EOS Network Upgrades to Bring 1-Second Transaction Finality
EOS Network completed its Spring 1.0 hard fork, which added 1-second transaction finality. The EOS Network declared on September 25 that the switch to Antelope Spring 1.0 represents a significant advancement for both the network and the larger cryptocurrency market. EOS now offers transaction finality 100 times faster than its prior incarnation because of the […]
Hermetica Expands Stablecoin USDh to Stacks L2
USDh, a stablecoin backed by Bitcoin, debuts on Stacks L2 with new DeFi features. A big step forward for Bitcoin-based decentralized finance has been made by Hermetica by extending their stablecoin, USDh, to the Stacks Layer 2 network. According to a press statement, this action enables users to hold USDh, a stablecoin entirely backed by […]
BNY Mellon Moves Toward Crypto Custody Services
With an exemption from a staff accounting bulletin from the SEC, BNY Mellon moved closer to custody of Bitcoin and Ethereum. According to Bloomberg, BNY Mellon is preparing to offer cryptocurrency custodial services for Wall Street exchange-traded funds holding spot Bitcoin and spot Ether. The report said that following an examination by the U.S. Securities and […]
Caroline Ellison Sentenced to 2 Years for role in FTX Crypto Fraud
District Judge Lewis A. Kaplan has sentenced former Alameda Research CEO Caroline Ellison to two years in jail. Her role in the demise of the cryptocurrency exchange FTX and the hedge fund connected to it, Alameda Research, has played a pivotal role in one of the worst financial scandals in American history. Ellison collaborated with […]
AAVE Flips Key Resistance as CEX Outflows Jump
On Tuesday, September 24, the price of AAVE declined due to a rise in centralized exchange outflows, as indicated by on-chain statistics. One of the DeFi assets with the strongest recent performance, AAVE, dropped from this week’s high of $178 to $164.5. It is still 131% higher than its July low, though. AAVE experienced CEX […]