Gas fees on the Ethereum network have experienced a significant decline in recent times. On October 8, 2023, the average gas fee recorded was 8.8 Gwei, the lowest it had been since October 2, 2022, when it was 8.4 Gwei. This decline can be attributed to a decrease in user engagement across various platforms and
In a recent unfortunate turn of events, Lido Finance, an Ethereum staking protocol, experienced a series of slashing incidents caused by infrastructure and signer configuration issues. This article delves into the incident, highlights the impact on Lido Finance and its stakeholders, and explores the lessons learned from this unfortunate event. On October 11, at approximately
Two U.S. Senators, Elizabeth Warren and Angus S. King, Jr., have stepped up their efforts to prompt the U.S. Department of the Treasury and the Internal Revenue Service (IRS) to expedite the implementation of proposed tax reporting rules for cryptocurrency brokers. In a joint letter to the regulators, the senators expressed their concerns regarding the
Extending its presence in the decentralized finance (DeFi) industry, Tangible protocol launched the real estate-backed stablecoin USDR. However, the recent events have revealed vulnerabilities in the stability of the coin’s peg to the U.S. dollar. A rush of redemptions led to a drain of liquid assets, including Dai (DAI), from USDR’s treasury. As a result,
Bitstamp, one of the leading cryptocurrency exchanges, has made the decision to discontinue its services to customers in Canada. The announcement was made by CEO Bobby Zagotta, and it is set to take effect on January 8, 2024. While the reasons behind this withdrawal remain unclear, Bitstamp expressed its gratitude towards its Canadian customers and
In the world of cryptocurrency startups, Launchpad XYZ has been making waves with its successful crypto presale, raising over $1.88 million. This financial backing sets the stage for the highly anticipated debut of its multifaceted web3 ecosystem in 2023. With a focus on serving both newcomers and seasoned veterans, Launchpad XYZ aims to be a
The Federal Open Market Committee (FOMC) held a meeting in September to discuss the current economic environment and its impact on monetary policy. Despite facing a complex set of challenges, the committee confirmed its commitment to raising interest rates, with many participants anticipating at least one more increase in the near future. One of the
Chainlink (LINK) has been a star performer in the cryptocurrency market since September, outpacing Bitcoin (BTC), Ethereum (ETH), and many other altcoins. However, the current month has not been as kind to LINK, as it has faced a 10% correction in October. This has left investors concerned that the support level of $7.20 may break,
The Open Network (TON) Foundation, in collaboration with Alibaba Cloud, has recently announced its plans to organize a performance testing event on October 31, 2023. The primary objective of this event is to establish the TON blockchain as the world’s fastest blockchain to receive accreditation from the Guinness World Records. With a significant increase in
Sofia – 11 October 11, 2023 – FinDaS, a prominent tokenomics consulting company, is excited to announce the launch of three innovative products aimed at helping crypto startups in their financial planning and tokenomics design. These tools are designed to provide startups with efficient and accessible solutions to assess their financials, validate their token economies,
