For investors, turning bullish on Bitcoin is tempting, especially after a 91% rally to $52,000 in just four months ending on Feb. 15. Bitcoin’s current $1 trillion valuation places it among the world’s top 10 tradable assets and even ahead of the Warren Buffet’s world-famous Berkshire Hathaway, which has an $875 billion market capitalization. The additional 34.5%…
Bankrupt cryptocurrency lender Celsius has announced that most eligible creditors have now collected their liquid crypto distributions from its two distribution agents, payments giant PayPal, and crypto exchange Coinbase. In a recent court filing, Kirkland & Ellis, the legal team representing Celsius, provided an update on the creditor distributions as outlined in the restructuring plan. This…
Ethereum restaking protocol EigenLayer has become the fourth-largest protocol by total value locked (TVL), surpassing cryptocurrency lending protocol JustLend. EigenLayer’s TVL rose 5.73% to $6.99 billion on Feb. 15. The restaking protocol’s TVL is up 47.95% in the past seven days and 307% over the past month, according to data from DefiLlama. EigenLayer’s TVL started rising on…
A much-anticipated airdrop from Ethereum layer-2 scaling solution Starknet may be dominated by airdrop farmers. According to a February 15 report by Yearn Finance developer banteg, 1,854 individuals allegedly renamed or deleted their accounts after a blockchain snapshot was taken for the basis of the Starknet airdrop next Monday. The Starknet Foundation will allocate 700 million STRK tokens out…
It is no longer viable for nation-states to destroy the Bitcoin and Ethereum network via 51% attacks due to the astronomical costs required to do so, according to the latest research from crypto intelligence firm Coin Metrics. A 51% attacks refer to a malicious actor owning more than 51% of the mining hash rate in…
The United Kingdom is moving ahead with its roadmap for a central bank digital currency (CBDC) despite privacy concerns. On Jan. 25, the U.K. government delivered the findings of its digital pound consultation paper laying out the potential risks that a retail CBDC might present. The report said, “Trust is a prerequisite for a digital pound,” but…
316
Views
0 Comments