Re-staking protocol EigenLayer plans to adopt a “shared security” system, a mechanism that allows protocols to participate in the network by leveraging a common pool of ETH stakes.EigenLayer aims to provide a protocol that allows users to deposit and “re-stake” Ethereum in a variety of liquid staking tokens, allocating those funds to securing third-party networks. The first phase of the project was launched on the Ethereum mainnet in June 2023.In the future, the team plans to turn the project into a major decentralized application platform and enable other projects to launch by leveraging the so-called shared security.That version will allow…
Author: Crypto Flexs
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Exverse.io integrates with Aethir’s infrastructure for improved gaming accessibility – Chainwire housenewsroomExverse.io integrates with Aethir’s infrastructure for improved game accessibility. We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for…
So this legacy digital asset issue may survive DeSantis and Ramaswamy’s departure from the scene, but aside from his active private business in non-fungible tokens (NFTs), Trump has shown no particular interest in the sector and once called it quits. Bitcoin is “scam.” And the specter of a U.S. CBDC has so far been a one-sided debate, with Republicans portraying President Joe Biden and his administration as pushing government tokens to surveil citizens when there is no evidence from the Federal Reserve or the Treasury Department of such plans. I have .
Cryptocurrencies have taken the world by storm in recent years, with numerous digital currencies capturing the attention of investors and enthusiasts alike. One cryptocurrency that is gaining momentum is KrugerCoin. In this article, we will take an in-depth look at KrugerCoin and explore why it is unique and why it could be the next big thing in the cryptocurrency world. What is Krugercoin? KrugerCoin (KRG) is a peer-to-peer digital currency that operates on a decentralized network. Created in 2014, it aims to provide a safe and fast way for users to transact with each other without intermediaries such as banks…
Concerns are swirling about the new SatoshiVM (SAVM) cryptocurrency after a wallet linked to its developer team sold $3 million worth of tokens amid recent price rises. This, combined with the extremely volatile price movements since SAVM launched just a few days ago, has analysts sounding the alarm about the possibility of a “pump and dump” scheme designed to benefit insiders at the expense of everyday investors. TLDR A wallet linked to the SatoshiVM team sold $3 million worth of SAVM tokens during a recent price rally, raising concerns about a potential “pump and dump” scheme. Analysts and experts are…
Terraform Labs files for Chapter 11 of ongoing legal proceedingsTerraform Labs, the company linked to the TerraUSD (UST) stablecoin failure and led by CEO Do-Do Kwon, has taken an important step by filing for Chapter 11 bankruptcy protection in the United States. The move, revealed in a recent filing in the U.S. Bankruptcy Court for the District of Delaware, represents the company’s efforts to effectively manage its financial and legal affairs.Financial burden and asset-liability coverageThe bankruptcy filing points to a significant amount of both Terraform Labs’ liabilities and assets, estimated at between $100 million and $500 million. This broad scope…
Billionaire and Tron (TRX) founder Justin Sun withdrew tens of millions of dollars worth of digital assets from cryptocurrency exchange Binance last month, according to on-chain data. Lookonchain, a blockchain tracking company, reports that between December 18 and January 21, Sun traded $43 million worth of Ethereum (ETH), $6.7 million worth of Aave (Aave), and $6.3 million worth of Shiba Inu (SHIB). It said it had withdrawn several altcoins from Binance, including . . “As of December 18, 2023, Justin Sun has withdrawn $60 million (crypto value) in assets from Binance. include:17,433 ETH ($43 million)68,999 AAVE ($6.7 million)SHIB 656.4 billion…
Cardano, a leading blockchain platform, is making waves in the non-fungible token (NFT) market with a surge in transaction volume. According to the latest data, Cardano’s sales surged 18%, solidifying its position within the top 10 chains. This is a significant milestone for the platform, highlighting its growing traction and appeal in the vibrant NFT space, with total trading volume reaching an impressive $116,803. While Cardano is showing promising growth, Ethereum remains the clear leader in the NFT space. Ethereum’s dominance is evident as it maintains its number one position, recording a significant increase of 18% with revenue of approximately…
Magic Eden, a leader in the cross-chain NFT market, recently unveiled a suite of innovative solutions designed to foster a more inclusive and expansive digital ownership experience. On January 22, 2024, the company announced an enhanced rewards program, global launch of a cross-chain wallet, and plans to open source all major protocols. These initiatives represent a significant step forward in Magic Eden’s mission to grow the NFT landscape and make digital ownership universal. The newly introduced Magic Eden rewards program stands out as the most comprehensive cross-chain rewards system in the industry. Date first released Solana, plans are in place…
Ethereum insider Steven Nerayoff said: yet again Leveling some accusations Ethereum co-founder Vitalik Buterin. This time Vitalik was accused, among other things, of “erasing history.” Is Ethereum founder Vitalik Buterin covering his tracks? Nerayoff is listed at X (formerly Twitter). post how Ethereum co-founder Despite serious suspicions, history was erased and silence was maintained. His comments seemed to suggest that Vitalik was trying to cover his tracks, mentioning how Vitalik’s personal Facebook account had been deleted. that much Former Ethereum Advisor The Ethereum founder highlighted how he and Vitalik were friends on the social media platform, despite “lying” that they…