Finance

Moving value across blockchains is now largely mediated by a small group of centralized intermediaries despite crypto’s long-standing claims of decentralization. Michael Steuer, president and chief technology officer of Casper Network, framed this dynamic as a structural outcome of the industry’s approach to interoperability and user experience. With a background spanning mobile gaming, enterprise software … Read more

Nearly four out of five crypto projects that suffer a major hack never fully regain their footing, according to Mitchell Amador, CEO of Web3 security platform Immunefi. Amador told Cointelegraph that most protocols enter a state of paralysis the moment an exploit is discovered. “Most protocols are fundamentally unaware of the extent to which they … Read more

China-led cross-border digital currency platform mBridge has processed more than $55 billion in transactions as efforts to build payment rails that operate outside traditional dollar-based systems find momentum. Project mBridge, a multi-central bank digital currency (CBDC) platform, has now settled over 4,000 cross-border transactions with a cumulative value of roughly $55.5 billion, according to data … Read more

The massive staking inflows are strengthening ETH’s supply-demand dynamic, potentially setting the stage for upward price momentum this year. The Ethereum staking validator exit queue has dropped to zero — signaling a dramatic fall in selling pressure and strengthening confidence in Ether (ETH) as a yield-bearing asset. Data from Ethereum Validator Queue shows the exit … Read more

Solana Labs CEO Anatoly Yakovenko said he wants Solana to be a constantly evolving network, continuously updating to meet the changing needs of users, contrasting with Vitalik Buterin’s vision of Ethereum as a self-sustaining blockchain. “Solana needs to never stop iterating. It shouldn’t depend on any single group or individual to do so, but if … Read more

Brian Armstrong, the CEO of crypto exchange Coinbase, denied reports that the White House is considering pulling support for the CLARITY Act, a crypto market structure bill, and also denied rumors that the administration is “furious” with Coinbase. “The White House has been super constructive here. They did ask us to see if we can … Read more

Popular fast-food chain Steak ’n Shake added $10 million worth of bitcoin to its corporate treasury, deepening its commitment to bitcoin eight months after rolling out BTC payments across all U.S. locations. The company said on social media that the move follows a “self-reinforcing cycle” driven by bitcoin adoption, where customers paying in BTC help … Read more

Steak ‘n Shake, a fast-food restaurant chain that accepts Bitcoin (BTC) payments at its stores, announced on Friday that its BTC corporate treasury grew by $10 million in notional value. “All Bitcoin sales go into our strategic Bitcoin reserve,” the company said, adding that adopting BTC as a treasury asset has led to a flywheel … Read more

Progress is being made toward establishing a Bitcoin (BTC) strategic reserve in the United States, but “obscure” legal provisions are holding up the process, according to Patrick Witt, the director of the White House Crypto Council.  Several government agencies are discussing the legalities and regulatory issues of establishing a Bitcoin strategic reserve, including the Department … Read more