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xDAI Stake  


STAKE Price:
All Time High:
Market Cap:

Circulating Supply:
Total Supply:
Max Supply:


The price of #STAKE today is $0.54 USD.

The lowest STAKE price for this period was $0, the highest was $0.536, and the exact current price of one STAKE crypto coin is $0.53562.

The all-time high STAKE coin price was $43.50.

Use our custom price calculator to see the hypothetical price of STAKE with market cap of BTC or other crypto coins.


The code for xDAI Stake crypto currency is #STAKE.

xDAI Stake is 4.9 years old.


The current market capitalization for xDAI Stake is not available at this time.

xDAI Stake is ranked #2057 out of all coins, by market cap (and other factors).


The trading volume is very weak today for #STAKE.

Today's 24-hour trading volume across all exchanges for xDAI Stake is $90.00.


The total supply of STAKE is 8,537,500 coins.

Note the limited supply of xDAI Stake coins which adds to rarity of this cryptocurrency and increases perceived market value.


STAKE is available on several crypto currency exchanges.

View #STAKE trading pairs and crypto exchanges that currently support #STAKE purchase.


Note that there are multiple coins that share the code #STAKE, and you can view them on our STAKE disambiguation page.



What’s going on with DXdao’s Accessible Governance Framework DAVI?

DAOn the Governance Rabbit Hole with DXdao’s truly decentralized on-chain governance framework to govern your DAO. — With a long on-chain history dating back to 2019, DXdao places the utmost importance on autonomous on-chain governance. DAOs that are able to utilize on-chain tools and actionable proposals are able to harness the full extent of their autonomy. We view this as a crucial step in advancing decentralization in the DAO space. That is why we are so excited to share the developments we have made in building out the mechanisms needed by DAOs to do just that! Over the past few years DXdao has been building two very unique on-chain governance mechanisms, DXdao Guilds and Gov 2.0. Guilds is a flexible token governance mechanism with the ability to do liquid token staking or soulbound token governance. Guilds was designed for the purpose of spinning out DXdao products, soon to be Swapr, into self governing protocols. Gov 2.0 will be a hybrid of our current soulbond token governance, REP, and liquid token staking voting, DXD. Each token will be weighted accordingly through a New Voting Power Equation. A user interface was one of the components needed for both these governance systems. The DXgov team recognized that complex on-chain activity can be challenging and overwhelming for non-technical users. They realized they needed an interface that presented the various aspects of on-chain governance in an easy to use ...

DXdao Restructures and Refocuses

The downturn of the markets in early 2022 marked a time for introspection. By turning inwards, DXdao reassessed its current position and future objectives. After a period of forum discussions and community calls, DXdao passed on-chain the multi-phase DXdao Restructuring and Refocus proposal. The aim of this proposal was two-fold: first, to ensure the DAO was prepared to endure a prolonged bear market; and second, to upgrade its operational and governance structure. The magnitude of this undertaking was the reason for a three phase process. From the quickest and least controversial in Phase 1 to the more complex and contentious to resolve in Phase 3, issues were separated in escalating order of significance. To clarify the DAOs overarching goals and exactly how to tackle them, the process has focused on open discussion, consensus, and shared commitment. The DAO started with the path of least resistance, Phase 1, moving quickly to tighten the budget and ensure a healthy runway in the event of an extended down market. — Phase 1: Low Hanging Fruit - Phase 1 Imaging Aptly named “Low Hanging Fruit”, Phase 1 represented issues that could be expedited as they were fast and agreeable. With the added bonus of yielding immediate benefits for the DAO, Phase 1 quickly passed through the governance process and the following actions were promptly implemented: Disengagement from contractors. Disengaging from contractors yielded i...

DXdao’s New DXD Token Model

TL;DR, In the new DXdao ecosystem, DXD will get its value from DXdao’s treasury, which will grow from product revenue and its investments into decentralized technologies.DXD Token Model Est. 2022 In August 2022, DXdao launched the DXD Token Working Group to draft a sustainable, long-term model for DXD. The working group researched and compared multiple existing models, methods, and options and landed on the following three-pronged approach: Introduce four new tools in the DXD Monetary Policy Framework that will enable a fair and liquid market for DXD., Establish a DXD Monetary Policy Committee., Continue to fund product development and other initiatives that further DXdao’s core mission to enable community freedom., To further simplify and answer the question, “Why is DXD valuable?”, the Working Group affirmed: DXD gets its value from DXdao’s treasury, which grows from product revenue and its investments into decentralized technologies. What this means for your average DXD holder is direct alignment with DXdao’s activities and access to the underlying assets of the treasury. With these new financial instruments, DXD holders are supported with access to unlimited liquidity and now have the option to either realize the returns on their earlier investments or see continued growth as they remain in support of the DAO. Choices, is what the new DXD token model means for your average DXD Holder. One key short-term dev...

