The Eigen Foundation has taken a significant step in enhancing the sustainability of Ethereum by pledging to allocate 1% of the EIGEN token supply to the Protocol Guild. This initiative exemplifies a strategic effort to bolster research and development within Ethereum’s Layer 1 infrastructure. By channeling resources into the Protocol Guild, the Eigen Foundation is
Ethereum (ETH) is once again capturing the attention of investors and crypto enthusiasts alike. Having recorded a notable recovery of 4.7% over the past 24 hours, Ethereum has managed to reclaim critical support areas that had previously been lost during market fluctuations. This recent uptick in price has generated a wave of bullish sentiment among
The evolution of the internet is entering a new phase with the rise of Web3 technologies, which encompass blockchain, decentralized finance (DeFi), and non-fungible tokens (NFTs). The recent Web3 Survey conducted by ConsenSys in collaboration with YouGov delves into the engagement levels and understanding of these technologies among a global audience. Spanning 18 countries and
Italy’s government recently found itself at the crossroads of fiscal responsibility and economic innovation, facing backlash over a controversial proposal to significantly raise taxes on crypto capital gains. Originally, the plan aimed to steeply increase the tax from 26% to a staggering 42% as part of the 2025 budget. This proposal, positioned as a means
In recent months, Ethereum has solidified its position as the predominant blockchain for Tether’s USDT, eclipsing Tron in a significant trend within the stablecoin sector. This change represents a pivotal moment in the ongoing competition among blockchain networks to establish dominance within the stablecoin ecosystem. Tether recently issued an astounding $20 billion worth of USDT
In 2024, Binance has set an impressive benchmark in the cryptocurrency exchange arena, showcasing an astounding total of $21.6 billion in customer deposits as reported on December 12. This milestone positions Binance far ahead of competitors, not just by a small margin, but significantly—its deposits exceed the cumulative total of the next ten largest exchanges
In a groundbreaking enforcement action, the Australian Securities and Investments Commission (ASIC) has levied a hefty fine of AUD 8 million (approximately USD 5 million) against Bit Trade, the operator behind the renowned Kraken exchange. The penalty, announced in a statement dated December 12, underscores the critical importance of regulatory compliance within the ever-evolving cryptocurrency
Ethereum has been navigating a critical price range, oscillating between $3,500 and $4,000. Recently, the cryptocurrency’s value found solace near the lower boundary of this range at $3,500, which has established itself as a strong support level. In the aftermath of this rebound, market bulls are underscoring their intent to re-test the $4,000 resistance, a
World Liberty Financial (WLFI) has emerged as a notable player in the decentralized finance (DeFi) sector, bolstered by the endorsement of political figures, including President-elect Donald Trump. The platform has made waves recently with a $12 million acquisition involving well-known cryptocurrency assets, a move highlighting WLFI’s ambition to establish itself as a significant entity in
The gaming landscape is continuously evolving, and with the launch of DAO functionality by Hamster Kombat, a novel and revolutionary model emerges, powered by community engagement. This pivotal move away from traditional gaming frameworks sets the stage for greater transparency and inclusiveness, specifically for HMSTR token holders. By granting the community a tangible stake in
