The leading and fastest-growing Singaporean fintech startup giving simple access to Decentralized Finance (DeFi), Cake DeFi, has released its newest feature, Ethereum (ETH) Staking, with the additional access to liquidity through a tradable token which can be traded on the open market. Staking may be unlocked in advance of the
Fidelity has been hard at work on their own cryptocurrency exchange, called EDX Markets. Mike Novogratz, CEO of Galaxy Digital first informed about the update. Registration paperwork submitted to the U.S. Securities and Exchange Commission (SEC) reveals that Fidelity has invested $5 million in a new Ethereum index fund. Moreover,
ETH is consolidating between $1,420 and $1,200, showing positive momentum. Despite the recent drop in ETH prices, the vast majority of holders are still profitable. The price of Ethereum has seen gains on Tuesday, suggesting a healthy return. In the last 24 hours, the price of Ethereum has taken an
The average block time for Ethereum has decreased by more than 13%. Ethereum blockchain transitioned away from the power-intensive proof-of-work. It has been discovered that the Ethereum Merge update, which aimed to shift the blockchain to a proof-of-stake (PoS) consensus mechanism, has improved the rate at which new Ethereum blocks
StakeWise, a proof-of-stake app, will collaborate with Deutsche Telekom’s MMS. Ethereum’s proof-of-work consensus method was replaced with a proof-of-stake model. German telecom giant Deutsche Telekom, T-Mobile’s parent firm, has committed to operating a validator to facilitate staking on the Ethereum network. The news was officially announced by the German telecoms
The court ordered the SEC to provide relevant Hinman records. Christy Romero insists that the CFTC still considers Ethereum to be a commodity. Even with the switch to proof-of-stake (PoS), Ethereum is still seen as a commodity, according to CFTC Commissioner Christy Romero. On Wednesday, Rostin Behnam, chairman of the
The news caused a 15 percent spike in the price of EthereumPoW (ETHW). Binance Pool has announced that it would no longer charge any pool fees for a month. The world’s biggest crypto exchange Binance in a press release on Thursday announced the start of the Ethereum proof-of-work (ETHW) mining
NFT hoarder “seedphrase” sold the CryptoPunk NFT. To date, punk #5822 has fetched the highest price for a CryptoPunk. A million dollars was a common price tag for NFTs during the recent craze. It seemed that the brakes had been put to the market, since recent circumstances had remained turbulent.
In the initial release, built on Ethereum, users will only be able to pay in ETH. Ribbon Finance also launched Ribbon Earn and Ribbon Lend. The market for cryptocurrency derivatives is becoming more active. Ribbon Finance unveiled its new “high-performance” options exchange, Aevo, today. In the initial release, built on
Christie has collaborated with blockchain firms to add new features to its marketplace. Christie’s 3.0 technology allows NFTs to operate totally within the ETH network. Christie’s has already made a significant impact in the NFT field. The legendary auction house is now completely adopting Web3’s decentralized concept by introducing a
