On Tuesday, leading blockchain firm ConsenSys made public its intention to contribute to a case that challenges the Internal Revenue Service’s (IRS) authority to tax staking rewards. The Jarretts, a Tennessee couple, filed a claim against the IRS in 2021 to recoup the federal income taxes that had been withheld
A vulnerability in the smart contracts underlying the decentralized finance (DeFi) protocol CoW Swap has resulted in the theft of around 551 BNB worth around $181,600. The attacker reportedly added a wallet address as a “solver” of CoW Swap. And then used a transaction to authorize DAI transfers to SwapGuard
According to the Uniswap DAO forum, Andreessen Horowitz (a16z), a venture capital company, voted against the final proposal to deploy Uniswap v3 on the BNB Chain through the Wormhole Bridge. 0xPlasma Labs, speaking for the Uniswap Community, presented a governance request on February 2. To deploy the current version of
On Thursday, the fundamental contract of Orion Protocol, a liquidity aggregator for CeFi and DeFi exchanges, was compromised in both its Ethereum and Binance Smart Chains (BSC) deployments. More than 1,700 Ethereum, or more than $3 million, were stolen by the hacker. On Thursday the breach was feasible due to
Everlend, a DeFi borrowing and lending platform based on Solana, has stated that it would be discontinuing operations. Including further development of the platform. Project leaders explained its end in a statement released Wednesday. Citing a shortage of liquidity and the general contraction of the borrowing and lending market as
Launching on an Avalanche Subnet, the decentralized cryptocurrency exchange Dexalot represents a new breakthrough in the development of decentralized trading protocols. Without sacrificing decentralization and transparency, the Dexalot Subnet seeks to imitate the user experience of a CEX. Using the Avalanche Fuji test network, its team has spent months developing
According to a statement released on January 26th, the Solana decentralized finance (DeFi) platform Friktion is closing down its user interface. And encouraging consumers to remove their money from the protocol. Due to the platform’s website switching to a withdrawal-only mode for all Volts, deposits are no longer possible. According
Aave’s integrations lead Marc Zeller said in a post on January 26 that the company has bought 2.7 million Curve (CRV) tokens, which will settle “excessive remaining bad debt” in a dozen transactions over the following 15 hours. The decision was made when Aave Improvement Protocol (AIP) 144 was approved
Major firms in the market are reducing growth plans. And cutting operational expenditures, which has led to layoffs, as the crypto winter has made a strong dent. Matrixport, a crypto investment and lending organization located in Singapore. Has announced layoffs in its marketing department, which would affect around 10% of
Celsius said in court on Tuesday that it is considering issuing a new digital asset token as part of its strategy to restructure and emerge from bankruptcy as a future regulated cryptocurrency platform. At a video hearing, Celsius’s attorney Ross M. Kwasteniet argued that creditors would be better served by
