Tensions in DeFi industry exposed by LayerZero’s anti-Sybil strategy
LayerZero, a cross-chain interoperability protocol, is gearing up for its first token airdrop, but its strategy against token farmers is causing division.
The main concern surrounds LayzerZero’s “anti-Sybil strategy.”
Sybil activity occurs when a group or individual creates multiple wallets to interact with a protocol in the hopes of qualifying for its airdrop multiple times.…
https://cryptoinsight.ae/tensions-in-defi-industry-exposed-by-layerzeros-anti-sybil-strategy/
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LayerZero, a cross-chain interoperability protocol, is gearing up for its first token airdrop, but its strategy against token farmers is causing division.
The main concern surrounds LayzerZero’s “anti-Sybil strategy.”
Sybil activity occurs when a group or individual creates multiple wallets to interact with a protocol in the hopes of qualifying for its airdrop multiple times.…
https://cryptoinsight.ae/tensions-in-defi-industry-exposed-by-layerzeros-anti-sybil-strategy/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $67,946.11 (-0.9%)
Ethereum ~ $3,768.35 (-2.5%)
Solana ~ $167.83 (-2.8%)
Polkadot ~ $7.12 (-5.4%)
Flow ~ $0.9095 (-4.4%)
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Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $67,946.11 (-0.9%)
Ethereum ~ $3,768.35 (-2.5%)
Solana ~ $167.83 (-2.8%)
Polkadot ~ $7.12 (-5.4%)
Flow ~ $0.9095 (-4.4%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum ETFs — 3 pitches that could hook Wall Street
Ethereum, the world’s second-largest blockchain network, is expected to be the focus of the next spot crypto exchange-traded fund, but it might have a sales pitch problem.
While Ethereum has been described as “the internet of money,” a “world computer,” and “digital oil” in the past — some worry that Ethereum doesn’t have an elevator…
https://cryptoinsight.ae/ethereum-etfs-3-pitches-that-could-hook-wall-street/
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Ethereum, the world’s second-largest blockchain network, is expected to be the focus of the next spot crypto exchange-traded fund, but it might have a sales pitch problem.
While Ethereum has been described as “the internet of money,” a “world computer,” and “digital oil” in the past — some worry that Ethereum doesn’t have an elevator…
https://cryptoinsight.ae/ethereum-etfs-3-pitches-that-could-hook-wall-street/
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PayPal’s new stablecoin on Solana will offer ‘confidential transfers’
PayPal’s PYUSD stablecoin, which was recently deployed on Solana, will offer “confidential transfers” as an additional feature.
On May 29, payments platform PayPal announced that it had deployed its dollar-pegged stablecoin on Solana, having only previously been available on Ethereum.
One notable extension initialized for PYUSD is “confidential transfers,” which will allow merchants to “provide…
https://cryptoinsight.ae/paypals-new-stablecoin-on-solana-will-offer-confidential-transfers/
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PayPal’s PYUSD stablecoin, which was recently deployed on Solana, will offer “confidential transfers” as an additional feature.
On May 29, payments platform PayPal announced that it had deployed its dollar-pegged stablecoin on Solana, having only previously been available on Ethereum.
One notable extension initialized for PYUSD is “confidential transfers,” which will allow merchants to “provide…
https://cryptoinsight.ae/paypals-new-stablecoin-on-solana-will-offer-confidential-transfers/
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Vitalik Buterin: L2s are ‘cultural extensions’ of Ethereum
Ethereum layer-2s aren’t just about scaling — they’re also a rallying point for “subcultures” that grow the Ethereum ecosystem more than the single chain could do alone, says Vitalik Buterin, one of the creators of Ethereum.
In a May 29 blog post on Buterin’s self-hosted blog, the Ethereum co-founder examined the benefits of layer-2 blockchains…
https://cryptoinsight.ae/vitalik-buterin-l2s-are-cultural-extensions-of-ethereum/
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Ethereum layer-2s aren’t just about scaling — they’re also a rallying point for “subcultures” that grow the Ethereum ecosystem more than the single chain could do alone, says Vitalik Buterin, one of the creators of Ethereum.
In a May 29 blog post on Buterin’s self-hosted blog, the Ethereum co-founder examined the benefits of layer-2 blockchains…
https://cryptoinsight.ae/vitalik-buterin-l2s-are-cultural-extensions-of-ethereum/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $68,323.18 (0.7%)
Ethereum ~ $3,744.13 (-0.6%)
Solana ~ $166.12 (-1.0%)
Polkadot ~ $6.98 (-1.4%)
Flow ~ $0.8885 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $68,323.18 (0.7%)
Ethereum ~ $3,744.13 (-0.6%)
Solana ~ $166.12 (-1.0%)
Polkadot ~ $6.98 (-1.4%)
Flow ~ $0.8885 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
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McHenry urges Senate to pass FIT21 crypto bill before election
Outgoing United States Republican lawmaker Patrick McHenry has pressured the Senate to pass a key crypto-regulating bill before the November presidential election.
The Financial Innovation and Technology for the 21st Century Act (FIT21) passed the House on May 22 with 71 Democrats and 208 Republicans in favor.
