DeFi - Crypto News And Market Updates

Illustration depicting BlackRock BUIDL connected to blockchain networks and digital infrastructure.

Frax Community Approves frxUSD Stablecoin Backed by BlackRock’s BUIDL

January 2, 2025 Gonzalo

Frax community greenlights frxUSD stablecoin backed by BlackRock’s BUIDL fund, merging decentralized finance with traditional financial assets.

IRS Targets DeFi: Blockchain Groups Challenge New Broker Reporting Rule

December 29, 2024 Gonzalo

Blockchain groups sue IRS, claiming new broker rules harm DeFi innovation, privacy, and U.S. blockchain leadership. Regulatory overreach debated.

Blockchain Association Sues IRS Over Crypto Broker Rules

December 28, 2024 Gonzalo

Blockchain Association sues IRS, claiming new crypto broker rules infringe on privacy, exceed authority, and risk stifling U.S. blockchain innovation.

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Pig Butchering Crypto Scams Cost Victims $3.6B in 2024

December 27, 2024 Gonzalo

Pig butchering scams cost crypto users $3.6B in 2024, exploiting Ethereum vulnerabilities and fake investments, as revealed in a Cyvers Web3 security report.

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South Korea Sanctions 15 North Koreans Over Crypto Heists and Cyber Theft

December 26, 2024 Gonzalo

South Korea sanctioned 15 North Koreans tied to $1.3B crypto thefts in 2024, accusing them of funding DPRK’s nuclear weapons and missile programs.

Illustration comparing Bitcoin’s network growth to early-stage Google adoption and exponential user expansion.

Animoca Brands Co-Founder Yat Siu’s X Account Hacked Amid Wave of Crypto Scams

December 26, 2024 Gonzalo

Animoca Brands co-founder Yat Siu’s X account was hacked to promote a bogus token. Investigator ZachXBT links it to a $500K crypto phishing scam wave.

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Turkey Implements Stricter Crypto AML Regulations Starting February 2025

December 25, 2024 Gonzalo

Turkey’s crypto AML rules, effective Feb. 2025, require user identification for $425+ transactions and allow halting of risky transfers lacking info.

Russia Expands Use of Bitcoin in Foreign Trade, Says Finance Minister

December 25, 2024 Gonzalo

Russia is using Bitcoin and digital assets for foreign trade, bypassing sanctions. Finance Minister Siluanov confirmed these developments on Dec. 25.

Access Control Exploits Account for Nearly 80% of Crypto Hacks in 2024

December 25, 2024 Gonzalo

Access control flaws caused 78% of $3B crypto hacks in 2024, targeting DeFi, CeFi, and gaming, Hacken’s report highlights emerging threats.

Illustration visualizing DeFi growth alongside AI-driven analytics and blockchain data.

DeFi Hacks Drop 40% in 2024, CeFi Breaches Surge to $694M

December 24, 2024 Gonzalo

DeFi losses fall 40% in 2024 to $474M, while CeFi breaches surge to $694M. Improved DeFi protocols contrast with CeFi’s growing vulnerabilities.