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
SwissGold Crypto AG, a regulated crypto issuer in Switzerland, has introduced a groundbreaking solution for preserving wealth in the midst of the volatile financial market. By combining the timeless value of gold with the innovative potential of Non-Fungible Tokens (NFTs), SwissGold Crypto AG presents gold-backed NFTs as a transparent and immutable proof of ownership. Throughout
Ava Labs, a prominent crypto startup known for its development of the Avalanche blockchain, has recently made the decision to lay off 12% of its workforce. Founder and CEO, Emir Gün Sirer, confirmed this move, stating that it will allow the company to reallocate resources towards company growth and the expansion of the Avalanche ecosystem.
The Vice Chair for Supervision at the U.S. Federal Reserve, Michael Barr, recently addressed the issue of stablecoins and central bank digital currencies (CBDCs). This article examines Barr’s comments and their potential impact on the cryptocurrency industry. Barr emphasized the need for a “strong, federal regulation” of stablecoins to ensure proper approval, regulation, and enforcement
While the Bitcoin price continues to record profits, it is showing signs of exhaustion on lower timeframes. However, when zooming out and considering recent data, it becomes clear that cryptocurrencies have experienced a massive rally over the past few months, with the potential for further gains. As of now, Bitcoin is trading at $34,800 with
On Tuesday, November 7, 2023, the much-anticipated Sponge token ($SPONGE) Season 1 airdrop took place, with over $100K distributed among participants. This competitive airdrop attracted more than 20,000 active participants who engaged in a series of Sponge challenges related to trading, engagement, and $SPONGE token holding. In this article, we will analyze the results of
Ripple CEO Brad Garlinghouse is eagerly anticipating the upcoming DC Fintech week, where he is expected to make some significant announcements and engage in heated discussions. Garlinghouse is known for his active involvement in the crypto community, and he has been dropping hints and teasers about the upcoming Ripple Swell 2023 event scheduled for November
Gemini’s UK branch recently announced a new policy that will limit cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) starting from November 17th. This decision comes as a result of the Travel Rule regulations, which now mandate VASPs to share sender and receiver information for crypto transactions. In
The Bored Ape Yacht Club (BAYC) has long been a prominent name in the world of Web3 and NFTs. With its exclusive community of digital art collectors, this members-only club is highly sought-after within the NFT space. Their unique collection of 10,000 computer-generated cartoon ape NFTs has drawn in investors from all corners of the
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,
