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According to the latest Coingecko crypto industry report, during the first quarter of 2023, bitcoin became the best-performing asset after it saw its U.S. dollar value go up from just under $17,000 observed on Dec. 31, 2022, to just over $28,000 by March 31, 2023. The report attributes the crypto
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The cryptocurrency ecosystem has enjoyed a buoyant start to the year as Bitcoin (BTC) and decentralized finance (DeFi) protocols surge in market capitalization through the first quarter of 2023.These are the key takeaways from the “2023 Q1 Crypto Industry Report” published by CoinGecko on April 18. BTC emerged as the best-performing
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Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase in ether deposits over the last 30 days. Since March 14, a total of
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FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30
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“Allowing withdrawals, boosted by the recent popularity of liquid staking platforms, will make ETH staking much more accessible to retail investors who were previously unwilling to stake ETH for an undetermined amount of time,” said Chen Zhuling, CEO at staking service RockX, in a note to CryptoX. Source
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As such, Coinbase Ventures will receive a share of the 15% of the total RPL inflation produced at each rewards period dedicated to Rocket Pool’s Oracle DAO. RPL, the native token for the Rocket Pool ecosystem that provides direct incentives, insurance and governance for protocol according to a blog post,
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“ckBTC means low transaction fees, speed, and, most importantly, no bridges,” said Dominic Williams, founder at Dfinity, in a note to CoinDesk. “This is a milestone in the Bitcoin journey, and the Dfinity Foundation is excited to see how projects building on the Internet Computer blockchain implement ckBTC and explore
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“Increasing the IOTX staking ratio and, therefore, the security of its blockchain has always been the goal for IoTeX,” co-founder Raullen Chai said in a message to CryptoX. “The primary motivation behind IIP-13 is improved security and further decentralization of the IoTeX blockchain.” Source
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The company is initially targeting exchanges and wealth management platforms, with a view to attracting large funds and banking institutions further down the line, founder and CEO Chen Zhuling told CoinDesk in an interview. Crypto trading firm Amber Group, a RockX investor, will be one of Bedrock's first clients. Source
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Ethereum’s upcoming Shanghai upgrade will allow users to withdraw staked Ether (ETH), increasing the network’s liquidity and competitiveness while also boosting its staking ratio closer to its competitors.The Shanghai upgrade is a hard fork of Ethereum tentatively scheduled to occur in March. It implements five Ethereum Improvement Proposals, the headliner
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