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It was revealed on Wednesday by Lido Finance, the biggest Ethereum liquid staking platform, that withdrawals of Lido-staked ETH (stETH) will likely be postponed until May, after the successful completion of all ongoing audits of Lido V2 codes. On March 15, Lido tweeted an update about the staking mechanism for
CEO of Ark Invest Cathie Wood slammed the American banking industry after many institutions failed. Tesla CEO, Elon Musk, nodded in agreement as she praised digital asset networks as a solution to the banking debacle. Cathie Wood tweeted a brief summary of the latest crisis, in which the US Bank
In order to make signing up for Coinbase simpler for Singaporean users, the company has implemented free bank transfers and Singpass integration. In order to facilitate trade in more than 200 different cryptocurrencies, the exchange has enhanced both its Help Centre and Coinbase Learning educational resources. According to a March
Binance, the world’s largest crypto exchange by trading volume updated its zero-fee Bitcoin trading program. Today Binance CEO Changpeng Zhao announced the cryptocurrency exchange moving zero-fee BTC trading from Binance USD (BUSD) to TrueUSD (TUSD) on March 22. Important update. Given recent events, we are moving 0 fee BTC trading
Due to the drastic previous year and collapse of multiple behemoths including FTX, Anchorage Digital is the latest cryptocurrency company to announce strategic layoffs. The firm has had to lay off around 75 employees, or 20% of the total workforce. A corporate spokesperson informed that the layoffs are unconnected to
According to a Reuters report, Facebook parent firm Meta plans to lay off another 10,000 workers. Mark Zuckerberg, the CEO, shared the news with employees in a Tuesday email. Just a few months had passed since the company’s first wave of layoffs, during which 11,000 people lost their jobs. Meta,
As the talk of Artificial Intelligence (AI) and chatbots reached the surface by the end of last year, after OpenAI’s ChatGPT. The tokens in the same zone also gained popularity. DeepBrain Chain, SingularityNET, Fetch.ai, and SingularityDAO are a few of those. The integration of AI with blockchain technology can bring
The Bitcoin (BTC) price has skyrocketed over the past week, as a result of the escalating banking crisis in the US and the federal government’s efforts to mitigate its effects. This increase indicates the traders’ belief in the crypto market’s potential for development and profitability, which may end up with
Credits rating agency Moody’s downgraded the debt rating of recently collapsed New York-based Signature Bank deep into “junk territory.” Moody’s rated Signature bank’s subordinate debt c, the grade indicates that the company is vulnerable to adverse economic conditions. It also stated that Moody’s withdraws the future ratings of the collapsed
This past weekend saw a surge in trading activity for USDC across many decentralized exchanges. The 11th of March was the day when Uniswap’s volume was the largest ever, at $11.84 billion. Yet, it isn’t the first decentralized protocol to gain popularity. This occurs following the weekend de-pegging incident of
