Day: May 25, 2022

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Crypto Asset Managers Chase Yield With New Investment Products

By contrast, the new yield products generate their returns through โ€œrationalโ€ rails, said Matt Hougan, chief investment officer for Bitwise, which is rolling out a โ€œUSD Income Fundโ€ that loans investorsโ€™ dollars to counterparties like Coinbase and Gemini (who then loan them into the stablecoin market) in the chase for 4% to 8% yields. Source

Bitcoinโ€คcomโ€™s Director of Engineering Answers Verse Questions in AMA โ€“ Promoted Bitcoin News

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Blockstream dreams up a whole new type of multisig called ROAST

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The research unit of Bitcoin (BTC)-focused blockchain tech firm Blockstream has published a proposal for a new type of multisig standard called Robust Asynchronous Schnorr Threshold Signatures (ROAST). It hopes to avoid the problem of transaction failures due to absent or even malicious signers and can work at scale. The term multisig or multisignature, refers to a method of transaction in which two or more signatures are required to sign off before it can be executed. The standard is widely adopted in crypto. According to a May 25 blog post…

OpenEthereum support ends with the Merge fast approaching

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One of the most popular Ethereum (ETH) clients, OpenEthereum has ended support for its software in preparation for the upcoming Ethereum Merge. OpenEthereum creates โ€œclientsโ€ or software used to interact with the Ethereum network allowing anyone to create an Ethereum node to mine the cryptocurrency which is currently using a proof-of-work (PoW) consensus mechanism. In a Twitter thread the OpenEthereum team explained that with the Merge approaching and the legacy codebase becoming โ€œincreasingly difficult to manageโ€ due to its age that it was the right time to end support. OpenEthereum…

Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z โ€“ Finance Bitcoin News

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The co-founder of the company Wework, Adam Neumann, is behind a new crypto project called Flowcarbon and on Tuesday, the blockchain project revealed it raised $70 million from a handful of investors and was led by Andreessen Horowitz (A16z). Flowcarbonโ€™s chief executive Dana Gibber says the projectโ€™s efforts provide a โ€œbrilliant financial mechanism that creates a counterbalancing incentive to reforest, revitalize and protect nature.โ€ Adam Neumann Backed Crypto Project Flowcarbon Raises $70 Million A project backed by Adam Neumann, the co-founder and former Wework executive raised $70 million from strategic…

Ethereum Forms Bullish Pattern But This Level Is Crucial

Ethereum extended decline and tested the $1,920 support against the US Dollar. ETH is rising and might revisit the key $2,085 resistance zone. Ethereum remained stable above the key $1,920 support zone. The price is now trading above $2,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further, but the $2,085 zone presents a major hurdle. Ethereum Price Recovers Above $2K Ethereum extended…

Seth Green thief stole Bored Apes, not the rights say experts

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Austin Powers supporting actor Seth Green has sparked a debate over who owns the commercial rights to use a Bored Ape Yacht Club NFT, after his Apes were stolen and sold to another party Green tweeted on May 18 that four of his nonfungible tokens (NFT) including BAYC #8398, Mutant Ape Yacht Club (MAYC) #9964 and #19182, and Doodle #7546 were stolen from him after he visited a phishing site. Green, the creator of Robot Chicken and co-star on Family Guy, noted that someone with the pseudonym DarkWing84 had already…