Pushing DeFi Boundaries:  Swapr Integrates with CoW Limit Orders

Pushing DeFi Boundaries: Swapr Integrates with CoW Limit Orders - Pushing the bounds of decentralized trading, Swapr has integrated with CoW Protocol Limit Orders. Coupled with Swapr’s decentralized front end, this integration gives users access to the most secure and comprehensive Limit Order offering on the market today. Beside giving users all the usual benefits, what really sets CoW Limit orders apart is its ability to provide users with an additional 4 distinct features: Unlimited order management — you can set and cancel as many orders as you want without paying any gas fees., Unlimited order placement — using the same crypto balance, place as many orders as you want. You also have the option to keep them active for up to a year and your orders only stop filling once the sell token limit has been reached., Surplus-capturing — by leveraging its batch settlement Coincidence of Wants, CoW is able to capture favorable price movements between the time orders are sent and the time they are settled on-chain, with the upside of these favorable price movements benefiting users., MEV protection — synonymous with CoW Protocol, MEV stands for Maximal/Maximum Extractable Value. It refers to the maximum value that can be extracted from block production in excess of the standard block reward and gas fees by including, excluding, and changing the order of transactions in a block. MEV harms participants by, ...

DXdao’s 2022 Year in Review

The Holiday Recap. — Coming off the boom of 2021, 2022 started strong and looked like it was going to be another record-breaker. “Not quite” is probably a bit of an understatement, but let’s not delve too deep into the dark depths of despair now (lol). Especially on the eve of the end-of-year holidays, and let’s instead take the “glass is half full” approach to ring in 2023! At the beginning of 2022, participating as a sponsor, DXdao headed off to ETHDenver. With COVID-19 travel restrictions easing, it was a full house with contributors coming from around the globe. DXdao was strongly represented on stage, with Sky Minert discussing Future Proofing DAOs while Chris Powers Rocked the Boat to Better Governance. It was clear that DXdao’s soulbound-based governance still offers one of the best alternatives to regular liquid ERC20 token governance. Our stance on decentralization was rock solid then but undisputable now at the end of the year. ETHDenver was a momentous occasion with a robust DXdao presence, albeit a frosty February in Colorado.DXdao Sponsorship Booth at ETHDenver DXdao again acted as a sponsor at DAOist’s GGG22 in ETHAmsterdam and descended on the cycling capital of the world, determined to continue its efforts in DAO education. Punting privacy and shilling decentralized sovereignty Chris Powers highlighted the sovereignty that DXdao has and employs over its products. He specifically focused ...

Pro Trading View comes to Swapr’s Eco Router

Updated 2023.01.11 Making its debut in the latest Swapr release is the Pro Trading View. This is bound to ​​add a whole new dimension to your Swapr trades and we are very excited to tell you all about it. We realize this feature is a little more niche in character, but can assure you that the PTV (Pro Trading View) is something everyone can use, even if it is just for interest’s sake. For those less familiar with advanced trading tools, we have taken the liberty of compiling this short informational post to point out the basics and get you started. We also realize there will be users that have no intention or interest of ever using the PTV. Rest assured if you happen to be one of them. This view will not be active by default and it will still be the same Swapr UI you have come to love and trust. For those users wishing to take advantage of the PTV it will be accessible after you have navigated to Swapr and activated it with the toggle, at the top right of the SwapBox by clicking [PRO]. To turn off the PTV, click [OFF]. — The Pro Trading View - Swapr Pro Trading View While this preview does not do the real view justice, it is sufficient to give you an idea of what to expect from the Pro Trading View. There will be a wealth of information at your fingertips and a host of customizations for you to explore. Let’s get straight to it and show you what informational sections are available and where to find the custo...

Pro Trading View comes to Swapr’s Eco Router.

Updated 2023.01.11 Making its debut in the latest Swapr release is the Pro Trading View. This is bound to ​​add a whole new dimension to your Swapr trades and we are very excited to tell you all about it. We realize this feature is a little more niche in character, but can assure you that the PTV (Pro Trading View) is something everyone can use, even if it is just for interest’s sake. For those less familiar with advanced trading tools, we have taken the liberty of compiling this short informational post to point out the basics and get you started. We also realize there will be users that have no intention or interest of ever using the PTV. Rest assured if you happen to be one of them. This view will not be active by default and it will still be the same Swapr UI you have come to love and trust. For those users wishing to take advantage of the PTV it will be accessible after you have navigated to Swapr and activated it on the toggle at the top right of the SwapBox. — The Pro Trading View - Swapr Pro TradingView While this preview does not do the real view justice, it is sufficient to give you an idea of what to expect from the Pro Trading View. There will be a wealth of information at your fingertips and a host of customizations for you to explore. Let’s get straight to it and show you what informational sections are available and where to find the customization menus. Once the Pro Trading View is visible, the...

