Ethereum developer teams have been hard at work preparing for Ethereum 2.0, the proof-of-stake platform designed to make the blockchain's transactions faster, cheaper, and less energy-intensive. But while ETH2 isn't ready totally yet, its first major testnet is, providing the public with a look into how the network may soon function.
Polkadot Launches Parachains that Improve Scalability
This weekend, Polkadot achieved a new milestone in its roadmap for increasing the scalability of its network. The first parachains managed by Acala Network, Moonbeam, Parallel Finance, Astar, and Clover became active on the Polkadot network. A parachain is a kind of individual, sovereign blockchain running on top of Polkadot.
Shiba Inu ($SHIB) Becomes Third Most-Used Token on Ethereum Over Last 7 Days
Meme-inspired cryptocurrency Shiba Inu became the third most used token in the Ethereum network after the two largest stablecoins USDT and USDC, as its investors became more active even during this period when the negative price movement prevailed.
Digital Asset Investment Products See First Outflows in 17 Weeks
According to the report by Coinshares, digital asset investment products saw outflows totaling $142m for the week ending on December 17th. This was the first release after 17 weeks of inflows. The previous largest outflow was in June 2021, when weekly outflows totaled $97 million.
Banks Offering Crypto Requires Global Regime, Says BoE Official
An increasing number of lending institutions worldwide offering crypto trading and custody services to their customers requires a comprehensive regime to protect the global financial system, according to BoE executive director for financial strategy and risk, Sarah Breeden.
Grayscale Bitcoin Trust Hits Record Discount of 21.3%
Grayscale’s major product GBTC has registered a record discount. At last week's end, the price of one GBTC share was $34.42, which is 21.3% lower than its underlying value. The increasing discount on GBTC may hint at weakening institutional interest in the asset class.
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