Institutions Stake Ethereum 2.0, but the Investment-Grade Way
Whilst blockchain space is imminently approaching a full switch to Ethereum 2.0, institutions and individuals continue to take on ETH2 staking. Those who are foreign to the industry may think that POS has not attracted as much attention as it deserves, but in reality, Ethereum staking is on track to become a $40bn medium, changing […]
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Along with a bitcoin bull run comes the allure of alternative cryptocurrencies. But BTC has properties that these alternatives never will. The post Bitcoin Is The Only Investment-Grade Digital Asset appeared first on Bitcoin Magazine.
Anchorage's new service comes in anticipation of the Ethereum network’s long-promised shift proof-of-stake consensus. Anchorage Digital, a San-Francisco-based digital platform that owns the first federally chartered crypto bank, will open an option to stake the Ethereum (ETH) for institutions. This move comes in anticipation of the Ethereum network’s long-promised shift from proof-of-work (PoW) to proof-of-stake (PoS) protocol. Anchorage announced on Tuesday its intention to introduce ETH staking — a practice of earning rewards for serving as a transaction validator in the Ethereum....
SWIFT’s decision to test a blockchain prototype with Consensys (Ethereum) has stirred debate in the crypto space, raising concerns about whether XRP’s role in global finance may be under threat. While Ethereum may offer experimentation, a crypto analyst argues that the XRP Ledger (XRPL) already delivers enterprise-grade performance, compliance features, and real-world adoption that institutions […]
Curv is teaming up with MetaMask to allow institutions to invest in DeFi protocols while having institutional-grade custody options.
Two more weeks before launch is delayed, but progress has slowed down lately. The deposit contract for Ethereum 2.0 now holds 50,849 Ether (ETH), worth approximately $22 million as of press time.This is slightly less than 10% of the minimum required stake of 524,288 ETH, or $230 million. Ethereum 2.0 is set to launch on Dec. 1 — but only if the minimum stake threshold is reached seven days before that date.Historic balance for the deposit contract by Etherscan.The influx of new deposits appears to have tapered off recently as the majority of prospective stakers joined within the first....