Category: Latest news

[ad_1] Liquid staking derivatives tokens have increased by an average of over 40% in the last seven days, with Lido (LDO) rising the highest by over 64%, according to CryptoSlate’s data. Liquid staking platforms have enjoyed renewed interest following recent revelations that staked Ethereum could be unlocked as early as March when the network undergoes…

[ad_1] Hong Kong’s Financial Secretary Paul Chan said that the government has completed its crypto regulation framework, which will come into effect in June 2023. Speaking at the POW’ER Web3 Summit on Jan. 9, Chan said that the legislative framework needed to issue licenses to virtual asset providers has been finalized. “We have recently completed…

[ad_1] HIVE Blockchain produced 213.8 Bitcoin (BTC), earned $3.15 million in addition to the produced BTC, and installed 1,423 of its BuzzMiner BTC miners in December 2022, according to the company’s update. HIVE’s Executive Chairman, Frank Holmes, commented on the company’s production in December and said: “We are very happy to be producing over 213…

[ad_1] The recent price performance of Gala took the crypto community by surprise. At press time, the GALA token posted 60% gains over the last 24 hours to trade at $0.03691 — a nine-week high. Similarly, Zilliqa recorded 47% gains over the same period, while large caps Solana and Cardano were up 19% and 17%,…

[ad_1] Bitcoin’s (BTC) hash rate surged 17% to an all-time high of 361.28EH/s on Jan. 6 from around 233 EH/s recorded on the same day — the second biggest one-day increase in the past year. It has since retraced to 269.56 EH/s, as of press time. Source: Glassnode Over the past week, data shows that Foundry…

[ad_1] According to Circle’s most recent reserve report, around 65% of all USD Coin (USDC) reserves are held as US treasury bills. Circle held $43.4 billion in USDC reserves to back 43.23 billion USDC in circulation as of Nov. 30, 2022. Of these reserves, $12.79 billion lay in the Circle Reserve Fund, a registered government…

[ad_1] Mexico’s central bank digital currency (CBDC) will probably not be ready by 2024 as previously projected, according to local media on Jan. 2. News company El Sol de Mexico contacted the Bank of Mexico with a transparency request on the status of the CBDC. The central bank responded: The result of this initial phase…

[ad_1] In a call on Jan. 5, Ethereum (ETH) developers reached a consensus for March 2023 as the tentative target for the Shanghai hard fork. The only significant code change in the Shanghai upgrade will focus on enabling validators to withdraw staked ETH. Developers decided on the call. Developers had hoped to incorporate a set of…

[ad_1] Amid insolvency speculations, cryptocurrency payments platform Wyre slashed its withdrawal limits by 10% on Jan. 7. In a Twitter thread, Wyre announced that its customers can now only withdraw up to 90% of the funds in their accounts. Users will still be subject to daily withdrawal limits, according to which only 5 Bitcoin (BTC)…

[ad_1] Introduction to Digital Currency Group Digital Currency Group was founded by Barry Silbert in 2015, who subsequently created the DCG empire by investing in hundreds of projects and companies. Digital Currency Portfolio: (Source: DCG) However, the most important company within DCG’s portfolio is Grayscale Investments,  the largest holder of Bitcoin in the world, other…