The crypto spokespeople testified before the Senate Agriculture Committee on Thursday with analyses of the bill’s strengths and recommendations for its weaknesses.
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Zircon Finance launches mainnet to mitigate impermanent loss on Moonriver
Zircon Finance, an automated market maker (AMM) and a decentralized exchange on Moonbeam, announced the launch of a mainnet network to address investor’s challenges related to impermanent loss in decentralized finance (DeFi).
Impermanent loss relates to a condition wherein investors lose assets they hadpreviously dedicated to providing liquidity to a liquidity pool for earning profits via yields. The mainnet network, dubbed Zircon Gamma, aims to counter such losses through single-sided liquidity over the Moonriver network, which tranches or splits risks between a volatile cryptocurrency and a stablecoin.
For example, in the case of an ETH/USDC pool, Zircon allows Ether (ETH) to maintain full exposure while ensuring safety through USD Coin (USDC) stablecoin. In addition, the mainnet allows both sides to earn swap fees.
As explained by Zircon, Float liquidity pools like ETH double their gains over regular pools but remain at the risk of impermanent loss. However, the AMM’s in-house Async LPing mechanism reduces the risk by at least 90%.
The mechanism does this by incentivizing liquidity pools to restock lost ETH funded via the earned fees. Speaking to Cointelegraph, Andrey Shevchenko, co-founder of Zircon, revealed that his inspiration to create such a system stems from the traders' need for a flexible and permissionless solution, stating:
Singapore's financial authority grants license to SBI's digital asset arm
The firm planned to launch a digital asset securities platform in Singapore, as well as provide custody, capital markets products, and corporate finance advisory services.
South Korean prosecutors apply to revoke Do Kwon and other Terra employees' passports
Singapore, where Terra co-founder Do Kwon is currently staying, does not have an extradition treaty with South Korea.
South Korean prosecutors apply to revoke Do Kwon and other Terra employees' passports
Singapore, where Terra co-founder Do Kwon is currently staying, does not have an extradition treaty with South Korea.
Merge is 'a step in the right direction' to address crypto's energy usage — Rostin Behnam
The CFTC chair said that the Ethereum blockchain’s transition to proof-of-stake, despite reducing energy usage by more than 99%, may not go far enough in resolving the problem.
Merge is 'a step in the right direction' to address crypto's energy usage — Rostin Behnam
The CFTC chair said that the Ethereum blockchain’s transition to proof-of-stake, despite reducing energy usage by more than 99%, may not go far enough in resolving the problem.
The Ethereum Merge to proof-of-stake is complete — What’s next? | Interview with Dr. Julian Hosp
Now that the historic Ethereum (ETH) merge is finally complete and everything went off smoothly, what's next for the network? Join us as we discuss this and more with Tim Warren, co-host of Coffee N Crypto, and Dr. Julian Hosp.
The Ethereum Merge to proof-of-stake is complete — What’s next? | Interview with Dr. Julian Hosp
In this week's episode of Market Talks, we welcome Dr. Julian Hosp, CEO and co-founder of Cake DeFi.
Dr. Julian Hosp is the CEO and co-Founder of Cake DeFi, a highly intuitive online platform dedicated to providing access to decentralized financial services. He is widely regarded as a leading influencer in the crypto and blockchain space with over one million followers across all of his channels globally. He is also a best-selling author and his vision is to bring blockchain awareness and understanding to a billion more people by 2025.
The Merge has been all over the place recently, with different news outlets, influencers and YouTube channels covering the event as much as possible, but why does the Ethereum Merge actually matter, and why is it such a significant event in crypto? We ask Julian to break it down for us.
Now that the Merge is finally complete and Ethereum has successfully moved from proof-of-work to proof-of-stack, what has actually changed? Will the network be any different for users or will it behave differently for day-to-day transactions? Also, what's next for Ethereum? Are there more upgrades or changes planned for the future? Will the Merge bring more institutional adoption now that the network is more environmentally friendly?
After all the news and attention the merge got, a lot of people were expecting there to either be a huge pump or dump in the price of ETH and other cryptocurrencies. But the markets were largely unaffected by the event. This begs the question, was it all just hype? We get Julian's take on the matter.
The Ethereum Merge to proof-of-stake is complete — What’s next? | Interview with Dr. Julian Hosp
Now that the historic Ethereum Merge is finally complete and everything went off smoothly, what's next for the network? Join us as we discuss this and more with Tim Warren, co-host of Coffee N Crypto, and Dr. Julian Hosp.
