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The new legislation aims to protect crypto investors from disputes, manipulation or fraud potentially stemming from transactions occuring off-chain. A new bill in the United States aims to require cryptocurrency service providers to report all blockchain transactions to a government repository. On Sept. 28, U.S. Democrat Representative Don Beyer introduced the “Off-Chain Digital Commodity Transaction Reporting Act,” requiring trading platforms to report all transactions to a repository registered with the Commodity Futures Trading Commission (CFTC). The new legislation aims to protect cryptocurrency investors from disputes, manipulation or fraud potentially stemming from transaction s occurring off -chain , or transaction s that take place beyond the blockchain network. Unlike on -chain transaction s, off -chain crypto transaction s are not instantly logged on a blockchain but are processed through secondary layers, thus creating some difficulties in being tracked. With the emergenc...

What are the current trends in VC investment in the crypto sector, and when will the bear market finally end? In May, Bitcoin ( BTC ) posted its first monthly loss since December 2022 with a negative 6.98% . However, this consolidation was not obviously driven by a change in fundamentals or the broader macroeconomic environment. The crypto market was looking for direction and liquidity in this phase before the United States Federal Reserve announced a pause on the rate hiking cycle in June.  Many indicators, such as the futures market and VC investment, point to an optimistic underlying sentiment. But while traditional markets and tech stocks were able to continue their rally in May, actual price action in the crypto market remained suppressed and took some time to spring from its woodworks. The report is available for free on the Cointelegraph Research Terminal. For those keen to gain a deeper understanding of the crypto space’s various sectors and their fundamental trends, Coint...

Balancer, a leading decentralized finance platform, acted swiftly after discovering a critical vulnerability affecting several V2 pools. The Balancer team unveiled the issue on Aug. 22 at 3:52 PM UST. It warned the community of a threat to their funds . Although a significant part of the Total Value Locked (TVL) was secure d, an estimated $5.6 million remains at risk. Balancer has received a critical vulnerability report affecting a number of V2 Pools. Emergency mitigation procedures have been executed to secure a majority of TVL, but some funds remain at risk. Users are advised to withdraw affected LPs immediately.https://t.co/PDzX32gqeS pic.twitter.com/F1f649Wz3L — Balancer (@Balancer) August 22, 2023 As a precautionary measure, Balancer paused several pools, including Mainnet, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zkEVM. The pauses are in effect until further notice, and users holding liquidity in the affected Liquidity Pools (LPs) are urged to act s...

Marathon Digital also noted that the decrease in transaction fees for June was not a cause for concern, highlighting that Bitcoin Ordinals had provided a boost in the previous month. Bitcoin mining company Marathon Digital has linked the recent slump in its total amount of Bitcoin's (BTC) mined in June to the weather conditions in Texas and a drop in transaction fees. According to a July 5 statement, Marathon Digital experienced a “21%" decline in June for the total amount of Bitcoin mined compared to the previous month of May.  The primary reason cited for the decline of production in June – which saw 979 Bitcoin produced throughout the month – was the impact of the weather conditions in Texas, where Marathon's main operations are located.  It's worth noting that June marks the transition from spring to summer in Texas. “The decreased production relative to last month was due to weather-related curtailment in Texas and a significant decrease in transaction fees.” ...

According to blockchain analytics firm CryptoQuant, OKX has the largest clean asset reserves of all the major exchanges. Crypto exchange OKX disclosed $7.5 billion in reserves of Bitcoin (BTC), Ether (ETH) and Tether (USDT) as part of its monthly proof-of-reserves (PoR) report. Based on data from blockchain analytics firm CryptoQuant, OKX claims to have the “largest clean asset reserves among major exchanges.” OKX claims to maintain 1:1 reserves, which would mean means the company’s on-chain assets 100% match the customer‘s balances. The report shows current reserve ratios of 105% for BTC, 105% for ETH and 101% for USDT. The term “clean” is used in proof s of reserve s to describe crypto asset s that do not include an exchange's platform tokens and are purely made up of high-market-capitalization crypto asset s, such as BTC, ETH and USDT. CryptoQuant monitors PoRs across the industry. A clean reserve is defined by the firm as: “A clean reserve is the total reserve of each exchange...