The European Edition of the prominent Global Blockchain Congress by Agora Group that took place on July 24th & 25th, 2023 at Hilton London Bankside, UK, was a huge success. This edition’s main theme was: DeFi, Gaming, Metaverse, and NFTs, which brought A-list speakers, some of the industry’s top-level experts,
According to a recent ruling from the United States’ highest tax body, cryptocurrency holders are required to include staking rewards in their gross income for the year they were earned. Internal Revenue Service Revenue Ruling 2023-14 was released on July 31. It clarified the tax treatment of profits from staking
In a devastating blow to the decentralized finance (DeFi) ecosystem, several projects utilizing Vyper— an alternative programming language for Ethereum smart contracts, suffered significant losses, with attackers making off with over $47 million. The incidents occurred on July 30, targeting stable pools on Curve Finance, an automated market maker platform.
Lido Finance, a leading liquid staking solution, is unveiling a whole new tokenomics framework. At this year’s EthCC conference, LidoDAO’s business development contributor Marin Tvrdi said that the organization’s members are “pushing” for a dual governance model. If enacted, it will offer Lido users veto power over governance proposals authorized
In a recent tweet, Changpeng Zhao, also known as CZ and the CEO of Binance, the world’s largest cryptocurrency exchange, issued a cautionary reminder to the crypto community regarding the potential risks associated with certain aspects of the market, the term “Impermanent Loss.” Let’s explore what it means for DeFi
Boba Network, an exclusive multichain layer-2 (L2) solution driven by HybridCompute ™, today announced the unprecedented integration of Oku, the most advanced DeFi trading platform powered by Uniswap v3 and built by GFX Labs. As Boba Network leads the way in delivering off-chain data and computation capabilities with HybridCompute ™, this
Insolvent Celsius Network LLC has struck a deal that will simplify its legal proceedings. The company has reportedly offered an extra 5% on its claims if a large number of its account holders agree to take part in a legal settlement over allegations of managerial wrongdoing. Celsius Network’s arrangements may
The creditors of bankrupt cryptocurrency lender Celsius and the Series B holders have agreed on a plan to disburse $25 million to the shareholders, with $24 million going towards legal fees and the remaining $1 million being split evenly among the parties. While the terms of the sale to Galaxy
Post receiving approval from the U.S. court supervising its bankruptcy case, the insolvent cryptocurrency lender Celsius has begun selling its altcoin assets in exchange for Bitcoin (BTC) and Ethereum (ETH). After a brief halt in withdrawals due to a lack of client cash, Celsius filed for bankruptcy protection in July
After his arrest on Thursday on allegations of fraud, a U.S. District Judge set bail for Alex Mashinsky, founder and former CEO of insolvent crypto lender Celsius, at $40 million. Court records show that Mashinsky entered a not-guilty plea to seven charges. Including deceiving investors and manipulating the price of