DXdao Month in Review | November 2022

November has been a busy month for DXdao, with Phase 2 of the Restructuring and Refocus initiative taking center stage. In tandem with this, the DXD Token Working Group has been hard at work hammering out a new path forward to establish long-term value accrual of the DXD token. Contributors have been firing on all cylinders to implement these new structures and things are well on their way. — Restructuring and Refocus - On November 7th, DXdao passed the “Restructuring and Refocus | Phase 2 signal proposal. This proposal formally established “Enable Community Freedom’’ as DXdao’s overarching vision and called for 4 additional actionable items that would significantly alter the operational structure of DXdao. First and Foremost of these four was the requirement to shift from individual contributor proposals to a more focused and measurable six-month, squad based, budgetary structure.Phase 2 Imaging Squads have been very busy clarifying what they aim to accomplish (objectives) and what milestones they will need to meet (key results) in order to achieve these objectives. What started as a discussion around individual squad budgets has evolved into the formation of Guilds. We have seen smaller squads merge to form a larger overarching Guild, such as the Operations Guild and the DXgov Product Guild. The Guilds will be established on DXdao’s latest governance product, Project DAVI. A Decentralised Autonomous Vot...

Full MEV Protection from CoW Protocol within Swapr’s Eco Router.

A fully decentralized front end integration for the CoW Protocol on Gnosis Chain and Mainnet.. — In July, Swapr integrated with CoW Protocol. Since this integration, users have been enjoying the option to choose MEV protected trades right from within the Swapr front end through the Eco Router. This integration is a gigantic leap forward for traders and a monumental win for decentralization! Let’s dive into the details to see what MEV is and how you are protected against it and why we are so excited. — What is MEV? - While this explanation is rather rudimentary, it lays out the basics for an understanding of how MEV works, the disadvantages you could experience and also how it could threaten decentralization. If you want to take a deeper dive into MEV, you can find some more reading on the subject here. MEV stands for Maximal/Maximum Extractable Value (it used to stand for Miner Extractable Value during the Ethereum Proof of Work days). It refers to the maximum value that can be extracted from block production in excess of the standard block reward and gas fees by including, excluding, and changing the order of transactions in a block. — What does this mean?. — For all on chain activity, there is a delay from the time a transaction is sent to the network and when it is actually mined and then enters and affects the market. These transactions that are received and “waiting” to be mined, enter ...

The Eco Router — Effortlessly Combining Safety and Best Value Trading!

The Eco Router — Effortlessly Combining Safety and Best Value Trading! - The Eco Router Recent events in crypto reinforce the need for non-custodial financial services. Users want to be able to trade at the best price without giving up control of their assets or sacrificing their privacy. What if we told you that Swapr gives you the safety of a decentralized front end and makes getting the best value trades totally effortless? With Swapr’s Eco Router you get quotes from several of the most prominent and liquid front ends on the market today, with no extra fees and without ever having to leave Swapr’s front end! We would say it, but someone already beat us to it… “Now that is magic!”“The ideas behind developing the Eco Router were convenience and safety.” — Convenience - “How do I get the most for my swap?” is a question we heard a lot. Another concern that was at the top of the priority list was one of “Saving time”. Users confirmed that going to different front ends, gathering prices from each and then putting that information together to make a decision on which one offered the best value deal, took an enormous amount of time. For most users, by the time the information was aggregated, a lot of it was already redundant. As you can imagine, this led to a lot of frustration and sub-standard trades. It confirmed to us that users are primarily interested in getting the best possible value fo...


Blackrock Increases Stake In Silvergate To 7.2%

    BlackRock, a global investment company managing over $10 trillion of assets as of January 2022, has increased its stake in Silvergate Bank, a crypto-friendly bank, to 7.2%, according to a filing with the United States Securities and Exchange Commission (SEC) on January 31 shows. Silvergate Share Price Rising Following the announcement, Silvergate Bank's stock prices rose by around 10.8% to session highs of over $13.50. However, the stock is still down over 87% from 2021 peaks. BlackRock reveals that it owns 2,285,197 SI shares, an increase over the past two years. Records showed that BlackRock bought more shares, pushing their stake from 1,144,811 shares, or 6.10%, as of February 2021 to 1,871,537 shares, or 6.30%, in February 2022. By early last year, top venture capitals, including Vanguard Group Inc, held positions in Silvergate. However, the largest shareholder was PARNX - Parnassus Fund Investor Shares, which had 9,938,796 shares, representing a 31.45% stake in the bank.  Per their huge holding, based on February 2022 information, Parnassus appeared to be bullish on crypto's long-term prospects. Still, parallel data shows that Parnassus' products with crypto exposure via their Silvergate only represented 2% of their total assets by the close of 2022. Turbulence In Crypto Despite institutions' confidence in crypto and some of the industry's infrastructure providers, falling crypto prices and Fear, Uncertainty, and Doubt (FUD) following ... read More

