Decentralized autonomous organizations suffer from a lack of oversight. Companies and founders should take that into account in their planning. As the decentralized finance (DeFi) ecosystem grows in size and influence, the question of how to best govern DeFi protocols has taken center stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away the most popular governance…

A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user’s IP address information. A researcher at the Ethereum Foundation (EF) revealed that the IP addresses of Ether stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns. In…

In the last 24 hours, Bitcoin’s percentage of the crypto market cap retreated by nearly 1% while Ether gained just over 1.1%. Ether prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin market dominance. According to data from the analysis site btctools.io Ether’s market share climbed…

The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad. ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges. According to an April 12 Bloomberg report, the bank…

The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position. An estimated 170,000 Ether of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted. The figure comprises…

Applications built on LayerZero’s cross-chain messaging protocol are gathering momentum primarily due to excitement over a potential airdrop. LayerZero is a communication method that facilitates cross-chain applications. Its low-level messaging capabilities enable the development of omni-chain functionalities on top of it, such as decentralized exchanges, money market protocols and numerous other DeFi applications that can…

After months of delays, Ethereum validators can finally withdraw their staked Ether and rewards from the Ethereum mainnet. The Shapella hard fork has officially been executed on the Ethereum mainnet — meaning that Ethereum validators can finally withdraw their staked Ether from the Beacon Chain. The long-awaited upgrade took effect at 10:27 pm UTC on April…

The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation’s chief has claimed. United States financial regulators are tightening their grip on the crypto industry and the U.S. dollar has also been under pressure with countries distancing themselves from dollar hegemony, but the chief of…

According to CoinShares, Bitcoin saw $56 million of inflows last week, which accounted for 98% of all investments into digital asset investment products. On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week, bringing…

People purchase NFTs for various reasons, but according to a new survey from CoinGecko, the majority buy them for utility and long-term profits. Utility and long-term profits have been ranked as the top reasons for buying nonfungible tokens (NFTs), according to a survey conducted by CoinGecko and Blockchain Research Lab. An April 10 CoinGecko report found most considered how…