Binance Labs invested in Babylon to facilitate Bitcoin staking, bringing important advancements to Bitcoin’s usability and PoS blockchain security. Binance Labs announced a major investment in Babylon, the pioneering Bitcoin staking protocol. This investment represents Binance Labs’ efforts to increase the utility of Bitcoin and advance the proof-of-stake (PoS) blockchain economy. Babylon is leading the way in integrating Bitcoin, the world’s largest cryptocurrency by market capitalization, with the PoS blockchain paradigm. Unlike traditional staking methods that rely on native tokens on the PoS blockchain, Babylon’s innovative protocol allows Bitcoin holders to stake their assets directly on the PoS blockchain. This…
Author: Crypto Flexs
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At his recent trial in Washington, Ilya Lichtenstein revealed how he carried out the monumental Bitcoin theft from cryptocurrency exchange Bitfinex in 2016. As a cooperating witness for the U.S. government in a money laundering case, Lichtenstein admitted to infiltrating Bitfinex’s security systems over an extended period of time. His criminal activities went beyond Bitfinex to compromise accounts on other major cryptocurrency platforms, including Coinbase and Kraken. Liechtenstein highlighted the use of Bitcoin Fog, a cryptocurrency mixing service that U.S. prosecutors say was involved in facilitating the laundering of significant amounts of money from darknet marketplaces linked to the sale…
reporter Posted on: February 28, 2024 ADA rose 8.13% in 24 hours, possibly influenced by the Bitcoin rally. Altcoins have faced issues with declining speed and user numbers. In the last 24 hours, Cardano (ADA) has experienced a notable surge, rising 8.13%. This surge may seem related to the recent Bitcoin rally, but a deeper analysis over the past few weeks paints a more nuanced picture. Looking at the price Since January 22nd, the price of ADA has shown a significant upward trend, recording a significant growth of 40%. The performance showed a consistent trend of higher highs and higher…
Written by Tim Ogilvie, Global Head of Institutional Sector There is no substitute for experience in cryptocurrency. Institutions need committed and experienced partners. This is a partner that is innovative and flexible enough to provide solutions that fit the growing needs of institutions as they adopt, manage, and scale their cryptocurrency practices. This is where Kraken Institutional comes into play. Comprised of one of the most experienced cryptocurrency teams in the world, Kraken Institutional is a new brand that integrates Kraken’s existing products and services specifically tailored to help institutions trade, stake, and store cryptocurrencies.* Professional cryptocurrency solutions for institutions…
Ethereum’s Dencun upgrade, expected in mid-March, is poised to bring major improvements in the form of ‘proto-danksharding’ via EIP-4844.Dencun aims to facilitate the inclusion of off-chain ‘data chunks’ in Ethereum transactions. This is a move designed to allow additional data to be incorporated without degrading block processing times. This upgrade is considered a pivotal development to increase the scalability of Layer 2 solutions in the network by providing expanded data capacity.polygon Matic -2.45% Developers are keenly anticipating the impact of EIP-4844 on gas rates. The Polygon zkEVM ecosystem suggests that upgrades can improve data availability for Layer 2 solutions in…
Cryptocurrencies have taken the world by storm in recent years, but one particular cryptocurrency, EDRCoin, is starting to make waves in the industry. EDRCoin stands for E-Dinar Coin and is a digital currency that promises to revolutionize the way we think about money. In this article, we will delve into the secrets of EDRCoin and explore why it could be the future of cryptocurrency. What is EDRCoin? EDRCoin is a decentralized cryptocurrency that operates on a P2P network, enabling secure and instant transactions without the need for a central authority. It was created as a digital alternative to traditional fiat…
The Ethereum Foundation stated that the highly anticipated Dencun upgrade has been “successfully activated on all testnets” and is scheduled to be deployed to mainnet by March 13th. According to the February 27 statement, it is 269568. According to the foundation, this upgrade will bring significant changes, including the introduction of temporary data blobs with EIP-4844. This is also known as “protodanksharding” and is expected to reduce the blockchain’s Layer 2 network transaction fees. Ethereum ‘coming of age’ Grayscale Investments believes that the Dencun upgrade represents the “maturity” of Ethereum as it will dramatically improve its competitiveness in terms of…
Bitcoin price rose further towards $58,000. BTC is now consolidating gains and may soon attempt further gains towards $60,000 resistance. Bitcoin price is consolidating gains below the $57,500 resistance zone. The price is trading above $56,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a rising channel with resistance near $57,650. The pair could extend the current rally towards the $60,000 resistance area. Bitcoin Price Faces New Hurdle Bitcoin price continued its upward trend above the $55,000 resistance zone. BTC gained bullish momentum after breaking the resistance levels of $55,500…
join us telegram A channel to stay up to date on breaking news coverage Stacks price is up 25% in the last 24 hours. Traded at $3.1180 As of 5:10 a.m. EST, trading volume had increased 475% to $612 million. This comes as interest in layer 2 Bitcoin grows relative to interest in Bitcoin ordinal. Stacks acts as a layer 2 network for Bitcoin and offers features such as custom cryptocurrency issuance, liquid staking protocols, and decentralized exchanges. Stacks (STX) price outperforms the market as interest in layer 2 Bitcoin grows. STX, the native token of the Bitcoin-focused Stacks Layer…
February 27th Bitfinex Alpha | There are positive signs for BTC and ETH, but it may not be altcoin season yet. Posted at 15:17h On Bitfinex Alpha Posted by Tammy Bitcoin ETF inflows remained fairly strong, with net inflows of approximately $600 million, even during the short trading week. Demand for BTC is also surging on centralized exchanges. This follows a massive withdrawal of BTC from Coinbase, resulting in the platform’s lowest Bitcoin holdings since 2017. Redistributing withdrawn BTC to new wallets represents positive investor behavior, as seen in both cases. Coinbase Premium Index and Kimchi Premium Index. Ethereum (Ether)…