Defi
UK crypto tax
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UK crypto tax
News

Breaking: UK Government Consults Investors Over DeFi Tax

Amid the growing uncertainty in the global digital asset market, the U.K government has called for consultation on seeking views on the taxation of Decentralised Finance (DeFi). UK calls for tax consultation According to the release, the authority is interested in discovering whether administrative costs could be reduced for taxpayers. It added how tax treatment

Amid the growing uncertainty in the global digital asset market, the U.K government has called for consultation on seeking views on the taxation of Decentralised Finance (DeFi). UK calls for tax consultation According to the release, the authority is interested in discovering whether administrative costs could be reduced for taxpayers. It added how tax treatment

Babel Finance Signs Agreements To Ease Some Liquidity Pressure
News
Babel Finance Signs Agreements To Ease Some Liquidity Pressure
News

Babel Finance Reportedly Loses Top Employees Amid Insolvency Rumors

According to crypto news and research website The Block, beleaguered crypto lender Babel Finance is starting to lose several key employees just weeks after the firm suspended withdrawals and battled Insolvency rumors. Head of global partnerships at Babel deleted his LinkedIn profile Reports have it that some of Babel Finance key employees have called it

According to crypto news and research website The Block, beleaguered crypto lender Babel Finance is starting to lose several key employees just weeks after the firm suspended withdrawals and battled Insolvency rumors. Head of global partnerships at Babel deleted his LinkedIn profile Reports have it that some of Babel Finance key employees have called it

Crypto Lender BlockFi
DeFi News
Crypto Lender BlockFi
DeFi News

Scoop: This Hedge Fund Is Trying To Bailout BlockFi To Counter FTX

According to a crypto news website Coindesk, a leaked call has revealed that BlockFi’s long time backer Morgan Creek Digital, is trying to raise $250 million to counter FTX’s bailout. The bailout is said to be disastrous for BlockFi’s Long time backers as it stands to wipe them out. Morgan Creek Digital to raise $250

According to a crypto news website Coindesk, a leaked call has revealed that BlockFi’s long time backer Morgan Creek Digital, is trying to raise $250 million to counter FTX’s bailout. The bailout is said to be disastrous for BlockFi’s Long time backers as it stands to wipe them out. Morgan Creek Digital to raise $250

Maple Finance Faces Liquidity Issues Amid Contagion Concerns
DeFi News
Maple Finance Faces Liquidity Issues Amid Contagion Concerns
DeFi News

Just-In: Babel Finance Places Temporary Restrictions On Withdrawals

Asia based crypto financial service provider Babel Finance announced on its website earlier today that withdrawals and some other operations will be stopped temporarily. The company cited “unusual liquidity pressure” as what led it to make the decision. More crypto crises erupt during this seemingly unending bear run It doesn’t seem like the reverberating meltdown

Asia based crypto financial service provider Babel Finance announced on its website earlier today that withdrawals and some other operations will be stopped temporarily. The company cited “unusual liquidity pressure” as what led it to make the decision. More crypto crises erupt during this seemingly unending bear run It doesn’t seem like the reverberating meltdown

Lido Staked Ethereum (stETH) Close To Eth Price, Why It’s Good For Crypto
Altcoin News
Lido Staked Ethereum (stETH) Close To Eth Price, Why It’s Good For Crypto
Altcoin News

Staked Ethereum (stETH) Breaks Below $1K As ETH Liquidations Surge

Lido Staked Ethereum (stETH), a key factor in the ongoing crypto crash, widened its rift with Ethereum and fell below $1,000 on Wednesday. stETH dropped to as low as $959.77, before recovering to a little above $1,000 in a broader crypto market recovery. The move also appeared to have liquidated some Ethereum positions, with about

Lido Staked Ethereum (stETH), a key factor in the ongoing crypto crash, widened its rift with Ethereum and fell below $1,000 on Wednesday. stETH dropped to as low as $959.77, before recovering to a little above $1,000 in a broader crypto market recovery. The move also appeared to have liquidated some Ethereum positions, with about

