The global Web3 boom is expected to add $1.1 trillion to the Indian economy over the next decade, supporting the investment-based momentum driven by over 450 in-house startups, including CoinDCX, Polygon and CoinSwitch.  A recent study from the National Association of Software and Service Companies (NASSCOM), an Indian non-governmental trade association and advocacy group, highlighted India’s position as a leading […]

On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens. ** Editor’s note: According to an update later posted to the Olympus Discord channel, […]

Following news that both BlackRock and Fidelity have entered the digital currency market, many institutional analysts have predicted that within the next six months, bitcoin will reach a price of about $35,000 per unit, while Ethereum will jump into the $2,000 range. How Much Has Bitcoin Lost? On paper, this doesn’t look all that spectacular. After all, bitcoin – just […]

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. The last week’s headline was dominated by some of the biggest hacks in DeFi. This week is redemption time for many DeFi protocols that either averted an attempted hack or got a significant chunk […]

Three Arrows Capital. Celsius. Voyager Digital. The list of crypto bankruptcies, shutdowns and trading freezes has been endless in 2022. And the year isn’t over yet. This week, German crypto bank Nuri urged its users to withdraw funds ahead of the company’s planned shutdown in December — at least Nuri’s users were given proper notice.  The crypto bear has been […]

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  As Bitcoin continues to crab sideways, Fidelity Digital Assets prove their optimism about the long term prospects of the crypto industry. The Digital Assets unit of the investment giant unit is doubling down on hiring, as they plan to add another 100 new staff over the next six months. Chris […]

The latest trading data about the recent trading activity of Coinbase customers paints a bullish picture for Cardano ($ADA). According to data from crypto exchange Coinbase, as of 1:30 p.m. UTC on October 21, in the past 24-hour period, 91% of Coinbase customers increased their “net position” in $ADA, which could mean that “the asset is gaining popularity.” Talking of […]

South Africa’s Financial Sector Conduct Authority (FSCA) has declared crypto assets as “financial products”, setting up the pace for the inclusion of the asset class under the country’s regulatory purview. According to General Notice published Wednesday, the authority acknowledged crypto assets as a digital representation of value that uses distributed ledger technology. Further, it noted that these assets were not […]