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Trading volumes on the Ukrainian crypto exchange Kuna have shrunk 90% since March 2023 due to government policies, the CEO said. The government of Ukraine has recently approached the local cryptocurrency industry with a new request to provide certain financial information.  The National Bank of Ukraine (NBU) had demanded four local crypto firms — Kuna, CoinPay, GEO Pay and Qmall — to provide financial statements for the first two quarters of 2023. The NBU has demanded the crypto businesses to provide the financials within seven days. Kuna exchange founder and CEO Michael Chobanyan shared the news about the latest NBU’s request on July 3, citing a document distributed by the Ukrainian Telegram news channel “Politics of the country.” The National Bank of Ukraine’s document that was sent to local crypto exchanges. Source: Telegram According to the document, the NBU also demanded the crypto businesses to provide data on operating volumes as well as information about reception and ...

With advances in scaling and interoperability, cryptocurrencies are more ready than ever for widespread adoption. With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payment s. Crypto payments at scale are currently prevented by regulation, lack of understanding and mass adoption, as well as digital assets being used primarily for investment purposes. For starters, Satoshi Nakamoto’s original concept was steeped in the idea of peer-to-peer digital cash — that’s exactly what appears in the title of his 2008 Bitcoin white paper. Despite the initial excitement and deep conviction surrounding this pioneering system since its inception, the core idea quietly slipped through the cracks as our focus shifted to cryptocurrency as an investment. The often-expressed nostalgia for the famous white paper became overshadowed by this unintentional dev...

The Ethereum mainnet briefly stopped finalizing transactions but recovered after 25 minutes. An unidentified issue on Ethereum’s Beacon Chain led to a halt in transactions for nearly half an hour on May 11.  Around 8:15pm on Thursday May 11, a number of Ethereum core developers announced that the Beacon Chain was having issues with confirming transactions. New blocks were able to be proposed but an unknown issue was preventing them from being finalized. The beacon chain stopped finalizing about thirty minutes ago. I don't know why yet, but in general the chain is designed to be resilient against this, transactions will continue as usual and finalization will kick in when the problem is resolved. pic.twitter.com/utAS0uAWpG — superphiz.eth ️ (@superphiz) May 11, 2023 A similar issue occurred on March 15, where low validator participation rates caused a delay on the Goerli testnet version of Ethereum's "Shapella" upgrade, which was successfully executed on April 12. ...