Ethereum (ETH), the second-largest cryptocurrency by market capitalization, surged 6 % in the last 24 hours and is now trading at $1,660. This makes Ethereum the best performing asset in the market’s top ten, data from CoinMarketCap shows. The latest price action comes ahead of the update to Ethereum’s consensus layer, called Bellatrix. Slated for later today, Bellatrix kicks off…
Binance, the world’s largest cryptocurrency exchange by volume, announced today that it would begin auto-converting existing and new deposits of USDC, USDP, and TUSD stablecoins into its native BUSD—effectively delisting three rival stablecoins. The company says the move will enhance liquidity and capital efficiency for users. Among stablecoins, USDC is the second largest by market cap at $51 billion, according…
Speakers at Monday’s “Crypto Policy Symposium,” a gathering of cryptoskeptics, or “nocoiners,” dismissed the common calls for “regulatory clarity” from crypto proponents as a “distraction.” Regulations around crypto are perfectly clear, they said—and that’s why crypto enthusiasts don’t like them. “An Oscar should go to whomever first coined ‘regulatory clarity,’” said Santa Clara University associate law professor Stephen Diamond. In…
Ethereum Classic (ETC), a hard fork of Ethereum executed following the 2016 DAO hack, hit an all-time high record hash rate of 48.82 terra hashes per second (TH/s) yesterday, per data from 2miners. ETC, the native token of the Ethereum Classic network, has since jumped nearly 12% over the past 24 hours and trades at around $35.6, according to data…
The KlimaDAO announced Friday that it is collaborating with politicians to provide a legal framework for DAOs in the Lummis-Gillibrand Responsible Financial Innovation Act. KlimaDAO’s legal team told Decrypt that the DAO has had multiple conversations with staff members from the offices of Sens. Cynthia Lummis and Kirstin Gillibrand since May. The legislation was introduced to the Senate in June, and…
