Category: ICO

EigenLayer, Crypto’s Biggest Project Launch This Year, Is Still Missing Crucial Functionality

In EigenLayer’s current, arguably still larval state, however, EigenDA relies on a strikingly conventional security model. The protocol is controlled by a globally distributed set of operators, but they won’t be financially punished if they act dishonestly – a core component of EigenLayer’s purported security model. The protocol also won’t pay out rewards to depositors, which is supposed to be the main incentive for restaking. Source

Addressing Retail Dominance and Institutional Hurdles in the Options Market

The issue, here and in the development of many other crypto instruments, has always been market microstructure. Crypto began as a grassroots ideological experiment with buy-in from a very niche group of people who wanted to exchange an asset that had no certainty around it. As a result, the market microstructure that was designed to service it was self-serving, unguided, and naturally unregulated. Some of the infrastructural issues that exist today in crypto such as fragmented liquidity, no consensus around centralized pricing mechanisms, and supply/demand disparities from one trading platform…

Binance ‘Working Collaboratively’ With Nigerian Government to Free Detained Executive, Compliance Chief Says

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Ripple-Owned Metaco Sees Most of Executives and Marketing Teams Depart: Source

Metaco, whose CEO Adriene Treccani and chief product officer Peter Demeo both recently departed, has now lost Angel Nunez, who was CTO and chief customer officer, according to a person familiar with the matter, who shared an internal email detailing some of the departures with CoinDesk. The head of sales, Craig Perrin, as well as marketing manager Mei Li Powell, head of product marketing, plus marketing officers Gene Peterson and Rahul Mudgal have also left the firm, according to the person Source

How the Halving Will Impact the Bitcoin Market

One can, of course, discuss whether the efficient market hypothesis holds or not. But, judging by the options market, it looks like the halving itself will be a non-event. If anything, traders seem to be more interested in hedging downside risk with put options than speculate on a large upside with OTM (out of the money) call options. In the medium term, there is a bullish bias, but we’ve recently seen a slow reduction in the optimism in the options market. Source