Solidus Labs, a crypto-native trade surveillance and risk monitoring firm, has released a report that reveals wash trading activity of at least $2 billion worth of cryptocurrency on Ethereum-based decentralized exchanges (DEXs) since 2020. The report found that wash traders manipulated 67% of the 30,000 DEX liquidity pools analyzed, accounting for 16% of the total […]
The decentralized finance (DeFi) ecosystem has seen a decline in on-chain economic activity in August, according to an analysis from investment manager firm VanEck. Exchange volume dropped to $52.8 billion, 15.5% lower than in July.The findings are based on VanEck’s MarketVector Decentralized Finance Leaders Index (MVDFLE), which tracks the performance of the largest and most […]
PayPal’s venture into the digital currency market has the potential to initiate groundbreaking innovations in crypto services, from hosting crypto wallets to providing advanced trading tools. As PayPal navigates through the complex terrain of regulatory compliance, it paves the path for other fintech companies to follow suit, promoting widespread acceptance of digital currencies in everyday […]
The largest bank in Germany, Deutsche Bank, is making a deeper foray into the crypto industry. This week, the bank signed a partnership agreement with Geneva-based crypto infrastructure provider Taurus to offer customers secure crypto custody and tokenization of assets. This follows an investment in the Swiss startup in February and the subsequent application for […]
