Kraken has settled charges with the U.S. Securities and Exchange Commission (SEC) and is shutting down its on-chain staking program, the government agency shared on Thursday. The exchange, which was charged under its subsidiaries of Payward Ventures and Payward Trading, will pay $30 million in charges for “disgorgement, prejudgment interest and civil penalties.” In response...
Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether ETH won’t be classified as a security in the United States. Cointelegraph spoke with Lubin, Ethereum co-founder and founder of blockchain tech firm ConsenSys, in Tel Aviv at the Web3 event, Building Blocks 23. Asked if ETH could be classed as a security in...
Injective, a layer 1 blockchain specializing in building financial applications, has launched a USD 150 million foundation ecosystem initiative. Injective was built using the Cosmos SDK and uniquely provides plugins that help developers quickly build complex protocols focused on areas such as exchanges, options, derivatives and lending. Injective is already one of the most interoperable...
Shares of BIT Mining (BTCM) on the New York Stock Exchange (NYSE) rose 106% from USD 2.11 to USD 4.36 per share after the company announced the release of new LD3 mining devices on Twitter on 10 January. On 17 January, hardware manufacturer BIT Mining announced on its blog that the production of these devices...
An influential NFT user claims to have lost a “life-changing amount” of his net worth in non-fungible tokens (NFTs) and cryptocurrencies after accidentally downloading malware found through a Google ad search. A pseudonymous influencer known on Twitter as “NFT God” posted a series of tweets on 14 January describing how his “entire digital livelihood” was...
Mastercard has announced a partnership with Polygon as part of a Web3-focused incubator programme. The financial services company wants to support musical artists looking to harness the power of the digital economy with the tools they need to succeed. “The core of this programme is providing emerging artists with the Web3 tools and skills they...
Ethereum co-founder Vitalik Buterin has named the mass adoption of crypto wallets, inflation-resistant stablecoins, and Ethereum-based website logins as the three “huge” opportunities that have yet to be realized in cryptocurrency. During an interview with Bankless co-owner David Hoffman, Buterin shared his outlook for the crypto industry in 2023, responding to Hoffman’s concern that the...
It may be known primarily as an online payment method, but PayPal is now setting its sights on helping its users get started with cryptocurrencies. ConsenSys, the company behind MetaMask, has announced plans to add an integration in its crypto wallet so that users can buy cryptocurrencies using their PayPal account. MetaMask intends the offering...
Google has unveiled a new cloud service for blockchain developers. According to its creators, Blockchain Node Engine is a fully managed node hosting service for decentralized networks. The first blockchain supported by the service will be Ethereum. Web3 companies will be able to deploy smart contracts and read and write blockchain data using nodes hosted...
