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On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, … Read more
The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings. Go to Source Powered by WPeMatico
Arbitrum is making moves to become the hub of decentralized derivatives trading and DeFi activity within the layer-2 space. Go to Source Powered by WPeMatico
For DeFi to make a major comeback, projects must focus on enhancing consumer experience while utilizing sustainable incentive schemes, experts believe. Go to Source Powered by WPeMatico
Crypto exchange Algodex and wallet provider MyAlgo have both suffered security breaches in the last few weeks. Go to Source Powered by WPeMatico
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model. Go to Source Powered by WPeMatico
On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform’s yield farming experience. Pancakeswap Announces Version … Read more
On March 3, 2023, Uniswap Labs, the firm behind the decentralized exchange Uniswap, announced the launch of a limited early-release application through Apple’s Testflight program. The company stated that the limited release was due to Apple not granting approval for the application launch, and the team does not know why. Uniswap Labs Launches Limited Early-Release … Read more
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido accounting … Read more
A new set of decentralized exchanges can enable multichain trading and margin trading for users. Go to Source Powered by WPeMatico
