Ranking
Categories
Historical Snapshots
Token unlocks
Yield
Trending
Upcoming
Recently Added
Gainers & Losers
Most Visited
Community Sentiment
Chain Ranking
Market Overview
CoinMarketCap 100 Index
Fear and Greed Index
Altcoin Season Index
Bitcoin Dominance
Crypto ETFs
Overall NFT Stats
Upcoming Sales
New Pairs
Trending Pairs
Meme Explorer
Gainers & Losers
Community Votes
Top Traders
Spot
Derivatives
Spot
Derivatives
Feeds
Topics
Lives
Articles
Converter
Newsletter
CMC Labs
Telegram Bot
Advertise
Crypto API
Site Widgets
Airdrops
Diamond Rewards
Learn & Earn
ICO Calendar
Events Calendar
Academy
Research
Videos
Glossary
Recapping the Week in DeFi
As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed
about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.
Ripple Co-Founder Chris Larsen Donates $1 Million in XRP to Kamala Harris' Presidential Campaign
Ripple co-founder Chris Larsen has donated $1 million in XRP to Vice President Kamala Harris' 2024 presidential campaign through the Future Forward PAC. This marks the first crypto donation to her campaign. However, the donation has sparked backlash within the crypto community, as many believe the Biden-Harris administration and SEC Chair Gary Gensler have unfairly targeted the crypto industry, particularly Ripple Labs.
UAE Introduces VAT Exemption for Cryptocurrency Transfers and Conversions
The UAE's Federal Tax Authority (FTA) has introduced a VAT exemption for cryptocurrency transfers and conversions, effective November 15, 2024. This change, under Cabinet Decision No. 100 of 2024, retroactively applies from January 1, 2018. Businesses dealing with cryptocurrencies may need to reassess and correct past VAT filings. This exemption aligns with the UAE's strategy to promote a favorable environment for crypto businesses, following Dubai’s earlier decision allowing salaries to be paid in cryptocurrency.
Uniswap Labs Introduces Ethereum Layer-2, Unichain, to Address Scalability Issues
Uniswap Labs has launched Unichain, its own Ethereum Layer-2 network, to address scalability, transaction speed, and fee issues in decentralized finance (DeFi). Unichain aims to offer a more streamlined experience for DeFi users, countering concerns about Layer-2 fragmentation. By 2025, users will be able to stake UNI tokens to validate blocks as full nodes.
Is Peter Todd the Mysterious Satoshi Nakamoto? New HBO Documentary Raises Controversial Claims
The mystery of Bitcoin's creator, Satoshi Nakamoto, remains unsolved. A recent HBO documentary, Money Electric: The Bitcoin History, suggests Peter Todd, a prominent Bitcoin developer, as a possible candidate. Directed by Cullen Hoback, the documentary has reignited debate in the crypto community. Despite this, Todd has consistently denied being Nakamoto, stating he first learned about Bitcoin through its whitepaper, not by creating it.
Scroll to Launch Native Token, SCR, with Airdrop on October 22: Details
Scroll, an Ethereum layer-2 network, will officially launch its native token, SCR, on October 22, 2024. The SCR token will serve as the governance token, allowing users to participate in protocol decisions. Scroll has partnered with Binance to facilitate the launch, where users can stake BNB or FDUSD on Binance Launchpool from October 9 to farm SCR tokens. A total of 55 million SCR (5.5% of the supply) is allocated for this. Binance will offer pre-market trading for SCR starting October 11.