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On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of […]Powered by WPeMatico
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during […]Powered by WPeMatico
The call for a more detailed disclosure of liquidity through the use of “Proof-of-Reserves” has been backed by many high-profile industry figures.
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They are reportedly facing latency issues due to the high level of new user sign-ups and transfers to the platform.
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Former Kraken CEO Jesse Powell previously warned crypto investors about the risks of holding crypto on a centralized exchange.
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Dave Ripley says he doesn’t see a reason to register with the SEC as an exchange because Kraken does not offer securities to users.
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Jesse Powell will reportedly be succeeded as CEO by chief operating officer Dave Ripley, who has been with the crypto exchange since 2016.
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On Tuesday, the liquid staking firm Alluvial revealed a consortium of organizations will collaborate on the “first enterprise-grade multi-chain liquid staking protocol.” Alluvial’s announcement detailed the protocol will be known as the “Liquid Collective” and the cryptocurrency exchange Kraken has joined as a foundation member. Liquid Collective Aims to Bolster a Multi-Chain Liquid Staking Standard […]Powered by WPeMatico
Prior to The Merge, Ethereum used to have dozens upon dozens of mining pools dedicating hashrate toward the blockchain network. That has all changed and most of the miners transitioned or plan on transitioning to other Ethash compatible coins like ethereum classic, ERGO, and the new fork ETHW. Now Ethereum blocks are verified by validators […]Powered by WPeMatico
In roughly three days Ethereum is expected to transition from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) version via The Merge. Ahead of the transition, the liquid staking project Lido has seen a lot more activity as the value locked in the protocol increased by more than 13% this week. Moreover, the project’s […]Powered by WPeMatico