Nansen analysts worry that much of the ether staking is controlled by a small group of people at Lido Finance who are not particularly keen on asset decentralization. Most of the staking on the Ethereum network is controlled by five crypto exchanges, experts conclude. Of all Ethereum (ETH) coins in circulation, only 11% is staking: […]
Sarah
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
Starbuck Launches Web3 Loyalty Program on the Polygon Blockchain
International coffee chain Starbucks is launching a customer reward system using NFT. Polygon provides a blockchain for minting collectible tokens. The joint project will enable Starbucks Rewards members and US Starbucks partners to earn and purchase branded NFTs. Users will be able to earn non-fungible Starbucks tokens by completing tasks in interactive games. All planned […]
Huobi exchange plans to delist seven anonymous cryptocurrencies
Huobi trading platform will exclude trading pairs with seven confidential cryptocurrencies on September 19: DASH, DCR, FIRO, XMR, XVG, ZEC and ZEN. This is due to increased pressure from regulators. According to Huobi, the exchange strictly complies with the requirements of regulators. In accordance with Article 17(16) of the Huobi Global Crypto Asset Management Rules, […]
South Korean authorities have revealed cases of crypto-fraud for $1 billion
The South Korean MP said that after strengthening the supervision of the crypto industry in the first half of 2022, customs revealed fraudulent crypto transactions worth $1 billion. Kang Byung-won revealed that since 2017, customs officials have recorded a total of more than 3.9 trillion won ($2.8 billion) in fraudulent crypto transactions. Of these, more […]
Rocket Pool: “Decentralization is the only way for Ethereum to maintain trust after the merger”
Ethereum 2.0 node validator Rocket Pool has announced that the only way to counter regulatory takeover of the network after the merger is to decentralize validators. The Ethereum network is expected to complete its most significant upgrade this week (The Merge) and transition from the current Proof-of-Work to Proof-of-Stake consensus algorithm. With only a few […]
Argentine MP proposes using blockchain to pay benefits
A member of the Buenos Aires city parliament has introduced a bill that proposes using blockchain to distribute social assistance to citizens. Dario Nieto believes that the technology should be introduced into the payroll management system to improve it. According to the Argentine MP, this will effectively eliminate the types of businesses that, for a […]
South Korean Citizen Goes to Jail for Metaverse Harassment
A district court in Uijeongbu, South Korea, has sentenced a 30-year-old man to four years in prison for sexually harassing teenagers in the metaverse. A man in the period from December to March got acquainted with minors in the metaverse, pretending to be the same age, entered into their confidence, conducted obscene conversations and asked […]
NEAR protocol launches $100 million fund to invest in Web3 entertainment
The NEAR protocol will be the core of the fund, which will start at $50 million and have a target of $100 million. The capital of the fund is intended for investments in companies in the Web3 market. The first funds are going to be invested in a laboratory that will work with creators, talents […]
The Chamber of Digital Commerce will take part in the proceedings between the SEC regulator and Ripple
The U.S. Chamber of Digital Commerce is seeking “friends of the court” (amici curiae) status in a lawsuit between Ripple and the SEC to support the company and XRP holders. Attorney and partner at the law firm Hogan & Hogan, Jeremy Hogan, explained that the Chamber is looking into the details of the case and […]
Fraudster from Khakassia collected 1.4 million rubles to buy mining equipment
Law enforcement agencies detained a 37-year-old resident of the capital of Khakassia. The man is accused of collecting money from fellow countrymen to buy mining equipment, and then disappeared. It all started with the fact that a 24-year-old citizen turned to the Abakan police. He said that he gave a friend 260,000 rubles to buy […]
