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Binance Labs invests in Babylon to foster Bitcoin staking
proof-of-stake

Binance Labs invests in Babylon to foster Bitcoin staking

Binance Labs invests in Babylon to foster Bitcoin staking, marking a significant evolution in Bitcoin's utility and PoS blockchain security.

Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees
proof-of-stake

Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees

By now, it is no secret that Ethereum co-founder Vitalik Buterin and his team are busy perfecting Ethereum 2.0 and preparing it for its official launch.

US Congressmen Urge Trump to Implement Blockchain Technology for COVID-19 Relief
proof-of-stake

US Congressmen Urge Trump to Implement Blockchain Technology for COVID-19 Relief

Nine members of the US Congress advocated for the benefits of leveraging blockchain technology to counter the crisis brought upon by COVID-19.

EU Parliament Committee Rejects Proposal to Limit Proof-of-Work Crypto
proof-of-stake

EU Parliament Committee Rejects Proposal to Limit Proof-of-Work Crypto

The proposal could have limited the use of cryptocurrencies (such as Bitcoin and Ethereum) powered by an energy-intensive computing process known as proof-of-work.

Ackman Urges US Government to Guarantee SVB Deposits
proof-of-stake

Ackman Urges US Government to Guarantee SVB Deposits

Billionaire hedge fund manager Bill Ackman has warned the US government that failing to guarantee all deposits held by Silicon Valley Bank (SVB) within 48 hours could result in the destruction of several financial institutions. Ackman argued that a "giant sucking sound" would be heard from the withdrawal of substantially all uninsured deposits from all banks, which would lead to a drain on liquidity from community, regional, and other banks.

Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown
proof-of-stake

Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown

Okcoin has paused its U.S. dollar wire and ACH deposits due to the regulatory intervention in Signature Bank, Okcoin’s primary partner for customer transactions in dollars. The suspension extends to over-the-counter services, credit card transactions, and trading USD-crypto trading pairs. However, all corporate and customer funds are safe, and USD withdrawal is not affected. The processing pace will be subject to bank operation. All crypto deposit and withdrawal functions remain intact, including those of U.S. dollar-pegged stablecoins.

Proposal to Return ARB Tokens to Arbitrum DAO Treasury Rejected
proof-of-stake

Proposal to Return ARB Tokens to Arbitrum DAO Treasury Rejected

A proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO treasury was rejected after receiving only 14.5% of the total votes. The proposal called for the foundation to return the tokens as a symbolic gesture to demonstrate the DAO's control over the governance holders. The rejection comes amid a dispute between Arbitrum's community and foundation over its governance proposal AIP-1.

Uniswap Officially Live on BNB Chain
proof-of-stake

Uniswap Officially Live on BNB Chain

Uniswap goes live on BNB Chain following a governance proposal, aiming for user growth, lower fees, and new market access.

Metis Launches The First-Ever Community-Minted NFT
proof-of-stake

Metis Launches The First-Ever Community-Minted NFT

Blockchain company Metis has announced today a launch of the first-ever community-minted non-fungible token (NFT), called “Rebuilding the Tower of Babel.”

Crypto Venture Capitalist Breaks Down Potential Winners and Losers from Ethereum Merge
proof-of-stake

Crypto Venture Capitalist Breaks Down Potential Winners and Losers from Ethereum Merge

Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake, namely the Merge, is approaching. Crypto experts have continued to talk about the impacts associated with such upgrades.

BTSE Launches BTC and ETH Earn Products
proof-of-stake

BTSE Launches BTC and ETH Earn Products

Digital asset exchange platform BTSE announced the launch of its Bitcoin (BTC) and Ethereum (ETH) earn products that enable users to generate passive income.

Cardano’s Stake Pools Reached 700 Just Five Days after Successful Shelley Hard Fork
proof-of-stake

Cardano’s Stake Pools Reached 700 Just Five Days after Successful Shelley Hard Fork

Cardano’s Shelley hard fork was successfully launched on July 29, and within 8 hours, 267 stake pools have already registered. The Shelley hard fork took Cardano’s network into its second phase of development, succeeding the Byron era. The Shelley update enables Cardano to become more decentralized and autonomous.

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