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DeFi News
Medium
5d
354
Image Credit: Medium
What If You Owned Your Digital Life?
- You don't own your digital life, you rent it under conditions you didn't write.
- ZenBox offers a secure, encrypted digital container that you own, giving you control over your data.
- ZenBox encodes terms and conditions in smart contracts, making them transparent, enforceable, and revocable.
- ZenBox aims to be the first place for users to store their digital belongings, seeking user input to shape the open protocols.
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Livebitcoinnews
5d
334
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COTI Announces High-Speed Layer 2 Mainnet for Web3 Privacy.
- COTI has launched its Layer 2 mainnet, providing high-speed confidential transactions for Web3 using Privacy-on-Demand.
- The mainnet is designed to be interoperable with other blockchains, addressing adoption challenges for businesses and institutions that require privacy and speed.
- Garbled Circuits, a cryptographic protocol developed in collaboration with Soda Labs, ensures secure and confidential transactions up to 3,000 times faster than existing solutions.
- COTI's Layer 2 mainnet is being integrated by Web3 applications and is also involved in central banking and government initiatives, such as the Digital Shekel pilot.
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Bitcoinist
5d
85
Image Credit: Bitcoinist
DeFi Lending Protocol Partners With Credora Network To Bring Risk Ratings To The Ecosystem
- The Credora Network has collaborated with Morpho, a decentralized lending protocol, to provide third-party risk ratings to the DeFi ecosystem.
- Through the collaboration, Credora Network's Risk Ratings are now available on Morpho, allowing users to have access to credible and neutral risk metrics.
- Credora Network aggregates collective intelligence from leading risk experts, aiming to provide transparent and standardized risk ratings for diverse assets.
- The integration of risk standards and permissionless lending on Morpho is expected to bring transparency and risk management to the DeFi ecosystem.
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Bitcoinist
5d
53
Image Credit: Bitcoinist
Major Crypto Discussions Ahead: SEC Announces 4 Roundtables
- The Securities and Exchange Commission (SEC) has announced four public roundtables over the next three months to discuss key issues in crypto regulation and adoption.
- The roundtables will cover topics such as cryptocurrency trading, custody and custodians, tokenization, and decentralized finance (DeFi).
- The SEC Crypto Task Force aims to create clear and transparent rules for the crypto industry and balance the interests of all stakeholders.
- The roundtables will be open to the public and can help shape future policies and regulations in the crypto space.
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Blockonomi
5d
212
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US Senate Passes Resolution Repealing IRS DeFi Rule, Now It Heads to Trump
- The U.S. Senate has passed the Congressional Review Act (CRA) resolution aimed at repealing an Internal Revenue Service (IRS) rule imposing tax reporting requirements on decentralized finance (DeFi) platforms.
- The resolution, introduced by Representative Mike Carey, passed with bipartisan support and now heads to President Donald Trump for his signature.
- The White House has expressed strong support for the resolution, criticizing the Biden-era rule for stifling innovation, compromising taxpayer privacy, and burdening the DeFi sector.
- If signed into law, the CRA measure would prevent the IRS rule from taking effect and allow DeFi platforms to operate without the proposed reporting requirements.
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TheNewsCrypto
5d
290
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Donald Trump Set to End IRS DeFi Tax Rule After Senate Vote
- The U.S. Senate voted to repeal a controversial tax rule targeting decentralized finance (DeFi) platforms.
- Crypto advocacy organizations celebrate the repeal, hoping for the permanent removal of the rule.
- DeFi platforms relieved from new IRS reporting rules, easing regulatory pressure.
- The repeal measure moves to President Donald Trump’s desk for approval.
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Crypto-News-Flash
5d
368
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SEC’s Crypto Task Force to Host 4 Roundtables on DeFi, Tokenization & More
- The SEC's Crypto Task Force will host four roundtables over three months focusing on DeFi, tokenization, and asset classification.
- Commissioner Peirce and Acting Chair Uyeda emphasize open dialogue over enforcement, signaling a more collaborative regulatory shift.
- The roundtables will address the classification of crypto tokens as securities, as well as topics such as crypto trading, custody, tokenization, and decentralized finance.
- The SEC is also seeking public participation and exploring the potential appointment of Paul Atkins, known for his favorable view of digital assets, to shape future regulations.
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22 Likes
Bitcoinist
5d
315
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US Asset Manager Fidelity Explores Potential Stablecoin Launch
- Fidelity Investments, a US asset management firm, is exploring the possibility of launching its own stablecoin.
- Stablecoins, which aim to maintain a stable value, have gained popularity with approximately $238.5 billion in circulation.
- Tether, the leading stablecoin, has over $140 billion worth of its token, USDT, and has been profitable through interest earned on reserves.
- Fidelity is actively testing a stablecoin but has no immediate plans for a public launch, following the trend of financial institutions entering the cryptocurrency sector.
