• Coinbase Pro gas fees
    Ethereum

    Enough is enough: Coinbase Pro to stop absorbing gas fees and pass costs on to ETH users

    The announcement comes as expenditure on transaction fees reaches a record high, with close to $1 million spent in a single hour

    In a series of tweets on Sep. 17, the exchange said decentralized finance’s explosion in popularity, alongside wider levels of crypto adoption, were key factors in its decision. With networks getting more congested because of higher numbers of transactions (and gas fees going up as a result,) it seemed inevitable this policy wouldn’t be sustainable forever.

  • Treasury sanctions phishing Russians
    Cryptocurrencies

    U.S. Treasury sanctions two Russian men for stealing $17M in crypto

    U.S. authorities seized crypto assets stolen through a phishing scheme by two Russian hackers, and imposed sanctions similar to those used against hostile regimes, drug kingpins

    Aside from seizing or freezing “all property and interests in property” from sanctioned persons, under the law “U.S. persons generally are prohibited from dealing with them,” according to the OFAC website. The Secret Service also seized millions of dollars in cryptocurrencies and cash allegedly stolen in the sophisticated phishing and spoofing attacks by Russian national Danil Potekhin in 2017 and 2018, which was subsequently laundered by Dmitrii Karasavidi.

  • launch of Ethereum 2.0
    Ethereum

    Lead developer formally proposes launch of Ethereum 2.0

    The moment that the Ethereum community has been waiting for finally seems at hand: The move to a faster, more energy efficient proof-of-stake blockchain has begun

    Ethereum 2.0 will move the No. 2 cryptocurrency’s blockchain from a Bitcoin-style, energy-hungry, proof-of-work (PoW) consensus mechanism to a faster, more energy efficient proof-of-stake (PoS), in which blocks are confirmed by validators who essentially post a bond to ensure good behavior.

  • Kraken gets banking license
    Cryptocurrencies,  Regulation

    Release the Kraken! Exchange wins bank charter approval in ‘world first’

    Its new service, Kraken Financial, could make it easier for consumers to pay their bills and even receive their salaries in crypto

    Its new service, Kraken Financial, could make it easier for consumers to pay their bills and even receive their salaries in crypto

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