Coinbase debuts crypto derivatives exchange for non-U.S. institutional... - cyptoranking.com

2024-04-29

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VanEck Prepares to Launch Ethereum Strategy ETF in CBOE Bitcoin Is a Good Bet During Israel-Gaza War Coinbase debuts crypto derivatives exchange for non-U.S. institutional...Only seven of the listed companies, or 24.1% of the 29, are developing blockchain games. Over the past year, crypto has been forced to overcome its resistance to centralized regulations. At the same time, victims of rug pulls and other scams have yet to enjoy the protection that centralized bodies supposedly provide.

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Source: Adobe / lumerbEthereum's recent surge in ether (ETH) staking, spurred by the Merge and Shanghai upgrades, has raised concerns surrounding centralization and reduced overall staking yields, according to a Thursday report by JPMorgan.Despite decentralized alternatives like Lido's liquid staking platform, Ethereum's increasing centralization poses risks to the network's security and decentralization ethos.“Many in the crypto community had seen Lido, a decentralized liquid staking platform as a better alternative compared to the centralized liquid staking platforms associated with centralized exchanges,” wrote analysts led by Nikolaos Panigirtzoglou.Lido has individually made efforts to decentralize by dividing its staked ETH among multiple node operators.However, the report underscored the risks associated with centralization, including the potential for a small number of liquidity providers or node operators acting as single points of failure, vulnerable targets for attacks, or collaborators forming oligopolies detrimental to the community.The rise of liquid staking has also introduced the risk of rehypothecation, where liquidity tokens are reused as collateral across multiple decentralized finance (DeFi) protocols simultaneously.“Rehypothecation could then result in a cascade of liquidations if a staked asset drops sharply in value or is hacked or slashed due to malicious attack or a protocol error,” the note said.Moreover, the report noted that the increased staking activity has diminished the attractiveness of ether from a yield perspective, particularly when compared to rising yields in traditional financial assets. Ethereum's Real YieldEthereum's total staking yield has declined from 7.3% before the Shanghai upgrade to approximately 5.5%, reflecting the changing landscape of crypto investments amid evolving market dynamics.According to YCharts, the yield rate for 2-year US treasuries has risen to over 5%, in line with rising interest rates at large.Though staking is technically accessible to anyone, one must hold 32 ETH ($52,000) to set up a staking node and enter the staking arena from scratch. Users with fewer holdings must access ETH staking through a centralized staking provider that takes the financial and technical burden off of their user’s shoulders in exchange for a cut of their profits.Lido is currently the largest of such providers, controlling 8.9 million ETH of the total 30.7 million ETH locked in the network’s staking contract.Another set of centralized firms including Coinbase, Kraken, and Binance collectively control over 5 million staked ETH, according to Glassnode. Circle Begins Native Minting of USDC Stablecoin on Layer-2 Scaling Solution Polygon Pudgy Penguins NFT Launches Toys in 2,000 Walmart Stores, Trading Volume Surges by 530% How to Buy Tether (USDT)"DAOs are also not best suited for operational scaling and they can often become a bottle neck as the protocol grows," the white paper notes. "What we will present is in line with the vision that DeFi should be organized into layers around trustless and open protocols like the Internet." CryptoNight is GPU-mining friendly, but its characteristics make it ideal for CPU mining. With its set of 64-bit fast multipliers for maximum speed, the CPU architecture is very efficient; moreover, the heavy use of CPU caches guarantees the best performance.

BAR/USD 24-hour price chart (source: CoinStats) Clay Nation’s daily sales rose 129% to US$5,685 in the 24 hours leading up to 07:55 p.m. in Hong Kong, according to CryptoSlam data. How Do You Stake Cryptocurrencies? Earning Passive ...The future of GameFi and crypto gaming is not just about playing games and earning tokens; it’s about creating a new avenue for Web3 technology education and investment, merging the worlds of finance and gaming, and offering a unique blend of entertainment, education, and profit. As the GameFi sector continues to evolve, it’s clear that the future of gaming is on the blockchain. Zach explained that the two actors most likely responsible for the loss of funds during the AnubisDAO scandal were two pseudonymous users known only as “Beerus” and “Ersan.”

Jason Janowitz — founder of crypto news outlet Blockworks — described in an Oct. 8 tweet how someone tried to hijack his Friend.tech account. Read More: Everything You Need To Know About Bull Flag PatternsShiba Inu: Analyzing the Graph and Market Value DOGE jumps 6% after Elon Musk tweet; Here's how to buyROSE/USDT Daily Chart. Source: TradingView Moreover, with blockchain hosting services spanning several jurisdictions, they may come under different laws and regulations that may hinder cross-border data transfers.

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