DeFi
How a New Tax Proposal From the IRS Could Impact DeFi
The U.S. Internal Revenue Service (IRS) has a public hearing slated on Monday about proposed regulations for digital asset transactions. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the crypto industry's reaction to the proposal and what it could mean for decentralized finance (DeFi) projects.
Injective Survey Suggests Many Traders Use Both Centralized and Decentralized Exchanges
As part of CoinDesk's Trading Week 2023, presented by CME Group, Injective Labs co-founder and CEO Eric Chen joins "First Mover" to share insights into some of the strategies for DeFi traders, including 64% saying they trade on both a centralized and decentralized exchange. Injective says the data was collected from hundreds of traders contacted via multiple channels. After the preliminary data verification, answers were included from 224 qualified respondents.
Curve Finance’s Stablecoin Maintains Peg as Others Struggle: Kaiko
Curve Finance's stablecoin, crvUSD, is maintaining its peg as other stablecoins struggle, emerging as a rare bright spot amidst a bear market that has hit DeFi protocols especially hard, according to Kaiko data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
CFTC Commissioner Mersinger Discusses Spot Bitcoin ETF Optimism, Crypto Regulation
As part of CoinDesk's State of Crypto 2023 event in Washington, D.C., CFTC Commissioner Summer K. Mersinger shares insights into the state of U.S. crypto regulation and also explains why she's "not surprised" about spot bitcoin ETF excitement fueling market optimism. Plus, Mersinger weighs in on the regulator recently targeting three decentralized finance (DeFi) operations and Binance renewing its push to fend off charges from the CFTC.
Crypto Spot Market Regulation Gap Unaddressed for 'Far Too Long': Former CFTC Commissioner Stump
As part of CoinDesk's State of Crypto Week, presented by Chainalysis, former CFTC commissioner Dawn Stump discusses her take on the biggest challenges and gaps in the U.S. crypto regulatory landscape. Plus, what lawmakers can do when it comes to overseeing the crypto spot market, industry implications of ether futures ETFs and the outlook for regulating decentralized finance (DeFi).
[SPONSORED CONTENT] Commissioner Mersinger touches on the hot topic of DeFi regulation and the need for collaboration
CFTC Commissioner Summer Mersinger joins us at Meridian to discuss DeFi regulation and her advice to both DeFi stakeholders and regulators, stressing the need for clearer guidance and collaboration amongst the two sides.
Ethereum Network 'Remains the Place to Operate as a Criminal,' Immunefi CEO Says
A new report from Immunefi, which is a bug bounty and security services platform for Web3, found that more than $1 billion was lost in crypto this year and more than $600 million was lost last quarter. Immunefi Founder and CEO Mitchell Amador discusses the details of the report and the outlook for DeFi.
Ankex CEO Michael Moro: We'll Look to Enter the U.S. 'When it Makes Sense'
Non-custodial hybrid exchange Ankex moved from alpha to beta testing this week. Ankex CEO Michael Moro shares insights into the platform striking a balance between CeFi and DeFi, his regulatory outlook and current demand.
Fireblocks CEO on Non-Custodial Wallet Service Demand in Wake of FTX Collapse
A new non-custodial wallet-as-a-service is offering fintech and corporate clients from acting as custodians, in an effort to make it easier for end users to access DeFi and other Web3 apps. Fireblocks co-founder and CEO Michael Shaulov shares insights into the move. "On the back of what happened with FTX, Celsius, and other entities last year...we've seen a lot of demand from end users to get clarity on what is the control of their wallets," Shaulov said.
Curve Crisis Reveals Cracks in Decentralized Risk Management
The $70 million hack on Curve, one of the largest decentralized crypto exchanges, revealed cracks in the DeFi promise. The hack set off a Rube Goldberg-esque series of events that pushed DeFi lending to its limits – threatening to send the price of a key DeFi asset into a downward “death spiral,” and raising critical questions about whether community-driven financial platforms are equipped to manage risk. "The Hash" panel weighs in.
