According to a recent Ethereum Core development meeting on Dec. 8, developers disclosed that the next Ethereum hard fork, called Shanghai, could be implemented by March 2023. It’s been suggested that the Shanghai hard fork will be able to manage the network’s staked ethereum withdrawals. Ethereum Devs Aim for Hard Fork Target ‘Around March-ish’ On Dec. 8, 2022, Ethereum Core…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States regulators want to take a closer look at money laundering and terror financing laws by the Financial Crimes Enforcement Network (FinCEN), as it asked banking sector players for feedback on DeFi’s…
Bobby Moran of crypto news website the Block has announced he will be assuming the position of chief executive officer following the resignation of Mike McCaffrey, who reportedly financed the platform through loans from Sam Bankman-Fried’s Alameda Research. In a Dec. 9 announcement, Moran said McCaffrey had made an executive decision to restructure The Block in 2021 which involved a…
Cryptocurrency trading company FalconX has disclosed that it suffered losses in the collapse of FTX. According to the company, its assets locked on FTX represent only 18% of its “unencumbered cash equivalents.” However, the company added that this ratio fell well within their counterparty exposure limits. FalconX insisted that despite its exposure to the now insolvent FTX, its finances remain…
Bitcoin and most major altcoins remain stuck inside a range as traders keep a close eye on next week’s macroeconomic events. Source: https://cointelegraph.com/news/price-analysis-12-9-btc-eth-bnb-xrp-ada-doge-matic-dot-ltc-uni
Tether (USDT), XRP, Dogecoin (DOGE), Shiba Inu (SHIB), Chainlink (LINK), and Decentraland (MANA) are also included in the report, with each of them having reserves of above 100%. https://t.co/vCNztABJoG releases Proof of Reserves audited results. Mazars Group compared the assets held in on-chain addresses proven to be controlled by https://t.co/vCNztABJoG with customer balances through an auditor-overseen live query of a…
Binance CEO Changpeng ‘CZ’ Zhao today clashed with disgraced founder of collapsed crypto exchange FTX Sam Bankman-Fried on Twitter. In the Friday spat, the Binance boss said that “no one won” in response to Bankman-Fried’s claim that CZ was a liar and ultimately benefited from FTX’s collapse. This is the second time this week the CEO of the world’s biggest…
In brief Starbucks has launched its NFT-driven rewards program Starbucks Odyssey in beta. The platform will add more users in January and implement a marketplace that enables trading along with buying limited-edition NFTs. Starbucks Odyssey, the coffee chain’s new Web3 rewards platform built on Ethereum sidechain network Polygon, is officially rolling out to the world. And the company says that…
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching the stablecoin asset tether over to usd coin, and the firm is offering “zero fees” to swap these two…
One of the oldest pieces of contrarian investment wisdom is to buy when there is blood in the streets. If it were that easy, crypto investors would be euphoric at all the buy opportunities right now. If you’re rattled by the bear market, which has been especially brutal even by crypto standards, don’t beat yourself up over it. Cryptocurrency is…
