Month: February 2023

Ethereum Name Service DAO Passes Vote to Sell 10K Ether

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Ethereum Name Service DAO Passes Vote to Sell 10,000 Ether

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity…

DeFi protocols unite to promote permissionless Web3 experiences

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The damages caused by the fall of major crypto ecosystems in the last year are on a path of steady recovery as good actors take proactive measures to rebuild trust among investors. Major players from the decentralized finance (DeFi) ecosystem came together to showcase the incentive behind operating trustless, interoperable and permissionless platforms. For 24-hrs from Feb.6 to 7, over 30 DeFi protocols joined in an initiative to “permissionlessly” share tweets from other protocols — thus highlighting the permissionless and interoperable nature of Web3. Projects participating in this campaign include Yearn, MakerDAO, SushiSwap and…

Korean Regulator Approves Issuance and Distribution of Security Tokens – Regulation Bitcoin News

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South Korea’s Financial Services Commission (FSC) has reportedly said that Korean investors will soon be able to easily invest and trade security tokens or fractionalized assets. According to the FSC’s Lee Su-young, security token investors are expected to get the same protection that is provided to investors in conventional securities. Protecting Korean Security Token Investors The South Korean financial markets regulator, the Financial Services Commission (FSC), has okayed the issuance and distribution of security tokens, a report has said. According to the report, Korean investors are expected to begin trading…

Bitcoin takes ‘lion’s share’ as institutional inflows hit 7-month high

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Bitcoin (BTC) rebounding 40% in January sparked the largest inflows of institutional cash since June 2022, data shows. In its “Digital Asset Fund Flows” Weekly” report on Jan. 30, digital asset investment and trading group CoinShares confirmed $117 million headed into crypto in the last week of the month. Institutions “not sold” on post-merge Ethereum Bitcoin is still on the radar as an institutional investment opportunity. As demonstrated by CoinShares’ latest data, it took a matter of weeks of BTC price action recouping prior losses to spark a major turnaround…

The Ordinals Protocol Has Caused a Resurgence in Bitcoin Development

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One reasonable criticism of bitcoin’s security model is the lack of miner revenue attributable to fees, the note said. Currently, most of the security budget paid to miners to secure the network comes from the block subsidy. The blockchain needs to figure out a way to “create a sustainable demand for blockspace or hope that non-economic miners commit to securing the network,” the note added. Original