DeFi tokens surge over 50% in November, TVL hits 2021 highs
November’s gains have pushed DeFi’s total value locked back to levels last seen in 2021, reaching $118.4 billion on Nov. 25.
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Binance to Launch Its Own Blockchain ‘Binance Chain’ in ‘Coming Months’
Binance, the world’s largest crypto exchange by trading volumes, will launch its own blockchain “Binance Chain” in the “coming months,” as the company revealed in a tweet on Dec. 4.The new Binance-backed blockchain aims to provide a basis for creating new cryptocurrencies and Initial Coin Offering (ICO) tokens, as the company said in the tweet:“Binance…

Nansen ‘Beyond DeFi’ report highlights $3.2B market for AI services
The report indicated that DePIN and NodeFi may be the most profitable verticals for decentralized finance going forward.

OECD calls out countries for their inconsistent rules on crypto taxation
The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets. 1407 Total views 21 Total shares A study of cryptocurrency taxation regimes from around the world by the Organization for Economic Co-operation and Development, or OECD, found that global crypto taxation laws are highly inconsistent.Source: OECD Report.The way crypto assets are defined…

'Dire consequences' if Musk accesses SEC — US lawmaker
US Rep. Maxine Waters reiterated a warning to acting SEC Chair Mark Uyeda following reports DOGE would gain access to sensitive agency information. The top Democrat on the US House Financial Services Committee issued a warning after reports suggested that Tesla CEO Elon Musk’s “government efficiency” team would be given access to data and systems

Australian Reserve Bank Official Advises Caution in Anticipation of Libra
Governor of the Reserve Bank of Australia (RBA), Philip Lowe, cautions that Facebook’s announced virtual currency—Libra—may not attain mainstream usage in the near future, according to a report by Bloomberg on June 20The report quotes Lowe as follows regarding Libra:“There’s a lot of water under the bridge before Facebook’s proposal becomes something we’re using all…

Bitcoin analyst eyes ‘near term floor’ as crypto fear hits redline
Bitcoin’s price could be approaching its bottom this cycle as it lingers below $83,000 and market sentiment remains fearful, according to the founder of a crypto fund. “Some broader macro data still looks poor, but it also wouldn’t surprise me if we put in a near-term floor locally given the significant level of fear and

NFT adoption: Tokens take the runway at Metaverse Fashion Week
The Metaverse may be an emerging concept, but the impact that virtual game-like worlds can have on the trillion-dollar retail industry was recently demonstrated during Metaverse Fashion Week (MVFW). This entirely virtual experience was held from March 24–27, 2022, in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. The online event attracted more…

Employer paid worker in crypto, then demanded it back when price rose
"I have worked with this person for many years, and he has a tendency to try to change the terms of payment after agreeing on a certain way of operating," said the contract worker. 1436 Total views 13 Total shares A United States-based business development specialist has claimed that a company that paid them for…