Cryptocurrency exchange Coinbase could benefit from Ethereum’s long-awaited merge, according to investment bank JPMorgan. In a Wednesday note to investors, analyst Kenneth Worthington said that the San Francisco-based exchange’s Ethereum holdings and its staking service for institutions will help it financially. Coinbase’s figures haven’t been great during the bear market: earlier this month it posted $1.1 billion in net losses…
The United States’ move to sanction the open-source code that makes up the Tornado Cash privacy protocol may be shocking, but it’s not surprising. America has been tightening its grip over the global financial system for decades, ostensibly to cut down on bad behavior, but also to project power abroad. Economic sanctions, like the ones enforced by the aptly named…
According to a recent study conducted by the University of Technology Sydney, researchers estimated that insider trading occurs in 10% to 25% of cryptocurrency listings. In deriving the conclusion, researchers first sampled 146 token listing announcements on cryptocurrency exchange Coinbase between September 25, 2018, to May 1, 2022. Afterwards, researchers examined the price movements of the sampled tokens in the…
While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic ministry says that the economy’s gross domestic product (GDP) is estimated to drop by 4.2% this year and Russia’s inflation won’t be as elevated as economists once predicted. At the…
Michael Moro, chief executive officer of Digital Currency Group’s market maker and lending subsidiary Genesis Trading, has become the latest executive to step down from a leadership role at a crypto company amid the market downturn. In a Wednesday announcement, Genesis said Moro will leave his position as the company’s CEO, a role in which he worked since April 2016.…
Tl;dr: We are excited to announce the expansion of our enhanced password protections. By protecting the first layer of our user’s account protection, their passwords, we are continuing our commitment to offer our customers with the best security tools to protect their funds and accounts. By Abhishek Agarwal, Group Product Manager At Coinbase, one of our core pillars has always…
press release PRESS RELEASE. PIXXSTASY, a charity project for drug prevention and rehabilitation, is redefining the NFT market. The organization will sell 399 limited edition NFTs this year and use the proceeds to support charities involved in anti-drug campaigns and drug recovery programs around the world. Operating under the taglines “BE A HEALER” and “DON’T USE. JUST OWN IT,” the…
According to a new clarification statement on Wednesday, the Ethereum Foundation that the network’s upcoming proof-of-stake transitory upgrade dubbed “Merge” will not reduce gas fees. With regards to this, the Ethereum Foundation wrote: “Gas fees are a product of network demand relative to the network’s capacity. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does…
MatchboxDAO, a Starkware-based on-chain gaming ecosystem, has raised $7.5 million in its first funding round to continue improving crypto games built on the Ethereum scaler StarkNet. The funding round was backed by prominent blockchain investors, including Starkware, Geometry Research, ReadyPlayerDAO, Neon DAO, Road Capital, Formless Gamma, and Bonfire Union. “Matchbox is helping new gaming apps to set foot in expanding…
For all the good that Bitcoin brings to the table, it also possesses a commonly accepted issue in scalability. Bitcoin can only process a limited number of transactions per block and, as of Aug. 17, 2022, can handle about five transactions per second, which in comparison to most other blockchains is low. The factor limiting scalability lies in Bitcoin’s cryptographic…
