April 24, 2024
Binance’s CZ Apologizes for ‘Poor Decisions’ as DOJ Pushes for 3 Year Prison Term
Changpeng Zhao apologized for not “implementing compliance changes at Binance from the get-go” in a letter to the court on Tuesday.
Many large mining pools aren’t actually independent, but seem to be proxies for AntPool, according to Casey Rodarmor.
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Welcome to The Chopping Block, where Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner dissect the crypto world’s topics of the day. In this episode, we delve into the SEC’s recent scrutiny of Uniswap, exploring the potential legal and regulatory impacts on the DeFi landscape. We also discuss the …
Bitcoin Ordinals creator Casey Rodarmor took aim at the state of decentralization in the Bitcoin mining space. “Bitcoin’s entire value proposition rests of censorship-resistance, which can only be guaranteed by decentralized miners competing to produce blocks,” said Rodarmor in a post on X. “The current state of Bitcoin mining decentralization …
Grayscale Investments’ new mini bitcoin ETF is slated to feature an annual fee that’s a tenth of its long-established predecessor, the Grayscale Bitcoin Trust (GBTC), but that doesn’t mean it’s likely to eventually capture all of GBTC’s assets. That’s because it’s probably going to appeal more to buy-and-hold investors rather …
Bitcoin miners reaped the rewards of the Runes protocol launch, earning greater block subsidies after the Bitcoin halving. The highly anticipated halving took place on April 19 at 8:09 p.m. ET, cutting the block subsidy reward paid out to miners down from 6.25 BTC to 3.125 BTC. While this event …
Binance founder and former CEO Changpeng Zhao penned a letter to the judge overseeing his case ahead of his sentencing hearing on April 30, saying he deeply regretted his choices and assured the court that the charges he is on trial for would be his “only encounter with the criminal …
The highly anticipated spot Bitcoin and Ethereum exchange-traded funds (ETFs) are all set to begin trading early next week, according to a report from Bloomberg citing a spokesperson for one of the issuers, HashKey. According to the HashKey executive, the crypto ETFs will be launched on April 30. These spot …
Chivo Wallet, the embattled crypto wallet sponsored by the government of El Salvador, appears to be the subject of another large-scale security breach, as a hacking group released snippets of the wallet’s source code on a public forum. On Tuesday, the cybercrime group known as CiberInteligenciaSV leaked part of the …
Conventional wisdom might hold that the introduction of around-the-clock stock trading, which New York Stock Exchange (NYSE) officials surveyed market participants on this week would come at the expense of crypto flows. That’s because traders would be able to access the stock market at odd hours, and crypto, which has …
Welcome to The Chopping Block, where Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner dissect the crypto world’s topics of the day. In this episode, we delve into the SEC’s recent scrutiny of Uniswap, exploring the potential legal and regulatory impacts on the DeFi landscape. We also discuss the …
Following its airdrop announcement, Renzo Protocol’s liquid restaking token, ezETH, deviated from its one-to-one peg to ether (ETH), sparking community criticism regarding poor execution of the planned event. The price of the liquid restaking token (LRT) plummeted as it de-pegged, reaching a low of $688 on decentralized exchange Uniswap. ezETH …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Ethereum Improvement Proposal (EIP) 3074 will go live during Ethereum’s next hard fork, dubbed ‘Pectra,’ and many in the Ethereum community are very excited that it’s finally coming to fruition. Initially proposed by Ethereum researchers Sam Wilson, Ansgar Dietrichs, Matt Garnett, and Micah Zoltu in October 2020, EIP-3074 will be …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Ethereum blockchain underwent the Dencun upgrade in March 2024, introducing a concept called Blobs. Blobs are a novel data storage concept intended to lower transaction costs on layer 2 scaling solutions. While the concept was intended primarily to lower costs, some creators used blobs to develop “BlobScriptions.” Read on to learn …
Since 2021, Ethereum has typically led layer 1 blockchain networks in terms of daily fees generated, but Bitcoin has recently been giving Ethereum a run for its money. On Monday, crypto users paid $9.8 million in total fees on Bitcoin and $6.4 million on Ethereum, while on Tuesday, Bitcoin generated …
Several spot ether (ETH) exchange traded fund (ETF) applications will likely be rejected by the U.S. Securities and Exchanges Commission (SEC) at the end of May, according to most analysts familiar with the process. One such expert, Bloomberg ETF analyst Eric Balchunas, has consecutively lowered his estimates of the chances …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
The second season of Crypto: The Game, completed its public mint today within 15 minutes of it going live, with 800 players signing up to play in the next installment of the popular onchain game. NFT’s required to play the game sold for 0.1 ETH each, contributing to a winning …
As the 2024 bull market gets underway, the NFT market is cooling as the burgeoning, and yet already massive, world of memecoins takes off. NFT sales have plateaued at around $1.3 billion monthly—a significant comedown from their peak in January 2022, when sales hit $6 billion with the Ethereum price …
Krishna Okhandiar, the founder of Remilia and the Milady non-fungible token (NFT) collection, more commonly known by the pseudonym “Charlotte Fang” has claimed that his wallet was drained by hackers after several popular NFTs and assets were transferred out and liquidated over the weekend. Dumpster DAO flagged the suspicious transactions …
The Blockchain Association, a nonprofit dedicated to promoting pro-innovation policy for digital assets, is suing the U.S. Securities and Exchange Commission (SEC) over its new definition of dealers in securities markets. Together with the Crypto Freedom Alliance of Texas (CFAT), the Blockchain Association filed a lawsuit against the SEC in …
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Jake Chervinsky, chief legal officer of Variant, discusses the current state of crypto regulation, touching on several ongoing legal and regulatory issues in the …
The U.S. Securities and Exchange Commission (SEC) has entered a motion for final judgement against Terraform Labs (TFL) and its founder and former CEO Do Kwon. In a motion filed on April 19, lawyers for the SEC asked the court to impose a conduct-based injunction on both Kwon and TFL, …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Blockchain oracle network Chainlink announced on Wednesday that its cross-chain interoperability protocol (CCIP) has become available for all developers, marking the end of the early access stage of the protocol’s development. The move is expected to make it easier for developers to create cross-chain smart contracts. Before the announcement, developers …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Picasso Network announced Monday a new extension of the Inter-Blockchain Communication Protocol (IBC), bridging together Solana and Cosmos. The move is aimed at enabling data and asset transfers between the two blockchain networks. IBC, originally implemented for a Cosmos SDK chain, acts as a cross-chain infrastructure protocol “to facilitate the …
Cybercriminals keep coming up with ways to steal your crypto assets. Address poisoning attacks are one of them. Read on as we discuss address poisoning attacks, how they work, the various types, and how to protect yourself against them. What Are Address Poisoning Attacks? Address poisoning attacks are a type …