Author: e_cash_top
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Web3 fashion giants come together to host Global Metaverse Fashion event
[ad_1] The metaverse event company RLTY partnered up with metaverse fashion giants The Fabricant and World of Women (WoW) to host a global metaverse fashion event in the Decentraland between Sept. 20 and 22. The Fabricant is a digital fashion company focusing on bringing a sense of fashion to the metaverse. WoW, on the other…
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Binance misallocates $20M Helium’s HNT tokens in mistake
[ad_1] Binance misallocated roughly $20 million of Helium’s HNT token to its users due to an accounting bug, Coindesk reported on Sept. 16. According to the report, Binance has since patched the bug after its discovery. The Helium ecosystem has two tokens, HNT and MOBILE, that it uses to reward its network users. HNT is…
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Osmosis co-founder questions the effectiveness of ETH staking post-merge
[ad_1] Osmosis Co-Founder Sunny Aggarwal has questioned the effectiveness of Ethereum’s staking model as it will not enable withdrawal of staked ETH post-merge. Currently, there are 13.7 million ETH staked on the beacon chain. According to the PoS design, the assets will remain locked until the Shanghai update goes live in the future, In a…
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Ethereum could be considered a security post-Merge, Whitehouse releases crypto regulatory framework
[ad_1] The biggest news in the cryptoverse for Sept 16 includes the crypto community arguing that ETH could be considered a security post-merge, the Whitehouse releasing a framework for crypto regulation, U.S. banks pausing crypto lending plans amid challenging SEC guidelines, Celsius seeking approval to sell $23M worth of stablecoin assets. CryptoSlate Top Stories Debate…
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White House releases inaugural framework for crypto regulation
[ad_1] The White House has released the framework for cryptocurrency regulation based on the earlier executive order from President Biden. The framework — a combined effort of several federal agencies — offers several recommendations on regulating cryptocurrency, cracking down on crypto fraud, and bringing the financial services industry up to standard. CNBC reported that a…
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Reuters reports major US banks pausing crypto lending plans amid challenging SEC guidelines
[ad_1] The US Securities and Exchange Commission (SEC) guidance on crypto custody might impede banks from the industry because of the cost of implementation, Reuters reported on Sept. 16. According to the report, the SEC accounting guidelines stated that public companies holding crypto assets on behalf of their clients must account for such assets as…
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Bitcoin layer 2 Statechains gaining recognition as the reality of privacy erosion sets in
[ad_1] On August 8, the U.S Treasury added Tornado Cash to its Office of Foreign Assets Control (OFAC) list. Officials alleged that the crypto mixer was used to launder over $7 billion of crypto tokens since its inception in 2019. This included over $455 million in tokens stolen from the Axie Infinity Ronin bridge hack,…
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Bitcoin falls below all key moving averages for the fifth time ever
[ad_1] A moving average (MA) is a stock indicator commonly used in technical analysis. As its name suggests, the indicator smooths out price data by creating a constantly updated average price over a specific time period. In technical analysis, moving averages help identify trend directions by analyzing previous price actions. Moving averages are extensively used…
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With the Merge done, it’s all eyes on Cardano’s Vasil upgrade
[ad_1] With the Merge, complete attention turns to Cardano and its up-and-coming Vasil hard fork. Vasil was initially scheduled for release on Jun. 29, but a heightened approach triggered by the Terra implosion and the discovery of bugs led to delays. At the start of September, Input Output (IO) confirmed a rollout date of Sept.…
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Valkyrie raises $73.6M for crypto-focused trusts
[ad_1] Alternative asset management firm Valkyrie raised $73.6 million in capital to fund two of its crypto-focused trusts, according to an amended filing with the U.S. Securities and Exchange Commission (SEC). The new capital adds to Valkyrie’s $1.2 billion assets under management (AUM) at the end of the second quarter. Tron Trust and Avalanche Trust …