Rise of Ethereum staking came at cost of higher centralization — JPMorgan
The rise of Ethereum staking since major network upgrades, the Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said. Market share of top five liquid staking providers. Source: JPMorgan The top five liquid staking providers: Lido, Coinbase, Figment, Binance and Kraken, control over 50% of staking on the Ethereum network, JPMorgan analysts noted in the report, adding that Lido alone accounts for almost one-third. The analysts ...
Rise of Ethereum staking came at cost of higher centralization — JPMorgan
The rise of Ethereum staking since major network upgrades, the Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said. Market share of top five liquid staking providers. Source: JPMorgan The top five liquid staking providers: Lido, Coinbase, Figment, Binance and Kraken, control over 50% of staking on the Ethereum network, JPMorgan analysts noted in the report, adding that Lido alone accounts for almost one-third. The analysts ...
New US bill to require firms to report off-chain transactions to CFTC
In a letter to its Dutch users on Sept. 26, Gemini asks them to either withdraw their assets or transfer them to another wallet address, as the platform will suspend its operation in the Netherlands “due to requirements imposed by the De Nederlandsche Bank (DNB) on crypto exchanges” by Nov. 17. The letter states:“We kindly ask you to proceed in emptying your Gemini account, ensuring that you no longer have a balance on your account as of 17th November 2023.”Gemini suggests that users transfer...
New US bill to require firms to report off-chain transactions to CFTC
In a letter to its Dutch users on Sept. 26, Gemini asks them to either withdraw their assets or transfer them to another wallet address, as the platform will suspend its operation in the Netherlands “due to requirements imposed by the De Nederlandsche Bank (DNB) on crypto exchanges” by Nov. 17. The letter states:“We kindly ask you to proceed in emptying your Gemini account, ensuring that you no longer have a balance on your account as of 17th November 2023.”Gemini suggests that users transfer...
Digital yuan app adds prepaid Mastercard, Visa top-ups for tourists
The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option. The news coincided with the announcement that around 100 people had also lost their jobs that day — about a third of the workforce. A massive outflow of funds followed, with the highest being just over $66 million in a single transaction. Zhao was keen to underline that Shroder’s departure was amicable and that he had achieved everything he had set out to ...
Digital yuan app adds prepaid Mastercard, Visa top-ups for tourists
The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option. The news coincided with the announcement that around 100 people had also lost their jobs that day — about a third of the workforce. A massive outflow of funds followed, with the highest being just over $66 million in a single transaction. Zhao was keen to underline that Shroder’s departure was amicable and that he had achieved everything he had set out to ...
$200M Mixin Network hack draws controversy
Since hitting 15-month lows in July, the DXY has climbed 6.5%, displaying strength, which historically has hampered risk asset and crypto market performance. “As outlined in this policy, we will conduct pre-deployment tests of new models to help us manage the risks of increasingly capable AI systems.” The AI startup was formed by former members of Microsoft-backed OpenAI, the creator of the viral AI chatbot ChatGPT. Related: Anthropic cracks open the black box to see how AI comes up with the ...
$200M Mixin Network hack draws controversy
Since hitting 15-month lows in July, the DXY has climbed 6.5%, displaying strength, which historically has hampered risk asset and crypto market performance. “As outlined in this policy, we will conduct pre-deployment tests of new models to help us manage the risks of increasingly capable AI systems.” The AI startup was formed by former members of Microsoft-backed OpenAI, the creator of the viral AI chatbot ChatGPT. Related: Anthropic cracks open the black box to see how AI comes up with the ...
MicroStrategy buys $147M worth of Bitcoin, now holds 158K BTC
Police have also arrested three employees of the JPEX Technical Support Company, along with two YouTubers, Chan Wing-yee and Chu Ka-fai — who have a combined presence of more than 200,000 followers — in relation to the scandal. In a Sept. 20 statement, the SFC revealed that JPEX had been operating without a license for virtual asset trading. Others sought or taken in for questioning include the company’s sole director, Kwok Ho-lun, a restaurant director and three celebrities who had reportedl...
MicroStrategy buys $147M worth of Bitcoin, now holds 158K BTC
Police have also arrested three employees of the JPEX Technical Support Company, along with two YouTubers, Chan Wing-yee and Chu Ka-fai — who have a combined presence of more than 200,000 followers — in relation to the scandal. In a Sept. 20 statement, the SFC revealed that JPEX had been operating without a license for virtual asset trading. Others sought or taken in for questioning include the company’s sole director, Kwok Ho-lun, a restaurant director and three celebrities who had reportedl...
