Ad Jesse Powell, co-founder and exiting CEO of Kraken, commented on his company’s decision to halt its U.S. staking services in a series of tweets on Feb. 9. Kraken leader comments on the settlement Yesterday, Kraken reached a settlement with the U.S. Securities and Exchange Commission that forced it to pay $30 million and discontinue…
Ad Crypto exchange Kraken will discontinue its staking services as part of a settlement with the SEC, according to a press release from the regulator on Feb. 9. There, the U.S. Securities and Exchange Commission charged Kraken with failing to register its cryptocurrency staking service as a security offering. The regulator said that Kraken had…
Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 5 days ago
Ad Coinbase CEO Brian Armstrong said on Feb. 8 that his company has heard rumors that the United States’ main securities regulator intends to ban staking. Armstrong wrote on Twitter: “We’re hearing rumors that the [U.S. Securities and Exchange Commission] would like to get rid of crypto staking in the U.S. for retail customers. I…
Liquid staking protocol Lido said its staked Ethereum on the Beacon Chain reached 5.05 million ($8.32 billion). LDO surged 18% to $2.45 in the last 24 hours, according to CryptoSlate data. The token rose by 16% in the previous seven days and 25% in the last 30 days. Lido dominates liquid staking On Feb. 6, Lido…
A testnet that will demonstrate Ethereum staking withdrawals is set to go live on Wednesday, according to statements from developers on Jan. 30. Ethereum Foundation members Parithosh Jayanthi and Barnabas Busa said the Zhejiang testnet will go live on Feb. 1 at 15:00 UTC. The Shanghai and Capella upgrade will be triggered on the testnet…
The Ethereum (ETH) Shanghai upgrade is due to release March, enabling withdrawals from beacon chain and allowing ETH currently staked in ETH 2.0 validators to be unstaked. With over 70% of ETH stakers currently at a loss with their ETH inaccessible, the Shanghai upgrade will enable stakers access to their ETH and decide whether to…
The amount of staked Ethereum (ETH) has risen by 18% to over 16 million since the network completed its transition to a proof-of-stake (PoS) network last year, according to CryptoSlate data. The 16 million staked ETH equates to roughly 13.28% of ETH’s total supply — worth $22.42 billion — 500,213 total validators and 87,121 distinct depositor addresses,…
Ripple CTO David Schwartz advised the XRP community on Jan. 12 to sell their airdropped Flare (FLR) tokens because holding the asset has no added incentive. Following the tweet, the FLR token dumped roughly 10% to $0.04367 as of press time. Ripple CTO says Flare leveraged the XRP community Schwartz said Flare leveraged the XRP…
On Jan. 10 at 08:00 UTC, Binance unstaked $110.28 million worth of SHIBA INU (SHIB) and re-staked 4 trillion SHIB tokens, which equates to around $34.84 million, according to data shared by Arkham Crypto Intelligence. The transfers took place on ShibaSwap and left $75.44 million, or 8.661 trillion SHIB tokens, unstaked. The tokens are being…