SkyBridge Capital to Buy Back the Stake it Sold to FTX, Says Scaramucci

    The Founder of SkyBridge Capital - Anthony Scaramucci - said his company could buy back the major stake it previously sold to the bankrupt cryptocurrency exchange FTX in the next few months. He also alleged the platform and its former CEO - Sam Bankman-Fried (SBF) - of committing fraud. The FTX Case Will Resolve Itself 'Favorably' In a recent interview for CNBC, Scaramucci raised hopes that SkyBridge Capital could purchase back the 30% stake it sold to FTX in the following months. This will happen once the relevant participants outline all details around the trading venue's demise: 'We're waiting for the clearance from the bankruptcy people, the lawyers, and the investment bankers to figure out exactly what we're going to be buying back and when.' Anthony Scaramucci, Source: CNBC SkyBridge, which had to cope with some severe issues due to the bear market, pledged to use part of the capital ($40 million) generated from selling the stake to FTX to pay old investors and reinforce its balance sheet. The former White House official also maintained for the first time that SBF's actions resemble blatant fraud. 'I think it's very clear now that there was a fraud. We'll, of course, have to let the legal system determine all of those things,' he said during his latest appearance.  Initially, Scaramucci said he felt 'distressed' about FTX's collapse but refused to describe the event as a 'fraud.' He opined that the regulators are the ones to determine the nature of the crash while... read More

Report: Fanatics to Sell 60% of Candy Digital Stake Amid Struggling NFT ...

    Fanatics, the retailer specializing in licensed sports merchandise, is divesting 60% of its stake in the non-fungible token (NFT) company Candy Digital, according to reports. The company is selling its Candy Digital stake to an investor group associated with billionaire Mike Novogratz and his firm, Galaxy Digital.Report Says Sports Retail Giant Fanatics to Sell Majority of Candy Digital Stake After a rough 2022 in the non-fungible token (NFT) industry, licensed sports merchandise firm Fanatics has decided to sell 60% of its Candy Digital shares, according to a CNBC report published on Jan. 4, 2023. CNBC obtained an internal email citing Fanatics CEO Michael Rubin. “Divesting our ownership stake at this time allowed us to ensure investors were able to recoup most of their investment via cash or additional shares in Fanatics – a favorable outcome for investors, especially in an imploding NFT market that has seen precipitous drops in both transaction volumes and prices for standalone NFTs,” the email allegedly written by Rubin details. The news of Fanatics dropping 60% of its stake in Candy follows the NFT company reportedly laying off over a third of its staff at the end of Nov. 2022, according to multiple people familiar with the situation. The founder and executive chairman of Fanatics further detailed that the decision to sell its Candy shares was a 'rather straightforward and easy decision for us to make for several reasons.' “Over the past year, it... read More

Elon Musk Confirms Bankman-Fried Owns 0% of Twitter Dismissing Reports C...

    Tesla CEO and Twitter chief Elon Musk has clarified that Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, does not own any stake in Twitter. This followed an article published by a Bankman-Fried-backed publication suggesting that Musk took $100 million from the former FTX executive.Elon Musk on SBF's Alleged Investment in Twitter Elon Musk has clarified that Sam Bankman-Fried (SBF), FTX's co-founder and former CEO, currently owns 0% of Twitter. The confirmation followed an article published Wednesday by Bankman-Fried-backed publication Semafor indicating that SBF owns a $100 million stake in the social media platform. The article claimed to have obtained a private text message between Musk and Bankman-Fried as proof of the stake. Semafor debuted on Oct 18, just a few weeks before the FTX meltdown began. The crypto exchange filed for Chapter 11 bankruptcy on Nov. 11 and SBF stepped down as the CEO. Musk tweeted Wednesday: 'Semafor is owned by SBF. This is a massive conflict of interest in your reporting.' Responding to an editor of the publication insisting that he took money from SBF, Musk tweeted: As I said, neither I nor Twitter have taken any investment from SBF/FTX. Your article is a lie. The editor of the SBF-backed publication tweeted the text message in question Thursday. In the text message, Bankman-Fried claimed to have over $100 million in Twitter (TWTR) shares that he would like 'to roll' if possible. Musk responded with a standard reply he gave to a... read More

MakerDAO Invests Hefty Amount Becoming The Largest Stake Holder In USDC

    The extended bearish trend caused panic and massive sell-offs in the crypto space. But it seems that the industry still records progressive moves. For example, a recent report shows a new partnership between Coinbase and MakerDAO. This collaboration aims to become the largest USDC holder. The world's largest crypto exchange Coinbase announced the partnership. According to the announcement, MakerDAO, the lending protocol, and Coinbase Prime, an institutional client of the exchange, will custody a total of $1.6 billion USD Coins. Also, the report disclosed that the partners would earn 1.5% returns from the assets. Before agreeing to this collaboration, MakerDAO protocol conducted a vote which gained 75% support for the proposal. Coinbase Excited About USDC Holding According to the reports, Coinbase is excited about this move. The reason is that stablecoins have seen a boost in recognition recently. As a result, investors now rely on these assets to protect the value of their investments. When other crypto prices fluctuate sporadically, stablecoins remain stable without depegging. Cases of depegs have been recorded in the past. But they only occurred on specific occasions, such as the general market crash of 2022. Due to the nature of these cryptos, many investors see them as an essential part of future finance. For a stablecoin such as USDC, the goal is to become the number one, overtaking USDT in market cap. As a result, it has continued to gain, covering the gap between its ... read More

Here's Why Coinbase CEO Brian Armstrong Wants to Sell 2% of His Company ...

