Vitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut?
According to L2Beat, six Ethereum layer 2s have already reached Stage 1, while most others are still stuck at Stage 0.
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BTC mining costs reach 10-month lows as miners use more efficient rigs
It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network. 278 Total views 4 Total shares The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since…

What’s in and what’s out for Ethereum’s Shanghai upgrade
Ethereum core developers have opted to prioritize the enabling of staking withdrawals via the Shanghai upgrade first before implementing The Surge-related Ethereum Improvement Proposal (EIP)-4884. As reported by Cointelegraph, the next key milestone on Ethereum’s roadmap is the Shanghai upgrade, which will enable withdrawals for ETH stakers/validators from the Beacon Chain — among other things.EIP-4884 is…

NZ Exchange Cryptopia Reports Hack With ‘Significant Losses’
New Zealand digital assets exchange Cryptopia has suspended services after detecting a major hack that has reportedly “resulted in significant losses,” according to a tweet posted today, Jan. 15.The exchange revealed in the tweet that the hack occurred yesterday, Jan. 14. The platform had initially informed the public it was undergoing unscheduled maintenance, issuing several…

PacWest stock flash crash recovers after rescue merger with Banc of Cali
PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California. 118 Total views 1 Total shares Shares in PacWest bank flash crashed by 27% on July 25 only to quickly recover in after-hours trading on the news it had merged with the Banc of California.PacWest Bancorp (PACW) stock slumped…

SEC seeks comment on in-kind redemptions for Bitcoin, Ether ETFs
In-kind redemptions are more tax-efficient and stand to increase the appeal of spot crypto ETFs for institutional investors.

Binance, CZ settlement with US DOJ ‘bullish for Bitcoin ETF,’ crypto community says
Community members compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, as its CEO was also forced to step down. 798 Total views 18 Total shares The crypto community on social media has greeted the news of the deal between Binance, Changpeng “CZ” Zhao and the United

Huobi trials NFT marketplace to further GameFi and metaverse strategy
Huobi previously launched a $10-million fund to invest in projects focused on GameFi, a mix of gaming NFTs and DeFi. 247 Total views 11 Total shares Huobi Group, the company operating one of the world’s largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges.Huobi…

Crypto market cap breaks $1 trillion following jaw-dropping rally
The combined value of all cryptocurrencies just hit $1 trillion as Bitcoin and Ether continue to surge. 2658 Total views 127 Total shares The total cryptocurrency market capitalization — a major bellwether for the overall health of the digital asset class — broke $1 trillion for the first time ever at 19:00 ET on Tuesday…