Bitcoin price loses $20K, ETH price drops 8% after 'monumental' Ethereum Merge
Bitcoin (BTC) spent a second day threatening $20,000 support on Sep. 15 as markets processed the Ethereum (ETH) Merge.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC stuck between price magnets'
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking below $20,000 again overnight to recover marginally above the boundary for a brief period.
The largest cryptocurrency broadly failed to regain lost ground after surprise United States inflation data on Sep. 13 sent risk assets into a tailspin.
Down 13.5% versus the week’s top at the time of writing, Bitcoin offered little inspiration to traders who were still eyeing further losses.
“Bullish above or after a reclaim of $20,800 or something like this and maybe up,” popular trader Crypto Ed summarized in his latest YouTube update.
Bitcoin price loses $20K, ETH price drops 8% after 'monumental' Ethereum Merge
Uncertain BTC price action continues as Ethereum trends downward despite the successful Merge.
Bitcoin price loses $20K, ETH price drops 8% after 'monumental' Ethereum Merge
Uncertain BTC price action continues as Ethereum trends downward despite the successful Merge.
Bitcoin price loses $20K, ETH price drops 8% after 'monumental' Ethereum Merge
Bitcoin (BTC) spent a second day threatening $20,000 support on Sept. 15 as markets processed the Ethereum (ET Merge.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC stuck between price magnets'
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking below $20,000 again overnight to recover marginally above the boundary for a brief period.
The largest cryptocurrency broadly failed to regain lost ground after surprise United States inflation data on Sep. 13 sent risk assets into a tailspin.
Down 13.5% versus the week’s top at the time of writing, Bitcoin offered little inspiration to traders who were still eyeing further losses.
“Bullish above or after a reclaim of $20,800 or something like this and maybe up,” popular trader Crypto Ed summarized in his latest YouTube update.
FTX, Bybit among the first exchanges to launch spot ETHW trading
Bybit officially announced that it launched ETHW trading against the USDT stablecoin, planning to soon open ETHW deposits and withdrawals.
FTX, Bybit among the first exchanges to launch spot ETHW trading
Bybit officially announced that it launched ETHW trading against the USDT stablecoin, planning to soon open ETHW deposits and withdrawals.
Crypto bill needs clarification on 'digital commodity' — Sheila Warren
CCI CEO Sheila Warren said that there was “a very tight window” to pass the crypto bill given the possible change in leadership following the 2022 Midterm Elections.
Powers On… Insider trading with crypto is targeted — Finally! Part 2
"Frankly, it’s about time that the SEC and U.S. attorney’s offices focused on real crimes and fraud."
Powers On… Insider trading with crypto is targeted — Finally! Part 2
"Frankly, it’s about time that the SEC and U.S. attorney’s offices focused on real crimes and fraud."
Powers On… Insider trading with crypto is targeted — Finally! Part 2
This is the second part of my column about the crackdown on insider trading involving crypto. In the first part, I discussed the criminal indictment of Nathaniel Chastain, a former product manager at the OpenSea NFT marketplace. I also discussed the SEC’s allegations against former Coinbase employee Ishan Wahi, his brother and his friend, based on the “misappropriation” theory of insider trading.
Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches “Blockchain & the Law.”
Since the United States v. O’Hagan Supreme Court case in 1997, the misappropriation theory of insider trading liability has been explicitly recognized. Both before that date and after, “misappropriation” of company secrets or confidential information used in connection with stock trading has been an active area of Securities and Exchange Commission enforcement and criminal prosecutions.
Examples include a former writer for The Wall Street Journal in United States v. Winans; employees at the magazine stand Hudson News in Securities Exchange Commission v. Smath; a printer at a company that printed tender offer documents in Chiarella v. United States; and more recently, financial analysts in United States v. Newman and Salman v. United States. On the same date as the SEC filing against Ishan Wahi and his two associates, the U.S. attorney for the Southern District of New York unsealed a parallel criminal indictment that charged these same three defendants with wire fraud and wire fraud conspiracy.
Tippees that receive material, nonpublic or confidential information from a tipper violate insider trading rules if they know the tipper breached a duty they owed to another and received some sort of personal benefit from the tip. The Supreme Court said in the 2016 Salman case that the personal benefit need not be financial or pecuniary. The benefit requirement is satisfied by bestowing a gift of this information on a trading relative or a close friend.