    The CEO of the US-based crypto giant said he wants to sell 2% of his entire stake in the company throughout the next several months. His intentions are to use that capital to fund some scientific research and companies. Armstrong took it to Twitter to inform the community about his decision, which is based on his desire to help accelerate science and tech to 'help solve some of the biggest challenges in the world.' As such, he will sell 2% of his Coinbase holdings over the next 12 months to fund companies like NewLimit and ResearchHub. The former says it's working towards 'radical extension of human healthspan using epigenetic reprogramming' and is followed by Armstrong, as well as SkyBridge Capital's Anthony Scaramucci. The latter is focused on 'accelerating the pace of science by rewarding the open sharing and discussion of academic research.' Aside from Coinbase's CEO, its Twitter follower list includes Tron's Justin Sun. Despite planning to sell a small portion of his company holdings, Armstrong said he intends to be the chief executive 'for a very long time' and remains 'super bullish on crypto and Coinbase.' This is somewhat contrasting to the current trends in the industry, as many execs stepped down in the past few months, including Kraken's CEO. For the avoidance of doubt, I intend to be CEO of Coinbase for a very long time and I remain super bullish on crypto and Coinbase. I’m fully dedicated to growing our business and advancing our mission, but I am also ... read More

Report: Hong Kong-Based Asset Management Firm Acquires Controlling Stake...

    Li Lin's controlling stake in Huobi, one of Asia's largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi's acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited the Chinese market.Lin's Arrest in 2020 a Key Event for the Huobi Founder The Hong Kong-based asset management company, About Capital Management, recently became the biggest shareholder in the crypto exchange Huobi after it acquired founder Li Lin's stake in the firm. The Asian crypto exchange's acquisition by the 'secretive' asset management firm has put an end to rumors suggesting that Sam Bankman-Fried's FTX, Binance, and Justin Sun were interested in buying, or had already bought, Huobi. According to a Wublockchain report, following his arrest in 2020 by local law enforcement, Lin hinted he wanted to quit the Chinese market. 'Without Huobi, everyone still has Binance and Okx. If you are disappointed, I'm sorry,' Lin reportedly said in a post shared via Wechat. Huobi Encountered More Problems After Exiting the Chinese Market After initially blocking Chinese residents from the platform in 2021, Huobi - which has licenses to operate in the United States, Hong Kong, South Korea, and Japan - proceeded to exit its biggest market in 2022. Nevertheless, the troubles that the crypto exchange encountered after it exited the Chinese market may have forced Lin to consider leaving the crypto exchange business compl... read More

Crypto Lender Nexo Acquires Stake in US Chartered Bank

    Leading cryptocurrency lender Nexo has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its subsidiary federally chartered bank Summit National Bank, regulated under the US Office of the Comptroller of the Currency.  The deal will allow the crypto lender, which has around $4 billion in assets under management, to further scale its financial product offerings across the US crypto market and strengthen its foothold in the region.  Nexo to Offer Crypto Services to US Customers  Under the acquisition agreement, Nexo will offer retail and institutional customers in the US a broad range of services, including opening bank accounts, asset-backed loans, and card programs. The company will also provide users with escrow and custodial solutions through Summit National Bank infrastructure. In return, the US chartered bank will leverage Nexo's experience and position as one of the leading lenders in the crypto industry to bridge the gap between traditional finance and Web 3. The bank will benefit from Nexo's complete suite of products and services to satisfy customers' needs as it migrates to a modern financial institution.   The new collaboration aligns with the bank's mission to reinvent itself and its offerings to join the emerging economy as a regulated financial institution in the United States.  Summit National Bank was established in 1984 with four branches in Montana and Idaho.  'We are excited to be partnering with Nexo as we combine Summit... read More

Ethereum Blockchain Migrates to Proof of Stake After Completion of The M...

    The Ethereum blockchain officially migrated to the proof-of-stake (PoS) consensus mechanism as the anticipated 'Merge' finally occurred around block height 15537391 on September 15. The protocol's co-founder Vitalik Buterin has described The Merge as 'a big moment for the Ethereum ecosystem.'ETH Merges on September 15 as Predicted After months of waiting and tension, The Merge - the Ethereum blockchain's much-anticipated migration to a proof-of-stake (PoS) consensus mechanism - has happened. As some players in the space, including one of the protocol's co-founders Vitalik Buterin had hoped, The Merge occurred on September 15 around block height 15537391 at around 2:42:42 a.m. ET. In his reaction following The Merge, Buterin tweeted: And we finalized! Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today. In terms of the network's hashrate, data shows that it dropped from over 807 TH/s (terahash per second) 24 hours earlier to just under 750 TH/s minutes after the event. Compared with the week before the migration, the hash rate appeared not to have plummeted by as much as 50% as predicted. While Ethereum ceased to be a proof-of-work (PoW) blockchain immediately after The Merge, not all miners went along with the decision to migrate. As previously reported by News, miners opposed to The Merge are expected to continue mining other assets such as ETHW, as well as already established P... read More

The Merge is Official: Ethereum's Transition to Proof of Stake Now Compl...

