Home > Drive

Crypto influencer warns Ethereum fees will drive users away

Prominent crypto influencer Lark Davis, or “The Crypto Lark,” has warned that Ethereum’s competitors will continue to syphon away users should Eth2 fail to launch soon amid ever-increasing gas fees.Despite predicting five-figure Ether prices in 2021, Davis’ Feb. 19 video, Davis asserts Ethereum’s skyrocketing fees has meant that only “rich

Read More

Cybersecurity firm uses encrypted hard drive with Bitcoin to test applicants

Researchers wishing to apply to New York-based Red Balloon Security have to complete an unusual technical interview as part of their application process: unlocking a hard drive containing crypto.According to a report from Business Insider, Red Balloon sends the hard drives to certain candidates for cybersecurity research positions at the

Read More

Jack Dorsey warns that FinCEN regulations will drive crypto users offshore

Major U.S crypto firms are rallying against FinCEN’s proposed regulations that would force businesses operating with crypto to gather information on the identities of non-customer counterparties.A Jan. 4 letter from Jack Dorsey, CEO of financial services firm Square takes aim at the proposal for seeking to impose reporting obligations that

Read More

Election Bets Drive Fee Spike at Predictions Platform Polymarket

Decentralized predictions platform Polymarket has passed DeFi protocol SushiSwap to become the fourth-highest blockchain project in terms of fees generated.According to Cryptofees, the platform is averaging over $100,000 in daily takings and currently trails behind first-place Bitcoin, Ethereum (second) and DeFi protocol Uniswap (third).The rise is partly due to

Read More