Day: November 15, 2023

Blockchain Developer Lattice Unveils ‘Alternative Data Availability’ Network for Optimism

“We call it alternative data availability, because the transaction data is available off-chain, not on Ethereum. To maintain security with this architecture, that’s why we have the permissionless on-chain DA challenge so that when the data is not available or doesn’t correspond to the data commitment, one can challenge it to be excluded,” Justin Glibert, founder and chief executive officer of Lattice, shared in an email to CoinDesk. Source

OpenSea NFT users report massive email phishing campaign

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Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack, and have received emails containing malicious links from attackers posing as the marketplace itself. According to social media reports, OpenSea users and developers have been targeted by various email phishing campaigns, including a fake developer account risk alert and a fake NFT offer. One OpenSea developer took to X (formerly Twitter) on Nov. 13 to report receiving a phishing attempt to an email strictly dedicated to their OpenSea Application…

The BTC Options Market Is Bigger Than Its Futures Market

Traditionally, options are used to mitigate risk, although some speculators use them like futures to amplify returns. Bulls typically buy puts to protect against a potential downside, while bears use call options to protect from a sudden upswing in prices. Efficient use of options is contingent on a thorough understanding of key metrics, the so-called Greeks – delta, gamma, theta and rho, that affect the price of an options contract. Source

Bloomberg analyst reveals realistic approval date for Bitcoin ETF

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Bloomberg analyst James Seyffarth believes the SEC will again delay the decision on spot Bitcoin (BTC) ETFs. Seyffarth believes Hashdex and Franklin, whose next deadline is Nov. 17, and the Global X ETF (Nov. 21) bids will be delayed. But Seyffart still believes there is a 90% chance that spot BTC ETFs will be approved before Jan. 10, 2024. Okay, we’re nearing in on deadline dates for 3 spot #Bitcoin ETF applications. I want to get ahead of it because there’s a pretty good chance we’ll see delay orders from…

A Revolutionary Stablecoin Transparently Pegged to Tokenized US Treasuries

At the launch of the Verified USD (USDV) dozens of leading CeFi and DeFi like Animoca Brands, BIT exchange, Coin98 Finance, Matrixport, SushiSwap, and Stargate Finance, among many others will offer support for the revolutionary stablecoin project to its users. Verified USD Foundation, a non-profit and community-based organization that is working on revolutionizing the stablecoins market, has announced the launch of Verified USD (USDV). According to the company, the USDV is a community-driven stablecoin that is fully backed by the United States Treasury Bills (T-bills) and provides complete on-chain transparency…

Bitcoin Price Drops to $35,000 but Analysts Continue to Be Optimistic

Grayscale is optimistic that the easing of CPI data will provide a boost to Bitcoin going ahead while the expectations of spot Bitcoin ETF approval remain high. Over the last two days, the Bitcoin price has come under some selling pressure dropping another 3% in the last 24 hours and moving closer to $35,000. Bitcoin (BTC) encountered fluctuations on Tuesday following the release of the October Consumer Price Index (CPI) report by the United States Bureau of Labor Statistics (BLS). The data disclosed a reduction in inflation, standing at 3.2%,…

Crypto hub Blockchain.com raises $110m in Series E funding

Blockchain.com’s latest funding reportedly leaves its valuation at less than half of its $14 billion back in 2022. Blockchain.com, the company behind a cryptocurrency wallet and an exchange, has raised $110 in a Series E funding round led by British investment firm Kingsway Capital. According to Bloomberg’s sources, the company’s latest funding left its valuation at less than “half of prior $14 billion” as the firm struggles to survive after it lent $270 million to the now defunct Three Arrows Capital (3AC) hedge fund. In addition to Kingsway, the London-headquartered…