Three Arrows Capital
Altcoin News
Three Arrows Capital
Altcoin News

Breaking: Three Arrows Capital Dumps $33 Mln Staked Ethereum (stETH)

Crypto hedge fund Three Arrows on Tuesday swapped about $33 million worth of Lido Staked Ethereum (stETH) for Ethereum on DeFi platform Curve. The move comes as stETH prices diverge further from ETH prices in secondary markets, pressuring traders using the DeFi token as collateral. Three Arrows is the second major holder of stETH to

Crypto hedge fund Three Arrows on Tuesday swapped about $33 million worth of Lido Staked Ethereum (stETH) for Ethereum on DeFi platform Curve. The move comes as stETH prices diverge further from ETH prices in secondary markets, pressuring traders using the DeFi token as collateral. Three Arrows is the second major holder of stETH to

celsius
DeFi News
celsius
DeFi News

Celsius, Staked Ethereum (stETH) Are Pummeling DeFi Valuations

The DeFi space is facing a sharp drop in valuation amid concerns over the Celsius suspension and the Lido-staked Ethereum (stETH) de-pegging. Data from aggregator DeFi Llama shows that the total value locked into DeFi shrank by nearly 20% in the last 48 hours, to a one-year low of $79 billion. A mix of factors

The DeFi space is facing a sharp drop in valuation amid concerns over the Celsius suspension and the Lido-staked Ethereum (stETH) de-pegging. Data from aggregator DeFi Llama shows that the total value locked into DeFi shrank by nearly 20% in the last 48 hours, to a one-year low of $79 billion. A mix of factors

stETH
DeFi News
stETH
DeFi News

Staked Ethereum (stETH) Could Cause A Crypto Crash, Here’s How

Lido Staked Ethereum (stETH), a staked, DeFi variant of Ethereum, has diverged sharply from the latter in the past 48 hours. The token, which is supposed to trade at a 1:1 peg to ETH, is currently trading at $1,513.14 and has fallen 10% in the past 24 hours. By comparison, ETH is trading at $1,582.

Lido Staked Ethereum (stETH), a staked, DeFi variant of Ethereum, has diverged sharply from the latter in the past 48 hours. The token, which is supposed to trade at a 1:1 peg to ETH, is currently trading at $1,513.14 and has fallen 10% in the past 24 hours. By comparison, ETH is trading at $1,582.

Huobi To Shutdown Thailand's Unit After SEC Revoked Its License
DeFi News
Huobi To Shutdown Thailand's Unit After SEC Revoked Its License
DeFi News

This Crypto Exchange Is Investing $1 Bln Into DeFi Despite A 80% Crash

Crypto exchange Huobi Global launched a new venture capital arm aimed at investing in upcoming blockchain, web3 and DeFi projects. The spinoff is called Ivy Blocks, and has over $1 billion in assets under management as part of its “war chest,” the exchange said in a statement. The first project to be supported by Ivy

Crypto exchange Huobi Global launched a new venture capital arm aimed at investing in upcoming blockchain, web3 and DeFi projects. The spinoff is called Ivy Blocks, and has over $1 billion in assets under management as part of its “war chest,” the exchange said in a statement. The first project to be supported by Ivy

SCB plans to expand DeFi offerings through Compound
DeFi News
SCB plans to expand DeFi offerings through Compound
DeFi News

Despite The Terra Crash, This Major Bank Is Betting Big On DeFi

The venture capital arm of Thailand’s oldest bank, Siam Commercial, said it is investing in DeFi despite recent weakness in the space. SCB 10X said it deposited an undisclosed amount into  Compound Treasury, according to a report by Bloomberg. Compound offers 4% returns on deposits through its institution-grade products. It is the eighth-largest DeFi platform

The venture capital arm of Thailand’s oldest bank, Siam Commercial, said it is investing in DeFi despite recent weakness in the space. SCB 10X said it deposited an undisclosed amount into  Compound Treasury, according to a report by Bloomberg. Compound offers 4% returns on deposits through its institution-grade products. It is the eighth-largest DeFi platform

