EOS Community delivers Ethereum EVM support to revitalize the network

EOS Network Foundation, or ENF, announced on April 21 that it has finished the work required to bring Ethereum Virtual Machine to the EOS network. The new virtual machine — dubbed Trust EVM — will run as a smart contract on the EOS blockchain. The EVM launch is part of a “new revitalization plan” for … Read more

BTC, ETH plummet amid US stock futures decline as investors prepare for Q1 earnings

The market price of bitcoin (BTC) dropped below $39,000 on April 18 in a declining trend during the Easter holidays. Meanwhile, ether (ETH) price fell below $3,000 for the first time since mid-March. The combined crypto market has lost almost $400 billion since early April, with analysts warning a “disaster in the financial markets” could … Read more

Ethereum post-merge staking rewards will likely be lower than anticipated

Ethereum’s(ETH) transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism — the so-called Merge — will not happen in June as many have predicted. As reported by CryptoSlate on April 14, Ethereum core developers will not yet be ready for the merge before the end of the third quarter. The highly-anticipated merge will mark … Read more

Belarusian crypto exchange stops trading for Russians over war in Ukraine

Announced in a blog post published on Tuesday, April 12, the Belarusian crypto exchange Currency.com says it will restrict its services for Russian users following Vladimir Putin’s invasion of Ukraine earlier this year. “The Russian invasion of Ukraine brought violence and disorder to the people of Ukraine. We condemn the Russian aggression in the strongest … Read more

40% of African-Americans say they use crypto

A new poll conducted by NBC News shows that 40% of all African-Americans said they have traded or used crypto, while 42% of all Americans aged between 18 and 34 have traded or used crypto. According to NBC News, the poll shows that digital assets continue to get more popular even as lawmakers warn of market … Read more

Crypto exchange Nexo to launch brokerage for big investors

Europe-based digital asset exchange Nexo has launched a new product to complement its existing retail platform. Dubbed Nexo Prime, the new proprietary prime brokerage platform targets institutional investors, corporations, and high-net-worth individuals. According to Nexo, the Nexo Prime platform is designed to serve as a unified platform that provides investors with access to advanced tools … Read more

Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish

The market price of bitcoin stayed pretty much flat for most of the first week in April. But as the U.S. Federal Reserve signaled higher and faster interest rate hikes, and quantitative tightening of its $9 trillion balance sheet, the general market took a turn downwards, and bitcoin (BTC) went down with it as the … Read more

Bank of America: coming “recession shock” possible boon for crypto

The macroeconomic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, Bank of America strategists warned in a weekly research note, Reuters reports. Bank of America chief investment strategist Michael Hartnett wrote, in a note to clients, that “Inflation shock” … Read more

40% of youngsters want to use crypto for payments, new research reveals

Crypto is rapidly gaining in appeal among younger demographics, with 40% of 18 to 35 year old consumers expressing an intent to use cryptocurrencies — such as bitcoin (BTC), ether (ETH), and stablecoins — to pay for goods or services within the next 12 months, according to a new research report. The report, dubbed “Demystifying … Read more

Axie Infinity Ronin bridge hacker moved 2000 ETH to the Tornado Cash tumbler

As reported by CryptoSlate last week, a hacker ran off with about $615 million in ether (Ethereum) and stablecoins after exploiting a multisig contract regulating funds in the Ronin-to-Ethereum bridge – Ronin being the blockchain behind Axie Infinity, the most popular play-to-earn game in the world. Now, the funds stolen by the yet undisclosed hacker … Read more