Briefly Ethereum developers deliberated on proposals to raise the maximum effective validator balance and the forthcoming Deneb upgrade. The Ethereum network’s efficiency and scalability will be enhanced and solo stake opportunities will be expanded by the proposed changes. The community’s concerns about possible centralization and the net benefits of the proposed changes reflected mixed responses.…
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Briefly the Forta community has issued a warning about a new cryptocurrency scam that has thousands of users affected. Users’ wallets are suddenly filled with tokens that appear to be from legitimate contracts but are actually fake tokens. Forta has issued a warning to users not to interact with suspicious airdropped tokens and has announced…
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Briefly after reaching a 2023 peak of $0.56 on Tuesday, the price of Ripple (XRP) fell 18% as a result of the US Federal Reserve’s recent announcement hinting at future hikes. Before XRP holders can be sure of another price rise, the rising NVT ratio suggests that the XRP ledger network needs more economic activity.…
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Briefly the inclusion of Chinese securities by Tether in its reserve portfolio is confirmed by documents released by the Attorney General of New York. Tether insists that the banking sector was its primary exposure to Chinese commercial paper. The issuer also insists that it did not lose any money last year and had zero commercial…
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Briefly customers from countries other than the United States can stake USDC stablecoins with Coinbase and receive yields of 4%. Coinbase has been warned before by the SEC that the assets it uses in its yield product could be considered securities. While Tether’s supply has increased by more than 83 billion, the supply of USDC…
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Briefly if approved, BlackRock’s spot Bitcoin ETF could revolutionize the cryptocurrency industry. The crypto community has responded positively to the news, but there is still skepticism. The SEC’s potential approval of the ETF, according to some analysts, would open the door for more established financial institutions to enter the market. After weeks of doom and…
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Briefly despite opposition from the SEC, more than a third of family offices intend to increase their exposure to digital assets. The UBS Global Family Office Report 2023 identifies a shift in this investor class’s strategic asset allocation. DeFi and tokenization platforms are also of interest to 27% of family offices, who plan to invest…
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Briefly MicroStrategy co-founder and self-described Bitcoin maximalist Michael Saylor believes that the value of Bitcoin will continue to rise. Saylor dismisses other cryptocurrencies, arguing that Bitcoin is the only institutional-grade investable asset in the crypto space. The tech entrepreneur also commends the SEC’s recent cryptocurrency guidance. Michael Saylor, co-founder of MicroStrategy and well-known Bitcoin maximalist,…
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As a result of marketplaces competing for a smaller pool of traders and investors, NFT liquidity has decreased. Over the past three months, daily NFT trade volume has been steadily decreasing. NFT marketplaces are increasing the incentives they offer to keep traders on their platforms to address this issue. As marketplaces compete fiercely for a…
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Briefly Hong Kong’s progress in developing a stablecoin regulatory framework suggests a shift in China’s crypto policy. Even Coinbase and other international cryptocurrency exchanges were invited to register in Hong Kong by a legislator. Central area China’s white paper on Web 3.0 development further recommends a likely lift of the Chinese prohibition on crypto. China…
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