Vitalik-3
DeFi News
Vitalik-3
DeFi News

After Terra Collapse, Ethereum’s Vitalik Buterin Demands Greater Scrutiny in DeFi Sector

Ethereum co-founder Vitalik Buterin has come out in the open criticizing the current state of the DeFi market. While analyzing the collapse of the Terra ecosystem, Buterin said that there’s no real investment in the world that can deliver 20% returns per year. The Terra implosion has triggered a major sell-off in the crypto sector,

Ethereum co-founder Vitalik Buterin has come out in the open criticizing the current state of the DeFi market. While analyzing the collapse of the Terra ecosystem, Buterin said that there’s no real investment in the world that can deliver 20% returns per year. The Terra implosion has triggered a major sell-off in the crypto sector,

Chainalysis
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Chainalysis
News

Just-In: Chainalysis Partners With Bahamian Bank To Roll Out Crypto Services

Bahamian lender Capital Union Bank has engaged blockchain data platform Chainalysis to assist in rolling out crypto services. The move comes shortly after the island state adopted crypto-friendly legislation to attract investments. Chainalysis will help the bank with risk management and regulatory compliance as it begins offering crypto trading and custody services to its customers.

Bahamian lender Capital Union Bank has engaged blockchain data platform Chainalysis to assist in rolling out crypto services. The move comes shortly after the island state adopted crypto-friendly legislation to attract investments. Chainalysis will help the bank with risk management and regulatory compliance as it begins offering crypto trading and custody services to its customers.

Bitcoin bottom
DeFi News
Bitcoin bottom
DeFi News

Crypto Adoption Could Benefit From A Bond Market Crash, Here’s Why

Recent weakness in the bond market could potentially drive capital flows into crypto, given that the space offers relatively higher returns. Institutional interest in crypto has already picked up this year. Concerns over a possible recession and a hawkish Federal Reserve recently caused an inversion in the U.S. yield curve, as bond markets experienced heavy

Recent weakness in the bond market could potentially drive capital flows into crypto, given that the space offers relatively higher returns. Institutional interest in crypto has already picked up this year. Concerns over a possible recession and a hawkish Federal Reserve recently caused an inversion in the U.S. yield curve, as bond markets experienced heavy

Crypto markets see high volatility this year
Altcoin News
Crypto markets see high volatility this year
Altcoin News

WAVES Price Tumbles 18% Amid Market Manipulation FUD

WAVES, the native token on the eponymous blockchain, slumped as much as 18% overnight amid growing allegations of market manipulation. A new governance proposal to prevent short selling of the token was also lambasted by the crypto community. WAVES sank 18% to $44.09, retreating from some of its recent gains. The token had surged exponentially

WAVES, the native token on the eponymous blockchain, slumped as much as 18% overnight amid growing allegations of market manipulation. A new governance proposal to prevent short selling of the token was also lambasted by the crypto community. WAVES sank 18% to $44.09, retreating from some of its recent gains. The token had surged exponentially

WAVES accused of being a ponzi scheme
Altcoin News
WAVES accused of being a ponzi scheme
Altcoin News

Is WAVES’ Latest Rally Unsustainable? Crypto Twitter Weighs In

WAVES, the native token on the eponymous blockchain, rallied 84% in the past seven days. But the move raised a lot of eyebrows, considering that the token was rallying even as most other cryptos were consolidating recent gains. While early speculation suggested that the token, which hit a record high on Thursday, may have benefited

WAVES, the native token on the eponymous blockchain, rallied 84% in the past seven days. But the move raised a lot of eyebrows, considering that the token was rallying even as most other cryptos were consolidating recent gains. While early speculation suggested that the token, which hit a record high on Thursday, may have benefited

AAVE Protocol
DeFi News
AAVE Protocol
DeFi News

AAVE Price Rises 25% In Last 24 Hrs, Here’s What Is Fueling AAVE’s Rally

AAVE, the native token of the eponymous DeFi platform, rallied past its peers in 24 hours as traders reacted positively to the platform’s recent version three update. The token’s surge coincided with total value locked in the platform rising above a key level. AAVE price surged over 30% to $240- its highest level since early-January.

