets New ‘Web3 Mode’, Users to Get Access to Over 50,000 DEX Tokens
CoinDCX has launched a new Web3 mode within its existing app. Through this new service, the exchange will expose users to over 50,000 decentralised tokens that have not yet been listed on centralised exchanges. The aim is to give the investors ample opportunities to engage with assets showing high-growth potential before these tokens reach broader ...
-
Giottus Exchange Lists 43 New Cryptocurrencies in India, Pumps Total Token Count to 300
A total of 43 new cryptocurrencies have been listed on the Giottus crypto exchange. Cryptocurrencies related to decentralised finance (DeFi) protocols, real world assets (RWA), Artificial Intelligence (AI), and memecoins have made it to Giottus’ refreshed list. The exchange is said to have around 300 tokens currently listed for trading. It claims...
-
G20’s Finacial Stability Board to Look at Unregulated Decentralised Finance After FTX Collapse
The Financial Stability Board (FSB) of the G20 said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers trading, borrowing, and lending in cryptocurrency assets by using pub...
-
Indian DeFi-Enthusiasts Call FTX Collapse ‘Good on Macro Level’, Here’s Why
As per Indian Web3 builders, this FTX collapse, despite its severity, must be seen as a ‘blessing in disguise’. With several crypto exchanges conducting audits and publishing proofs-of-reserves for their users, industry leaders believe that the crypto community is stepping into the next year with more transparency than we began 2022.
-
Crypto: What Could More Regulation Mean for the Future of Digital Currencies?
The collapse of FTX, once one of the largest crypto exchanges in the world, has prompted calls regulation of the crypto sector. Meanwhile, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost $2 trillion (roughly Rs. 1,62,18,000 crore), and ev...
-
SEC Chair Gary Gensler Doesn’t View Decentralisation as a Fact of Crypto Markets
In his latest attack on the crypto industry, Securities and Exchange Commission chairman Gary Gensler questioned its decentralisation properties, pointing in the direction of major crypto exchanges that have all become centralised profit-guzzling giants in recent years.
-
Cross-Chain Bridges, DEXs Have Been Used to Launder $4 Billion Stolen Crypto: Elliptic
Criminals have laundered at least $4 billion (roughly Rs. 32,558 crore) worth of illegal crypto proceeds using decentralised exchanges, bridges that allow asset transfers across different blockchains, and coin swap services, a new study shows.
-
CoinDCX Launches DeFi Mobile App ‘Okto’ Aimed at Widespread Expansion of Web3 in India
CoinDCX, the popular Indian crypto exchange, is looking to open the Web3 world for everybody with an Internet-enabled smartphone in their hands. The company has launched a new mobile app called ‘Okto’ as a keyless, self-custodial wallet service backed by several layers of security as well as native access to more than a hundred decentralised ap...
-
Curve Finance Compromised by Hackers, $570,000 in ETH Stolen From Users
In a frontend attack, cyber criminals compromised Curve Finance, which is a decentralised exchanged launched in 2020. As per Curve developers, the Curve.fi nameserver site had suffered the breach. The stolen funds were deposited to the FixedFload crypto exchange to launder them, but the exchange managed to secure ETH worth $191,088 (roughly Rs. 1.5...
-
Crypto Sector Raises Over $30 Billion in Fundings, CeFi Bags Maximum
Web3-related firms have already roped-in $30.3 billion (roughly Rs. 240 crore) in fundings between January and June this year, analytics firms Messari and Dove Metrics said in a recent report. So far, companies working around centralised finance (CeFi), decentralised finance (DeFi), and non-fungible tokens (NFTs) have garnered the aforementioned am...
