Ethereum developers have proposed raising the deposit requirement for validators from 32 to 2,048 ETH. This increase of 6,300% aims to reduce the waiting times for setting up a validator node, which currently stands at just over 40 days. However, this proposal may further increase the centralization of staking, which could increasingly become the preserve
Recent filings submitted by FTX’s bankruptcy advisors reveal that the bankrupt crypto exchange is facing escalating legal and advisory costs. According to the filings, the exchange’s advisors billed FTX a staggering $121.8 million in fees and expenses for the period between February 1 and April 30. The filings show that law firm Sullivan & Cromwell
Bitcoin, the world’s largest cryptocurrency, has seen its value drop by nearly 15% from its yearly high of around $31,000 due to regulatory crackdowns on Coinbase and Binance and the Federal Reserve’s hawkish forward guidance. Despite this, Bitcoin (BTC) is up 60% year-to-date and has held above a technical support level of $25,000. There are
Kyle Roche, a top cryptocurrency lawyer, was allegedly set up by an international group of businessmen, according to a report by The New York Times. The setup destroyed Roche’s career after he was exposed as being corruptly beholden to Avalanche founder Ava Labs. The incident began in December 2021 when Roche received an email from
XRP’s price has remained above the $0.50 psychological level for over two weeks, but on June 14, the currency broke down from this level, causing concerns about a potential trend reversal. After initially finding support from the 100-day EMA and the Fib 0.5 level at $0.4779, traders and investors are now closely monitoring the technical
Shiba Inu’s cryptocurrency, SHIB, has seen little change in the last 24 hours, with a 0.3% increase while the cryptocurrency market has decreased by 0.5%. However, SHIB has been one of the best-performing cryptocurrencies in the past week, gaining 10% in the last seven days. This was due to the increased anticipation surrounding the Shiba
The US Federal Deposit Insurance Corporation (FDIC) has sent a letter to OKCoin USA, Inc., demanding the cryptocurrency exchange take action to address false and misleading statements about its deposit insurance. The agency has also sent letters to Bodega Importadora de Pallets and Money Avenue LLC, making similar demands. The FDIC warned that certain statements
A recent Twitter conversation between billionaire entrepreneur Mark Cuban and former SEC official John Reed Stark has gained attention for its positive, civil discourse on the complexities of securities law in the cryptocurrency industry. The two engaged in a spirited debate, respectfully presenting their viewpoints in view of the public. The Debate The debate centered
The EU’s official journal has published the Markets in Crypto Assets (MiCA) regulation, which is a significant milestone for the regulation of the crypto industry. Janet Ho, Head of Policy for Europe at Chainalysis, has warned cryptocurrency companies to start preparing for MiCA as soon as possible to ensure regulatory compliance. While the new policy
Curve DAO’s governance token CRV dropped 12% on June 15 after reports surfaced of its founder, Michael Egorov, taking risky loans on Aave. According to LookOnChain, Egorov deposited 431 million CRV, worth around $246 million, across multiple decentralized lending protocols and borrowed $101.5 million of stablecoins on multiple platforms. The deposits by Egorov account for