Author: News Room

Over 15 years ago, Satoshi invented the world’s first independently managed, self-operating financial system through cryptography. He aspired to push us all into a financial renaissance where our aging financial system would be replaced with one that favors no one entity or being. A fully transparent financial system that’s open 24 hours a day, seven days a week, so that anyone can track fund flows on the blockchain.And while this value proposition alone is more than sufficient to migrate from our legacy financial systems, Satoshi’s greatest breakthrough with the invention of blockchain and crypto is how a user accesses this…

The chances of approval for the pending spot Ethereum exchange-traded fund (ETF) applications this May are strained as two US Senators urged the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. In the March 11 letter to SEC Chair Gary Gensler, Senators Jack Reed and Laphonza Butler advised the financial regulator to tighten its scrutiny of Bitcoin ETFs. Lawmakers urge SEC to halt other crypto ETF approvals The lawmakers raised concerns about approving additional crypto ETFs beyond Bitcoin, citing potential risks for retail investors. They argued that other cryptocurrencies, like Ethereum, lack sufficient trading volumes and integrity…

Grayscale amended a regulatory filing through which it intends to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The company’s March 15 amendment strengthens its earlier filing in multiple ways. The update supports the argument that surveillance sharing within the CME ETH market is sufficient to protect against fraud and manipulation in the spot ETH market. Grayscale’s latest amendment includes a correlation analysis conducted by Coinbase as evidence of sufficient market correlation. Coinbase found that the CME ETH futures market has been “consistently and highly correlated” with the spot Ethereum market for roughly the past three years. The…

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…