Prominent crypto exchange Coinbase has risen to become the second-largest Ethereum (ETH) staking entity, gaining significant ground in the staking market. This development has raised concerns about network centralization, particularly in relation to the dominance of Lido DAO in ETH staking. According to Chinese reporter Colin Wu, a recent report from Dragonfly data scientist hildobby,
The Bitcoin market is closely monitored by investors and traders for any significant movements by whales, who have the potential to influence the price of Bitcoin through large-volume transactions. Recently, a whale that had been dormant for three years resurfaced in the market, making their first BTC transfer since 2020. This particular whale moved a
The US Consumer Financial Protection Bureau (CFPB) is actively evaluating the application of the Electronic Fund Transfer Act (EFTA) to cryptocurrency platforms. This move comes in response to the recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX, highlighting the urgent need for bolstering consumer protections in the crypto market. The EFTA regulations
The world of cryptocurrency is constantly evolving, and Binance, one of the largest and most popular cryptocurrency exchanges, is no stranger to this reality. In response to changing U.K. regulations, Binance has recently announced the launch of a new subpage dedicated to serving its U.K. customers. With the aim of complying with the U.K.’s updated
Binance, the largest cryptocurrency exchange globally, has recently released its 11th reserves report. The report reveals some astounding numbers, particularly in regard to Binance’s XRP holdings. This article delves into the details of the report and examines the implications of Binance’s substantial XRP reserves. According to Binance’s Proof of Reserves report, the exchange holds an
The increasing adoption of cryptocurrencies has prompted the Hong Kong government to consider implementing measures to restrict retail stablecoin trading for individual investors. Retail stablecoin trading is currently not permitted in Hong Kong, and the city has yet to establish regulations governing the trading of stablecoins such as Tether (USDT) or USD Coin (USDC). In
Ethereum’s recent surge in ether (ETH) staking, driven by the Merge and Shanghai upgrades, has brought about concerns regarding centralization and reduced staking yields, as highlighted in a report by JPMorgan. While decentralized alternatives like Lido’s liquid staking platform have emerged, the increasing centralization of Ethereum poses risks to the network’s security and decentralization ethos.
Solana, the layer 1 proof-of-stake blockchain, has recently introduced version 1.16, which offers improved user privacy through the implementation of “Confidential Transfers”. This latest update includes encrypted Solana Program Library (SPL) token transactions, prioritizing confidentiality over anonymity. Let’s delve deeper into these new features and explore the advancements made by Solana. Enhanced Privacy with Confidential
The United States regulatory agencies have come under scrutiny in recent times, with criticisms from various quarters. Elon Musk, the owner and CTO of X (formerly Twitter), has been vocal about the need for a comprehensive overhaul of these agencies. In a tweet, he called for punitive action against individuals who have abused their regulatory
The cryptocurrency startup and AI trading platform, Launchpad XYZ, has successfully secured over $1.85 million during its ongoing crypto presale. The company is set to launch its platform in 2023, offering a diverse range of services that cater to both beginners and experienced crypto enthusiasts. With its mission to be an all-encompassing web3 ecosystem, Launchpad