BitVM has recently come under some scrutiny after Taproot Wizards Tyler and Rijndael posted criticism of the liquidity requirements imposed on BitVM-based two-way peg operators. In all the recent discussions about BitVM-based layer 2 solutions, I’ve taken for granted that people discussing them and interested in the design space understand the collateral/liquidity requirements that the architecture imposes on operators. Recent discussion of the “liquidity crisis” issue shows that I was wrong about this assumption and that many people outside of those actively involved in BitVM development were unaware of this issue. Before addressing the issue of liquidity crisis, I think…
Author: Crypto Flexs
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The Hong Kong Securities and Futures Commission is reportedly ready to approve a spot Bitcoin exchange-traded fund, signaling a major breakthrough for the Hong Kong cryptocurrency market. Tencent News, citing multiple sources close to the Hong Kong Securities and Futures Commission, said the city is preparing to approve the region’s first spot Bitcoin ETF by April 15. According to reports, Hong Kong regulators initially planned to approve only four spot Bitcoin ETFs in the first batch. However, recent changes have shown that at least two applications do not meet Hong Kong’s cryptocurrency asset management requirements. It remains unclear when and…
“He spent his clients’ money and lied about it. Where did that money go? It was used to pay for investments, repay loans, cover expenses, buy real estate and make political donations,” Roos said. last year. At the sentencing hearing, he went further: “The fact that Mr. Bankman-Fried spent his money on investments other than sports cars and all the things you would expect of a typical greedy person does not make him non-greedy or anything like that.” Expresses the motivation of greed. The fact that he has seemingly altruistic ambitions does not make him unambitious and is not his…
Etherfi continues to lead the liquid re-staking market with over 1.07 million ETH under management, equivalent to approximately $3.8 billion in user deposits.Etherfi allows users to access re-staking yields through EigenLayer, highlighting its role in a growing niche market.Liquid re-staking has grown significantly this year, driven by increased deposits from EigenLayer, which seeks to leverage ETH deposits to power third-party protocols. This will ultimately increase the total value locked in LRT and Etherfi will hold a significant portion of this value.While Etherfi leads the way in liquid re-staking, other protocols also contribute significantly to the market. According to The Block’s…
Clearstream recently became part of the European Central Bank (ECB) trial to explore DLT for funds settlement. They are the only repository participating in the first phase of the clinical trial. These tests are carried out in the current context of the development of a digitally driven euro. Digital post-trade mechanism D7 is enhanced by the potential of distributed ledger technology for tokenized securities. Clearstream is an entity of the Deutsche Borse Group that engages in trading business. Clearstream is proud to participate in innovative initiatives with leading business organizations, infrastructure and banking consortia. They are a leading DLT marketplace…
Blockchain security startup CertiK said Telegram’s desktop application poses risks to use due to its media auto-download feature, but the social network disputed the claim. CertiK has warned the cryptocurrency community about high-risk vulnerabilities in images and videos sent on Telegram’s private messaging app. Users were advised to turn off automatic download settings to mitigate the attack, but the security provider did not explain how it reached this conclusion. #CertiKInsight ⚠️We discovered a high-risk vulnerability in the wild.Check your Telegram configuration to increase security!👇👇👇👇👇A possible RCE has been detected in Telegram media processing in the Telegram Desktop application.This issue exposes…
Worldcoin, a digital identity verification project led by OpenAI CEO Sam Altman, has introduced improvements to personal data protection and age verification, including permanent iris code removal and direct age verification. Worldcoin (WLD), an innovative digital identity and cryptocurrency project led by Sam Altman, is taking important steps to improve personal data protection and age verification measures. The goal of these updates is to enhance user privacy and ensure that the Platform is accessible only to individuals 18 years of age or older. Enhanced privacy protection One of the major updates introduced by Worldcoin is the ability for World ID…
A top cryptocurrency strategist who has been playing altcoin calls at the right time recently believes that one Ethereum (ETH) challenger is close to printing a local bottom. Pseudonymous analyst Bluntz told his 254,000 followers on social media platform X that he is bullish on Solana (SOL). According to the top trader, he saw Solana hit bottom at around 0.0025 BTC ($179.57) against Bitcoin (SOL/BTC), sparking a new uptrend. “I think SOL/BTC is almost at the bottom. To get five C’s, you just have to sweep out this lowest score at the end of each hour.” source: Blunts/X Bluntz practices…
Celo, a low-fee, utility-focused blockchain, has approved the use of Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal states that this feature will simplify the trading experience for users who only need to hold USDT stablecoin in their wallet to move value using Celo’s network. Celo passes governance proposal to enable USDT (…)
Share this article Google Cloud has launched the EigenLayer mainnet node operator, marking a milestone for the re-staking protocol and ecosystem.Sam Padilla, Web3 product manager and node operator at Google Cloud, announced the successful launch of the company’s EigenLayer mainnet operator at X (formerly Twitter). I’m happy to share that with you. @googlecloud The Eigen Layer mainnet operator is live! congratulations @eigenlayer Team for successful mainnet launch. Excited for what’s to come! https://t.co/4wcotltiBu — Sam Padilla (@theSamPadilla) April 9, 2024The move follows Google Cloud’s previous participation in EigenLayer’s ‘Operator Working Group’ alongside more than 65 other operators and sole stakers.EigenLayer,…