A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency — a new survey has revealed. Commissioned by crypto exchange Coinbase, the February online survey of more than 2,000 American adults found that 80% of respondents said the “global financial system unfairly favors powerful interests,” while 67% have called for “major changes” or a “complete overhaul” of the financial system. The survey was conducted by business intelligence firm Morning Consult and was aimed at examining the perception of the global financial system and how United States adults and crypto investors …

Smart accounts, enabled by the launch of the new ERC-4337 standard, are now available on Ethereum and are expected to help mainstream adoption by finally making crypto user friendly. Ethereum Foundation security researcher Yoav Weiss made the surprise announcement at WalletCon in Denver that the core contracts for ERC-4337 — known by blockchain developers as “account abstraction” — have passed an audit by Open Zeppelin and will be made available on every Ethereum Virtual Machine (EVM) compatible network including Polygon, Optimism, Arbitrum, BNB Smart Chain, Avalanche and Gnosis Chain. New users will no longer need to learn about complicated seed …

Robinhood Markets has confirmed that it had received an investigative subpoena from the United States Securities Exchange Commission (SEC) over its digital asset business' crypto listings, custody and platform operations. In a 10-K filing, the brokerage said it received the investigative subpoena in December shortly after crypto exchange FTX filed for bankruptcy in November, and after "several other major cryptocurrency trading venues and lending platforms earlier in 2022," including Three Arrows Capital, Voyager Digital Holdings and Celsius Network. The investigative subpoena was in relation to its cryptocurrency listings and custody services, which they said came in response to the crypto …

Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of The Sandbox. According to the announcement, the fund will focus on supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology. The fund has already invested in over 100 startups, including Altered State Machine, Splinterlands, GRID, Krayon and Magna. In an interview …

Nonfungible tokens (NFTs) have grown into a distinct sector within the blockchain industry, but they still have to address several challenges before aiming for mass adoption. One of the key issues of the space has to do with data accessibility, or mostly, the lack of it. Unlike the broader crypto industry, the NFT market is still in its infancy, and there are relatively few resources available for tracking NFT collections, exploring detailed statistics and analyzing market trends. To begin with, the NFT market lacks standardized data formats and metadata. This can make it difficult for NFT buyers and sellers to …

Cointelegraph is proud to announce its partnership with Phaver, a mobile Web3 social application with over 140,000 monthly users. The partnership will provide daily Cointelegraph content to Phaver users and others across applications built on the Lens protocol. Cointelegraph, the world’s largest crypto media platform, is a strong believer in the emergence of Web3 social media applications. The partnership with Cointelegraph is a major milestone for Phaver and the Lens Protocol, both of which have been on a mission to develop and grow Web3 alternatives to current social media platforms. It’s also a significant step for Cointelegraph, which believes in …

Coinbase will suspend trading for Binance USD (BUSD) stablecoin on March 13, the exchange announced Feb. 27 on Twitter. The message mentioned “listing standards” as it announced its decision. The decision will apply to Coinbase.com (simple and advanced), Coinbase Pro, Coinbase Exchange, and Coinbase Prime, according to the tweet thread. The exchange added, "Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time." A Coinbase spokesperson told Cointelegraph: “Our determination to suspend trading for BUSD is based on our own internal monitoring and review processes. When reviewing …

As the Solana network suffered another setback, crypto community members went on social media to express various concerns, even comparing the blockchain to other projects like Ethereum and Bitcoin. On Feb. 25, the Solana network faced performance degradation issues, resulting in transaction disruptions, leading validators to opt for a network restart. Seemingly tired of the same old story, members of the community expressed themselves on Twitter, with some even questioning Solana’s (SOL) rank as a top cryptocurrency. Amid the network issues, nonfungible token (NFT) artist Crypto Tea raised a question on how the Solana blockchain made it to the top …

Liquid staking protocol Lido Finance has pushed the big red button in order to activate a protocol safety feature called "Staking Rate Limit" after more than 150,000 Ether was staked with the protocol in a single day. Lido is a liquid staking solution for digital assets, in this case allowing users to stake Ether (ETH) without them needing to have their tokens locked. When a user deposits Ether, Lido issues them a liquid variant of ETH, known as staked ETH (stETH), giving users staking rewards for each day the tokens are held in their wallets. Lido protocol has registered its …

Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is a stagnating firm. Kano resigned in 2019 following a series of management disputes but is now determined to reinvigorate the crypto firm and lead it toward an Initial Public Offering (IPO) in the coming months, according to a Feb. 26 report by Bloomberg. The former CEO also said he also wants to put Japan back on the map in the world of cryptocurrency. “I will make it capable …

Ukraine has received over $70 million in the form of cryptocurrencies since the start of the Russian-Ukrainian conflict, providing the nation with military equipment and humanitarian assistance. The figures came from a Feb. 24 report by blockchain data platform Chainalysis, which found the majority of the funds to have come in the form of Ether (ETH) and Bitcoin (BTC). ETH donors led the way with $28.9 million given, while donors of BTC and Tether (USDT) chipped in $22.8 million and $11.59 million respectively. Donations have also come in the form of nonfungible tokens (NFTs), such as UkraineDAO’s auction of a …

Creating an information technology (IT) strategy is essential for any business that wants to stay competitive in today’s digital world. An effective IT strategy can help you leverage technology to improve efficiency, productivity and profitability. This article explains six steps to create an IT strategy for your business. Step 1: Define your business goals Setting up a clear definition of your business goals is the first step in developing an IT strategy. Business owners must comprehend their company’s goals and how IT may help them achieve them. For instance, if increasing income is one of your company’s goals, you might …