ASIC chair concerned by amount of “risk-taking” crypto investors
The increase in crypto investing during the COVID-19 pandemic has Australia’s financial services authority concerned, particularly among young and novice investors. The sheer number of people who bought “unregulated, volatile” crypto assets during the pandemic has alarmed Australia’s financial services regulator chief Joe Longo. The comments were given by Longo, the head of the Australian […]
Institutional staking won’t take off without asset lock-up
While liquid staking is still being developed, Coinbase’s new institutional staking offering won’t be a “near-term phenomenon”. Institutional staking of cryptocurrency assets, such as post-Merge Ethereum, may become a “phenomenon” in the future, but not as long as their assets need to be “locked up.” Chief Financial Officer (CFO) Alesia Haas said during a Q2 […]
DeFi platform Oasis will block wallet addresses deemed vulnerable
Users claim that when using apparently high-risk wallets to communicate with Oasis, their sessions were disconnected. Sanctioned addresses will no longer be able to use the decentralized finance platform Oasis app, according to a Discord post on Thursday. The modification to the terms of service prevents wallets marked as high risk from managing positions or […]
ETH developers move up the Merge release date
Developers have decided on a possible date for the mainnet Merge, which means that Ethereum’s switch to Proof-of-Stake is getting closer. The Ethereum Merge, which will see the blockchain switch to Proof-of-Stake, may occur earlier than anticipated after core developers published a preliminary Merge date of September 15. In a developer call on August 11, […]
BTC mining stocks double in a month as production increases
Although the values of Bitcoin and Ethereum have recently increased, Bitcoin mining companies have been injecting money. Due to the recent recovery in the value of crypto assets, improved mining profitability, and rapid increases in BTC production, the stock prices of some cryptocurrency mining businesses have increased by as much as 120 percent. According to […]