Crypto Lending Rebounds to $25B in 2024: Recovery, Risks, and DeFi Surge The crypto lending market, battered by cataclysmic failures just a couple of years ago, is mounting a fierce comeback, with centralized platforms posting $25 billion in outstanding loans for Q3 2024 while decentralized finance (DeFi) borrowing has rocketed by an astonishing 959%. This […]
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Wintermute’s Yoann Turpin Critiques CeFi, Urges Shift to DeFi for Better Price Discovery Wintermute co-founder Yoann Turpin has raised significant concerns about the inefficiencies of centralized finance (CeFi) and over-the-counter (OTC) markets, advocating for a shift towards decentralized finance (DeFi) to enhance price discovery in the crypto ecosystem. Wintermute critiques CeFi and OTC market inefficiencies […]
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IRS Grants Temporary Relief to Bitcoin Holders on CeFi Platforms Until 2025 The IRS has announced a temporary reprieve for Bitcoin and crypto holders on centralized finance (CeFi) platforms, providing relief from specific tax reporting rules until the end of 2025. This decision aims to ease the complexities of tax reporting challenges for cryptocurrencies on […]
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