In a significant development for the Ethereum ecosystem, the Eigen Foundation has recently pledged 1% of its EIGEN token supply to the Protocol Guild, a consortium focused on funding research and development (R&D) within Ethereum Layer 1. This move underscores a strategic effort to enhance the decentralized nature of Ethereum while ensuring a sustainable environment
Ethereum (ETH) has recently experienced a notable price recovery, with an impressive 4.7% increase within a single day. This surge has allowed it to reclaim a vital support zone, igniting a wave of optimism among traders and investors. The cryptocurrency sector has been notoriously volatile, often oscillating between swift ascents and dramatic declines, and Ethereum’s
In December 2023, the Italian government found itself at a critical juncture regarding its proposed tax increase on capital gains from cryptocurrencies. Originally part of the 2025 budget plan, the initiative aimed to escalate the tax rate from 26% to 42%, a decision intended to boost national revenue but met with significant resistance. Financial experts
In the rapidly evolving world of cryptocurrencies, Ethereum has solidified its place as the primary blockchain for Tether’s USDT, significantly outpacing Tron in a paradigm shift that is reshaping the stablecoin landscape. This trend marks a critical juncture for Tether, which recently issued a staggering $20 billion in USDT on the Ethereum network within a
In the fast-evolving landscape of cryptocurrency exchanges, Binance has firmly established itself as a dominant force, reporting a staggering $21.6 billion in customer deposits for the year 2024. This remarkable figure not only highlights Binance’s robust growth but also cements its position as the world’s leading crypto exchange by a significant margin. Recent data from
The Australian Securities and Investments Commission (ASIC) has recently taken a significant step in enforcing financial regulations by imposing a hefty $5 million fine on Bit Trade, the entity behind the renowned Kraken exchange. This enforcement action arises from a federal court’s ruling that deemed Bit Trade’s practices as illegal as they pertained to the
The rise of Web3 technologies—spanning blockchain systems, decentralized applications, and Non-Fungible Tokens (NFTs)—is a transformative movement reshaping interactions and transactions in our digital age. The recent ConsenSys Web3 Survey, collaboratively conducted with YouGov, aimed to extract insights from over 18,000 respondents hailing from 18 countries across continents, including Africa, Asia, Europe, and the Americas. This
As Ethereum continues to fluctuate within the critical price range of $3,500 to $4,000, traders are closely monitoring this trading corridor. Recently, the digital currency found a robust support level near $3,500, leading to a resurgence of buying pressure. The persistence of this price point indicates not only a psychological anchor for traders but also
In a bold move that reflects the evolving landscape of decentralized gaming, Hamster Kombat has recently integrated decentralized autonomous organization (DAO) capabilities into its platform. This transition represents not just a technological upgrade but a significant cultural shift aimed at fostering transparency and community involvement. Following a tumultuous period marked by player dissatisfaction and regulatory
World Liberty Financial (WLFI) has emerged onto the decentralized finance (DeFi) landscape with considerable fanfare, making a substantial mark with its $12 million acquisition, which was fueled by USD Coin (USDC). This bold initiative, bolstered by backing from President-elect Donald Trump, aims to reshape the DeFi ecosystem by allowing users to engage in borrowing, lending,