Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills

Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills

The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18.... Read more »
Indian Government 'Constantly Monitoring' Crypto Sector, Says Finance Minister

Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister

India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented... Read more »
Decentralized Finance Space Heats up With Launch of World’s First DeFi ETF

Decentralized Finance Space Heats up With Launch of World’s First DeFi ETF

The decentralized finance (DeFi) space is continuing to heat up, with the world’s first ever exchange traded fund (ETF) launching this month. Hashdex, a Brazilian asset manager, is launching an ETF fund... Read more »
India Proposes 30% Tax on Crypto Income — Finance Minister Cites 'Phenomenal Increase' in Crypto Transactions

India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions

The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets... Read more »
Binance Smart Chain Protocol Qubit Finance Hacked for $80M

Binance Smart Chain Protocol Qubit Finance Hacked for $80M

Key Takeaways A hacker has stolen 206,809 BNB worth $80 million from Qubit Finance. The hacker exploited a vulnerability on the protocol’s Ethereum bridge. The Qubit team has offered a bounty of... Read more »
Decentralized and traditional finance tried to destroy each other but failed

Decentralized and traditional finance tried to destroy each other but failed

The year 2022 is here, and banks and the traditional banking system remain alive despite decades of threatening predictions made by crypto enthusiasts. The only endgame that happened— a new Ethereum 2.0... Read more »
Wellfield Outlines 2022 Focus - Providing Services and Applications to Unlock the Power of Decentralized Finance (DeFi)

Wellfield Outlines 2022 Focus – Providing Services and Applications to Unlock the Power of Decentralized Finance (DeFi)

During 2022, Wellfield is focused on introducing solutions that address the following: make bitcoin compatible with DeFi; enable decentralized cross-blockchain trading; permit existing DeFi liquidity providers to scale; and empower non-participating... Read more »
Former Finance Secretary Doubts Indian Government Understands Crypto

Former Finance Secretary Doubts Indian Government Understands Crypto

The Indian government has not introduced the cryptocurrency bill that was listed to be taken up in the winter session of parliament. Former Finance Secretary Subhash Chandra Garg says he has no... Read more »
$8.2M Lost as Visor Finance Suffers Latest DeFi Hack

$8.2M Lost as Visor Finance Suffers Latest DeFi Hack

Key Takeaways The DeFi protocol Visor Finance has been hacked, resulting in over $8 million worth of losses. A hacker is thought to have exploited a reentrancy bug that allowed them to... Read more »
Fantom DeFi Project Grim Finance Suffers $30M Hack

Fantom DeFi Project Grim Finance Suffers $30M Hack

Key Takeaways An unknown hacker has stolen $30 million from the Fantom-based DeFi project Grim Finance. The hacker exploited a reentrancy bug in the project’s smart contracts. Following the attack, Grim Finance’s... Read more »