Binance said retiring old deposit addresses on multiple blockchains is part of its infrastructure upgrade, with the new addresses offering better security and efficiency.
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Aleph Zero launches $50M ecosystem funding program
The Funding Program for the ecosystem involves grants, incubation, and acceleration for all phases of product development, with approved applicants receiving up to $500,000 per project.
ETH staking passes withdrawals for the first time after Shapella upgrade
Ethereum blockchain underwent a successful Shapella upgrade on April 12, making way for validators to withdraw their staked Ether (ETH) from the Beacon chain after three years. After seeing over a million ETH in withdrawals in the first week, the amount of staked ETH has now surpassed the number of ETH being withdrawn for the first time after the Shapella upgrade.
Data from the on-chain analytic firm Nansen suggests that there are more ETH being staked at present than withdrawal requests. As of April 17, the ETH staking volume ETH staked 124,000 ETH exceeded the withdrawal volume of 64,800 ETH for the first time. In the last 24 hours, the amount of staked ETH was 94,968 against 27,076 in withdrawals. The first round was mostly partial withdrawals from Lido and old validators. It takes approximately three days to get into the withdrawal queue.
Volume of staked ETH vs withdrawals. Source: NansenShapella upgrade was being projected as the make-or-break situation for the Ethereum blockchain as millions in unlocked ETH posed a risk of mass selling of the token. However, contrary to popular belief, the majority of the validators are re-staking their unlocked Ether. Crypto exchange Binance will open withdrawals on April 19.
Related: Ethereum price metrics hint that ETH might not sell off after the Shapella hard fork
Out of the 1 million withdrawn ETH, 3 addresses re-staked ETH with a total of 19,844 ETH. 3 addresses transferred ETH to Centralized exchanges after withdrawal, with a total of 71,444 ETH sent to different exchanges. Other whales did the same with some sending it to Huobi staking address and few other to CEX, according to data shared by Lookonchain.
ETH staking passes withdrawals for the first time after Shapella upgrade
Over 1 million ETH has been withdrawn since the Shapella hard fork on April 12. However, a significant chunk of addresses has gone back to re-staking their ETH.
Privacy, scaling drives use cases for zero-knowledge technology
Zero-knowledge (zk) technology has seen major growth in adoption within the blockchain space in 2023, according to an inaugural quarterly report published by zkValidator.
Privacy, scaling drives use cases for zero-knowledge technology
Zero-knowledge (zk) technology has seen major growth in adoption within the blockchain space in 2023, according to an inaugural quarterly report published by zkValidator.
Ethical considerations in AI development and deployment
Learn about the ethical considerations in AI development and deployment, including fairness and algorithmic ethics.
Core DAO partners with Bitget and MEXC to launch $200M ecosystem fund
The Ecosystem Fund will provide financial support to early stage projects.
Crypto lender Babel gets extended creditor protection in Singapore
Hong Kong-based Babel Finance will totally have more than a year to repay debts to its creditors after suspending withdrawals last June.
Crypto lender Babel gets extended creditor protection in Singapore
Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022.
Bitcoin mining and increasing energy bills — Sen. Warren vs Crypto Twitter
“I’ve been ringing the alarm about the risks that Bitcoin poses to our power grids and climate," said Sen. Warren, while agreeing to a New York Times article on the matter.
UAE’s federal financial regulator opens licensing applications for VASPs
Companies that have already acquired licenses from the country’s financial free zones are exempted from the requirement of registering with the regulator.
‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax
Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly.
Video of SEC chair praising Algorand resurfaces after recently deeming it a security
Members of the crypto community have called out the SEC Chairman for “shilling” Algorand.
Video of SEC chair praising Algorand resurfaces after recently deeming it a security
A four-year-old video of United States Securities an Exchange Commission (SEC) chair Gary Genser giving praise to smart contract platform Algorand (ALGO) is circulating on Twitter following the SEC declaring ALGO is an unregistered security.
In the video, Gensler referred to Algorand as a “great technology” while he was contemplating whether a “high performance” smart contract network would be capable of integrating an Uber or Lyft-like application on its platform.
ALGO is one of six tokens that Gensler claimed was an unregistered security in the SEC’s lawsuit against crypto trading platform Bittrex on April 17 that took issue with the Algorand Foundation's initial coin offering (ICO) of ALGO in June 2019.
Cryptocurrency researcher Mason Versluis was one of the first to highlight the video in an April 17 tweet criticizing Gensler for “shilling” ALGO, with others calling out the SEC chair for his apparent hypocrisy.
Gensler’s praise of Algorand was heard by an audience at a Massachusetts Institute of Technology (MIT) “Fintech Beyond Crisis” conference held on April 25, 2019.
Video of SEC chair praising Algorand resurfaces after recently deeming it a security
Members of the crypto community have called out the SEC Chairman for “shilling” Algorand.
Coinbase to help UK on Web3 hub as Treasury reportedly revives blockchain taskforce
Brian Armstrong will give suggestions to the U.K. on regulations, taxes and ensuring collaboration between the banking and FinTech sectors.
MicroStrategy’s Saylor fuses work email address with Bitcoin Lightning
Fans of the Bitcoin bull have been transferring him 21 Satoshis as a way to test out the feature.
EU legislators call for ‘safe’ AI as Google’s CEO cautions on rapid development
A group of EU politicians called for a united front in developing AI while tech executives express concerns about its societal impacts.
Australian crypto scams increased by over 162% with nearly $150M lost
While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022.