IRS Targets DeFi Platforms with New Reporting Rules The U.S. Internal Revenue Service has recently released a new tax regulation that is going to affect decentralized finance platforms from 2027. The regulations require DeFi brokers to report all the gross proceeds from the sale of digital assets and collect user
As many countries, including the United States, show growing support for cryptocurrency, India’s Ministry of Finance recently discussed its views on Decentralized Finance (DeFi), highlighting both its promise and the challenges it poses. In response to a question in the Rajya Sabha, Pankaj Chaudhary, Minister of State for Finance, acknowledged
Ethereum, since its inception in 2015, has been the cornerstone of decentralized finance (DeFi), NFTs, and smart contract applications. However, as the Ethereum network gained popularity, its scalability issues became evident. High gas fees and network congestion have often made it expensive and inefficient for users. To address these challenges,
The world of decentralized finance (DeFi) is evolving at a breathtaking pace, transforming areas like lending, trading, and asset management within financial services. By cutting out middlemen and offering unmatched transparency, DeFi protocols empower users with lower costs, faster transactions, and a financial system free from traditional inefficiencies. This transformation
According to Uniswap, the developers of Unichain, a Layer 2 solution with an emphasis on DeFi that is based on the OP Stack, are targeting the launch of their public mainnet in early 2025. Since its launch in October, the project has been running on Ethereum’s Sepolia testnet. Which has
Since the return of the bull run as the year comes to end, several altcoins recorded huge price surges following Bitcoin. However, the major cryptocurrencies are trading in red for the past week, Bitcoin and Ether returning to $95K and $3.3K price ranges respectively. The total DeFi trading volume is
Decentralized Finance (DeFi) is transforming the financial industry by leveraging blockchain technology to enable peer-to-peer transactions without traditional intermediaries like banks. Alongside this revolution, the Lightchain AI Presale is opening exciting opportunities for investors to get involved in the next wave of innovation within the DeFi ecosystem. DeFi offers services
Mantis, the first intent-based trading platform on Solana utilizing a solver network for optimal trade execution, is proud to announce that Arthur Hayes, Chief Investment Officer of Maelstrom, has joined as a strategic advisor. Hayes, a trailblazer in crypto derivatives and the co-founder of BitMEX, brings unmatched expertise in trading
The Trump presidency will be a pro-crypto one and this will come with a new legislative framework that is expected to make the life of developers and institutional investors significantly easier. This is the sign that many financial institutions have been waiting for. Goldman Sachs CEO David Solomon has revealed
While the broader crypto industry is awaiting a bull run at a larger scale in 2025, several crypto projects are focusing on their growth and development. Frax Finance has also laid out some of its initiatives for 2025 such as token upgrades, hard fork, growth in DeFi adoption, and AI
