Defi

CoinDCX introduces Web3 mode in app; will offer access to 50,000 tokens

With the Web3 mode, users will have access to emerging and pre-launch tokens from large and developing ecosystems such as Base, Solana, Binance Smart Chain, Polygon, and 10 more chains. The Web3 mode also facilitates easy access to Web3 with a straightforward INR on-ramp.

Crypto exchange Giottus lists 43 new tokens to invest in

With this, total tokens listed on the platform has crossed over 300, which the startup claims are the highest number of assets on an exchange.

MC Interview: We can build in India for the world, says CoinDCX’s Sumit Gupta

The company is bullish on its prospects in India and expects India to take the lead in the crypto and web 3.0 sector once the regulatory mechanism becomes clearer and tax regime made simpler.

Graviton announces first cohort of Web 3 accelerator, seven Indian startups selected

The accelerator received around 350 startup applications since its launch in December 2022

Explained | What does Tornado Cash sanction mean for future of DeFi

One of the first completely decentralized apps on Ethereum to support private transactions, Tornado Cash was released in 2019.

CoinDCX unveils DeFi and Web3 app aggregation platform Okto

The app will also help customers who have invested in crypto to use their coins further on other use cases in the Web3 ecosystem without having to withdraw their crypto assets from their wallets.

Exclusive: Buy cryptos that have utility value, says Mark Cuban

Tokens are useful for things that can’t be done without crypto such as smart contracts and buying insurance and carbon offsets, the billionaire investor said.

Vauld discloses shortfall of $70 million in letter to creditors

The crypto lender has said the main factors for the shortfall are mark-to-market losses on bitcoin, ether, and Polygon trades as well as exposure to the collapsed algorithmic stablecoin terraUSD, The Block has reported

Mounting crypto liquidations make DeFi go to extremes

The record-setting rout in cryptocurrencies has put a slew of decentralized-finance applications and their communities in a race to protect themselves against a cascade of liquidations -- sometimes by employing unprecedented measures.

Crypto, houses, sneakers, rolexes: How FOMO drove the economy

Crypto was just the latest in a string of unsustainable asset bubbles that have rocked American life over the last two decades.

Crypto Lending Firm Celsius Pauses Withdrawals, Tanks 50%

The firm,led by American entrepreneur Alex Mashinsky had about $12 billion in customer assets as of May across 1.7 million users.

DeFi loses 45% of value since April-end in fallout of Terra collapse

The Blockchain gaming category is resisting the crypto crash and adding investors. In May, Dapper Labs announced a $725 million fund to accelerate growth in the Flow ecosystem along with Andreessen Horowitz committing $4.5 billion to its Crypto Fund 4.

Top Cryptocurrency News Today: The biggest moves in Bitcoin, NFTs and more

A daily round-up of the most interesting articles on Bitcoin, NFT, and DeFi to help jump-start the day

Central banks can save DeFi, as weird as that sounds

DeFi’s linkages with traditional finance will grow, and not only because banks, brokers, and asset managers will come under pressure to allow their Gen Z customers to pay, save, lend, borrow, trade, invest, and insure in crypto

Cryptocurrency Prices Today April 8: Bitcoin, Dogecoin inch up; most coins in green

Bitcoin's price is currently $43,683.82. Bitcoin’s dominance is currently 40.97 percent, a decrease of 0.43 percent over the day, as per CoinMarketCap data.

Cryptocurrency Prices Today March 26: Bitcoin and Ethereum edge up

Bitcoin's price is currently $44,283.20, with a dominance of 42.29 percent. This is a 0.40 percent increase over the day

Pivots, struggle, and aha moment: How OnJuno found the right crypto product for the US market

After years of pivots in business strategy, OnJuno founders Varun Deshpande, Ratnesh Ray, and Siddharth Verma seem to have found the right product market fit with a crypto native platform and have closed its Series A round.

Cryptocurrency Prices Today on March 22: BTC continues to slide as ETH, ADA clock gains

In rupee terms, Bitcoin dipped 0.69 percent to trade at Rs 32,17,584 while Ethereum rose 1.11 percent to Rs 2,27,244.9

Crypto 101 | Decentralised Finance Explained

Decentralised Finance or DeFi is a new phenomenon in the world of crypto which involves functions like borrowing or lending money without middlemen like banks or brokers. The applications or dApps built on top of decentralised finance are permissionless with several functions automated by smart contracts. Numerous blockchains form the underlying technology for Decentralised Finance applications. These dApps are disrupting the traditional finance ecosystem where the stakeholders are finally sitting up to take notice. Watch this video presented by Rahul Jagtiani.