The Ethereum Foundation has started staking a substantial amount of its treasury reserves to improve the security of the network and support its operations. This development is in line with the treasury strategy that the Ethereum Foundation revealed last year. The Ethereum Foundation has started staking 2,016 ETH from its
Taylor Lindman has joined the US Securities and Exchange Commission’s Crypto Task Force as its new chief counsel. Lindman previously served as Deputy General Counsel at Chainlink Labs, where he spent over five years navigating digital asset regulation. This was confirmed by Chainlink Labs in a statement, where they thanked
NEAR, a blockchain platform, has launched the near.com super app, a crypto wallet and consumer app designed to make blockchain as easy to use as a regular financial app. The company states that the product aims to integrate crypto and AI into a user-friendly platform. Illia Polosukhin, co-founder of NEAR,
Today, Crypto.com made the announcement that it has been granted conditional approval by the Office of the Comptroller of the Currency (OCC) to establish Foris Dax National Trust Bank, which will be known as Crypto.com National Trust Bank. Crypto.com has reached a significant milestone in the process of providing its industry-leading
Vitalik Buterin has clarified the reasons why the cryptocurrency sector will never be able to provide perfect security, citing the complexity of human intent. In a recent X post, the Ethereum founder went on to say that blockchain networks will never be able to perfectly interpret the complex intentions of
Parsec, an AI-powered on-chain analytics platform, announced on February 19 that it is closing its operations after five years in business. The crypto market continues to struggle months after the October crash, which has led to several companies shutting down their operations. After 5 years, parsec is shutting down. Not
A drop in the AI sector has brought AI cryptocurrencies into the spotlight. There is a notable dip in both segments, with the plunge spanning across all the US stock market indexes. Companies that have lost shares are Nvidia, Microsoft, and Alphabet, among others. For the AI crypto segment, a
Kresus, a wallet and blockchain infrastructure firm located in the United States, made an announcement today about a strategic investment of approximately KRW 18 billion (roughly $13 million) from Hanwha Investment & Securities, which is considered to be one of the leading financial organizations in South Korea. The investment supports Kresus’
GoPlus Security has pointed out three recent Oracle price feed discrepancies related to Moonwell, a DeFi protocol. Its cumulative bad debt has surged with the most recent incident, which dates back to this weekend. This is not a standalone incident, as many more cases surfaced in the past. Discrepancies Noted
Peer-to-peer sports prediction exchange Pred announced a $2.5 million funding round headed by Accel, in which BEF by Coinbase Ventures and Reverie also participated. The funding will help Pred establish exchange-grade infrastructure for sports prediction markets, as well as team growth, liquidity development, and international user onboarding. Before the platform is made
