[ad_1] Ethena Labs has integrated Chaos Labs’ data authenticity technology, Edge Proof oracles, to strengthen the risk management framework for its synthetic dollar token USDe. Edge oracles will independently verify the total dollar value of the USDe’s reserves and the reserve coverage of USDe’s supply and confirm that reserves are governance-approved and delta-neutral. Chaos Labs shared the announcement exclusively with CoinDesk. USDe, a synthetic stablecoin, maintains a soft peg with the U.S. dollar through an automated delta-hedging strategy that shorts bitcoin and ether perpetual futures to offset changes in the prices of these cryptocurrencies. The synthetic stablecoin experienced volatility over…
Author: NBTC
[ad_1] Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule: a regulation requiring all cryptocurrency exchanges – custodial and non-custodial, fiat to crypto and crypto to crypto – to effectively subject their users to Know-Your-Customer (KYC) measures. The rule establishes that custody over funds is not necessary to be deemed a broker by the IRS, obliging “DeFi front-end services” to report trading activity via the 1099 tax form to the agency. This includes any developer of “screens, buttons, forms, and other visual elements incorporated in…
[ad_1] Amid the latest Bitcoin correction, highly followed crypto analyst “Titan of Crypto” stresses that the asset is still in a bullish market structure. The crypto market has been in free fall over the past 24 hours amid heightened macroeconomic and geopolitical concerns. Bitcoin has plummeted nearly 11% from Monday, February 24, highs of $96,500 to three-month lows below the $87,000 price point. But amid the panic, one prominent analyst has offered a note of hope. Analyst Teases “Explosive” Bitcoin Move Amid Bitcoin’s correction, highly followed crypto analyst “Titan of Crypto” has stressed that the asset is still in a…
[ad_1] Just a few days after the unpleasant ‘rise and fall’ of LIBRA, a meme coin backed by Argentinian president Javier Milei, another meme coin has triggered discussions in the cryptocurrency market. This time, American rapper, designer, and entrepreneur Ye, formerly known as Kanye West, is the one who is preparing to try his luck in the meme coin sector – which is already a highly saturated market. He was supposed to launch his meme coin, named YZY, on February 20. But the launch was postponed to an undisclosed date. He is facing serious criticisms for his anti-Semitic statements. The…
[ad_1] Sun Xueling, the Minister of Home Affairs in Singapore, warned citizens to avoid crypto in a recent budget hearing. The country has a reputation for industry friendliness, but sophisticated crypto scams are turning some politicians’ opinions. Sun mostly framed her arguments in terms of defending citizens, but other figures were far harsher. In a Monday speech, MP Tan Wu Meng advocated for caning crypto fraudsters. Nonetheless, it may be premature to say the nation is changing policy altogether. Could Singapore Crack Down on Crypto? Over the last few years, Singapore has gathered a reputation for being a particularly crypto-friendly…
[ad_1] Ever seen Bitcoin move so fast it feels like a fever dream? That’s the Bitcoin Banana Zone, the most explosive phase of the crypto market cycle. Bitcoin’s price skyrockets, altcoins go wild, and hype reaches maximum levels. But is this just FOMO-fueled madness, or is there a real pattern behind it? Today, we break down the Bitcoin Banana Chart, explain the Banana Zone, why it happens, and how to trade it like a professional. In this guide: What is the Bitcoin Banana Zone? What is the Bitcoin Banana chart? What is the Banana Zone theory? How to read the…
[ad_1] Vana (VANA) price surged during the early hours of the Asian session on Tuesday in response to reports that YZi Labs (formerly Binance Labs) was investing in the platform. Vana is a pioneering crypto-AI startup focused on data ownership. Its decentralized Layer-1 (L1) blockchain was designed to give users control over their data. YZi Labs Invests in Vana With CZ As Advisor According to BeInCrypto data, the VANA token was up by almost 35% to trade for $8.37 as of this writing. VANA Price Performance. Source: BeInCrypto The surge follows YZi Labs’ decision to invest in Vana, marking its…
[ad_1] The lead prosecutor investigating Argentine President Javier Milei’s alleged participation in a scandal involving LIBRA has requested the freezing of assets related to the case and the recovery of deleted social media posts, including a Milei tweet promoting the Solana-based meme token. Eduardo Taiano also requested detailed records of LIBRA transactions. In a post on the social media platform X last month, Milei promoted LIBRA, which was supposed to help the Argentine economy by funding small businesses and startups, telling his followers that “the world wants to invest in Argentina.” LIBRA, which shot up in value to a market…
[ad_1] While blockchain technology has recently expanded its presence in e-commerce, a new report suggests that the metaverse will boost its market share within the ecosystem. The metaverse is expected to clinch a market valuation of $255 billion by 2033, buoyed by several factors. From $9.5 billion in 2025, the push to $255 billion translates to a compound annual growth rate (CAGR) of 39% over an eight-year period. The metaverse allows users to interact in an immersive virtual world, leveraging next-gen solutions like virtual reality (VR) and augmented reality (AR). Although still in its infancy, metaverse applications have indicated significant…
[ad_1] Bitcoin (BTC) analysts say the decline could continue to $81,000 due to Donald Trump’s tariff statements, ongoing spot ETF outflows, and market uncertainty. The leading cryptocurrency, Bitcoin, lost the $90,000 psychological support level on February 25 and fell to a three-month low of $87,000. How Far Can Bitcoin Fall? Ryan Lee, chief analyst at Bitget Research, said that the decreasing risk appetite of crypto investors is the main reason behind the current sell-off. The analyst warned that continued spot ETF outflows and diminishing risk appetite could further deepen the decline, sending the BTC price as low as $81,000. Lee…