EigenLayer is a protocol that aims to utilize staked Ethereum. Ethereum ETH +0.50% Validators secure third-party protocols through a process called re-staking. It is designed to provide secure services built on top of the framework, and nodes are expected to receive payment for their services.EigenLayer seeks to leverage the economic security provided by Ethereum’s roughly $380 billion market capitalization.Economic security is the value of the financial resources required to take down a network. For example, to compromise the Ethereum network, the largest proof-of-stake chain, an attacker would need to control at least half of the stake value (more than $190…
Author: Crypto Flexs
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A closely watched cryptocurrency analyst says it is time for altcoins to rebound and predicts one blue-chip memecoin will be the main beneficiary. Household name analyst Rekt Capital told his 461,000 followers on social media platform According to his chart, analysts appear to have initially targeted the $315 billion level and ultimately reached previous highs near $425 billion. “Altcoin market caps are still holding support at the $250 billion level and are positioned to advance through the dark path to the upside in the future.” source: Rect Capital/X Looking at specific altcoins, Rekt Capital reports that Dogecoin (DOGE) has officially…
At MicroStrategy’s recent Bitcoin for Enterprise event, Neel Maitra, a partner at Dechert and a seasoned former fintech and cryptocurrency expert at the SEC, discussed the judicial issues currently tying up cryptocurrency regulation, with a special focus on the ongoing Ripple lawsuit. The complexities were explained in depth. . His insights are particularly noteworthy given his extensive background in regulatory and private legal practice, including his time at Sullivan & Cromwell. Ripple Vs. Samsung Electronics ‘inevitable’ second tour? Speaking on the Law and Regulation panel, Maitra discussed various judicial opinions on how to legally classify secondary transactions in cryptocurrencies such…
“Contrary to ASIC’s submissions, the Qoin blockchain, which is a means of acquiring Qoin and a means by which business operators holding Qoin wallets can register as Qoin sellers, is not a component of the mechanism that enables users to: It wasn’t even that. -Payment in cash’ was written on the order form.
In a recent article, Arthur Hayes takes a closer look at the recent market turmoil and its impact on the cryptocurrency industry. He acknowledges the pain suffered by many investors as the cryptocurrency market has been on a downturn since mid-April to date. Hayes dismisses the idea that this downturn will drive away investors, as he believes they will return once Bitcoin begins to trend upward again. Hayes attributes market fluctuations to a number of factors. First, he mentions the US tax season, which often leads to selling pressure as investors seek to realize profits…
British telecom company Vodafone recently unveiled its first-of-its-kind plans to integrate a cryptocurrency wallet into a SIM card. This plan could lead to advancements in smartphone functionality and enable integration with cryptocurrency wallets. Vodafone’s integration of blockchain technology into its mobile phones will transform the fundamental communication capabilities of the devices, resulting in a game-changing change for the company. Vodafone is on a mission to change the reality of smartphones by integrating cryptocurrency wallets and SIM cards. This will drive widespread adoption of blockchain technology by making it easily accessible and usable for everyone. The company’s proactive approach acknowledges the…
London, UK, May 6, 2024, Chainwire GBM Auction (https://gbm.auction), a bid-to-earn auction company, was founded by Dr. Ethereum co-founder and founder of Polkadot and Kusama. We are delighted to announce our historic collaboration event with Gavin Wood. 10th anniversary of the publication of the Ethereum yellow paper and the recent release of the JAM gray white paper. The event will feature three auctions of iconic blockchain memorabilia representing pivotal moments in the world of blockchain technology. The online auction, hosted at https://gavinwood.gbm.auction, is scheduled to start on May 16, 2024, during the ‘Decentralized Lugano’ conference in Switzerland and will run…
Bitcoin (BTC) starts the new week on a bullish note as it returns to $64,000.The impressive comeback has left BTC price action well behind recent lows, gaining nearly $8,000 compared to last week’s sell-off.Although there were some gains over the weekend, they still proved to have strength, and the bears were not so lucky during the Asian trading session on May 6, sending the markets back down.So, the mood is quite different in the second week of May, but already an increase in greed is noticeable.Can Bitcoin and altcoins manage sustainable momentum toward all-time highs?That’s the question traders and analysts…
Avalanches have increased by more than 7% over the past seven days. Despite the price rise, market sentiment surrounding AVAX remained bearish. Unlike most cryptocurrencies, Avalanche (AVAX) The bulls held their ground as the token maintained its upward price trend. In fact, the price reached a critical level that could trigger a rally, allowing for a reversal. Shiba Inu (SHIB) It becomes the 11th largest cryptocurrency. An avalanche just before an explosion. According to CoinMarketCap, the price of AVAX has risen by more than 7% over the past 7 days. In the last 24 hours alone, the value of the…
Messaging giant Telegram has a whopping 900 million users. This surge has a direct impact on the Telegram Open Network (TON), a blockchain designed to operate seamlessly within Telegram. TON has seen impressive growth of 15% in the past week, highlighting its potential to become a mainstream cryptocurrency player. TON price action. Source: Coingecko TON: Attract users with cheap deals The key to TON’s recent success lies in its tight integration with Telegram. Users can ditch the hassle of using a separate cryptocurrency wallet and trade directly through Telegram’s default wallet. This seamless experience, combined with TON’s low-cost trading…