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0 CommentsEmerging Ethereum restaking protocol Karak’s total value locked (TVL) rose over 25% in the past week to over $440 million, and industry experts believe it could start eating into EigenLayer’s market share. Following the disappointment around the EigenLayer airdrop, Karak has a “good chance” of become the next big restaking protocol, according to Anndy Lian,…
Ethereum co-founder Vitalik Buterin has discussed a new cryptographic proving system that aims to achieve greater efficiency for zero-knowledge proofs. In a blog post on April 29, Buterin explained a system for highly efficient cryptographic proofs over binary fields called “Binius,” which aims to deliver significant performance gains over traditional proof systems such as zk-SNARKs. Binius aims…
The cryptocurrency industry could reach its first billion users by the end of 2025, according to Bitcoin analyst Willy Woo. Woo wrote in an April 29 X post: “On track for 1 BILLION crypto users by the end of 2025. An extrapolation of many independent prior studies in this chart. Binance estimates that 65% of…
Users who felt left out of the recently announced Eigenlayer airdrop have lashed out at the restaking protocol’s Monday announcement — highlighting its non-transferable token structure, aggressive geo-restrictions, and an apparently short snapshot period. Eigenlayer — the second largest protocol with $15.67 billion in total value locked (TVL) — unveiled the specifics of its long-expected…
Although Dubai’s Virtual Assets Regulatory Authority (VARA) has deployed comprehensive requirements for the crypto space, professionals working in licensing believe that the lengthy process is worth it. Cointelegraph contacted crypto licensing executives working in Dubai to get their thoughts on the local licensing process and laws. Tao Xiao, managing partner of business consulting firm NH…
The United States’ arguments to forge ahead on its case against crypto mixer Tornado Cash and developer Roman Storm show a “disdain for privacy” and include a few “egregious statements,” says DeFi Education Fund legal chief Amanda Tuminelli. The Department of Justice on April 26 opposed Storm’s motion to dismiss conspiracy and money laundering charges which Tuminelli…
