The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Ethereum Merge plans in full swing as Teku, Geth release update
Ethereum's price is down 18% over the last seven days but the final steps for the Merge are in full swing, with rampant speculation over how it will affect Ethereum's censorship resistance feature.
BendDAO running out of funds amid fears of souring debt
If borrowers default on loans using blue-chip blue-chip NFTs as collateral, the liquidation could wipe $55 million from the market and lead to a cascading effect.
South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korea's President Yoon Suk-yeol has delayed the levy of capital gains on crypto profits, but crypto airdrops are subject to a gift tax of up to 50% under current tax laws as the tokens are received for free.
Voyager creditors rejects bonus plan for 38 employees
Voyager creditors have argued that the employees are well compensated and there is no evidence that they want to resign.
Op-ed: Why maximalists are wrong — the future is cross-chain
One blockchain to rule them all?
Research: On-chain Bitcoin metrics suggest the bottom is not in
On-chain analysis suggests the price of Bitcoin may fall lower than the $17,700 local bottom reached in June.
Largest Ethereum miner, Ethermine, stops processing sanctioned transactions
Ethermine is no longer processing blocks that include Tornado Cash transactions creating censorship at a protocol level
Research: What happens to our assets in a stagflationary environment? Will smart money eventually move into BTC?
Overvalued property, overbought equities, and negative real yield bonds are all heading into a stagflationary period that could last up to several years — and push many investors into Bitcoin.
Aztec responds to claims FTX froze user funds for interacting with the protocol
Also documented by Wu Blockchain, the accusations of FTX users having their accounts frozen came from a series of tweets from a handful of accounts.
Cardano developer reveals bug in node version 1.35.2
Dean said the "rushing" of the Vasil hard fork makes him uneasy, saying the Cardano network was close to hitting a "nuclear rock."
FTX backtracks on FDIC insurance but fails to delete all references
FTX President Brett Harrison deleted a tweet referencing FDIC insurance yet missed another reference as SBF gets involved
FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance
The FDIC demanded that the companies, their officers and employees abstain from alluding to any presence of FDIC deposit insurance at certain exchanges or their own platforms.
FTX users complain about fund freezes after interacting with privacy protocol Aztec Network
Privacy protocols might be under increased scrutiny, as some users have reported that FTX allegedly froze funds of those who interacted with the Aztec Network.
Godfather of Crypto expresses concerns over current state of blockchain privacy
David Chaum has been working with cryptography longer than anyone in our industry and he is not happy with the state of privacy in blockchain
The Nexo Booster is bringing leverage trading to Nexo
The Nexo Booster brings leverage trading to the platform, enabling users to buy up to 3x the amount of the asset they want.