The draw of capital into Frax’s ether pools has resulted in demand for FRAX and FXS tokens, with prices of the latter rising over 62% in the past week as per CoinGecko. And because some liquidity pools pay out in FXS, the price rise theoretically means higher rewards for stakers – which, in turn, could drive more ether towards Frax, and drive even more demand for Frax’s tokens among users. Source
The regulations took affect on Monday and offer policy and guidelines for overseeing the management of digital wallets and keys plus procedures for designing digital wallets. The regulation also sets out the need for a contingency plan in case an event occurs that could affect the management system of digital wallets and keys. Source
DOGE may have been particularly focused on environmental sustainability – one of the most topical issues of the blockchain industry. Recent research from Forex Suggest has shown that Dogecoin (DOGE) was able to reduce its carbon footprint by a whopping 25% in just a year. DOGE was the only meme coin to achieve this feat in 2022. Carbon footprint remains a key metric for mainstream adoption and over the years, several debates have risen over the high energy demands of some networks. That was one of the main reasons why…
Bitcoin (BTC) faced a potentially volatile day on Jan. 18, with multiple macro triggers beginning to unsettle the outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BoJ refuses to hike Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day. The pair remained cool amid news from Japan, where the central bank — the Bank of Japan (BoJ) — had decided to keep an ultra-easy policy in place, defying expectations of an interest rate hike. In so doing, both the yen and U.S. dollar…
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Circle reassured the USDC holders and the general public that it remained committed to transparency. USDC issuer, Circle, has announced that it will be audited by Deloitte in the future instead of Grant Thornton. According to the firm, its last audit covers 2019,2020, and 2021 and has been filed publicly with the Securities and Exchange Commission (SEC). The statement formed part of the state of the USDC economy report, which it released on Tuesday. Deloitte May Be the First Since the collapse of FTX, there has been an increased call…
The SEC has reportedly violated its own privacy act while disclosing information of miners on the Green blockchain network. During their recent investigation, the United States Securities and Exchange Commission (SEC) reportedly leaked the names and email addresses of all the crypto miners connected to the blockchain firm Green. On Tuesday, January 17, the Washington Examiner reported that the SEC unintentionally included 650 names and email addresses of miners during its email communication with Green. As a result, it left the blockchain’s nodes vulnerable to hacks. Since then, the securities…
While not on a massive scale yet, 2023 saw crypto take more steps into mass adoption. The past year has been a massive year for cryptocurrencies once again. There have been several highs and huge breakthroughs, as well as a few lows. However, 2023 can be seen as a year in which crypto took another step forward. Whether you want to trade cryptocurrency, invest, or simply want a new way to buy and use services and products, some of these developments are set to transform the world of crypto in…
The final vote on European Union’s much-awaited crypto regulations called Markets in Crypto Assets regulation (MiCA) was deferred to April 2023. This marks the second delay in the final vote, earlier deferred from November 2022 to February. The latest delay is attributed to a technical issue where the official 400-page document couldn’t be translated into the 24 official languages of the EU, reported The Block. Legal documents like the MiCA, which were drafted in English, must comply with EU regulations and be published in all 24 official languages of the…
While existing users Casper Network and GameSwift have been enjoying unique offerings from their individual ecosystems, the partnership of both networks will offer additional value that will greatly improve their gaming experience. GameSwift, a Web3.0 gaming ecosystem and infrastructure service provider has announced it has entered into a strategic partnership with Layer-1 blockchain protocol, Casper Network. According to a Press Release shared with Coinspeaker, the partnership is mutually beneficial and will bring a whole new opportunity to users in both communities. GameSwift has been awarded a grant by the Casper…