Should the United States consider making XRP the reserve currency of the world and buy its entire holding from the market? Well, this speculative idea floated by Jimmy Vallee, Managing Director of Valhill Capital, in 2021 is once again doing rounds after he talked about it in a recent interview. But Ripple Lab’s CTO David...Read More
Ordinals – a new and controversial Bitcoin-based protocol – is making its mark on-chain with a record number of Taproot-related transactions, according to the blockchain data provider Glassnode. Nevertheless, the debate is still hot within the Bitcoin community as to whether the technology should be celebrated or cursed. The Popularization of Ordinals Ordinals were designed...Read More
Leading cryptocurrency exchanges, such as Bybit, BitMEX, and Bitfinex, vowed to support victims of Turkey’s disastrous earthquake with aid packages. Binance is also looking to help the affected people. A massive earthquake with a magnitude of 7.8 struck southern Turkey earlier today (February 6) and killed over 1,500 people. Hundreds of buildings collapsed, meaning the...Read More
Scaling Ethereum has undoubtedly been one of the hottest topics in the past months. The network’s transition to a proof-of-stake consensus algorithm in September 2022 was a huge milestone in this regard, as it opened the door for many different scaling solutions to be implemented. While Ethereum developers are working on ways to scale the...Read More
Investors are hoarding MEMAG tokens at the Meta Masters Guild (MMG) presale to make the most of the attractive early-stage discounts. Now in the fifth stage, the presale has raised 3,167,543.01 out of its $3,430,000 target. MEMAG presale is widely speculated to sell out ahead of schedule soon, in response to the growing interest in...Read More
Leading decentralized exchange (DEX) Uniswap v3 will be deploying on Ethereum’s layer 2 protocol Boba Network following a successful governance vote from the Uniswap community. The proposal was earlier submitted by the Boba Foundation and FranklinDAO with backers including GFX Labs, Blockchain at Michigan, Gauntlet, and ConsenSys. 51.01M Voted Yes on the Proposal In a...Read More
Bitcoin price underwent a significant upswing in recent times, marking highs beyond $24,000. While the possibility of rising above $25,000 emerged, the bears quickly slashed the rally which appears to be stuck below $23,000 at the moment. While the BTC price is in a deep consolidation phase, the popular altcoins display immense strength, being self-assured...Read More
StarkWare – an Israeli company focused on Ethereum scaling – joined forces with the Web3 services platform – Chainlink – to expand development on StarkNet. The collaboration will also build an economic network between the two entities. ‘Enabling a Next-Generation Web3 Applications’ According to a document seen by CryptoPotato, StarkWare will officially join the Chainlink...Read More
The world’s largest cryptocurrency exchange has launched a new tool dubbed Binance Tax to enable users to understand their crypto tax liabilities on up to 100,000 transactions. According to a press release shared with CryptoPotato, the new feature aims to help customers stay up-to-date with their crypto-related tax liabilities. Details of Binance Tax Binance noted...Read More
Crypto venture firm a16z has used its 15 million UNI token voting block to vote against a proposal that would use the Wormhole bridge for Uniswap V3 deployment on BNB Chain. According to the ongoing results of the proposal vote, a16z’s overwhelming token stash enabled it to control around half of the votes so far,...Read More
After Sam Bankman-Fried donated tens of millions of dollars to politicians throughout the 2022 midterm election cycle, the 30-year-old’s former company is asking for its money back. Recipients of the bankrupt exchange’s contributions are expected to return the funds by February 28, 2023. Political Refund As announced by FTX Group in a press release on...Read More
