decentralised finance

There are few technologies as confusing to most people as crypto and blockchain. The tech and regulations underpinning it are evolving so rapidly, it is difficult for even technologists to often make sense of it.Crypto assets and crypto…

SushiSwap, a DeFi protocol, was exploited over the weekend that resulted in the loss of $3.3 million (roughly Rs. 27.03 crore). As per blockchain firms CertiK and Peckshield, a smart contract around function approvals was exploited by…

The G20's Financial Stability Board (FSB) said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year.The fast-growing…

FTX, the US-based crypto platform that succumbed to liquidity crunch and shook-up the crypto market in November, led to the wipe-off of nearly $200 billion (roughly Rs. 16,53,499 crore) from the market. The drastic reaction from investors…

Decentralised Finance (DeFi) stands at an exciting juncture today. This technological innovation-led revolution bubbling under the surface over the years has started to make its impact felt globally, capturing the attention of everyday…

The Indian Web3 community celebrated the successful completion of Ethereum’s transition into a less energy-intensive technology to run its blockchain on Thursday, with “Happy Merge Day” turning into a greeting of choice among stakeholders.…

On Monday evening the Reserve Bank of India issued a clarification on prepaid payment instruments (PPIs) such as wallets and prepaid cards, saying non-bank institutions cannot load credit lines onto them. This could deal a huge blow to…

After all but decimating India’s fledgling crypto industry with exorbitant taxes, the government is now eyeing decentralised finance (DeFi) platforms outside India where some investors have stashed their crypto to earn interest from it. A…

Mumbai: Indians earning “interest” on their cryptocurrencies from platforms outside India have come under taxman’s scrutiny, two people familiar with the development said. The tax department is looking to slap additional tax deducted at…

Pillow, a decentralised finance startup that helps generate yields on crypto investments, has raised $3 million in a seed funding round led by Elevation Capital. A clutch of angel investors – including Polygon founders JD Kanani and…