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The Japanese cryptocurrency exchange Liquid is the latest company to halt withdrawals amid the ongoing crisis of centralized crypto exchanges.The FTX-owned crypto exchange Liquid took to Twitter on Nov. 15 to officially announce a suspension of fiat and crypto withdrawals on its Liquid Global platform.Addressing the reasons for the suspension,
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The Japanese exchange lost $90 million in an attack in 2021. Original Source
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Stablecoin issuer Tether Holdings Limited published its latest quarterly attestation on Nov. 10, highlighting the “extremely liquid” nature of its assets at a time when crypto markets were reeling from news of FTX’s apparent insolvency. Eighty-two percent of Tether’s reserves were held in cash, cash equivalents and other short-term deposits as
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“Longer term, we want to work with Anchorage and other custody service providers to provide custody for liquid staked assets,” Persistence founder Tushar Aggarwal told CoinDesk. “I think they're [Anchorage] going the regulated route, which is the route that we see ourselves going down as well with respect to proof
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On Tuesday, the liquid staking firm Alluvial revealed a consortium of organizations will collaborate on the “first enterprise-grade multi-chain liquid staking protocol.” Alluvial’s announcement detailed the protocol will be known as the “Liquid Collective” and the cryptocurrency exchange Kraken has joined as a foundation member. Liquid Collective Aims to Bolster a
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A few years back, the concept of owning and trading fragments of physical real estate might have seemed too far-fetched for many. But with the advent of blockchain technology, real estate tokenization is providing new opportunities for fractional ownership and investment.Blockchain technology’s long-overdue debut in real estate has made real-world
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In roughly three days Ethereum is expected to transition from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) version via The Merge. Ahead of the transition, the liquid staking project Lido has seen a lot more activity as the value locked in the protocol increased by more than 13%
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Bitcoin’s genesis in 2009 will probably go down in history as one of the most notable technological events of all time. Demonstrating the first real use case for the immutable, transparent and tamper-proof ledgers — i.e., blockchain — it established the cornerstone for developing the crypto and other blockchain-based industries. Today,
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Liquid staking is become more popular as Ethereum, the second-largest blockchain, proceeds toward becoming a proof-of-stake (PoS) system. Coinbase, the U.S. publicly traded crypto exchange, said last week it plans to offer its own liquid staking token, called Coinbase Wrapped Staked ETH (cbETH). It joins Lido Finance, which said in
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The cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrapped ethereum, or CBETH, and it will allow people to stake their ether in a non-custodial fashion or trade the tokens on the
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