Crypto industry calls on Congress to block new DeFi broker rules
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules.
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London’s impact: Ethereum 2.0’s staking contract becomes largest ETH holder
Recently, the Ethereum network reached a new staking milestone. On Aug. 17, the Ethereum 2.0 staking contract became the single largest holder of Ether (ETH), surpassing Wrapped Ether (WETH). According to data from Etherscan, the Eth2 deposit contract now holds over 7.14 million Ether tokens, valued at $23 billion at the time of writing.This accounts…
Google to Offer Distributed Ledger Solutions in Cloud Platform Marketplace
Google is joining the list of tech giants to deploy blockchain technology to offer customers fintech and cloud service solutions, according to an official statement Monday, July 23. Google announced that the company has partnered with two blockchain-focused firms, Digital Asset and BlockApps, to offer new distributed ledger technology (DLT) solutions on Google's Cloud Platform…
FTX considers reboot, Ethereum’s fork goes live and OpenAI news: Hodler’s Digest, April 9-15
Top Stories This Week Ethereum’s Shapella hard fork executed on mainnet The Ethereum blockchain’s mainnet, also referred to as the Beacon Chain, implemented the Shapella hard fork on April 12. The upgrade made fund withdrawals possible for those who have staked the network’s Ether (ETH) asset. Within the first hour of the hard fork, a…
Bitcoin to $100K next? Analyst eyes ‘textbook perfect’ BTC price move
Bitcoin is in the midst of a "bump & run reversal" which demands serious upside, argues Capriole CEO, Charles Edwards. 343 Total views 5 Total shares Own this piece of history Collect this article as an NFTBitcoin (BTC) is setting up a classic trading move, which could see it hit a giant $100,000, one analyst…
Raydium is attacked, loses $2M
The team said that authority over the automated market maker and farm programs has been paused “for now.” 2102 Total views 11 Total shares Own this piece of crypto history Collect this article as NFTSolana-based decentralized finance protocol Raydium has suffered an exploit, according to a statement from the developer. An initial investigation by the…
JPMorgan debuts tokenization platform, BlackRock among key clients: Report
The Tokenized Collateral Network enables the conversion of traditional assets into digital assets and makes way for faster and more secure on-chain settlements. 554 Total views 7 Total shares United States banking giant JPMorgan debuted its in-house blockchain-based tokenization application, the Tokenized Collateral Network (TCN), on Oct. 11, according to Bloomberg. TCN settled its first trade
Polygon tables late-March launch date for its zkEVM Mainnet Beta
The Ethereum scaling solutions provider is preparing to launch its long-awaited Ethereum Virtual Machine roll-up technology. 233 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe long-awaited scaling upgrade from Ethereum layer-2 solution provider Polygon (MATIC) has been announced, with the Beta launch of its zero-knowledge Ethereum Virtual…
Bitcoin Price Fails to Break Through $11K — Altcoin Bull Run Fizzles
Bitcoin (BTC) price slid from levels near $11,000 Aug. 20 as momentum which sparked bullish sentiment at the start of the week fizzled.Market visualization. Source: Coin360Bitcoin lingers below $11K resistanceData from Coin360 showed BTC/USD abandoning its shot at passing $11,000, having risen from levels near $10,700 on Monday.The pair was trading back at those levels…