Author: NBTC
Leading cryptocurrency exchange, Coinbase has released a new report delving into the restaking trends in Ethereum. The report, authored by analysts David Han and David Duong, explores how restaking could reshape validator incentives, potentially unlocking new opportunities and introducing complex risks. Coinbase analysts explain why restaking has emerged as a major theme within the crypto industry. Ethereum’s switch to proof-of-stake (PoS) has created a vast pool of staked ETH, far outpacing the requirements for network security. However, the introduction of restaking, particularly through liquid restaking tokens (LRTs), brings to the forefront both opportunities and risks for validators and the broader…
GK8, which was acquired by Galaxy Digital just over a year ago, has entered the tokenization sector with a self-custody offering. The company offers a patented flavor of cold storage, a process of creating, signing and sending messages to the blockchain without ever being connected to the internet. The first client to use the Tokenization Wizard will be a partnership between asset manager DWS, Flow Traders and Galaxy itself to manage a fully collateralized euro-denominated stablecoin. GK8, the crypto currency custody firm acquired by Galaxy Digital just over a year ago, has introduced Tokenization Wizard, a platform for building blockchain-based…
Franklin Templeton’s recent study explores the close bond between meme coins and their respective blockchains, including Solana and Ethereum. According to recent research shared via social media, meme coins, despite their lack of inherent value, play a significant role in the network activity of native blockchains. The study pointed to Dogecoin (DOGE) and BONK as prime examples of how these digital assets can influence and reflect the health of their platforms. The Value Between Meme Coins and Their Native Networks pic.twitter.com/LYjQ5HvXHp — Franklin Templeton Digital Assets (@FTI_DA) March 13, 2024 Franklin Templeton on DOGE and Solana As detailed in Franklin…
Ark Invest CEO Cathie Wood called bitcoin (BTC) a “financial super highway,” emphasizing the important use cases for the cryptocurrency in emerging markets. Wood, whose Ark Invest recently became one of the issuers of a spot bitcoin exchange-traded fund (ETF), ARKB, said the asset manager is focused on emerging markets and the macro environment worldwide, which has been “shocked” by the U.S. Federal Reserve’s increase in interest rates, she said during a fireside chat at the Friday Bitcoin Investor Day conference in New York. “There are signals that not all is well in the world,” she said about countries like…
Vitalik Buterin, the pioneering co-founder of Ethereum, has unveiled the next phase in the blockchain’s evolution, known as the Purge. This initiative aims to streamline the network’s architecture, enhancing usability while reducing the burden on nodes. A pivotal element of this phase is the enhancement of EIP-6780, introduced in the recent Dencun hard fork. This improvement, by refining the SELFDESTRUCT opcode, promises to bolster security and simplify protocol application. Buterin highlights the significance of such updates in making Ethereum more accessible and secure by eliminating redundancies and reinforcing security protocols. Snap | Source: X (Formerly Twitter) Further advancements include the…
Project Agorá will investigate how tokenized commercial bank deposits can be integrated with tokenized wholesale central bank money and seek to build a usable solution. The project, announced by the Bank for International Settlements, brings together seven central banks from the U.K., Japan, Korea, Mexico, Switzerland, New York and Europe. A global group of central banks is exploring how tokenization can be used to improve existing financial systems with a new project, the Bank for International Settlements (BIS) announced Wednesday. The BIS represents 63 of the world’s central banks and is running an array of projects on the issuance of…
The price of XRP dropped even lower as market participants spotted a potential move from Ripple to sell millions worth of the crypto asset. After reaching a new high around $0.74 on March 12, XRP’s price met strong resistance, pushing it lower to the $0.67 level. However, buyers gained the upper hand, helping prices recover as high as $0.7 in the space of a few hours. Nonetheless, market participants appeared to have been spooked into another sale following a large transaction associated with Ripple. 🚨 🚨 🚨 🚨 140,000,000 #XRP (95,001,964 USD) transferred from #Ripple to unknown wallethttps://t.co/FoN72t2vUE — Whale…
The sizzling summer heat is just the tip of the melting iceberg when it comes to Paraguay’s crypto conundrum. As temperatures soar and air conditioners run at full throttle, the country’s power grid is on the ropes, struggling to keep the lights on amidst a surge in electricity demand. The hot weather isn’t the only thing that’s straining the system, however. The government says illegal crypto mining farms have been guzzling gigawatts like there’s no mañana. To tackle this, a group of Paraguayan lawmakers have introduced a bill to temporarily slow down the power-hungry crypto mining industry by pausing all…
Bitcoin is notable for its volatile price movements and growing acceptance among mainstream investors. But convincing the world’s sovereign wealth funds of the advantages of investing in Bitcoin remains a challenge, according to one analyst. In early March, rumors spread that Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), could potentially invest in the BTC market. This speculation emerged when it was reported that one of the private jets of the Emir of Qatar landed on the island of Madeira for the Bitcoin Atlantis conference. But Fadi Aboualfa, director of research at Copper, questioned the likelihood of any sovereign…
Ethereum (ETH) price dipped to its 2-week low at $3.2K within the last 24-hour window. ETH’s 30-day realized volatility experiences a drop from 79% to 76%. This largest altcoin records a fear and greed index of 56, emphasizing greed. Ethereum (ETH), the world’s second dominantly valued cryptocurrency, fumbles down to its lowest point of $3,202 in a fortnight. At the moment, the question, “Will ETH slide further to $3K?” still hangs in the air. ETH 4H Price Chart (Source: TradingView) As per the price chart, ETH/USDT is trapped in a downtrend with a bearish MA (moving average) cross-over — the…