The Binance crypto exchange will burn all trading fees collected on its LUNC/BUSD and LUNC/USDT spot and margin pairs. To support the Terra community’s efforts to revive the Terra (LUNA) — now renamed Terra Classic (LUNC) — token, crypto exchange Binance announced an off-chain burning mechanism last week. However, after receiving mixed reactions from community...Continue Reading

Hoskinson called Ethereum Merge a flawed PoS implementation, claiming custodial staking would create issues for the network in the long run. Charles Hoskinson, the founder of Cardano and co-founder of Ethereum blockchain, got into a war of words with Ethereum developers on the implementation of proof-of-stake (PoS) consensus via Merge. On Sunday, Web3 investor Evan...Continue Reading

The Nvidia GeForce RTX 3080’s price dropped from $1118, or 8,000 yuan, to 5,000 yuan within three months, according to a Chinese merchant. As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have...Continue Reading

Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements. The Great British pound sterling has fallen to the lowest level ever against the U.S. dollar. In a flurry of overnight trading activity, the pound reached lows of 1 pound =...Continue Reading

A time tunnel to November 2020 opens on BTC price action as the U.S. dollar lays waste to currencies and equities alike. Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years. As risk assets across the global economy take a hammering and...Continue Reading

The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks, and operational models for a CBDC in Australia. Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia (RBA) released a white paper outlining...Continue Reading

Dave Ripley says he doesn’t see a reason to register with the SEC as an exchange because Kraken does not offer securities to users. The newly appointed CEO of crypto exchange Kraken has stated that he has no plans to register the company with the Securities and Exchange Commission (SEC) or delist any tokens that...Continue Reading

The proposal puts forward an “opt-in” token standard that would enable victims to report theft to a governance contract, with algorithms helping to identify and freeze ill-gotten gains. Stanford University researchers have come up with a prototype for “reversible transactions” on Ethereum, arguing it could be a solution to reduce the impact of crypto theft....Continue Reading

While the commission is standard for Apple, some have expressed their displeasure at the company’s “grotesquely overpriced” cut of sales. Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the...Continue Reading

The plaintiff, Veritaseum believes that other centralized and decentralized crypto exchanges may have also unlawfully used the patent to facilitate crypto payments, trading, and staking services. Crypto exchange Coinbase has found itself in legal hot water after being accused by blockchain-based software firm Veritaseum Capital of infringing on a patent relating to its blockchain technology...Continue Reading