Author: NBTC
The concept of restaking introduces a groundbreaking way for people to utilize their staked cryptocurrency across various protocols simultaneously. This not only boosts reward potential but also significantly enhances the security and scalability of blockchain networks, benefiting the entire crypto ecosystem. Introduction to restaking A common occurrence In the rapidly evolving world of blockchain technology is the development of new mechanisms and protocols that enhance the efficiency and security of existing and future crypto projects. When projects using these new mechanisms or protocols succeed, it is the entire crypto ecosystem that benefits, not just individual projects. One such innovative mechanism…
As the cryptocurrency community eagerly anticipates the upcoming Bitcoin halving event, the words of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, have surfaced, adding intrigue and speculation to the countdown. These statements, believed to have been made by Nakamoto before exiting the social media scene, have sparked renewed interest and reflection on the significance of the halving event. Nakamoto bowed out of the cryptocurrency scene three years after publishing Bitcoin’s white paper and mining the genesis block. On April 23, 2011, he emailed another Bitcoin developer, informing him that he had “moved on to other things.” As the Bitcoin community counts down…
In the not-so-distant past, the realm of online transactions resembled a poorly lit alleyway. Shadows lurked in every corner, and the only guarantee was a gnawing suspicion that something wasn’t quite right. Authorized push payment (APP) fraud, where unwitting victims are hoodwinked into transferring money to fraudsters, thrived in this clandestine environment. Banks, ever the gatekeepers of our financial fortresses, largely washed their hands of the mess, leaving hapless consumers staring at empty accounts and a sickening sense of betrayal. But change, it seems, is afoot across the pond. The British government, in a move that has the payments industry…
Saga and Math Wallet have recently signed a partnership agreement in order to improve the transactional experience and enable easier access to the Saga platform. With this integration progress, users can store Saga tokens easily. In addition to this, this wallet allows users to use their tokens within various dApps. Math Wallet Streamlines Token Use in Saga’s Ecosystem Math Wallet is widely known for its ecosystem, offering various services that facilitate digital assets storage, token transfer, and the use of countless dApps. Integrating the Saga network, Math Wallet allows Saga users to experience the most sophisticated and smooth experience possible…
Amid the turbulent period in the cryptocurrency market, the decline in Bitcoin has made investors nervous before the halving. While the recent decline in Bitcoin prices is thought to be closely linked to the outflows in spot Bitcoin ETFs in the USA, a new post came from Bloomberg analyst Eric Blchunas. Emphasizing that the outflows in BTC ETFs are relatively small at this point, Balchunas stated that the recent outflows are not a reason to be alarmed in Bitcoin. Stating that it is quite normal for the ETF excitement to cool down after the records, the Bloomberg analyst said that…
In an eye-catching turn of events, data from Arkham Intelligence has revealed that an enigmatic whale investor has pulled out a staggering 40.47 billion SHIB, totaling an impressive $1.04 million, from the world’s largest crypto exchange, Binance. The recipient of this substantial transfer is identified as wallet address “0xB4F.” What adds a layer of intrigue to this substantial withdrawal is the historical context. Records indicate that this is not the first colossal movement of SHIB for wallet address “0xB4F.” A mere three months ago, the same address executed a transfer of 5.07 billion SHIB. The source of these tokens was…
India’s markets regulator has suggested that several regulators oversee trade in cryptocurrencies, Reuters reported. The suggestion was made to a government panel tasked with formulating policy for the Finance Ministry to consider. India’s markets regulator has recommended that oversight of cryptocurrency trading should be vested in several authorities, Reuters reported. The Securities and Exchange Board of India’s (SEBI) suggestion was made to a “government panel” tasked with formulating policy for the finance ministry to consider, Reuters said, citing documents. It added that the panel could submit its report by June. SEBI’s position differs from that of the Reserve Bank of…
The Depository Trust and Clearing Corporation (DTCC) has successfully completed the Smart NAV pilot, a collaborative initiative involving ten market participants. This pilot leveraged Chainlink, the cross-chain interoperability platform, to deploy data on-chain and integrate it into various blockchain applications. The Smart NAV pilot represents an important step in the digital transformation of financial services. By using Chainlink, the decentralized oracle network, DTCC ensured secure and efficient transmission of NAV data, a crucial metric for investment funds. This system enabled real-time data dissemination and automation as well as access to historical data. The DTCC led as a “solution governor” in…
Bitcoin could drop to as low as $50,000 over the next few weeks as the macroeconomic uncertainty looms over the crypto market, said Markus Thielen, co-founder of 10x Research. Even the halving, which takes place on Saturday, might not drive the price of bitcoin up as most of the price action after previous cycles was driven by a better macro environment. Bearish signals are looming over the crypto market these days and will almost certainly push prices down in the short term, well-known research analyst Markus Thielen said. Thielen, who has previously predicted many bull and bear rallies in crypto,…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Last November, DEX aggregator KyberSwap was hacked to the tune of $47 million, tanking its protocol and losing the funds of its liquidity providers. In a strange turn of events, the mysterious hacker made an unprecedented request to release the stolen funds only if the entire executive team quit and made him CEO. Unsurprisingly, this demand was rejected, and the hacker began bridging the stolen funds to Ethereum using the Synapse protocol. You might also like: Spot…