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30% of Today’s Staked Ethereum Is Tied to Lido’s Liquid Staking, 8 ETH 2.0 Pools Command $8.1 Billion in Value

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…

Continue Reading30% of Today’s Staked Ethereum Is Tied to Lido’s Liquid Staking, 8 ETH 2.0 Pools Command $8.1 Billion in Value

Value Locked in Lido Rises Prior to Ethereum’s Merge, LDO Token Jumps 23% Higher in 7 Days

In eight days Ethereum is planning to undergo one of the most intensive upgrades since the DAO hard fork in 2016, as The Merge aims to change the network’s consensus…

Continue ReadingValue Locked in Lido Rises Prior to Ethereum’s Merge, LDO Token Jumps 23% Higher in 7 Days

Coinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The Merge

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…

Continue ReadingCoinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The Merge

Ethereum Devs Delay Difficulty Bomb — ETH 2.0 Contract Surpasses 13 Million Ether Deposits

On June 30, Ethereum developers delayed the network’s difficulty bomb via the Gray Glacier update, which means The Merge won’t happen at least until September 2022. Meanwhile, there’s now more…

Continue ReadingEthereum Devs Delay Difficulty Bomb — ETH 2.0 Contract Surpasses 13 Million Ether Deposits

Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg

On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days…

Continue ReadingLido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg

More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols

In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in…

Continue ReadingMore Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols

Liquid staking protocol pSTAKE raises $10M from notable cryptocurrency venture capital firms and angel investors

Twelve venture capital firms and three angel investors have joined in to fund the DeFi protocol.

Continue ReadingLiquid staking protocol pSTAKE raises $10M from notable cryptocurrency venture capital firms and angel investors

‘We’ll see about 200 chains connected through Cosmos’ IBC next year’, says Tendermint CEO Peng Zhong

In an exclusive interview with Cointelegraph, Peng Zhong, CEO of Tendermint, the core developer of the Cosmos blockchain, discussed recent cutting-edge advancements in the ecosystem.

Continue Reading‘We’ll see about 200 chains connected through Cosmos’ IBC next year’, says Tendermint CEO Peng Zhong