Author: NBTC
Eigen Layer, a leading restaking protocol on Ethereum (ETH), saw at least $351 million worth of capital ooze out in the last 24 hours. The drop follows shocking revelations about the protocol’s airdrop policy, with EigenLayer coming to its own defense. EigenLayer Airdrop Policy Controversy Users on X (formerly Twitter) were abuzz on Thursday following reports that Eigen Labs extorts millions of dollars in airdrop tokens from projects looking to launch protocols on their platform, EigenLayer. Renzo, AltLayer, and ether.fi are reportedly among the projects affected by an arrangement where portions of their new tokens are set aside as a…
Essential plans to offer an “intent-centric, declarative approach,” which differs from traditional blockchain in that it leverages users’ “intents” – constraints that express desired outcomes. User intents are solved off-chain by a network of solvers in order to reduce on-chain computation. Blockchain project Essential has raised $11 million in Series A funding led by Archetype and with participation from several other high-profile investors. Essential’s aim is to offer an “intent-centric, declarative approach.” This differs from traditional blockchain in that it leverages users’ “intents” for desired outcomes rather than usual transaction-based interactions where users must specify exact instructions, according to an…
Bitfinex has entered into a memorandum of understanding (MOU) with Komainu Connect, a regulated custodian backed by Ledger, to offer a secure and liquid trading environment for institutional investors, according to a Thursday press release. The collaboration is exploring a new remote custody solution to enable seamless asset transfers between custody and exchange. The companies said they’ve adopted Ledger Tradelink technology for off-exchange trading and settlement. “Our collaboration with Komainu Connect reflects our commitment to expanding secure trading options for our customers and provides an additional layer of security for institutional investors by allowing them to leverage Komainu’s regulated custody…
Aptos, an L1 PoS blockchain, has recently announced a new landmark by breaking the former record for the maximum number of transactions per second. The new recording-breaking TPS level of Aptos denotes the platform’s current commitment to improving blockchain scalability and efficiency, establishing exclusive standards in the market. The blockchain claims it reached 4,070 transactions per second. The platform took to its official social media account to disclose this achievement. Another day, another milestone unlocked with Aptos breaking its record for highest TPS 🔓🏆Check it out: https://t.co/b1jEkHsiX1 pic.twitter.com/yjmTvXvton — Aptos (@Aptos) August 15, 2024 Aptos Witnesses Another Landmark Development with…
Spot Bitcoin (BTC) exchange-traded fund (ETF) outflows continued as the week started. Consequently, the total net inflows of the investment products in the U.S. dropped below the $15 billion mark. According to data provided by Farside Investors, spot Bitcoin ETFs recorded a net outflow of $145.9 million on Jun. 17. Most of the outflows came from the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB), worth $92 million and $50 million, respectively. Moreover, the VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (GBTC) also had smaller shares of $3.8 million and $3 million in outflows, respectively.…
Tether Operations Limited is investing $3 million in Kem, a money transfer and financial management app. The investment aims to introduce the stablecoin Tether USD (USDT) on Kem’s platform, driving crypto adoption in the Middle East. The Middle East and North Africa (MENA) region is the sixth-largest crypto economy globally, with $389.8 billion in on-chain value received between July 2022 and June 2023. This represents 7.2% of global transaction volume during this period. The investment targets improved economic conditions in Kuwait, Bahrain, Saudi Arabia, Qatar, and Iraq. Expatriates in these regions could benefit from USDT and accessible financial services, addressing…
Singer-songwriter Jason Derulo got into an online spat with crypto bros this weekend over whether his crypto token is a scam. “$JASON to a billy,” Derulo tweeted late Saturday, predicting that the value of the Solana-based meme coin inspired by the celebrity would skyrocket. Despite rallying by many multiples in its opening week, the token has since plunged 80% from its June 27 peak, including another 21% on Monday. JASON wasn’t originally launched by Derulo, but was deployed on Pump.fun, a Solana-based marketplace that claims to prevent rugpulls “by making sure that all created tokens are safe,” with “no presale…
OKX announced that it will list three new tokens (ARKM, PIXEL, and BOOME) on its spot trading market and trading of these assets will begin on August 15, 2024. OKX to List ARKM, PIXEL and BOOME for Spot Trading The schedule for deposits and withdrawals is as follows: Deposits for ARKM, PIXEL and BOOME will be available starting at 05:00 on August 15, 2024. Withdrawals for these tokens will begin on August 16, 2024 at 13:00. The transaction schedule is detailed below: ARKM Call Tender: Between 08:00 – 09:00 on 15 August 2024. ARKM/USDT Spot Trading: Opens at 09:00 on…
Schnorr signatures represent a cutting-edge digital signature scheme that offers significant improvements in efficiency, privacy, and security compared to traditional signature algorithms. Developed by renowned cryptographer Claus Schnorr in 1989 with methods published in 1991, these signatures have recently gained prominence for their potential to enhance blockchain networks and other cryptographic systems. At their core, Schnorr signatures utilize elliptic curve cryptography to generate compact, efficient signatures that can be easily verified. The key innovation of Schnorr signatures lies in their ability to allow multiple signatures to be aggregated into a single signature, enabling substantial space savings and privacy benefits. This…
Samson Mow, a renowned Bitcoin maximalist and CEO at the Jan3, took to his official account at the X social media platform to make another stunning Bitcoin prediction. Mow, once again tweeted that he definitely expects Bitcoin to reach $1 million per unit. “I know Bitcoin is going to $1.0 million” Samson Mow is a well-known Bitcoin maxi for his predictions of the flagship cryptocurrency reaching $1 million in the long-term. This year Mow doubled down on his prediction, anticipating the fourth Bitcoin halving that took place in the second half of April. Prior to that, when in January the…