The Solana (SOL) network has experienced a surge in value, gaining more than 17% after receiving praise from ARK Invest CEO Cathie Wood for its efficiency and cost-effectiveness. Wood, in a recent CNBC interview, recognized the Solana network as a crucial player in the wider blockchain ecosystem and commended its performance in the current market
Ethereum
In a recent report by blockchain security platform Immunefi, it was revealed that nearly half of all cryptocurrency lost from Web3 exploits can be attributed to Web2 security issues, such as leaked private keys. This eye-opening information highlights the urgent need for stronger security measures in the cryptocurrency space. Released on November 15, the report
The adoption of ERC-4437, the Ethereum account abstraction standard, has not been as revolutionary as initially anticipated. John Rising, a proponent of account abstraction, recently shared alarming statistics that highlight the lackluster adoption of this technology. Rising’s data reveals a substantial decline in users, low transaction activity, and unfavorable operational costs for infrastructure providers. This
The United States Securities and Exchange Commission (SEC) is currently weighing the approval of 12 spot Bitcoin exchange-traded fund (ETF) applications. It is reported that the SEC has a “window” to approve these applications starting from November 9th. This includes the conversion of Grayscale Investments’ Grayscale Bitcoin Trust product. However, even if the SEC were
BlackRock, the world’s largest asset management firm, has recently raised concerns regarding the differential treatment of spot-crypto and crypto-futures exchange-traded fund (ETF) applications by the U.S. Securities and Exchange Commission (SEC). In its pursuit of launching an iShares Ethereum Trust, a spot-Ether (ETH) ETF, BlackRock questions the regulatory distinctions made by the SEC and argues
In a groundbreaking development, the world’s largest asset manager, BlackRock, announced its intention to file for a spot Ethereum (ETH) exchange-traded fund (ETF) on November 9th. This news comes just four months after BlackRock filed for a spot Bitcoin ETF, marking a significant shift in the asset manager’s approach to the cryptocurrency market. The filing
The race for supremacy among Ethereum layer-2 networks is heating up, leading users to raise questions about the unique features, use cases, and strategies employed by each network to attract more Web3 users. In this episode of Hashing It Out, Cartesi co-founders Colin Steil and Erick de Moura discuss the significance of app-specific rollup protocols
Lido, a liquid staking protocol, has recently made a significant move by approving the deployment of its Wrapped Staked Ether (wstETH) on Coinbase’s Base network. This decision, which was announced on November 8, opens up new possibilities for users to trade and use wstETH in various decentralized finance (DeFi) applications. Lido enables users to stake
The founder of LHV Bank, Rain Lõhmus, finds himself in a rather unfortunate situation. He is the owner of a massive 250,000 Ether (ETH) stash, purchased during the Ethereum ICO, which is now worth an astounding $470 million. However, there’s just one problem – he no longer has access to it. In a recent interview,
Ethereum (ETH) has experienced a surge in price, but compared to Bitcoin (BTC), it falls short in terms of gains. The current bullish trend is challenged by various factors, including uncertainty surrounding ConsenSys and regulatory pressures. Additionally, issues with decentralization and high gas fees contribute to the difficulties Ethereum faces in breaking the $1,900 resistance.