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Newsbtc
5d
258
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GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase
- GameStop plans to raise $1.3 billion to invest in Bitcoin through convertible senior notes.
- The company recently designated Bitcoin as a treasury reserve asset.
- Wall Street analysts express skepticism about GameStop's ability to replicate the success of other Bitcoin-heavy companies.
- GameStop reported a 28% decline in net sales for the fourth quarter and decreased adjusted EBITDA for the full fiscal year.
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Medium
5d
69
Image Credit: Medium
Why TVL is Crypto’s Biggest Lie (And What Really Matters)
- Relying solely on Total Value Locked (TVL) can lead to misleading insights in the crypto industry.
- Double counting is a common issue in calculating TVL, where the same funds are counted multiple times across different protocols.
- TVL can be inflated by temporary incentives and locking of tokens, which may not necessarily represent real value creation.
- Rather than focusing on TVL alone, it is more important to assess active engagement, productivity, and sustained growth in the crypto ecosystem.
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Bitcoinist
6d
304
Image Credit: Bitcoinist
Immutable Exonerated: SEC Drops Investigation Into Web3 Gaming Company
- The US Securities and Exchange Commission (SEC) has closed its inquiry into crypto company Immutable and its associated parties.
- This development marks a significant milestone for Immutable and the cryptocurrency industry.
- The closure of the inquiry aligns with a shift in regulatory approaches initiated during the Trump administration.
- Immutable plans to accelerate growth in the Web3 gaming sector with regulatory clarity.
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18 Likes
Medium
6d
379
Image Credit: Medium
How I Used A WhatsApp Bot To Exchange My Fiat Currencies To CryptoCurrencies.
- AZZA AI is a chatbot integrated into WhatsApp that helps users with p2p transactions and provides information on rates of cryptocurrencies and fiat currencies.
- Users can use simple commands or natural language to perform transactions, such as swapping currencies or checking balances.
- AZZA AI charges low gas fees and offers a 1% cash back for crypto trades.
- It has processed over 900+ transactions with a trading volume of $60,000 and has gained over 500 active users.
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22 Likes
NullTX
6d
16
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BlackRock’s BUIDL Fund Leads the Charge in Bridging DeFi and TradFi with RWAs
- BlackRock's BUIDL fund exemplifies the convergence of traditional finance (TradFi) and decentralized finance (DeFi) by exploring the use of DeFi for real assets like tokenized treasuries.
- Tokenized treasuries, previously limited to centralized systems, now offer increased liquidity and transparency in DeFi, attracting interest from various investors and asset managers.
- BlackRock's influence in the tokenized treasury market through the BUIDL fund, issued by Securitize, has significantly contributed to the sector's growth.
- The BUIDL fund showcases the ability to create tokens representing traditionally illiquid assets, attracting attention from other financial institutions and signaling rising demand for innovative structures.
- The integration of DeFi and TradFi, led by BlackRock's BUIDL fund, represents a pivotal shift in the financial landscape and highlights the potential of tokenizing real-world assets.
- Despite regulatory challenges, the tokenization of real-world assets (RWAs) is gaining momentum, with BlackRock paving the way for combining traditional finance with blockchain technology.
- The market for tokenized treasuries is expanding, with more financial institutions likely to follow BlackRock's lead in merging DeFi and TradFi.
- BlackRock's BUIDL fund is at the forefront of driving significant changes in the financial sector by leveraging blockchain technology to tokenize real-world assets and bridge traditional and decentralized finance.
- By enabling the tokenization of RWAs, BlackRock is pioneering a transformation that aligns old-fi and new-fi, offering investors a bridge between cash and digital assets.
- The BUIDL fund represents more than just a trend; it marks the beginning of a substantial evolution in finance, positioning itself as a key player in shaping the global financial system within DeFi.
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Medium
6d
49
Image Credit: Medium
Dmail: The Future of Secure and Decentralized Communication
- Dmail is a revolutionary Web3 email service that combines decentralization, security, and blockchain technology.
- It is a fully decentralized, user-owned communication ecosystem that ensures privacy, transparency, and seamless interaction across blockchain networks.
- Dmail operates on blockchain technology, ensuring messages remain private, secure, and resistant to censorship.
- Dmail offers multi-chain integration, tokenized engagement, and smart monetization features.
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Bitcoinist
6d
334
Image Credit: Bitcoinist
Ripple Accepts SEC Settlement, Reduces Original Fine By Over Half To $50 Million
- Ripple has reached a settlement with the SEC, reducing the fine to $50 million from the initial $125 million.
- The resolution of the case marks an end to a legal battle that started in 2020 when the SEC filed a lawsuit against Ripple for conducting an unregistered securities offering.
- Ripple's legal victory brings clarity for XRP and will likely allow the company to move forward.
- The settlement is seen as a positive outcome for Ripple, as it avoids the ongoing injunction that could have impacted its operations.
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