AAVE, the native token of the eponymous DeFi platform, rallied past its peers in 24 hours as traders reacted positively to the platform’s recent version three update. The token’s surge coincided with total value locked in the platform rising above a key level. AAVE price surged over 30% to $240- its highest level since early-January.

Here's How the SEC Proposed New Rule Could Impact DeFi, Digital Assets And Ripple
News
Here's How the SEC Proposed New Rule Could Impact DeFi, Digital Assets And Ripple
News

Here’s How SEC’s Proposed New Rule Could Impact DeFi And Ripple

The U.S. Securities and Exchange Commission (SEC) under the leadership of Gary Gensler continues to maintain its stringent stance against the cryptocurrency market. The SEC on Monday proposed a new rule to include certain significant market participants as “Dealers” or “Government Securities Dealers,” which could impact the DeFi space, digital assets, and Ripple. SEC’s New

The U.S. Securities and Exchange Commission (SEC) under the leadership of Gary Gensler continues to maintain its stringent stance against the cryptocurrency market. The SEC on Monday proposed a new rule to include certain significant market participants as “Dealers” or “Government Securities Dealers,” which could impact the DeFi space, digital assets, and Ripple. SEC’s New

ANC Logo
Altcoin News
ANC Logo
Altcoin News

Terra’s Anchor Protocol (ANC) Opens Vote On Possible Cut To 20% Yield

The Anchor Protocol (ANC), a Terra-based program that is currently one of the highest-yielding stablecoin platforms, opened a vote that could lower its nearly 20% annual returns. The community proposed a dynamic yield rate to help maintain the protocol’s reserves. Early voting results are mixed Terra founder expects yields to turn dynamic Second vote on

The Anchor Protocol (ANC), a Terra-based program that is currently one of the highest-yielding stablecoin platforms, opened a vote that could lower its nearly 20% annual returns. The community proposed a dynamic yield rate to help maintain the protocol’s reserves. Early voting results are mixed Terra founder expects yields to turn dynamic Second vote on

Ghana is developing a CBDC
News
Ghana is developing a CBDC
News

Ghana Proposes Hardware Wallets To Support New Digital Currency

The Central Bank of Ghana said inclusiveness would be a major factor for its upcoming digital currency, the eCedi, and will attempt to bring the currency to citizens without a bank account, or even internet access. In a design paper released on Tuesday, the bank proposed the use of hardware wallets and other devices for

The Central Bank of Ghana said inclusiveness would be a major factor for its upcoming digital currency, the eCedi, and will attempt to bring the currency to citizens without a bank account, or even internet access. In a design paper released on Tuesday, the bank proposed the use of hardware wallets and other devices for

Lido Shut Downs Terra Support, Starts bLUNA And stLUNA Withdrawal
Altcoin News
Lido Shut Downs Terra Support, Starts bLUNA And stLUNA Withdrawal
Altcoin News

Terra (LUNA) Community Burns 4 Million LUNA Tokens To Build TerraUSD (UST) Reserves

The Luna Foundation Guard (LFG), a blockchain community centered around the Terra network, said it had burnt 4 million LUNA tokens to mint about 372 million of the stablecoin TerraUSD (UST).  The UST proceeds will go towards acquiring more collateral to bolster the foundation’s non-LUNA reserves. The move comes as growing volatility in the market

The Luna Foundation Guard (LFG), a blockchain community centered around the Terra network, said it had burnt 4 million LUNA tokens to mint about 372 million of the stablecoin TerraUSD (UST).  The UST proceeds will go towards acquiring more collateral to bolster the foundation’s non-LUNA reserves. The move comes as growing volatility in the market