ARK and 21Shares drop staking plans from Ethereum ETF proposal
Bloomberg ETF analyst Erich Balchunas suggests the update may be a response to potential SEC feedback despite no official comments.
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DeFi surpasses $7B in locked funds, but just six projects hold 90% of capital
Despite DeFi’s meteoric growth, only half a dozen projects represent more than 90% of the capital locked in the sector. The total value of capital locked in decentralized finance (DeFi) protocols has increased 271% in less than two months to surpass $7 billion for the first time, according to DeFi Pulse.If the current rate of…

Blockchain is good for hodling, but not for voting: Bad Crypto news of the week
Analysts make a slew of wild predictions as Bitcoin continues its moon mission in this week's Bad Crypto podcast 1784 Total views 20 Total shares Bitcoin continues to move through the gears. The currency is up more than 12 percent over the week and is now playing with the $18,000 mark. And it’s not just…

Digital artist Beeple auctions NFT art collection for $3.5M
A final-second bid saw a digital artwork NFT sell for $777,777 on Nifty Gateway. 1985 Total views 13 Total shares Non-fungible token marketplace Nifty Gateway hosted an auction that saw a single NFT artwork sell for $777,777 after a last-second bid doubled the price.On Dec. 14, Nifty tweeted that the “savage” bid of $777,777 had…

Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations
Republican leadership has blamed the Biden administration for not having a "sense of urgency" on stablecoins, while the Democratic response suggested "impatience" by lawmakers. 382 Total views 5 Total shares United States House Financial Services Committee chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a…

Two European Salmon Producers Use IBM’s Blockchain Platform to Track Supply Chain
Salmon farming company Cermaq and smoked salmon producer Labeyrie began using IBM’s cloud blockchain technology to trace their product supply chains.Cermaq announced the development in a Nov. 20 press release, revealing that it cooperated with Labeyrie and IBM’s blockchain platform IBM Food Trust to enable customers to get information about the salmon value chain. All…

Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived
Bears took a hefty swing at BTC price today, but traders say on-chain and technical analysis data point toward a short-lived correction where investors choose to accumulate on each dip. 63 Total views 2 Total shares The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide…

SafeMoon addresses recent exploits amid SEC charges
SafeMoon says it is closely examining the recent developments and will work to resolve the situation promptly. 859 Total views 6 Total shares Decentralized finance project SafeMoon, which was charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud, has said that it is closely examining recent developments and

COVID-19 vaccination records stored on VeChain as use cases grow
A hospital in Cyprus is now utilizing the VeChain blockchain to store vaccination records. 2483 Total views 19 Total shares The Mediterranean Hospital of Cyprus, one of the country’s largest private health facilities, is storing its COVID-19 vaccination records on VeChain — offering another compelling use case for the supply chain logistics platform. As of Monday, 100…