Author: Andrei Ionescu
At the Ethereum Singapore 2024 conference on September 16, Ethereum co-founder Vitalik Buterin emphasized the critical role of solo staking in enhancing the network’s security and decentralization. Solo stakers, who stake Ether (ETH) independently without relying on third-party services or centralized entities, are essential for reducing the reliance on centralized players and protecting Ethereum’s long-term resilience. Strengthening Ethereum Against Centralization Risks In his address, Buterin warned about the risks posed by centralized staking services and large staking pools. He argued that solo stakers act as a crucial defense against potential network attacks, specifically 51% attacks, where a malicious entity gains…
Binance has announced the listing of Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (100000BABYDOGE), which will be available for spot trading starting on September 16, 2024, at 10:00 (UTC). The new spot trading pairs are as follows: Users can start depositing NEIRO, TURBO, and 100000BABYDOGE one hour prior to trading. Withdrawals will open on September 17, 2024, at 10:00 (UTC). A Seed Tag will be applied to NEIRO, TURBO, and 100000BABYDOGE. Trading bots and spot copy trading will be enabled for these tokens within 24 hours of the listing. Users can customize their Spot Copy Trading portfolios through the…
Binance Futures has announced the launch of a new trading option, the UXLINKUSDT Perpetual Contract, which will go live on September 15, 2024, at 15:00 UTC. This contract will offer up to 75x leverage, providing traders with an additional high-risk, high-reward tool to enhance their trading strategies. At launch, the maximum funding rate for the UXLINKUSDT contract is set at +2.00% / -2.00%, with funding fees settled every four hours. Binance has stated that it may adjust the contract specifications over time in response to market conditions. These adjustments could include changes to the funding fee, tick size, leverage limits,…
Bitcoin (BTC) order books are indicating a potential bottom in the market, with a bullish reversal on the horizon, according to data from Hyblock Capital. The order books, which reflect buy and sell activity at various price levels, show a significant decline in liquidity, a common pattern observed at market turning points. Market Depth Decline Liquidity both close to and further from the current BTC market price has dried up, suggesting the end of Bitcoin’s recent decline from its late-August highs above $65,000. Market depth, which measures the ability of the market to handle large buy and sell orders without…
The U.S. Securities and Exchange Commission (SEC) has expanded its lawsuit against Binance, adding new allegations that target additional tokens, including Axie Infinity (AXS), Filecoin (FIL), and Cosmos (ATOM), claiming they are unregistered securities. This latest move underscores the SEC’s ongoing efforts to tighten regulation over the cryptocurrency industry. In the SEC’s updated legal filings, other tokens, such as Sandbox (SAND) and Decentraland (MANA), were also classified as securities, expanding the scope of the lawsuit. This action highlights the regulator’s growing focus on categorizing various digital assets under securities law to exert more regulatory control over the sector. Expansion of…
Venture capital firm ParaFi Capital has taken a significant step towards blockchain integration by tokenizing part of its $1 billion in assets under management on the Avalanche (AVAX) blockchain, in collaboration with real-world asset tokenization platform Securitize. This move marks the firm’s shift from merely investing in asset tokenization projects to using the technology itself. ParaFi, known for its heavy involvement in the crypto sector and real-world asset tokenization, raised $120 million to invest in other digital asset funds and recently participated in a $47 million strategic round for Securitize. Now, the firm plans to tokenize a portion of its…
Crypto exchange Kraken is pushing for a jury trial in its legal battle against the U.S. Securities and Exchange Commission (SEC), according to a court filing submitted on Thursday. The exchange is facing allegations from the SEC of violating federal securities laws by failing to register as a broker, clearinghouse, or exchange. The lawsuit, filed in the Northern District of California in November, is part of a broader regulatory crackdown on the cryptocurrency industry. Similar lawsuits have been brought against major crypto platforms Binance and Coinbase, which also face accusations of violating securities laws. The SEC’s complaint against Kraken lists…
The U.S. government is pressing Nigeria to release Tigran Gambaryan, a former U.S. law enforcement officer and current employee of cryptocurrency exchange Binance, who was arrested in February and has since faced deteriorating health conditions in prison. Senior officials from the State Department revealed that Gambaryan’s detention has become a significant point of diplomatic discussion between the two nations. Secretary of State Antony Blinken raised the matter with his Nigerian counterpart in May, and U.S. diplomats, including the U.S. ambassador to Nigeria, have been advocating for his release on humanitarian grounds in private meetings with Nigerian officials. Gambaryan, who reportedly…
The Bank of Russia has set a target for widespread adoption of the digital ruble by July 2025, aiming to integrate the currency into the country’s financial ecosystem for both retail and commercial use. Russia’s largest banks are expected to support the initiative by enabling customers to open and top up digital ruble accounts, make transfers, and accept digital rubles in their infrastructure. According to the central bank’s statement on Thursday, the goal is to ensure that the digital national currency is available to citizens and businesses alike. They should be able to use it on equal footing with cash…
OKX has announced the addition of the USDC/EURC trading pair to its spot market, with trading scheduled to commence on September 13, 2024. The Euro-backed stablecoin, EURC, issued by Circle, will be fully integrated into the platform, providing users with a stable digital currency option. The timeline for the listing is as follows: EURC is a fully regulated, euro-backed stablecoin with a 1:1 backing by euro reserves held in prominent financial institutions, ensuring transparency and liquidity for European and global markets. This move is expected to enhance liquidity for EURC users and expand stablecoin options on OKX’s spot trading platform.