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NFT & DEFI
Here’s How Crypto Traders are Converting Worthless NFTs into Tax Breaks
Crypto traders are converting worthless NFTs into tax breaks. They’re using a service started just for that purpose. Others are taking advantage of IRS tax loopholes for tax breaks on their losses from BTC, ETH, and others…
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Crypto exchange adoption boosts ENS registrations to over 2.2M
2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space.According to the service, over 80% of the total ENS…
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2023 will see the death of play-to-earn gaming
Play-to-earn gaming enabled by blockchain technology has grown exponentially over the few years. Gamers have embraced the opportunity to collect cryptocurrencies or nonfungible tokens (NFTs) that have been produced in blockchain-based…
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Is DeFi a Better Choice for Crypto Investors Than CeFi? A Deep Dive
There’s no denying the fact that the crypto market has been faced with a major bearish onslaught over the last couple of months. This is made evident by the fact that since the start of May, the industry has witnessed the collapse of many…
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Mango Markets $110M Exploiter Arrested, Faces Charges in New York
Cryptocurrency investor Avraham Eisenberg has been arrested in Puerto Rico on charges of commodities fraud and manipulation for allegedly stealing more than $100 million from decentralized finance (DeFi) protocol Mango…
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Manchester United Accused of Copying NFT Artist For Its Own Collection
On December 28, NFT artist Lucréce reported via Twitter that he is in talks with Arthur Breitman, co-founder of Tezos, to get an explanation from Manchester United soccer about why its new NFT collection uses designs and…
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DeFi sees exploits and exit scam drama in the last week of 2022: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.For DeFi, the last week of 2022 saw another slew of exploits,…
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Ethereum founder says he hopes Solana gets a ‘chance to thrive’
Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were…
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Amidst Crypto Market Crash, Defi Projects Consider Reloading Their Treasures
Some of the most critical projects in decentralized decentralized Event Organiser finance created as a parallel universe to traditional lending but without intermediaries like brokerages and banks, are still suffering…
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The FTX Contagion Goes on: Midas Investments Closes Down
The cryptocurrency platform Midas Investments disabled deposits and swaps due to severe financial losses caused by Celsius’ bankruptcy and FTX’s fiasco.
CEO Iakov Levin said the organization will aim to focus on a new…
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