Vitalik Buterin: Solo staking key to Ethereum’s security

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi saw developers behind Base and Optimism protocols join hands to develop a revenue and governance sharing framework. The $1.5-billion Multichain hack has seen…

Stablecoin issuer Tether is reportedly in talks with a Big Four accounting firm to audit its assets reserves and verify that its USDT (USDT) stablecoin is backed at a 1:1 ratio. Tether CEO Paolo Ardoino reportedly said the audit process would be more straightforward under pro-crypto US President Donald Trump. It comes after rising industry

As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022. 113 Total views 13 Total shares Own this piece of history Collect this article as an NFTBinance USD (BUSD) market cap has fallen below $10 billion for the first time in…

Finnish P2P bitcoin (BTC) trading platform LocalBitcoins has kept silent after users reported it had removed cash trading from its service on June 1.LocalBitcoins, which allows users to trade BTC for fiat currency privately, purportedly cut the option for in-person meetups to trade crypto for cash, angering social media commentators.“It’s time to no longer recommend…

Even miners selling high-performance computing to AI models are under strain, according to JPMorgan analysts. 481 Total views 1 Total shares Bitcoin (BTC) mining stocks are struggling as declining cryptocurrency prices add further pressure to business models strained by the Bitcoin network’s April halving, according to a JPMorgan research note shared with Cointelegraph.  Mining stocks

The expansion comes 12 months after the firm announced its intention to expand down under.

"Greater clarity" around the Merge has driven institutional inflows into Ethereum products, according to a CoinShares report. 160 Total views 20 Total shares Institutional investors are piling into Ether-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report. Said inflows reached $16.3 million last week, adding to…

The price of Bitcoin (BTC) has reached a new all-time high above $29,400 across major exchanges on Jan. 1. In other words, BTC is just 2% away from reaching the psychological resistance level at $30,000.Breaking $30,000 could fuel renewed confidence in the market with the last remaining technical roadblock right below this level. BTC/USDT 4-hour price chart…

Ether (ETH) price lost more than 40% this week, even hovering around $100 on the day which is now being considered the new Black Thursday in crypto and traditional markets. In recent hours Ether has bounced back slightly to trade in the $120 to $130 range.Cryptocurrency market weekly overview. Source: Coin360However, in 2017 Ether and…