While acknowledging that there are only few modifications compared to last year, Vitalik Buterin, founder of Ethereum, has released the Ethereum roadmap until 2024. Buterin lays out the six primary components that will continue to drive Ethereum in 2024 in a series of posts on Twitter. The six components—the merge,
Coinbase has reportedly replaced the head of its custodial company while the U.S SEC decides whether to approve a spot Bitcoin ETF. Bloomberg reports that Aaron Schnarch, CEO of Coinbase Custody, has stepped down from his position. Rick Schonberg, who has been a senior fintech executive at Coinbase since 2021
Total value locked (TVL) across DeFi protocols has hit $52 billion, an annual peak not seen since the days leading up to FTX’s demise in November 2022. This comeback is significant because the industry has had a rocky past since FTX and other companies went under. The controversies surrounding these
As a move toward becoming a center for virtual assets, Hong Kong has suggested strict restrictions for stablecoins. But the new change might make things tough for widely used stablecoins. Tether (USDT) and USD Coin (USDC), according to experts, might be in jeopardy since the regulation is more stringent than
The Web3 security space saw a dramatic shift in 2023, exhibiting both advances in resilience and enduring difficulties. Cyberattacks against the Web3 sector resulted in over $1.7 billion in damages in 2023; 453 incidents were documented. The variety of dangers shown by these assaults highlights the critical necessity for the
Final versions of the S-1 applications were submitted on December 29th by the contenders in the race for a spot Bitcoin ETF. Bitwise, Invesco Galaxy, WisdomTree, and Fidelity engaged with the U.S SEC, following BlackRock, Van Eck, and Valkyrie, as the day progressed. Among the new filings, Fidelity, WisdomTree, and
Ten Bitcoin mining operations allegedly have been shut down by Indonesian police, who have accused the organizers of stealing roughly $1 million USD worth of power. The North Sumatra Police Force reportedly raided a ten-location Bitcoin mining enterprise, seizing 1,134 mining machines, 11 meters of electrical cable, and a variety
U.S. District Judge Richard A. Jones dismissed Binance founder Changpeng Zhao’s (CZ) request for foreign travel on Friday, dealing him yet another setback. Before pleading guilty in November to breaking US law, Zhao had asked the court for consent to travel while out on bond. This was the second time
Mathew McDermott, head of digital assets at Goldman Sachs, has highlighted the possible effects on the crypto market of approving spot Bitcoin and ether ETFs. According to McDermott, this change has the potential to greatly increase institutional support for digital currencies. He claims that the market’s liquidity will be improved
Data from CryptoQuant reveals that miners’ bitcoin reserves hit a new low which was last seen in May after a wave of withdrawals this week, suggesting increasing selling pressure as Bitcoin achieves a gain of over 13% in December. Miner reserves are the total amount of coins kept in the
