Ethereum’s core developers determined on a call Thursday that a network upgrade permitting users to withdraw staked ETH could launch as early as March of next year. In the months following Ethereum’s historic, successfully executed merge upgrade in September, the network’s developers weighed what updates to include in their next upgrade, Shanghai. Many improvements jockeyed for consideration, and different factions…
Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse. In letters dated Dec. 7 to Federal Reserve chair Jerome Powell, acting Comptroller of the Currency Michael Hsu, and Federal Deposit Insurance Corporation acting chair Martin Gruenberg, Senators…
According to the team behind the open protocol Ren, developers are winding down the Ren 1.0 network following the FTX and Alameda Research collapse. Last year, under previous Ren leadership, Alameda acquired Ren and was funding development every quarter. On Dec. 7, 2022, Ren developers warned Ren 1.0 and 2.0 compatibility “cannot be guaranteed” and Ren users should bridge back…
Algorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the subsequent blow-up of Terra’s LUNA token which was used for the asset’s backing. Algorithmic stablecoins are not fully collateralized and rely on different mechanisms to maintain the peg, making them inherently fragile to market conditions. The UST implosion created a domino effect that caused another…
According to statistics sourced from data aggregator YCharts, seven digital currency funds issued by asset manager Grayscale Investments are currently at a discount of 34% to 69% to their net asset value, or NAV. Holdings tracked in the analysis include the Grayscale Bitcoin Trust; Ethereum Trust, Ethereum Classic Trust, Litecoin Trust, ZCash Trust, Horizen Trust, Stellar Lumens Trust, and Livepeer…
Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the red during today’s session. Litecoin (LTC) Litecoin (LTC) dropped to a ten-day low on Thursday, with the token falling for…
The Nomad token bridge announced its relaunch guide after fixing the contract vulnerability that led to a $190 million exploit in August. According to a blog post from Dec. 7, the Nomad protocol will allow users to bridge back madAssets and access a pro-rata share of recovered funds. A redesign for the token bridge was also implemented by the Nomad…
Starting December 15, 2022 0:00 UTC through February 15, 2022 11:59 UTC*, we will offer 0% maker and 0.08% taker fees on select spot pairs to qualifying clients as part of our $100M+ volume fee tier trial. Who is eligible? All clients who trade over $100M in total spot crypto volume on a 30-day rolling basis will automatically be placed…
American fintech company ZELF has introduced an anonymous Visa debit card to be accepted at any of Visa’s 80 million locations worldwide. ZELF’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number, sparing them from having to provide documentation such as a social security number and proof of…
Companies of any size processing crypto transactions for customers in the European Union will soon need to report these for tax purposes under proposed legislation. The policy, put forward as an addition to a wider package of anti-tax evasion measures, says that even non-European crypto-asset operators will need to report transactions if they have clients who are EU residents. Companies…
