What are blockchain rollups?
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Australian regulators open to Bitcoin ETF with ‘rules in place’
Securities regulators' down under said that they are open to a Bitcoin ETF, so long as investors are protected by the proper rules. 1978 Total views 14 Total shares The Australian Securities and Investments Commission has clarified its position regarding Bitcoin (BTC)-linked exchange-traded funds. According to a Feb. 12 report by the Australian Financial Review, the…
Beleaguered DeFi project xToken suffers second major exploit since May
xToken has been exploited for around $4.5 million following the latest attack targeting the DeFi protocol’s smart contracts. The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product.On Aug. 29, the xToken team reported that the attack had resulted in…
Bitcoin price tumbles to 10-day lows as ‘Notorious B.I.D.’ keeps support at $22.5K
Bitcoin (BTC) threatened to ditch $23,000 as support on Feb. 25 as an ongoing price correction strengthened into the weekend.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price support inches lowerData from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to decide the fate of the $23,000 mark on the day.The pair had lost almost $1,000…
Big Four Auditing Firm KPMG Launches a Crypto Management Suite
KPMG’s new tools should help crypto services firms in complying with regulations. 652 Total views 19 Total shares Big four auditing firm KPMG launched a cryptocurrency management suite with analytic features.According to a June 22 announcement, the new KPMG Chain Fusion suite is meant to allow financial technology companies to more easily offer crypto asset…
What is liquid staking, and how does it work?
Liquid staking reduces the minimum threshold required to earn block rewards and simultaneously enables the tokenized representation of staked assets.
3 key metrics to watch as Bitcoin price tries to top $20,000
For the past week, Bitcoin (BTC) price has been flirting with the $20,000 mark, which has led some traders to lose their patience. In the eyes of some traders, the lack of bullish momentum is problematic, especially considering that BTC tested the $16,200 level roughly a week ago.Experienced traders know that there are key indicators…
DAI Has Been Struggling to Maintain Its $1 Peg, but the MakerDAO Community Believes It Will Soon Be Crypto’s ‘Default’ Stablecoin
Stability has become a holy grail for the crypto market, and right now, one of the biggest stablecoins is MakerDAO's DAI. Launched in December 2017 as an ERC-20 token, it's pegged 1:1 with the United States dollar, with its peg being maintained via over-collateralization with ether (ETH). In other words, users receive the equivalent of…
Pantera CEO bullish on DeFi, Web3 and NFTs as Token2049 gets underway
Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore. 287 Total views 15 Total shares Pantera CEO Dan Morehead highlighted the potential growth and value of Decentralized Finance (DeFi), Web3 functionality, nonfungible tokens (NFTs) and Metaverse applications in his opening keynote speech at…