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Binance recovers the majority of funds stolen from Curve Finance
Binance recovered and froze around $450,000 worth of the stolen assets, which is around 80 percent of the stolen funds.
Institutional staking won’t take off unless asset lock-up solved: Coinbase CFO
Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out.
3 cryptocurrencies that stand to outperform ETH price thanks to Ethereum's Merge
It's not just ETH price that stands to benefit from Ethereum's move to proof-of-stake in September.
3 cryptocurrencies that stand to outperform ETH price thanks to Ethereum’s Merge
After years of waiting, Ethereum is finally prepared to become a full-fledged proof-of-stake (PoS) blockchain. Besides Ethereum’s native token, Ether (ETH), the valuation of several other tokens has not only benefited greatly but could also keep outperforming ETH after the Merge.
Ethereum steps closer toward the Merge
The leading smart contract platform completed the last of its three public testnets, dubbed Goerli, on Aug. 11. Therefore, there should be no delays in Ethereum’s Merge, expected to go live on Sept. 19.
Ether price jumped 5% to approximately $1,950, its highest level in over two months, after the Goerli update. Meanwhile, certain crypto assets that could benefit from a successful Merge are undergoing upside moves and have even been outperforming ETH in the past month.
ETH/USD daily price chart. Source: TradingViewWill these tokens continue to outperform ETH price into September? Let’s take a closer look.
Lido DAO (LDO)
The Merge will replace Ethereum’s army of miners with validators, who will be required to front 32 ETH as an economic stake.
ASIC chair troubled by sheer amount of ‘risk-taking’ crypto investors
Australia's financial services regulator sees the rise in crypto investment during the COVID-19 pandemic as a cause for concern, especially among young and new investors.
BTC mining stocks double in a month as production ramps
While Bitcoin and Ethereum prices may have climbed lately, Bitcoin mining companies have been absolutely pumping.
Coming sooner: ETH devs move up the date for Merge
Ethereum’s transition to Proof-of-Stake is inching ever closer after developers agreed to a tentative date for the mainnet merge.
MakerDAO should 'seriously consider' depegging DAI from USD: Founder
In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC.
DeFi platform Oasis to block wallet addresses deemed at-risk
Users report that their sessions were disconnected when trying to interact with Oasis with allegedly high risk wallets.
DeFi platform Oasis to block wallet addresses deemed at-risk
Users report that their sessions were disconnected when trying to interact with Oasis with allegedly high risk wallets.
UNCTAD takes aim at crypto in developing world in a series of critical policy briefs
The UN organization is urging countries with emerging economies to implement regulation to head off the potentially destabilizing influence of cryptocurrency.
Robinhood to face class action lawsuit from meme stock debacle: Report
It's been more than a year, but investors continue to make allegations against Robinhood following the January 2021 controversy around trading GameStop and AMC stocks.
Cross-chains in the crosshairs: Hacks call for better defense mechanisms
Cryptocurrency security firms, decentralized finance and cross-chain platforms are stressing the importance of improved defense mechanisms after a spate of hacks and exploits targeting the ecosystem.
Is it foolish to expect a massive Ethereum price surge pre- and post-Merge?
Backwardation in Ethereum futures shows traders expect ETH to surge, and everyone wants the “free” proof-of-work hard-fork coins, but investors should also keep an eye on the bears.
Is it foolish to expect a massive Ethereum price surge pre- and post-Merge?
Ether’s (ETH) impressive 85% gain in the past 30 days has surprised even the most bullish investors, and it makes the $800 range seen in mid-July seem like ages ago. Bulls now hope to turn $1,900 to support, but derivatives metrics tell a completely different story, and the data suggests that professional traders remain highly skeptical.
Ether 1-day price index, USD. Source: TradingViewIt’s important to remember that the leading cryptocurrency, Bitcoin (BTC), gained 28% in the same period. Thus, there should be no doubt that the Ether bull run was driven by the Merge expectation, a transition to a proof-of-stake (PoS) consensus network.
Goerli was the last remaining Ethereum testnet scheduled to implement the Merge, which officially became a proof-of-stake blockchain as of 1:45 UTC on Aug. 11. This final hurdle was completed with no major setbacks, giving a green light for the mainnet transition on Sept. 15 or 16.
There is a rationale behind investors’ booming expectations toward this major landmark transition. Such a multiphased upgrade aims for higher scalability and extremely low fees due to sharding, the parallel processing mechanism. However, the only change in the Merge is the complete removal of the burdensome mining mechanism.
In a nutshell, the equivalent inflation will be drastically cut as miners no longer need to be compensated by newly minted coins. Still, the Merge does not address the processing limit, or the amount of data that can be validated and inserted into each block.
Over 1,900 block-producing nodes in the Solana ecosystem, new report reveals
Solana released its first "Validator Health Report" post-wallet hack, which reveals 3,400 validators across six different continents.
Indian law enforcement accuses WazirX exchange of aiding in laundering of $130M
India’s Enforcement Directorate, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets.
Good news for Bitcoin: New CPI data suggests inflation has peaked | Find out now on Market Talks with Tim Warren and Caleb Franzen
The CPI numbers are out and they might hold a bullish signal for Bitcoin (BTC). Join us as we discuss this and other topics with Tim Warren, co-host of Coffee N Crypto, and Caleb Franzen.
BlackRock announces the launch of a new private spot Bitcoin trust
The move comes one week after its partnership with Coinbase to provide institutional clients with crypto trading access.