introduction:As the cryptocurrency market matures and gains mainstream acceptance, security and protection issues for digital asset investments are becoming increasingly important to both individual and institutional cryptocurrency investors. Cryptocurrency technology is designed to provide a high level of built-in security, but the rise in high-profile hacks and thefts shows that vulnerabilities still exist. Additional measures are therefore urgently needed to protect investments and ensure users can participate in the markets with confidence.Join Digital Asset Insurance – A new solution that aims to protect cryptocurrency assets in case of security breaches, theft, or other unforeseen circumstances. Insurance coverage for digital assets…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage Goldman Sachs said Bitcoin and other digital assets are not an investment asset class and its clients are not interested in cryptocurrencies. “We don’t think this is an investment asset class,” said Sharmin Mossavar-Rahmani, CIO of the bank’s asset management division. wall street journal (WSJ). “We don’t believe in cryptocurrency.” Her comments come as investors flock to Bitcoin exchange-traded funds (ETFs) launched by Wall Street giants including BlackRock and Fidelity in January. Bitcoin ETFs traded at about $111 billion in March, triple their February performance, Bloomberg…
If you have a currency printer, as is the case with many blockchain projects that have the power to create their own digital tokens, why wouldn’t you use one? Plus: Vitalik Buterin slams meme coins and Ethereum’s new “blob market”
Babylon has entered into an exclusive partnership with Lorenzo Protocol to introduce the Bitcoin Liquid Restake solution. Lorenzo Protocol will leverage Babylon’s new-age technology to launch a liquid re-staking token (stBTC), speaking to Bitcoin staked through Babylon’s staking protocol. This association highlights safety-related factors. This can be achieved by providing a connection with the Lorenzo protocol’s staking tokens on a layer 1 platform running Babylon’s Bitcoin staking and timestamp protocol for security reasons. Lorenzo Protocol’s overall game plan is to reshape Bitcoin along with the DeFi space. In this regard, the company is developing an initial Bitcoin liquidity re-staking protocol…
Hychain Games will release a closed beta version of its Minecraft-inspired web3 video game Hytopia this month after the developer earned $8 million from node sales, according to a statement. . According to a statement from Hychain Games, the company allows users to contribute to the security and functionality of the layer 2 blockchain, also called Hychain, “while earning rewards from a pool of $250 million worth of TOPIA tokens.” Additionally, “In just 48 hours after announcing the node sale, Highchain generated 2,098 ETH ($8 million at the time of sale), and 254 ETH ($1 million) was distributed to creators.”The…
Ethena Labs completed a massive $450 million token airdrop, with top wallets receiving $1.96 million in Ethena tokens as they hit major exchanges. Ethena Labs conducted an extensive airdrop campaign on April 2, distributing $450 million worth of Ethena tokens to several eligible wallets. The airdrop, a common strategy used by cryptocurrency projects to increase token distribution and engage the community, was completed at 7:17 AM (UTC), after which the tokens were listed on various reputable centralized exchanges. The largest portion of the airdrop went to wallet 0xb56, which received 3.3 million Ethena tokens worth about $1.96 million. This significant…
Spot Bitcoin ETFs experience fluctuating outflows.Cathie Wood’s ARK 21Shares Bitcoin ETF (ARKB) recorded daily outflows of $87 million, surpassing Grayscale’s Bitcoin Trust (GBTC) for the first time since the launch of a spot Bitcoin ETF in the United States. This is ARKB’s second consecutive outflow, bringing total asset losses to $300,000 on April 1.Consistent leakage of grayscaleGrayscale has faced steady daily outflows since converting to a spot ETF, with recent daily outflows reaching $81.9 million. This is a relatively low level compared to the average outflow of $254 million over the past five trading days. In total, Grayscale has recorded…
The decentralized finance (DeFi) protocol maker (MKR) is considering allocating up to $600 million worth of stablecoin DAI to the USDe market, Ethena’s synthetic dollar. last week maker placed 100 million DAI on Spark’s sUSDe/DAI and USDe/DAI markets on Morpho Blue, a lending protocol for Ethereum (ETH). According to Maker, this move enabled “over-collateralized scalable liquidity for users interested in increasing exposure to Ethena assets.” On Monday, a Maker Forum contributor recommended that the protocol allocate an additional 500 million DAI to Morpho’s lending infrastructure on staked USDe and USDe/DAI markets. A proposal released by BA Labs, a member of…
John Deaton, an XRP advocate running for Senate in Massachusetts, has made serious allegations against incumbent U.S. Senator Elizabeth Warren, as discord escalates in politics and cryptocurrency circles. Deaton’s campaign, which launched in February, positions him as a Republican challenger to Warren, a Democrat known for her tough stance on cryptocurrencies. Pro-XRP Lawyer Deaton Goes Into Attack Mode through name In Deaton’s accusations center on allegations that Warren failed to investigate or address SBF’s connections between him and various regulatory and government figures, despite new details about SBF’s trial and his political donations. “Sam Bankman-Fried now claims he didn’t know…
After a service outage in October 2023, $24 million worth of tokenized Solana (stSOL) was locked on Lido due to a smart contract error. Approximately $24 million worth of tokenized staking Solana (stSOL) was inadvertently locked on the Lido platform due to a smart contract incident. stSOL tokens represent staked Solana that users could previously lock up to earn profits. This incident highlights the inherent risks associated with operating complex smart contracts in the blockchain and DeFi sector. Lido, a decentralized finance (DeFi) protocol, was a leading service that gave users the opportunity to stake Solana (SOL) tokens in exchange…