[ad_1] Ethereum restaking — proposed by middleware protocol EigenLayer — is a controversial innovation over the past year that has some of the brightest minds worried about the potential ramifications.Restaking involves reusing staked or locked-up Ether tokens to earn fees and rewards. The restaked tokens can then help secure and validate other protocols. Proponents believe restaking can squeeze additional security and rewards from already staked ETH and grow the crypto
[ad_1] AdvertismentDubai, UAE, October 18th, 2023, Chainwire OKX, a leading crypto exchange and Web3 technology company, today announced that futures spreads trading volumes on its Liquid Marketplace, a spot OTC, futures spreads and options liquidity network, reached a record monthly high of US$1.54 billion in September 2023. This achievement represents 62%* of the institutional market share for futures spreads for the month. Since the July 2023 launch of Nitro Spreads,
[ad_1] Reddit has said it will soon shutter its long-running, blockchain-based rewards service, “Community Points,” citing scalability concerns.In an official Oct. 17 announcement in the r/CryptoCurrency subreddit, a Reddit team member said that, while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the platform.”The Community Points service, including the special membership feature, will be shut down on Nov. 8. “At
[ad_1] AdvertismentBNB Chain conducted the third quarterly burn of its BNB token so far this year. On this occasion, 2,139,182 units of the BNB cryptocurrency were destroyed, which is equivalent to approximately 500 million dollars. The network makes available to users the address on the blockchain where last quarter’s token burn can be verified. After the removal of… TheBitcoinNews.com – Bitcoin News source since June 2011 – Virtual currency is not legal
[ad_1] The team behind stablecoin TrueUSD (TUSD) announced a potential leak of certain Know Your Customer (KYC) and transaction history data after one of TrueCoin’s third-party vendors was compromised.TrueCoin was the operator of the TUSD stablecoin until July 13, 2023. On Oct. 16, a third-party vendor’s security team informed TrueCoin of “an anomalous account change within [TrueCoin’s] organization made by a compromised support vendor.” As a result, TrueCoin suspects the
[ad_1] Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization.The proposal to sunset Lido on Solana was first put forward by Lido’s peer-to-peer (P2P) team on Sept. 5, citing unsustainable financials and low fees generated by Lido on Solana. Voting commenced on Sept. 29 and finished a week later, on Oct. 6.“After extensive
[ad_1] Stock markets flashed green at the weekly open, and crypto prices followed. [ad_2] Source link
[ad_1] The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However, the Bitcoin (BTC) bulls did not have any such luck as Bitcoin is on track
[ad_1] Top Stories This Week Caroline Ellison wanted to step down but feared a bank run on FTX Caroline Ellison, former CEO of Alameda Research, testified for over 10 hours this week at Sam Bankman-Fried’s trial, offering deeper details on the events that anticipated the FTX debacle in November 2022. From Ellison’s testimony, jurors learned that she planned to leave Alameda months before its collapse, but feared a bank run
[ad_1] Bitcoin (BTC) price is oscillating within an ascending channel, bounded by a resistance at $28,000 and a rising support at approximately $26,750.BTC/USD daily price chart. Source: TradingViewThe flattening BTC price action has accompanied declining volumes and volatility, underscoring a growing bias conflict among traders.Bitcoin network activity plummetsThe duration of Bitcoin’s consolidation coincides with a massive drop in its deposits, withdrawals and overall transactions. Notably, all these metrics increased in
