BTC, ETH backtrack losses- Is crypto rout from U.S. bank collapses truly over

U.S. regulators offer a bailout to customers affected by SVB and Signature bank collapses. Will there be alternatives to these crypto-friendly banks and their payment systems to provide liquidity? Bitcoin and Ethereum were both up by more than 9% in the last 24 hours retracing their weekend losses and propping up the crypto market. The … Read more

Ethereum mainnet introduces ERC-4337 account abstraction standard

An audited version of the Ethereum Foundation’s ERC-4337 account abstraction standard is now live on Ethereum mainnet. Third parties own most of the existing Ethereum wallets. An audited version of the Ethereum [ETH] Foundation’s ERC-4337 account abstraction standard is now live on Ethereum mainnet. The standard has been implemented via the smart contract EntryPoint. This … Read more

Here’s why ETH co-founder Vitalik Buterin has high hopes from crypto in 2023

Vitalik Buterin spoke about the future of Ethereum in an interview  He elaborated on ETH’s use case as a wallet infrastructure and stablecoin Vitalik Buterin, the man behind the world’s second largest cryptocurrency, Ethereum [ETH], shared his outlook for crypto in 2023. In an interview with Bankless on 20 December, Buterin spoke about the measures to … Read more

1inch’s latest offering targets greater security; can it pacify troubled investors

1inch, a leading cryptocurrency exchange aggregator, released the Rabbithole tool on 25 November, aimed at protecting users against sandwich attacks. Rabbithole allows users to send transactions to Ethereum [ETH] nodes directly, bypassing the mempool. Users must change the Remote Procedure Call (RPC) endpoint in their crypto wallet to use it. Post this, each swap initiated … Read more

Binance’s latest efforts could mean this for miners suffering this crypto winter

Binance Pool added Ravencoin [RVN] to its list of supported tokens, as per the latest announcement made on 23 November. Binance Pool will be charging 1% fees for its RVN pool. It was only in October that the cryptocurrency exchange launched a funding pool worth $500 million. This was to lend to distressed mining companies … Read more

The curious case of FTX and the hacker that holds ETH worth $300 million 

Ever since news around the FTX exchange started doing rounds, the entire cryptocurrency market was crippled with FUD. With each passing day, authorities are discovering shocking facts around SBF and the exchange. As of 19 November, PeckShieldAlert posted a tweet, which stated that the main cryptocurrency wallet associated with an FTX drainer held 250,735.1 Ethereum … Read more

Deribit hackers move stolen ETH to this service because…

Barely a week after carrying out an exploit on Deribit‘s hot wallet, the perpetrators of this hack moved a portion of the stolen funds into Tornado Cash, the Ethereum mixer service. Decoding the Deribit hack Deribit, a Netherlands-based crypto-exchange, reported the exploit on its hot wallet on 2 November. The actual hack was carried out … Read more

As exchanges gear up for Merge, is there a new token on the way

The Ethereum [ETH] Merge scheduled for next month is arguably the hottest topic in the crypto industry right now. Investors, institutions, and even regulators are expected to keep a close eye on ETH. This is due to the expected transition to the energy-efficient proof-of-stake (PoS) model. Exchanges gearing up Crypto exchanges including Coinbase, Binance, Uniswap, … Read more

What does Ethereum’s Buterin think about ‘underrated’ crypto-payments

Ethereum co-founder Vitalik Buterin recently tweeted that cryptocurrency payments are superior because of censorship resistance and convenience. This change has given a significant boost to international businesses, charities, and payments within countries, he added. People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they’re so … Read more

Coinbase introduces Wrapped Staked ETH: Here’s what you need to know

Popular crypto-exchange Coinbase announced on Wednesday the release of cbETH, its new wrapped and staked Ethereum ERC-20 token. The timing of this announcement is interesting, especially with the Ethereum Merge now on the horizon. “Coinbase Wrapped Staked ETH (cbETH) is a utility token that represents ETH2, which is ETH staked through Coinbase. cbETH can be … Read more