A previous version of Ethereum for Rust had been released by Erigon in June, but the Erigon team stopped supporting it due to a lack of resources. Web3 investment firm Paradigm has released a Rust implementation of Ethereum, according to a Dec. 7 announcement from the company’s chief technology office, Georgios Konstantopoulos. The new software,...Continue Reading

Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally. The total cryptocurrency market capitalization dropped 1.5% in the past seven days to rest at $840 billion. The slightly negative movement did not break the ascending channel initiated on Nov. 12, although the overall sentiment...Continue Reading

According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda. Following BlockFi’s Chapter 11 bankruptcy filing at the United States Bankruptcy Court for the District of New Jersey, reports have surfaced about the crypto lending company’s...Continue Reading

Users will be able to withdrew their staked Ether and applicable rewards after the upgrade goes live. According to a discussion at the 151st Ethereum Core Developers Meeting on Dec. 8, core programmers set a tentative deadline of March 2023 for the Shanghai hard fork. In addition, developers will aim for May or June 2023...Continue Reading

“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith. Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s...Continue Reading

The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles. According to statistics sourced from data aggregator YCharts, seven digital currency funds issued by asset manager Grayscale Investments are currently at a discount of 34% to 69% to their net asset value, or NAV. Holdings tracked in the analysis include...Continue Reading

WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token. Algorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the subsequent blow-up of Terra’s LUNA token which was used for the asset’s backing. Algorithmic stablecoins are...Continue Reading

The Nomad protocol will allow users to bridge back madAssets and access a pro-rata share of recovered funds. The Nomad token bridge announced its relaunch guide after fixing the contract vulnerability that led to a $190 million exploit in August. According to a blog post from Dec. 7, the Nomad protocol will allow users to...Continue Reading

The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number. American fintech company ZELF has introduced an anonymous Visa debit card to be accepted at any of Visa’s 80 million locations worldwide.  ZELF’s latest initiative will allow users to open up a...Continue Reading

BTC price action targets $17,000 amid gently increasing volatility, with a week to go until U.S. inflation data. Bitcoin (BTC) ranged below $17,000 at the Dec. 8 Wall Street open as the U.S. dollar threatened further weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar dips as stocks see modest upt Data from Cointelegraph Markets...Continue Reading