In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket Pool and Frax Ether have recorded double-digit gains of 34% to 42% in the past 30 […]
How does Polygon [MATIC] fare amidst emerging L2 solutions? Assessing…
Polygon’s dominance gets threatened by other L2 protocols and their upcoming airdrops.
Deciphering the link between Bitcoin’s [BTC] block sizes and miner fees
The growing popularity of Ordinals inscriptions and BRC-20 has significantly increased the Bitcoin network’s block size, posing challenges and implications for miners’ efficiency and storage capacity.
IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations
The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve the matter as quickly as […]
UK citizen pleads guilty to cybercrime offenses leading to theft of $794,000 digital assets
Joseph O’Connor, 23, is scheduled for sentencing by U.S. District Judge Jed S. Rakoff on June 23, 2023, staring at the possibility of over 15 years in federal prison. […] Read More… The post UK citizen pleads guilty to cybercrime offenses leading to theft of $794,000 digital assets appeared first on CoinGeek.
Despite Arbitrum’s subdued performance, there are takers for ARB and here’s why
Although the hype around the token has submerged, growth in holder count suggests that there was belief in long-term price action.
Texas Takes a Stand Against Central Bank Digital Currency (CBDC)
Texas introduced a bill to ban the Central Bank Digital Currency. According to the draftees, CBDC is a bad idea. On May 12, Texas announced that they were introducing a bill to ban the Central Bank Digital Currency (CBDC) in their state by the 88th legislature. According to the draftees, CBDC is a bad idea. […]
Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida
On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids the use of a federally adopted CBDC as money. Florida Puts the Brakes on CBDCs The […]
Bakkt delists majority of tokens from recently acquired Apex Crypto platform
The delisting included major tokens used in DeFi; the company said it was following “up-to-date regulatory guidance.”
US Customers Can Pay With Ethereum Through PayPal via MetaMask Integration
On May 11, MetaMask revealed that it had added PayPal as a payment option for Ethereum purchases. However, the new payment channel is only available to U.S. users. “MetaMask is the first web3 wallet to enable users to buy ETH using PayPal, a leader in the digital payment space,” it said. The integration also supports […]