Liquid staking enables users to maintain liquidity, despite locking their cryptocurrency to earn rewards for securing the blockchain network. Lido, the dominant liquid staking player, has more than $13 billion ETH staked, commanding a 76% market share of liquid staking derivatives on Ethereum, data from blockchain analytics firm Nansen show. Source
IoTeX has unveiled W3bstream’s Devnet, providing developers with tools and infrastructure to build Decentralized Physical Infrastructure Networks (DePIN) applications. This release reduces development costs and go-to-market time, enabling developers to connect smart devices to any smart contract, benefiting users. With W3bstream, developers can create mobility, energy, sensor, artificial intelligence (AI) computing, and wireless networks, among other data-driven dapps. IoTeX is a web3 project offering services that empower developers to build social-impact DePIN dapps, rewarding users for their actions or incentivizing specific behaviors. W3bstream boosts the DePIN sector, poised to reach around…
The Delaware Court of Chancery in the United States has granted a motion from crypto investment firm Galaxy Digital largely dismissing digital asset custodian BitGo’s case following a dropped acquisition of the firm in 2022. According to court documents filed on June 9, Vice Chancellor J. Travis Laster dismissed BitGo’s complaint against Galaxy Digital with prejudice. The decision followed Galaxy dropping its decision to acquire BitGo in August 2022 as part of a $1.2-billion deal after extensive efforts, citing a breach of contract. BitGo subsequently filed a lawsuit against Galaxy…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The issuer of Tether (USDT), the world’s most popular stablecoin, is setting up an operation to mine bitcoin (BTC) in Uruguay. This marks the first significant move by Tether into mining and is part of a larger push to provide broader access to crypto services. This comes when Tradecurve, a decentralized finance (DeFi) project in its presale phase, announced that its anonymous trading platform would soon be available globally. >>Buy TCRV tokens now<< Tether to start…
Florida Governor Ron DeSantis officially entered the United States presidential race on May 24. During a Twitter broadcast hosted by venture capitalist David Sacks, DeSantis pledged to lead a “Great American Comeback,” provoking accusations of plagiarism from ex-President and fellow 2024 presidential candidate Donald Trump. Among topics like U.S. immigration policy and the supposed prevalence of “critical race theory,” DeSantis gave significant attention to cryptocurrency during his hour-long presentation. He promised to protect “the ability to do things like Bitcoin” and fight the “central planners” at Capitol Hill. Ron DeSantis…
The answer is data. On the internet, data and identity are basically synonymous — and valuable. An individual’s online behavior — their purchases, browsing history, social groups, user names, pronouns, passwords, primary languages, biometrics, etc. — create a digital body of information telling a story about who that person is. Source
Just last week, Robinhood delisted three tokens as part of its regular review, leaving only 15 cryptocurrencies available for trading on the platform, the company said. The delisted tokens, Cardano’s ADA, Polygon’s MATIC, and Solana’s SOL, were named as securities by the U.S. Securities and Exchange Commission (SEC) in recent lawsuits against Coinbase (COIN) and Binance. Source
Just as we don’t allow just anyone to build a plane and fly passengers around, or design and release medicines, why should we allow AI models to be released into the wild without proper testing and licensing? That’s been the argument from an increasing number of experts and politicians in recent weeks. With the United Kingdom holding a global summit on AI safety in autumn, and surveys suggesting around 60% of the public is in favor of regulations, it seems new guardrails are becoming more likely than not. One particular meme…
The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model. Source
In the fast-paced world of cryptocurrencies, identifying the top investment option can be daunting. With thousands of digital assets available, separating the potential winners from the noise becomes crucial. InQubeta (QUBE), dogecoin (DOGE), and polygon (MATIC) are three such altcoins that have the potential to grow significantly. This article delves into why experts consider QUBE a top investment opportunity alongside the popular Dogecoin and the emerging Polygon. By examining each cryptocurrency’s unique qualities and market dynamics, we aim to shed light on why they stand out as attractive options for…