Cryptocurrency Analysis and News Portal
Binance co-founder and CEO Changpeng “CZ” Zhao has seen his net worth slashed by $11.9 billion amid falling trading volumes at his exchange.On Oct. 26, the Bloomberg Billionaires Index cut Binance’s revenue estimates by 38% amid a slump in exchange volumes which knocked Zhao down to 95th place on the
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The Ethereum ecosystem has seen only 226 validators slashed since the launch of the Beacon Chain on Dec. 1, 2022 — amounting to just 0.04% of 524,060 validators, according to an Ethereum core developer.Slashing is a process where a validator breaches the proof-of-stake consensus rules, which often results in the removal
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Crypto exchange Crypto.com announced severe reductions to CRO staking rewards for most tiers of its VISA prepaid card which has forced the token price to fall around 30% in less than a week.Its May 1 blog post explains that card rewards will be reduced by an average of 69.5%, and
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Supply chain fintech startup Tradeshift, which boasts two million firms on its platform, says it's slashed the cost of cross-border transactions between buyers and suppliers using the public ethereum blockchain.Tradeshift Frontiers, the innovation division of the Goldman Sachs-backed unicorn, represents invoice values as tokenized IOUs between buyers and sellers and
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