Prices for tokens of Liquid Staking Derivatives (LSD) platforms have soared in the week after Ethereum’s Shapella upgrade. LSD platforms simplify the staking process and ensure liquidity for staked ether, even after it is locked in a smart contract. For their services, staking platforms have accumulated some of the biggest holdings of staked ether. An… Read More Notes 4/18: LSD Tokens, BNB Burns
North America’s biggest cryptocurrency exchange Coinbase will be hiking fees for low-volume cryptocurrency traders on its Coinbase Pro platform, starting Monday. The Coinbase Pro platform is meant for traders but retail investors can also create accounts on it. The exchange currently charges a flat 0.25% fee for takers (or traders who take only one side… Read More Coinbase Hikes Fees for Low Volume Traders
The last time he spoke about cryptocurrencies to the press, SEC Chairman Jay Clayton held out hope for a Bitcoin ETF, indicating that “progress is being made” in cleaning up crypto markets. Yesterday, at the Delivering Alpha conference organized by CNBC, Clayton reverted back to his old hostile stance towards cryptocurrencies. “If they (investors) think… Read More SEC Chair Jay Clayton Says Crypto Markets Lack Price Discovery Rigor of Public Markets
While the top 10 cryptos all registered significant gains this past month, the star performers were Tron and EOS. The former coin, which is backed by China’s e-commerce giant Alibaba’s founder Jack Ma, was up by 190%. EOS was the top performer with an increase of 199% in its price.… Read More Which Crypto Had The Best Gains In April?
There might be a day when bitcoin and cryptocurrency markets are in a celebratory mood. Today is not one of those days. Bears, who’ve wrested control of the markets, exerted further pressure in the last 24 hours. After moving sideways around the $8,000 mark, bitcoin’s price has fallen below that support level. At 16:32 UTC,… Read More Bitcoin Price Falls Below $8K As Atlanta Fed Chair Cautions Against Crypto Investing
Traders swung between the optimism and gloom over bitcoin’s future prospects as cryptocurrency markets crashed below $300 billion before recovering this morning. The price of a single bitcoin, which had been on a steady decline since the middle of last week, wobbled to $7,370 Sunday morning. At 15:05 UTC, it had recovered to $8,635. The… Read More Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads