Ethereum layer-2s aren’t just about scaling — they’re also a rallying point for “subcultures” that grow the Ethereum ecosystem more than the single chain could do alone, says Vitalik Buterin, one of the creators of Ethereum. In a May 29 blog post on Buterin’s self-hosted blog, the Ethereum co-founder examined the benefits of layer-2 blockchains outside of…
PayPal’s PYUSD stablecoin, which was recently deployed on Solana, will offer “confidential transfers” as an additional feature. On May 29, payments platform PayPal announced that it had deployed its dollar-pegged stablecoin on Solana, having only previously been available on Ethereum. One notable extension initialized for PYUSD is “confidential transfers,” which will allow merchants to “provide confidentiality for…
Ethereum, the world’s second-largest blockchain network, is expected to be the focus of the next spot crypto exchange-traded fund, but it might have a sales pitch problem. While Ethereum has been described as “the internet of money,” a “world computer,” and “digital oil” in the past — some worry that Ethereum doesn’t have an elevator…
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…
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