Ethereum shifted to a more energy-efficient proof-of-stake model in September, but there’s still one upgrade that needs to be completed to let users unstake their ETH from the network. It’s coming up next week—but the process could ultimately take weeks to complete, an analyst at crypto data platform Nansen told Decrypt. Following September’s merge event, Ethereum’s transition will conclude with…
Controversial computer scientist and self-proclaimed “creator of Bitcoin” Craig Wright today hinted that Apple was violating copyright laws. When asked on Twitter Friday if Apple might be “in breach of copyright” for storing the Bitcoin white paper on its computers, the Australian computer scientist responded by saying: “Yes.” This week news dropped that the largest cryptocurrency’s explanatory paper was stored…
According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing wallets that receive transactions from Wasabi, a non-custodial bitcoin wallet that utilizes Coinjoin technology to obscure onchain transaction monitoring.…
Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market. In an April 7 blog post, dYdX said it will be “winding down services” in Canada, starting with halting the onboarding of new users located in the country. On April 14, the exchange will move…
Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin (BTC) demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength. On the regulatory front, on April 4, the Texas Senate Committee on Business and Commerce agreed to move forward and remove incentives for miners operating within…
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. A total of 27 Ethereum projects joined hands to minimize the cost incurred by users in the form of maximal extractable value (MEV). The launch partners include Balancer, Gnosis DAO, Shapeshift and StakeDAO, to…
Nonfungible token (NFT) marketplace LooksRare has upgraded to version 2, reducing fees by 75% and implementing several other features, according to an April 6 announcement from the company. ! Rolled out rn:– Fee dropped to 0.5%– Gas 50% cheaper than Blur– One-signature bulk listing– Buy 70+ NFTs at once– Sellers get ETH instead of WETH Full deets https://t.co/3XXGeGK2r2 — LooksRare…
Conflux, a regulatory-compliant public blockchain based in China, seeks to deploy the Uniswap v3 on its network, according to a proposal on Uniswap’s governance forum on April 7. The move comes days after the Uniswap v3 code license expired, enabling developers to fork the protocol and deploy their own decentralized exchange (DEX). As per the proposal, the deployment would provide…
Four days ago, the American rapper, entrepreneur, and owner of Death Row Records, Snoop Dogg, hosted WWE’s annual event, Wrestlemania 39, in Hollywood. The rap star was spotted wearing a gold and black diamond Ledger Nano X around his neck on a gold chain. Over the last year, Snoop has been one of several hip-hop artists showing off their custom-made…
Bitcoin’s failure to clear the overhead resistance at $30,000 is attracting profit-booking in select altcoins. Source: https://cointelegraph.com/news/price-analysis-4-7-btc-eth-bnb-xrp-ada-doge-matic-sol-dot-ltc
