The Eigen Foundation has recently taken a significant step by pledging 1% of its EIGEN token supply to the Protocol Guild. This initiative aims to enhance support for the Ethereum Layer 1 research and development ecosystem and demonstrates a strategic alignment of resources within the decentralized finance (DeFi) landscape. The move is pivotal, considering the
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In a remarkable display of market confidence, GateToken, the native cryptocurrency of the Gate.io exchange, has experienced a meteoric rise, hitting a new all-time high of $13.79 before settling back at around $13.29. This surge occurred against a backdrop of swirling rumors regarding a potential security breach that circulated across various social media platforms. The
In a surprising move that has garnered wide attention, the Italian government recently signaled a potential retreat from its plans to implement a steep tax increase on capital gains derived from cryptocurrency investments. The initial proposal, linked to the 2025 budget, sought a dramatic hike from a taxation rate of 26% to 42%. This proposal
Stablecoins have become a fundamental component of the cryptocurrency ecosystem. Backed by fiat currencies, these digital assets aim to maintain price stability and provide a reliable medium of exchange. Tether’s USDT, the most widely used stablecoin, serves as a prime example. Historically, USDT has operated across various blockchain platforms; however, recent trends indicate a significant
The advent of Web3 technologies has stirred conversations across the globe, revealing how societies engage with decentralized systems such as NFTs (Non-Fungible Tokens), cryptocurrencies, and blockchain-based applications. The latest survey from ConsenSys and YouGov spotlights the attitudes and behaviors of over 18,000 individuals across 18 nations, encompassing a rich tapestry of experiences and insights regarding
In a significant development for the cryptocurrency industry in Australia, the Australian Securities and Investments Commission (ASIC) has imposed a $5 million fine against Bit Trade, the operator of the Kraken exchange. This ruling, announced on December 12, stems from a violation of regulatory obligations concerning the unlawful issuance of a credit facility. The case,
In the highly competitive landscape of cryptocurrency exchanges, Binance has once again reinforced its market leadership by reporting an impressive $21.6 billion in customer deposits for 2024. This remarkable figure not only underscores the exchange’s robust position but also highlights how far ahead Binance is compared to its nearest competitors. According to a report from
Ethereum’s price has recently settled into a critical trading zone between $3,500 and $4,000, demonstrating a notable tug-of-war between bullish and bearish sentiments. The current support near the lower end at $3,500 has emerged as a vital pillar for traders, underpinning a recovery attempt. This ongoing struggle not only delineates the boundaries of trading but
The world of blockchain gaming witnessed a pivotal moment with the introduction of decentralized autonomous organization (DAO) functionality in Hamster Kombat. This innovation marks an effort to institute a more transparent governance structure that could significantly reshape player engagement and project direction in the ever-evolving landscape of Telegram-based games. The launch follows a tumultuous period
World Liberty Financial (WLFI) stands out in the burgeoning decentralized finance (DeFi) space. Recently making headlines due to its ambitious moves and significant backing, WLFI not only represents an innovative approach to financial services but also offers a unique perspective on how political influences can shape emerging technologies. Backed by none other than President-elect Donald
