Citi Believes The Merge Will Make Ethereum a “Yield-Bearing Asset”

Citigroup Inc. or Citi, an American multinational investment bank, disclosed that the merge would make Ethereum (ETH) a deflationary asset. As a result, the second-largest cryptocurrency will become a “yield-bearing asset.”   The transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism called the merge is speculated to be the biggest software upgrade … Read more

Bybit-Backed Gaming Platform Enters the Web3 World for Enhanced Experience

Yeeha Games, a $50 million-funded GameFi platform backed by crypto exchange Bybit, has entered the Web3 world to act as the bridge between gaming and finance (GameFi) and traditional gaming. Yeeha Games renders an ecosystem where users can exchange in-game assets. Therefore, the platform intends to present various blockchain games over the next eighteen months … Read more

Binance and WazirX Founders Trade Words Over the Latter’s Ownership

The confiscation of the bank account of WazirX, one of the most renowned cryptocurrency trading platforms in India, by the Enforcement Directorate (ED) as reported earlier by Blockchain.News has opened up a more concerning question about the trading platform’s ownership. The duo of Binance’s Chief Executive Officer, Changpeng Zhao, and WazirX’s founder, Nischal Shetty have … Read more

Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges

Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.  In a statement, Kenneth A. Polite Jr., an assistant attorney, pointed out: “After more than five years of litigation, Russian national Alexander Vinnik was extradited to the United States yesterday to … Read more

Bitcoin Users Are Building The Future – Bitcoin Magazine

This is an opinion editorial by Captain Sidd, finance writer and contributor to Bitcoin Magazine. “When deeds speak, words are nothing.” — African proverb Grokking Bitcoin’s potential impact on the world often starts with diving into the enormity of the problem with fiat currency. The vast moral hazards and twisted incentives inherent in any centrally … Read more