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Coinbase’s director of product strategy and business operations, Conor Grogan, revealed that billions of dollars worth of Ether had been permanently lost due to bugs and human errors. The director noted that mistakes and glitches were the cause of losing 636,000 ETH or $1.15 billion on the Ethereum blockchain. Gone With No Recovery According to…
The Republican U.S. Senator, Cynthia Lummis, representing Wyoming, revealed at a recent crypto event in Washington D.C. that the U.S. is losing out on the crypto space. Dubbed “Crypto Queen,” Lummis disclosed that she bought her first Bitcoin in 2013 and wished she had bought more of the token. Supporting Crypto Regulation It is not…
Binance has recently come under increasing regulatory scrutiny from various countries worldwide due to allegations of regulatory violations. This has led some nations to impose restrictions or outright bans on the exchange’s services. These regulatory concerns stem from money laundering, market manipulation, and other illegal financial activities. In February, the United States Securities and Exchange…
Deribit, a cryptocurrency derivatives exchange, is set to introduce Bitcoin volatility futures, providing investors with a means of assessing and engaging in trading the BTC market. Deribit’s New Product Allows Investors To Trade BTC Deribit’s BTC DVOL futures is a derivative contract based on the Deribit BTC Volatility Index. The index evaluates the implied volatility…
Binance, one of the world’s largest cryptocurrency exchanges, has obligatory standards for each coin or token listed on its platform. The exchange also clarified that it would delist a coin or token from its platform if it no longer meets these standards or if the market conditions change in a way that could pose a…
Metamask has been the go-to crypto wallet for many crypto users for the past few years. It makes storing, sending, and receiving cryptocurrency from any device easy. Metamask is taking the user experience to the next level with a new upgrade that enhances privacy. The new upgrade focuses on improving privacy features for both the…
The U.S. banking system is currently in turmoil, with several banks struggling to stay afloat and others facing unprecedented financial difficulty. Banks are closing, mergers are happening, and bailouts are becoming the norm. It is an alarming situation and one that is causing serious concern within the banking industry, particularly concerning the long-term implications for…
In a new memo delivered to the House Committee about Financial Services, the Republicans admit that the digital asset market is a flourishing trillion-dollar domain. Part of the memo reads, “The current market value of digital assets is estimated to be over $1.05 trillion, out of which Ether and Bitcoin contribute to roughly 60% of…
According to reports, Meta Platforms Inc, the parent company of Facebook, may soon release its decentralized social network, P92, which would compete directly with Twitter Inc, a company Elon Musk bought last year. According to sources familiar with the matter, the upcoming launch will support ActivityPub, a decentralized social networking protocol used by Mastodon, a…
With the Ethereum ecosystem advancing to regular upscaling, Layer-2 networks are gaining momentum daily. However, some industry experts believe that Layer-2 token incentive models might become obsolete due to rapid changes. Phasing Out Token Incentives According to Jesse Pollak, Coinbase’s head of protocol and Base leading developer, Layer-2 networks offering token incentives would soon become…
