EigenLayer, Ethereum’s largest restaking protocol, is upgrading its rewards program to grant more flexibility to protocols and restakers, according to a Dec. 6 blog post. The changes let third-party protocols using EigenLayer — dubbed actively validated services (AVSs) — distribute rewards to validators based on performance. They also let validators, or “operators,” set fee rates … Read more
Bitcoin surpassed $100,000 for the first time in history on Dec. 5, boosting expectations of a $110,000 “local top” before United States President-elect Donald Trump takes office on Jan. 20. Risk appetite is also returning among altcoin investors after Tron (TRX) surpassed a record $20 billion market capitalization, bolstering expectations of a forthcoming altcoin season, … Read more
Bitcoin’s (BTC) price has swiftly recovered above $100,000 after a flash crash cast a wick down to $90,500 on Dec. 5. Bitcoin 4-hour chart. Source: Cointelegraph/TradingView Despite the 14% plunge from its all-time high of $104,600, Bitcoin has rallied by 4.57% on the daily chart, maintaining a bullish position above each EMA level on the … Read more
Bitcoin finally shattered the $100,000 barrier, reaching an all-time high of $103,600. The milestone marked a historic moment for cryptocurrency as investors and enthusiasts celebrated its journey to six figures. However, the euphoria was short-lived. Within hours, BTC experienced a sharp reversal, plunging to $92,000 in a dramatic sell-off that left the market reeling. Top … Read more
Another former financial official with the United States government has expressed concerns about President-elect Donald Trump’s intention to establish a national Bitcoin (BTC) reserve while in office. In a Dec. 6 Bloomberg op-ed, economist and former New York Federal Reserve Bank President Bill Dudley said despite Bitcoin’s recent rise to more than $100,000, it was … Read more
United States president-elect Donald Trump’s presumptive “White House AI and Crypto Czar,” David Sacks, has strong views on OpenAI’s pivot to “for-profit” and deep ties to Elon Musk. Trump announced the appointment of Sacks — a former tech executive and member of the so-called “PayPal Mafia,” whose members include dozens of tech luminaries, such as … Read more
Non-farm payroll data for November was higher than expected. However, the data also revealed an accompanying uptick in unemployment, which could pressure the Federal Reserve to cut interest rates later this month. According to analysts, the likely interest rate cuts may spur investor appetite for Bitcoin (BTC). A total of 227,000 new jobs were added … Read more
Early in our thinking about the interaction between bitcoin and energy it became obvious to me that the value of bitcoin was fundamentally underpinned by the amount of energy that went into producing the bitcoin. As with any free market system, the value of a widget (in this case bitcoin) is determined by the cost … Read more
Canadian fintech Nuvei has launched payment settlement using stablecoin for merchants in Latin America. Interoperability platform Rain, digital custodian BitGo and card issuer Visa are its partners in the blockchain-based solution. Ever tighter integrations in Latam Latam merchants participating in the Nuvei solution will be able to use a physical or virtual Visa card to … Read more
As Bitcoin continues to attract major inflows from institutional investors, the Dogecoin price is on the move as it is increasingly becoming the go-to cryptocurrency for retail investors. Interestingly, Dogecoin’s price performance has also largely correlated with the Bitcoin price. As such, Bitcoin’s recent break above the $100,000 price level has seen the Dogecoin price also … Read more
