Firm building decentralized supercomputer attracts 1.5M nodes during testnet
Nexus said the testnet results show that there’s “early excitement” for a shared supercomputer.
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Vermont follows SEC’s lead, drops staking legal action against Coinbase
Vermont was one of 10 US states that launched legal action against Coinbase in 2023, alleging the exchange was offering unregistered securities to users. US state Vermont has dropped its “show cause order” against crypto exchange Coinbase for allegedly offering unregistered securities to users through a staking service. Vermont’s Department of Financial Regulation said in

Ramaswamy’s Strive launches wealth management arm offering Bitcoin to clients
By integrating Bitcoin into client portfolios, Strive’s new wealth management unit can in part offer Americans “true financial freedom,” its CEO Matt Cole said.

Report Claims Over 80 Percent of Top 25 BTC Trading Pair Volumes on CMC Are Wash Traded
A new report from data researchers at the Blockchain Transparency Institute (BTI) claims that the majority of the top 25 Bitcoin (BTC) trading pairs listed on CoinMarketCap (CMC) are based upon “grossly” inflated false volumes. The researchers’ findings for December were published in BTI’s “Exchange Volumes Report” on Dec. 13.BTI presents its report as “a…

DeFi app overview: How to navigate crypto’s new finance wave
In 2020, as a result of the economic crisis caused by the spread of COVID-19, the world financial system is facing an increasing number of problems. The authorities of large countries have applied monetary policies of quantitative easing, which has led to a decrease in the value of fiat currencies and a loss of public…

Coinbase introduces wrapped staked ETH asset ahead of the Merge
“Our hope is that cbETH will achieve robust adoption for trade, transfer, and use in DeFi applications,” said the crypto exchange. 210 Total views 5 Total shares Coinbase has launched a new asset in which Ether tokens are staked and wrapped through the crypto exchange.In a Wednesday announcement, Coinbase said it will be listing Coinbase…

BlockShow Americas 2018 Day Two Kicks Off, Discusses Benefits of Crypto, Bitcoin ETF
BlockShow Americas 2018 has started yesterday in Las Vegas, bringing together more than 1,500 attendees and 80 speakers in the crypto and blockchain industries to discuss widely debated topics on the new technology and its impact on the global community. At the first day of the event on August 20, industry experts discussed major issues,…

Silvergate Bank revenue soar in Q1 as institutional crypto trading activity falls
The bank facilitated $142 billion worth of transfers between crypto exchanges and financial institutions in Q1. 233 Total views 5 Total shares On Tuesday, Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, announced its results for the first quarter of 2022. During this period, its revenue and net income grew by 93% and…

PayPal suspends user for crypto trading using PayPal’s own service
The user’s funds are reportedly under a 180-day hold. 1721 Total views 13 Total shares A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform.According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating that it had permanently limited their account “due to potential risk.”…