Following a successful 2024 for the crypto space, enthusiasts are eyeing up the most profitable protocols on offer in 2025. Among these, Lunex Network ($LNEX) has been tipped as a frontrunner, contending with big players such as Ethereum and Binance Coin (BNB). The protocol brings a fresh approach to trading
With Bitcoin trading below the $94K price range and overall market cap dropping by around 2%, the crypto market is having a dull end to 2024. However, the total market volume in the last 24 hours increased by 17.41%, as per CoinMarketCap. Meanwhile, DeFi space occupies 8.15% of the total
The New DeFi Regulations from the IRS On December 27, 2024, the IRS released a final rule that may change the course of decentralized finance (DeFi) forever. The rule classified DeFi front-end platforms as brokers, similar to those in decentralized exchanges (DEXs). This means that Uniswap, among other similar exchanges.
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
