Ethereum Financial News

New Zealand-based crypto exchange Easy Crypto and Australian blockchain firm Labrys launched a new NZ dollar-pegged stablecoin on Wednesday.

GameStop Memes have become a focal point, exploring novel ways of expression and engagement. This article delves into the integration of GameStop Memes into the metaverse and NFT realm, drawing comparisons with prominent blockchain projects such as Fantom, Cronos, and Filecoin. In the realm of decentralised finance (DeFi) and smart contract platforms, Fantom has emerged as a leader.

Venugopal Garre, MD, Bernstein, says “the top private banks would be the priority at this juncture because I do not have too many regulatory risks to contend with, for that particular pack. That will be still at the top of the pack, which is what we are essentially playing at this juncture. I have not been too confident around NBFC models in general, especially the larger ones. Some of the SMIDs (small and midcaps) have done really well, but the way to play that for me was my, through my SMID allocation. That is the way I am approaching the financial sector, especially over the next 12 months.” There is really something special happening in the US tech space, looking at the valuations of Nvidia or Microsoft or for that matter, even, Apple now, market caps of trillions of dollars are getting created. If one has to look at that as the mega trend where IT is where all the action and excitement is, what is the best way to participate in India? Indian IT largecaps do not offer this play. But when such exciting things are happening in the tech world, how can Indian investors participate in that? I would say this is a very important question, but very tough to answer because of the nature of opportunities you get in India.

In a first-ever announcement in the stablecoin ecosystem, Circle, makers of USDC, has released a bridging standard for its digital token.

Investing.com-- The price of Bitcoin fell sharply on Wednesday after Changpeng “CZ” Zhao, CEO of Binance, resigned from the world’s largest crypto exchange and pleaded guilty to several criminal charges from the Department of Justice. 

Multinational crypto mining and blockchain giant Phoenix Group has achieved a significant milestone in its initial public offering (IPO) raise.

The Optimism ecosystem is set to embrace a milestone with the Canyon hardfork, slated for activation on the OP Goerli, OP Sepolia, Base Goerli, Base Sepolia, PGN Sepolia, and Zora Sepolia testnets on November 14, 2023, at 17:00 UTC. Announced by the OP Labs Team on November 7, 2023, this upgrade follows the previous Bedrock network enhancement and is eagerly anticipated across the Superchain.

Blast, Ethereum’s latest Layer 2 network, has gone live in an “early access” mode.

Circle has launched a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post. 

The Internal Revenue Service (IRS) is very clear on crypto investments; digital assets are treated as property, meaning they’re taxed just like any other asset. Therefore, US-based investors should have a clear understanding of their crypto tax obligations.

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________

The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October.

Major global central banks, spanning Europe, North America, and other regions, have revealed a significant investment in crypto, with XRP emerging as a preferred digital asset.

Average daily transaction fees on Bitcoin (BTC)  have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. 

Data from November 14 shows that ERC-4437 has failed to gain meaningful traction among Ethereum developers and users in the months since its launch.

Bankrupt cryptocurrency lending company Celsius’ recovery plan has hit a road block with the US Securities and Exchange Commission.

The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the U.S. Dollar Index has started to turn down. 

Liquid staking (LST) has emerged as a popular solution for Ethereum users to participate in staking without locking up their Ether (ETH) for extended periods. However, concerns have been raised about the potential for liquid staking to centralize power within the Ethereum ecosystem. In this interview, Daniel Dizon, founder of Swell, a noncustodial ETH liquid staking protocol, discusses these concerns and shares his vision for the future of liquid staking on Ethereum.

Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain, has pushed back to the north of the $2,000 per token mark on Monday, extending its gains since last week’s near-$1,900 lows to above 6%.

Trading-focused blockchain Vega Protocol has launched the first perpetual futures market on its network.

Santander Private Banking International is now allowing its high-net-worth clients with bank accounts in Switzerland to trade and hold Bitcoin (BTC) and Ether (ETH).