Author: Coindesk

In conclusion, corporate governance practices in a blockchain world offer significant benefits to financial advisors’ clients. From enhanced transparency and trust to improved accountability, streamlined operations, enhanced security, and regulatory compliance, blockchain technology is revolutionizing the way financial advisors and their clients interact and collaborate. By embracing blockchain-based governance solutions, financial advisors can better serve their clients’ interests, help them achieve their financial goals, and build stronger, more resilient investment portfolios for a prosperous and sustainable future. Read the full article here

April 7: Obol Labs, a developer team focused on proof-of-stake blockchain infrastructure, said its distributed validator clusters are ready to be activated in the Lido Simple DVT Module on Ethereum Mainnet, after a period of testing and evaluation. According to a proposal voted on by the Lido community in October: Distributed validator technology, or DVT, “represents the fastest way to add many new Node Operators to the Lido Node Operator set with a more diverse profile of solo and community staker participants while benefiting from the technology’s inherent benefits such as increased resilience, distribution, and security. The Simple DVT module…

Bitcoin hit a record high above $73,500 about three weeks ago and then quickly retreated to the $61,000 area. It’s since retraced to the current $67,600, giving bulls some hope that new records are imminent. At least one sentiment indicator, though, indicates that the price correction has more room to run. Read the full article here

Staking platform Lido’s share of staked ether (ETH) has continued to fall, which should reduce concerns about concentration in the Ethereum network, raising the chance that ETH won’t be designated as a security in the future, JPMorgan (JPM) said in a research report on Wednesday.“The share of Lido in staked ETH has decreased further from around one third a year ago to around a quarter at the moment,” analysts led by Nikolaos Panigirtzoglou wrote.The Hinman documents, which were released last June, “revealed the role of network decentralization in the SEC’s thinking on whether a digital token should be classified as…

“This is a significant milestone in Coinbase’s journey in Canada,” said Lucas Matheson, the CEO of Coinbase Canada, in a statement. He said the exchange will keep working with Canadian partners “to accelerate the adoption of digital assets, foster economic empowerment, and reshape the financial system.” Read the full article here

It’s possible, facing as much as a $2 billion fine from the U.S. Securities and Exchange Commission (SEC), Ripple is looking for a new, proven revenue source. Garlinghouse is apparently unfazed by the crowded competition, telling CNBC: in the future the stablecoin “market will look different, certainly based on size.” Read the full article here

OneCoin’s co-founders, Bulgarian national Ruja Ignatova and joint U.K. and Swedish citizen Karl Greenwood, promoted the fictitious cryptocurrency – which never existed on any blockchain – through a kind of multi-level marketing scheme, paying initial investors to bring in more investors. By the time OneCoin was revealed to be a scam, an estimated 3.5 million people had fallen victim. Read the full article here

Bitcoin, which had slipped as low as $65,000 overnight, rallied throughout much of the U.S. day, at one point topping $69,000. At press time, the crypto was trading at $68,750, up 4.5% over the past 24 hours. The broader CoinDesk 20 Index was ahead 3.25% over the same period, with ether (ETH) a notable laggard, up just 1.75%. Read the full article here

Naturally, projects that aren’t able to compete with the larger competitors will look to merge their businesses to stay afloat. “The next wave of M&A is likely to occur in sectors where there is a high degree of fragmentation, like Layer 1 chains that didn’t break Top 10, DEXs, DeFi protocols, node operators, and possibly even NFT projects,” said Aki Balogh, co-founder and CEO of DLC.Link Read the full article here

MEV is often called an “invisible tax” on users, since certain methods for extracting it, like sandwich attacks and frontrunning, can eat directly into end-user profits. While MEV is a controversial topic even within the industry, some industry advocates argue that MEV plays a positive role in general since it can help to improve blockchain network efficiency. Read the full article here