    What was arguably the most highly-anticipated event in the cryptocurrency space over the past few years is now complete. Ethereum's proof-of-work mainnet officially merged with the proof-of-stake Beacon Chain, marking the official transition of the entire protocol to PoS. The Merge is Official The Paris upgrade, which is more commonly referred to as 'the Merge,' just went through at a Total Terminal Difficulty of 58750000000000000000000. This marked the official transition of Ethereum from a proof-of-work consensus algorithm to one that's governed by proof-of-stake. It's also introducing entirely different token emission dynamics and tokenomics to the protocol that are expected to have considerable long-term effects on the entire ecosystem. The Merge itself marks the consolidation of the consensus layer (formerly the Beacon Chain) and the execution layer (formerly the PoW chain). Perhaps one of the impacts with the most significant economic implications for ETH holders is the fact that mining is officially halted. This will reduce the emission of fresh ETH to the market by some 90%, essentially reducing the amount of money needed to support current prices substantially. Even though the Merge is now complete, it's important to note that there's still a long road ahead for Ethereum to fulfill the vision of its team. What's Next? The promise of Ethereum's transition to Proof-of-Stake is one that exceeds reduced ETH emissions and is more focused on optimizing the network for grea... read More

FTX Ventures to Acquire 30% Stake in Anthony Scaramucci's SkyBridge (Rep...

    After the market turmoil that brought massive pain to numerous crypto-related companies, FTX continues to channel money into such entities. The latest one in which the SBF-spearheaded organization will acquire a large stake is SkyBridge Capital. According to a CNBC report from earlier on September 9, FTX Ventures will take a 30% stake in SkyBridge Capital. The leaders of the two entities - Sam Bankman-Fried and Anthony Scaramucci, are set to provide further details on the deal later today. SkyBridge will reportedly use a portion of the funds (around $40 million) to pay old investors and strengthen its balance sheet. The firm began struggling due to its substantial exposure to the cryptocurrency industry after the market sank a few months ago. As such, its flagship fund, as well as other company products, saw a significant investor exodus, as reported before. SkyBridge also had to pause withdrawals for one fund that actually had exposure to FTX. Scaramucci later admitted that going so big on bitcoin and the entire industry could have been a short-term mistake. FTX, on the other hand, has been on a buying/investing spree in the past few months, offering to acquire portions in many of the struggling companies, such as BlockFi and Voyager Digital. The post FTX Ventures to Acquire 30% Stake in Anthony Scaramucci's SkyBridge (Report) appeared first on CryptoPotato. read More

Huobi's Founder Looking to Sell His Stake in the Company for $3 Billion ...

    The founder of the cryptocurrency exchange Huobi Group - Leon Li - is said to be in talks with numerous investors regarding selling his majority stake in the firm for nearly $3 billion. Some of those in discussion with him are supposedly Justin Sun and Sam Bankman-Fried. As reported by Bloomberg, the Chinese crypto mogul Leon Li seeks to sell his stake in Huobi, which represents 60% of the entity he established nearly ten years ago. According to people familiar with the matter, Li has informed major financial backers of his firm, including ZhenFund and Sequoia China, about his decision. The deal (which is expected to range between $2 billion and $3 billion) could be signed as soon as the end of August. A spokesman confirmed Li's intentions, saying: He hopes that the new shareholders will be more powerful and resourceful and that they will value the Huobi brand and invest more capital and energy to drive the growth of Huobi. Prominent names in the sector, such as Justin Sun and Sam Bankman-Fried, are rumored to be some of the potential buyers. However, Sun said he had not discussed the deal with Li, while an FTX spokesperson declined to comment. A separate report released a month ago also hinted at Li's intentions to sell his stake in the trading venue. Back then, many joked that Sam Bankman-Fried had the best chances to ink an agreement with Huobi's executive since FTX had been on a shopping spree during the bear market. Huobi Group is among the leading crypto exchange wor... read More

Report: Huobi to Start Layoffs That Could 'Exceed 30%'&mdash...

    According to the Chinese journalist Colin Wu, otherwise known as 'Wu Blockchain,' the cryptocurrency company Huobi may lay off 30% of the firm's staff due to 'a sharp drop in revenue.' Furthermore, the reporter claims that Huobi's co-founder Leon Li is reportedly looking to sell a large stake in the digital assets company.Colin Wu Reports Layoffs Are Coming to Huobi and the Alleged Sale of 50% Stake On June 28, 2022, Colin Wu, the local cryptocurrency and blockchain journalist from China, explained that Huobi 'will start layoffs, which may exceed 30%.' Layoffs have been plaguing the crypto industry as companies like Blockfi, Coinbase, Gemini, Bitso, Buenbit, Rain Financial, Bybit, and 2TM have let employees go. The crypto winter and volatile markets have been the main reason why executives have decided to cut workforce numbers. Wu detailed that 'the main reason' why Huobi is laying off staff is because of 'the sharp drop in revenue after the removal of all Chinese users.' However, there has been no official announcement about such actions stemming from official Huobi sources. A company spokesperson did explain to Coindesk reporter Oliver Knight on June 28, that Huobi is in the process of reviewing the firm's policies. 'Due to the current market environment, Huobi Global is in the process of reviewing both its hiring policies and its current manpower, with the goal of re-aligning them to its operational needs. Further to such review, layoffs are a possibility,' the Huobi repr... read More

