Day: April 4, 2023

Bitcoin Volatility Index’s Correlation With Bitcoin Price Flips Positive, Boosts Appeal of Bullish Call Options

Options are derivative contracts that give the purchaser the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. A call option gives the right to buy, a signal the holder has a bullish stance, while a put option gives the right to sell. Options prices are determined by several factors, including market direction as well as implied volatility, which is influenced by the supply and demand for options. Source

KuCoin Wallet Rebrands as Halo Wallet in Spinoff, Secures New Funding

One of the major aims of the rebranding exercise is to widen the scope of Halo Wallet operation beyond Web 3.0. Decentralized KuCoin Wallet is expanding from being a simple Web 3.0 wallet to what can serve on a social finance (SocialFi) scale. According to a Monday announcement, the rebranding which takes immediate effect will see KuCoin Wallet take up a new name – Halo Wallet. The Emergence of a New SocialFi Ecosystem One of the major aims of the rebranding exercise is to widen the scope of Halo Wallet…

OpenEden Launches Tokenized US Treasury Bills

The OpenEden TBILL tokens are Ethereum-based ERC-20 standards that are transferable between different blockchain wallets. Former senior officials at the Gemini crypto exchange announced that OpenEden, a decentralized finance (DeFi) platform, had launched the first smart contract vault to offer access to US Treasury Bills (T-Bills). According to the announcement, OpenEden will enable stablecoins holders to mint Treasury Bills (T-BILL) tokens through the OpenEden T-BILL Vaul. As a result, OpenEden users can earn a US risk-free rate, with yields of about 4.8 percent per annum starting from March 2023. Notably,…

Euler Labs hacker returns ‘all of the recoverable funds’ — Timeline

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After being robbed of $196 million in a flash loan attack, Euler Finance has convinced its hacker to return most of the funds. The outcome resulted from numerous back-and-forths over 25 days, eventually leading the hacker to do “the right thing.” On March 13, the Euler Finance hacker carried out multiple transactions, each draining millions of dollars in various tokens, including DAI (DAI), USD Coin (USDC), staked Ether (StETH) and wrapped Bitcoin (WBTC). 111 Funds stolen from Euler Finance. Source: BlockSec As a result, Euler’s total value locked inside its…

Digital Asset Tech Provider Metaco Secures Partnership With Liechtenstein Private Bank

VP Bank has tapped Metaco for its Harmonize platform, which it will use to expand its digital asset custody and tokenization services. The lender commenced its digital asset strategy in 2021, envisioning tokenization and custody of physical assets like jewels or paintings. Now it wishes to expand into supporting tokenized financial assets, as well as minting, burning and storing tokens. Source