Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
The Internal Revenue Service (IRS) clarifies that cryptocurrency staking rewards are taxable upon receipt, citing Revenue Ruling 2023-14, amid a legal challenge by Joshua Jarrett. #Breaking #Legal @IRSnews ↘ (-6)
@HexTrust’s USDX integrates DeFi with @FlareNetworks, offering 1:1 USD backing, yield generation, and cross-chain capabilities, supporting the DeFi ecosystem’s growth. #Update #Crypto @HexTrust ↗ (+4)
USDX by @HexTrust integrates with @FlareNetworks, enhancing DeFi with 1:1 USD backing, yield generation, and cross-chain capabilities, aiming to bolster the DeFi ecosystem’s growth and resilience. #Update #Crypto @HexTrust ↗ (+4)
@SolvProtocol will launch its native token on @Hyperliquid, a layer-1 network specializing in trading, marking one of the first tokens to debut on the platform. #Update #Crypto @SolvProtocol ↗ (+3)
Fake crypto liquidity pools pose significant risks, using tactics like false promises of high returns to scam investors; learn to identify and avoid these fraudulent projects to protect your assets. #Update #Crypto @Cointelegraph → (+3)
@Shibtoken partners with @Chainlink to integrate CCT standard and CCIP, enhancing $SHIB $LEASH $BONE cross-chain functionality across 12 blockchains (Dec 2024). #Update #Crypto @Shibtoken ↗
@Bitwise Asset Management launched a new Solana Staking ETP on Deutsche Börse Xetra. This product allows investors to earn rewards from $SOL staking with a 0.85% fee. It marks their third staking ETP in 2024. #CryptoNews #Blockchain #Solana
@Polygon accuses @Aave of acting monopolistically after rejecting a proposal involving Morpho. @Aave threatens to leave @Polygon’s network. This dispute highlights key challenges in DeFi governance and competition. #DeFi #Web3 #CryptoNews
Aave considers leaving Polygon’s PoS chain due to security concerns over a stablecoin rehypothecation proposal. Community support favors Aave’s cautious approach, emphasizing the importance of user fund protection in DeFi practices. $AAVE $MATIC
? Hedera teams up with $LINK for DeFi evolution! With Chainlink’s data feeds and Proof of Reserve, expect transparency and security in tokenized assets. Could this be the blockchain bromance of the century? #Humor
Ethereum’s liquid restaking sees a 6000% TVL surge in 2024, reaching $17B. Ether.Fi leads with $9.1B, though traditional staking holds $53B. Flexibility draws interest, but challenges remain. #Ethereum #DeFi
1inch is set to integrate with Solana, enabling tokenized stock trading. Co-founder Sergey Kunz predicts $BTC could reach $1 million by December 2025. The move highlights regulatory efforts in Switzerland and Dubai for compliant non-custodial trading. #Update
PancakeSwap launches SpringBoard for token creation on $BNB Chain. Zero launch fees and a CAKE token price surge of 30% highlight its impact. Aiming to reshape DeFi, can it outpace rivals like Solana’s Pumpfun? #Update
? Indian authorities target 17 crypto exchanges, including $BNB, for $97M in unpaid taxes. @Binance owes $85M, despite securing a license in August. Will tighter regulations reshape India’s crypto landscape? ? #Crypto #Update