Huobi's Founder Li Lin Reportedly Looking to Sell His Stake

    New reports claimed that Li Lin is aiming for an exit from the company he helped found years ago. The executive owns a majority stake at Huobi, with over 50%. The blockchain journalist Colin Wu took it to Twitter earlier today to inform that Lin has decided to liquidate his majority stake in the cryptocurrency exchange, indicating that he “currently holds more than 50% of the shares.” EXCLUSIVE: Huobi founder Li Lin is looking to sell his stake in Huobi. Li Lin currently holds more than 50% of the shares. The second largest shareholder of Huobi is Sequoia China. Huobi’s revenue plummeted after it wiped out all Chinese users and is laying off staff. — Wu Blockchain (@WuBlockchain) July 1, 2022 Huobi is among the largest digital asset trading platforms and was well-positioned within the top three in terms of volume and user base until recently. Wu even said that Huobi was the second-most profitable exchange last year, with over $1 billion in profits. However, the firm experienced severe drawbacks last year when the Chinese clampdown forced it to close shop, which harmed its revenue massively. The market-wide corrections in the past eight months or so have not helped either. As previously reported, Huobi joined other crypto exchanges, such as Coinbase, CryptoCom, Bybit, etc., and said it will lay off a significant portion of its employees. According to Wu, the Chinese branch of Sequoia is the second-largest shareholder of Huob... read More

FTX Reportedly Planning to Acquire a Stake in BlockFi

    Major cryptocurrency exchange FTX is looking to purchase a stake in struggling digital asset lender BlockFi, shortly after the latter received a $250 million revolving credit from the SBF-spearheaded company. According to a report by the Wall Street Journal, anonymous sources revealed that talks between FTX and BlockFi were still ongoing, and no decision has been made. As recently reported by CryptoPotato, BlockFi CEO Zac Prince revealed that the crypto lender took a revolving credit worth $250 million from Sam Bankman-Fried's FTX. Prince further said: 'This agreement also unlocks future collaboration and innovation between BlockFi & FTX as we work to accelerate prosperity worldwide through crypto financial services. This is a significant step forward in our commitment to the strength and accessibility of crypto markets.' The BlockFi head later explained that the credit facility from FTX was both an 'offensive and defensive move,' adding that the funds will be used to safeguard clients' funds. Before the loan, BlockFi reduced its workforce by 20% in response to the bearish cryptocurrency market. Meanwhile, billionaire Sam Bankman-Fried, also known as SBF, and his companies have offered bailouts to crypto companies affected by the market pullback. Quantitative cryptocurrency trading firm Alameda Research issued a loan worth over $500 million in cash, USDC, and bitcoin to Voyager Digital. SBF earlier suggested that major cryptocurrency firms should step in to help 'stem co... read More

Ethereum Proof of Stake Merge Goes Live on Ropsten Testnet 

    The Ropsten testnet – Ethereum’s longest-running testnet – implemented the long-awaited “Merge” with the Beacon chain on Wednesday. The upgrade brings Ethereum one step closer to its long-awaited change to a proof of stake consensus mechanism. Ropsten allows for development and testing before changes are implemented on the Ethereum mainnet. “The Merge” will be the most significant upgrade ever undergone by Ethereum. The testnet is identical to Ethereum’s mainnet, but doesn't put any real funds at risk. Ethereum core developer Terence Tsao first announced that the configuration for Ropsten’s beacon chain had been merged on May 18th. Client releases began on May 30th, with the full testnet transition slated for today. The Bellatrix upgrade then successfully launched on June 2nd, as the final upgrade necessary before the full Ropsten merge. As of 16:09 UST on Wednesday, Ropsten’s proof of work chain reached a terminal total difficulty above 50 quadrillion, and stopped importing blocks on that chain segment. “Terminal Total Difficulty” refers to a pre-determined difficulty value at which the merge needed to take place. After that, proof of stake validators began creating blocks on a continuous chain built from the former proof of work history. Proof of stake is expected to make Ethereum a more energy-efficient blockchain, while also lowering transaction fees substantially. At the moment, high transaction fee... read More

