Staked ETH is more capital efficient and profitable than regular ETH, and platforms that offer liquid staking derivatives are bolstering its popularity. For years, various blockchain projects were rumored to be future “Ethereum killers,” projects that would unseat Ether from its throne and usurp its title as the top digital asset. That day seems to have come, though it appears it was an inside job. Lido-staked Ethereum (stETH) and other liquid staking derivatives are primed to render Ether (ETH), as an asset, obsolete. The transition from proof-of-work (PoW) to proof-of-stake (PoS) allows everyday decentralized finance (DeFi) users to benefit from…
Apple has rejected calls to exempt NFTs from its 30% “Apple Tax” on in-app purchases. The tech giant codified its rules for iOS apps that handle non-fungible tokens on Monday with its first formal green light on offering in-app NFT minting, buying and selling – activities that it had never technically banned.
Not much has changed for bitcoin (BTC) in the most recent seven days or the most recent three months for that matter. BTC prices remain range-bound and, at just south of $20,000, is trading almost identically to its June price level. One of the more interesting themes for bitcoin in
Mastercard officially announced on Oct. 17 a new program to enable financial institutions to bring crypto trading capabilities and services to their customers. Called “Crypto Source,” the program is designed to allow users to buy, hold and sell cryptocurrencies, complemented by Mastercard’s proprietary Crypto Secure solution for additional security and compliance. The
While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” Buterin shared his thoughts in a Saturday post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder
Ripple is testing a way for developers to deploy smart contracts made for the larger and more popular Ethereum on its XRP Ledger (XRPL) blockchain with little effort. The Ethereum Virtual Machine (EVM) is the software that runs smart contracts on Ethereum. Ripple said an EVM-compatible sidechain – a blockchain that runs in
Gomu, a non-fungible token (NFT) infrastructure company, has closed a $5 million seed round, the company announced Wednesday. The fundraise included participation from venture capital firms Coinbase Ventures, DeFiance Capital, Saison Capital and others. A spokesperson for Gomu declined to disclose the company’s valuation. Founded earlier this summer, Gomu has launched two