NFT & DEFI

Dego Finance was hacked on February 10. Shortly after, it joined forces with prominent cryptocurrency exchanges such as Binance, Kucoin, and Gate.io to close deposits of its native governance and equity token, DEGO. The…
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Italian carmaker Alfa Romeo has unveiled its latest vehicle, the Tonale SUV. The firm claims that it is the first in the industry to connect each vehicle to its own blockchain-based token, which can keep track of the car’s whole life…
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Brazilian crypto asset manager QR Assets has launched a decentralized finance exchange-traded funds, or DeFi ETF, on the Brazilian Stock Exchange.The DeFi ETF called QDFI11 would track the Bloomberg Defi index and make 100% of its…
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Yearn.Finance (YFI) has been in the news in recent weeks, driving the latest price breakout. After news of a proposed shift in tokenomics hit the market, the token drew a lot of attention. According to the proposal, a portion of the YFI…
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Financial services company Circle, the issuer of USDC, has enabled support for the dollar-backed stablecoin on the Flow network, making it the eighth integration for the second-largest stablecoin on a blockchain network.…
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Benedetto Vigna – Chief Executive Officer of Ferrari – opined that the blockchain and NFT industry are niches that “deserve some attention.” As such, the exec hinted that the luxury sports car manufacturer might continue…
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Popular sneaker maker Nike has started the “licensed NFT” wars by taking an online reseller called StockX to court for trademark infringement or sale of unlicensed nonfungible token (NFT) sneakers.According to a Reuters report, Nike has…
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Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has released a controversial set of guidance that could affect innovation in Decentralized Finance (DeFi).The updated regulation focuses on the treatment of…
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DeFi made headlines with its meteoric rise in market cap in early 2021, but it correspondingly uncovered the sector to potential cyber threats. Along with a total of 10x market growth, illicit transactions towards DeFi protocols have…
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The blockchain-based data platform – Chainalysis – estimated that the total cryptocurrency value laundered in 2021 was $8.6 billion – 30% more than 2020. According to the company, though, such an increase is somewhat…
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