Ethereum supply plunges 37% on crypto exchange post the Merge upgrade
The decline in exchange supply, especially just weeks before the Shanghai upgrade, is being seen as a bullish sign. Go to Source Powered by WPeMatico
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Regulation comes for crypto staking: Law Decoded, Feb. 6–13
Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program. Go to Source Powered by WPeMatico
Are stablecoins securities? Well, its not so simple, say lawyers
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities. Go to Source Powered by WPeMatico
Coinbase will ‘happily defend’ staking in U.S. courts, says CEO
Coinbase executives claim that staking is not a security under the US Securities Act or Howey test. Go to Source Powered by WPeMatico
Stiffing the Staker: The SEC’s Latest Crackdown on Crypto Innovation
The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following opinion editorial was written by Bitcoin.com’s Business Development Manager … Read more
JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol
JPMorgan, one of the biggest financial institutions in the world, estimates that the arrival of the next Ethereum upgrade, codenamed Shanghai, will bring more investors to stake their funds in the protocol. The firm believes that this number might reach 60% of the ether issued, a number already staked in other blockchain networks. JPMorgan Expects … Read more
Ethereum’s Shapella transition is “on the horizon”
The milestone is another step on the road to the Shanghai upgrade, which remains scheduled for March. Go to Source Powered by WPeMatico
SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool
Kraken has put an end to staking as a service and Coinbse could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL? Go to Source Powered by WPeMatico
Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program
The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service. Kraken’s CEO Responds to SEC Action Kraken CEO Jesse Powell urged Congress to pass a … Read more
SEC chair issues warning to crypto firms after action on Kraken staking
“Don’t have your hand in the customer’s pocket, using their funds for your own platform,” Gary Gensler said to companies that needed to register with the SEC. Go to Source Powered by WPeMatico