Author: Crypto Insider

LayerZero, a cross-chain interoperability protocol, is gearing up for its first token airdrop, but its strategy against token farmers is causing division. The main concern surrounds LayzerZero’s “anti-Sybil strategy.” Sybil activity occurs when a group or individual creates multiple wallets to interact with a protocol in the hopes of qualifying for its airdrop multiple times….

BlackRock’s income and bond-focused funds have bought shares of the asset manager’s own spot Bitcoin exchange-traded fund (ETF) in the first quarter, regulatory filings show. BlackRock’s Strategic Income Opportunities Fund (BSIIX) snapped up $3.56 million worth of the iShares Bitcoin Trust (IBIT) while its Strategic Global Bond Fund (MAWIX) made a $485,000 purchase, according to May 28 Securities and Exchange…

Ether may have an easy-to-explain selling point after all — an option for investors to bet on the future growth of Web3 — after recent doubts about defining Ether neatly to sell the idea of spot Ether exchange-traded funds (ETFs), according to a crypto analyst. “ETH is a tech play on the growth of Web3. A…

The European Union (EU) has been advised to brace for the convergence of blockchain technology and artificial intelligence (AI). The European Blockchain Observatory and Forum (EUBOF) — an initiative of the European Commission — monitored and analyzed blockchain developments across Europe and published a concluding report on May 24. The report, authored by the EUBOF team, highlighted…

Bitcoin dipped 2% on May 28 after wallets labeled as belonging to the collapsed crypto exchange Mt. Gox moved 107,547 BTC worth nearly $7.3 billion to an unknown wallet — with more transactions coming in by the hour. The move is ahead of the defunct crypto exchange’s plan to return BTC holdings to creditors before October. Blockchain…

Bitcoin exchange-traded products — investment vehicles that track the price or provide exposure to BTC — have surpassed 1 million in Bitcoin holdings globally. Since spot Bitcoin ETFs first launched in the United States in mid-January, the 11 ETFs have sucked up 855,619 Bitcoin, accumulating an average of 6,200 BTC per day. According to data shared…