Ethereum co-founder Vitalik Buterin said the Ethereum network needs to go through three major technical transitions related to Layer-2 scaling, wallet security, and privacy as it matures from a “young experimental technology into a mature tech stack.” Buterin added that these transitions must be executed “roughly simultaneously” to ensure success and if any of them […] The post Buterin says Ethereum needs 3 critical transitions to ensure its survival appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

The U.S. Department of Justice has charged two Russians, Alexey Bilyuchenko and Aleksandr Verner, for conspiring to launder 647,000 Bitcoin (BTC) stolen from their hack of Mt. Gox in 2011, according to a June 9 statement. The DOJ accused them of using their unauthorized access to Mt. Gox servers to transfer BTC to wallets controlled […] The post US DOJ charges 2 Russians with laundering over 600k Bitcoin appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Quick Take In the past four days, Glassnode data suggests that Bitcoin holders have seen greater realized loss-taking than realized profit. Realized losses did get smaller throughout the week of June 5, suggesting the Binance lawsuit was a bigger trigger for selling than the Coinbase lawsuit from the SEC. Considering the SEC sued the two […] The post Realized losses outpace profits amid market turbulence after Binance, Coinbase lawsuits appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

U.S.-based digital trading app Robinhood announced today that it will end support for three major cryptocurrencies on June 27 — Cardano (ADA), Polygon (MATIC), and Solana (SOL). The company advised users to sell or transfer their holdings before the deadline, at which point the tokens will be automatically sold and converted to buying power on […] The post Robinhood pulls the plug on MATIC, SOL, ADA amid SEC crackdown appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Disgraced Terraform Labs Co-founder Do Kwon has an established relationship with an influential Montenegrin politician, according to the Korean news agency Yonhap. Montenegro’s Prime Minister revealed this information days before the country’s parliamentary elections – scheduled for June 11. During a June 8 press conference, Prime Minister Abazović told reporters he had received a handwritten […] The post Do Kwon saga erupts into Montenegrin political scandal appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Bitcoin (BTC) is trading at a slight discount on Binance.US following the exchange’s announcement of its banking partners’ decision to halt USD payment channels on June 13, amidst ongoing regulatory troubles, according to Kaiko data. Kaiko stated that BTC traded at a premium on Binance.US  between June 6 and June 8 when rumors surfaced that […] The post Bitcoin trades at slight discount on Binance.US as banking partners cut ties appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

The cryptocurrency market saw mild net inflows of $0.23 billion over the last 24 hours and currently stands at $1.11 trillion — up 0.22%. During the reporting period, Bitcoin (BTC) market cap rose 0.55% to 515.53 billion, while Ethereum’s (ETH) market cap fell 0.14% to 221.42 billion. The top 10 digital assets by market cap […] The post Bitcoin’s price maintains $26.5K despite continued regulatory woes: CryptoSlate wMarket Update appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

John Deaton, managing partner at Deaton Law Firm, has called on Binance and Coinbase users to contribute to an amicus brief to submit to the court handling their cases. Amicus curiae is Latin for friend of the court. It refers to a person or group who is not the plaintiff or defendant but has a […] The post Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Coinbase CEO Brian Armstrong sold $1.8 million worth of company shares on June 5, according to data from Dataroma, before news of the U.S. Securities and Exchange Commission (SEC) lawsuit against the company tanked its shares by more than 15% on June 6. The SEC alleges Coinbase operated as an unregistered broker, exchange, and clearing […] The post Coinbase CEO’s $1.8 million stock sale raises eyebrows amid SEC lawsuit appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Quick Take Credit rating agency Moody’s has downgraded the crypto exchange Coinbase from “stable” to “negative.” This decision comes after the June 6 lawsuit from the SEC. However, despite the rating downgrade, Moody’s rating rationale on their website does acknowledge their “healthy liquidity position.” “The affirmation of Coinbase’s ratings reflects its healthy liquidity position, its […] The post Coinbase outlook downgraded from stable to negative – Moody’s appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More