Author: News Room
Fidelity Investments has amended its application for an Ethereum (ETH) spot exchange-traded fund (ETF) to include a staking feature, according to a regulatory filing. The amendment was filed with the US SEC on March 18 and has stirred significant interest in the industry, but market analysts and observers have mixed feelings. It introduces the possibility for the ETF to engage in staking activities, a core aspect of Ethereum’s functionality following its shift to a Proof of Stake (PoS) model. The amendment comes days after US politicians wrote to the SEC to block further crypto-related ETFs due to concerns over the…
Over the years, the Asia Pacific region (APAC) has established itself as an impressive environment for the rapidly growing technology industry. From the bustling tech hub of Singapore to the financial might of Hong Kong, the flourishing Web3 community in Vietnam, and the impressive technological creativity of Japan, APAC has consistently been at the forefront of innovation.With governments actively embracing blockchain, a highly skilled digital native population, and leading industry projects setting their sights on the region, APAC is set to lead the charge in shaping the future of Web3. Governments and Regulators Setting Pace One of the critical drivers of this…
Undoubtedly, one of the prerequisites for the mass adoption of blockchain technology is secure and seamless cross-chain interoperability. Many potential applications, particularly in complex and regulated sectors, simply can not be deployed without common guidelines and interface definitions. Without these, as is currently the case, applications that aim to go cross-chain must rely on custom off-chain components and automatically inherit the accompanying risks and trust assumptions. The only alternative is to remain constrained to a single, isolated network.Today’s interoperability solutions – or “bridges” – have matured to the point where just about any two blockchain networks can be connected. The…
Cosmos-based decentralized exchange Astroport is set to deploy its passive concentrated liquidity (PCL) pools on Osmosis, the largest Cosmos-based DEX by volume, following successful governance votes on both platforms. This move marks an alignment between two of the most active DEXes in the Cosmos ecosystem, aiming to improve the overall trading experience and capital efficiency for users.PCL pools, which aim to provide the benefits of concentrated liquidity without requiring active management, will be offered alongside Osmosis’s existing “supercharged liquidity” pools. Astroport’s pools utilize an advanced repegging algorithm that automatically concentrates liquidity around the exponential moving average of ongoing trades. As…
Blockchain analytics firm Elliptic revealed that the North Korea-backed hacker group Lazarus is once again using sanctioned crypto mixer Tornado Cash to obfuscate its transactions.Last year, the group ceased using the crypto mixer after US government sanctions, which were imposed due to allegations of aiding criminals in laundering illegally obtained digital assets.Following the sanctions, Tornado Cash saw an 85% decline in overall volume as hackers began using alternatives like Sinbad.io and cross-chain bridges.Why Lazarus group returned to Tornado CashHowever, the US government’s sanctions on Sinbad.io for facilitating money laundering activities of North Korean state- hacking groups have limited options for…
Solana’s SOL has surged to a new all-time high of 0.05797 against Ethereum, according to Tradingview data.This price performance follows its recent surge above the $200 mark for the first time since November 2021, coinciding with the blockchain record-breaking network activity.The price uptick has propelled Solana’s market capitalization to an unprecedented high of more than $91 billion, cementing its position as the fourth-largest digital asset by market cap.As of press time, Solana was trading for $207, according to CryptoSlate’s data.Solana DEX volumeSolana’s surge in value finds its roots in robust network activity, driven notably by the prevailing memecoin fervor.DeFillama data…
Binance, one of the world’s leading cryptocurrency exchanges, announced that it will offer several new trading pairs and trading bot services, effective March 21, 2024, in order to expand trading options and offer a richer trading experience to its users. Binance Spot Introduces New Trading Pairs and Bot Services to Improve User Experience Binance will begin trading the following pairs starting at 11:00 AM on March 21: AAVE/TRY, ARKM/FDUSD, CRV/TRY, FET/BRL, RAY/FDUSD and RNDR/EUR. This expansion aims to offer users greater flexibility and access to a variety of trading options on the Binance Spot platform. Additionally, Binance will also introduce…
Binance, one of the world’s leading cryptocurrency exchanges, announced its decision to remove three tokens from its platform as of April 3, 2024. The tokens affected by this decision are DREP (DREP), Mobilecoin (MOB) and pNetwork (PNT). Binance Announces Delisting of DREP, MOB, and PNT Tokens The decision to delist these tokens stems from Binance’s commitment to maintaining high standards and adapting to evolving market dynamics. As part of its periodic review process, the exchange considers various factors such as project team commitment, development activity, transaction volume, network stability, regulatory compliance, and contribution to a healthy crypto ecosystem. All trading…
Data shows XRP trades for $74 on the Atlantis exchange, where XRP recently secured a listing, but the legitimacy of the platform has become a subject of discussion. Since slumping beneath $1 in December 2021, XRP has maintained a position below that mark. With market analysts predicting imminent price surges above $1 and possibly to a two-digit price, investors have indeed witnessed this phenomenon, albeit not in the expected fashion. Interestingly, XRP has been recording prices way above its actual trading value on a centralized exchange known as Atlantis. This development came up shortly after the cryptocurrency exchange, which claims…
Solana-based decentralized exchanges have been busier than their Ethereum counterparts over the past seven days. The meme coin frenzy seems to have catalyzed higher volumes on Solana. Solana also boasts of higher capital efficiency than Ethereum and other chains, according to one research firm. Solana has replaced Ethereum as the No. 1 smart-contract blockchain by trading volume. Trading volume in Solana-based decentralized exchanges (DEX) has increased 67% to $21.3 billion in seven days, data tracked by DeFiLlama show. Volume in Ethereum-based decentralized exchanges rose 3% to $19.4 billion over the same period. There are 17 DEXes on Solana. Orca, the…