Twitter Shares Soared as Musk Increased his Personal Stake in the Deal

    The CEO of Tesla and SpaceX - Elon Musk - increased his personal financial commitment to the Twitter acquisition to $33.5 billion. The initiative moved the entrepreneur closer to purchasing the social media platform and its shares jumped by over 6% after hours. Getting Closer to a Deal Last month, one of the most influential people of our time - Elon Musk - purchased over 70,000,000 Twitter shares (9.2% of the company's stake). Shortly after, he revealed intentions to buy the social media giant and transform it into a private company. The billionaire argued that Twitter has 'extraordinary potential,' and he can help 'unlock it.' At the end of April, the firm accepted Musk's $44 billion offer to privatize it. However, earlier this month, Tesla's CEO put the deal on hold due to certain issues that need to be solved before officially shaking hands. He insisted that Twitter removes all fake accounts and does its best against scams that sometimes occur on the platform. And while both ends have been relatively quiet on the matter in the past few weeks, a new filing disclosed that the deal might be getting closer to a conclusion. Musk increased his personal financial commitment for the acquisition to $33.5 billion while also securing an additional $6.25 billion in equity financing. Twitter's stocks reacted positively to the news, spiking by over 6% after hours. Later on, it declined slightly and is currently nearly 4% up from the day before. It is worth noting that the previous news... read More

FTX's Sam Bankman-Fried Buys 7.6% Stake in Robinhood, HOOD Surges ...

    Sam Bankman-Fried, the CEO of leading crypto exchange FTX, has purchased a 7.6% stake in the online trading platform Robinhood. According to a Thursday filing with the US Securities and Exchange Commission (SEC), the billionaire’s shares are worth $648 million, purchased at an average price of $11.52. Of note, the deal involved Emergent Fidelity Technologies and Robinhood. Bankman-Fried is the sole director and majority owner of the former. Following the news, Robinhood (HOOD) stock spiked 36% in the after-hours trading session. The price later retracted and was up 24% as of reporting time, MarketWatch shows. Just before the announcement, the firm’s shares were trading at an all-time low of $7.73. Compared to HOOD’s IPO price of July 2021, this is an over 75% shave-off. Bankman-Fried’s acquisition has, therefore, brought some relief to Robinhood’s investors. SBF Acquires Stake in Robinhood Per the filing with the US regulator, Bankman-Fried bought a stake in Robinhood because he regards it as an “attractive investment.” Robinhood, through its communications team, echoed this statement in a tweet reading: “Of course, we think it is an attractive investment too.” Additionally, the document goes on to say that the shares are an “investment.” As such, the Bankman-Fried does not plan on “changing or influencing” Robinhood. The document, however, clarifies that he will, time and again, “engage in di... read More

What To Stake in 2022: Zilliqa Blockchain in figures

    Citing the official crypto developers' resource, CoinDesk reported that the Ethereum Foundation has rescheduled the transition to the Proof-Of-Stake consensus algorithm. The Eth1 and Eth2 networks merger with the subsequent abandonment of mining as a means of transaction validation was planned for late 2021 - early 2022. Now, the developers aim to implement Proof-Of-Stake between Q1 to Q2 2022. Thus, miners receive extra time to withdraw profit from their GPU, which can adversely affect the availability of GPUs in retail. However, staking enthusiasts shouldn't just sit around waiting for this big day. Moreover, this is not the first time Buterin's team has postponed it. Meantime, we offer one up-and-coming project - Zilliqa. It is one of the fastest-growing blockchains worldwide that offers its users DeFi and the simplest way to create user-friendly dApps. This is an open and transparent platform with marketplaces where users can mint items and turn them into unchangeable and tamper-proof NFTs. Zilliqa embraces Metapolis, a groundbreaking metaverse-as-a-service (MaaS) platform built on the top of Zilliqa blockchain. The Zilliqa blockchain is safe and secure. It was developed by the brightest minds and experienced people in the industry. The platform offers lower transaction fees and developer-friendly smart contract language. Its consensus protocol was designed with sustainability in mind. As the network grows, the transaction capacity increases too. As the Zilliqa blockchain... read More

Tesla CEO Elon Musk Takes Stake in Twitter — Analyst Says It Could...

    Tesla CEO Elon Musk has taken a stake in Twitter Inc. after stating that he is 'giving serious thought' to building a new social media platform - one that prioritizes free speech. An analyst says this could eventually lead to a buyout. Elon Musk's Stake in Twitter Tesla and Spacex CEO Elon Musk disclosed that he has taken a 9.2% stake in Twitter Inc. in a filing with the U.S. Securities and Exchange Commission (SEC) Monday. The Elon Musk Revocable Trust, for which the Tesla boss is the sole trustee, now holds 73,486,938 shares of Twitter, the SEC filing details, adding that this amount represents 9.2% of Twitter's common stock, based on 800,641,166 shares outstanding as of Feb. 10. The stake is worth $2.89 billion, based on Twitter's closing price on Friday. Musk's investment in the social media giant came a little over a week after he said he is 'giving serious thought' to creating a new social media platform that would focus on free speech as a top priority. Musk, a frequent user of Twitter, also set up a poll on the platform asking his 80 million followers whether they believed Twitter rigorously adheres to the free speech principle. The Tesla boss hinted that the consequences of the poll 'will be important.' Over two million votes were counted and 70.4% said no. With the 9.2% stake, Musk has become Twitter's biggest shareholder. By comparison, Twitter founder Jack Dorsey, who stepped down as the CEO of the company last year, holds a 2.25% stake. While Musk's investment i... read More

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