“This should be a wake-up call for the…
https://cryptoinsight.ae/mchenry-urges-senate-to-pass-fit21-crypto-bill-before-election/
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Outgoing United States Republican lawmaker Patrick McHenry has pressured the Senate to pass a key crypto-regulating bill before the November presidential election.
The Financial Innovation and Technology for the 21st Century Act (FIT21) passed the House on May 22 with 71 Democrats and 208 Republicans in favor.
“This should be a wake-up call for the…
https://cryptoinsight.ae/mchenry-urges-senate-to-pass-fit21-crypto-bill-before-election/
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Tornado Cash sentence ‘radically unfair and unreasonable’ — Nym CEO
Harry Halpin, the CEO of Nym, a privacy-focused project, recently shared his thoughts on the sentence handed down to Tornado Cash developer Alexey Pertsev.
During an interview with Cointelegraph’s Jonathan DeYoung at Consensus 2024, Halpin characterized the sentence as “radically unfair and unreasonable” and provided these analogies:
“The punishment is not proportional either. Years in…
https://cryptoinsight.ae/tornado-cash-sentence-radically-unfair-and-unreasonable-nym-ceo/
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Harry Halpin, the CEO of Nym, a privacy-focused project, recently shared his thoughts on the sentence handed down to Tornado Cash developer Alexey Pertsev.
During an interview with Cointelegraph’s Jonathan DeYoung at Consensus 2024, Halpin characterized the sentence as “radically unfair and unreasonable” and provided these analogies:
“The punishment is not proportional either. Years in…
https://cryptoinsight.ae/tornado-cash-sentence-radically-unfair-and-unreasonable-nym-ceo/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $67,610.64 (-1.1%)
Ethereum ~ $3,784.10 (1.0%)
Solana ~ $166.92 (0.4%)
Polkadot ~ $7.03 (0.7%)
Flow ~ $0.8715 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $67,610.64 (-1.1%)
Ethereum ~ $3,784.10 (1.0%)
Solana ~ $166.92 (0.4%)
Polkadot ~ $7.03 (0.7%)
Flow ~ $0.8715 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
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Spot Ethereum ETF ‘fee war’ begins as Franklin Templeton discloses fees
American multinational investment firm Franklin Templeton has filed an amended S-1 application for its proposed spot Ether exchange-traded fund (ETF) product, and is the first among the applicants to disclose fees to investors.
“The fees of the Sponsor accrues daily at an annualized rate equal to 0.19% of the net asset value of the Fund,”…
https://cryptoinsight.ae/spot-ethereum-etf-fee-war-begins-as-franklin-templeton-discloses-fees/
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American multinational investment firm Franklin Templeton has filed an amended S-1 application for its proposed spot Ether exchange-traded fund (ETF) product, and is the first among the applicants to disclose fees to investors.
“The fees of the Sponsor accrues daily at an annualized rate equal to 0.19% of the net asset value of the Fund,”…
https://cryptoinsight.ae/spot-ethereum-etf-fee-war-begins-as-franklin-templeton-discloses-fees/
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EOS Network approves new tokenomics, promises ‘new era’
The EOS ecosystem has reached a consensus to approve a new tokenomics model, promising a “new era” for EOS tokenholders and developers.
According to an announcement on May 31, EOS will transition from an inflationary token supply with a maximum of 10 billion EOS tokens to a fixed supply of 2.1 billion tokens. According to…
https://cryptoinsight.ae/eos-network-approves-new-tokenomics-promises-new-era/
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The EOS ecosystem has reached a consensus to approve a new tokenomics model, promising a “new era” for EOS tokenholders and developers.
According to an announcement on May 31, EOS will transition from an inflationary token supply with a maximum of 10 billion EOS tokens to a fixed supply of 2.1 billion tokens. According to…
https://cryptoinsight.ae/eos-network-approves-new-tokenomics-promises-new-era/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $67,724.72 (0.2%)
Ethereum ~ $3,806.49 (0.6%)
Solana ~ $166.01 (-0.5%)
Polkadot ~ $7.08 (0.7%)
Flow ~ $0.8957 (2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $67,724.72 (0.2%)
Ethereum ~ $3,806.49 (0.6%)
Solana ~ $166.01 (-0.5%)
Polkadot ~ $7.08 (0.7%)
Flow ~ $0.8957 (2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
US SEC is ‘bent on choking’ the crypto industry — Coinbase
The United States Securities and Exchange Commission (SEC) will continue its regulation-by-enforcement approach to the cryptocurrency industry for as long as it can to satisfy its goal of “choking” the industry, according to crypto exchange Coinbase.
“The SEC is serious about the destruction of digital assets,” Coinbase declared in a May 31 filing with the…
https://cryptoinsight.ae/us-sec-is-bent-on-choking-the-crypto-industry-coinbase/
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The United States Securities and Exchange Commission (SEC) will continue its regulation-by-enforcement approach to the cryptocurrency industry for as long as it can to satisfy its goal of “choking” the industry, according to crypto exchange Coinbase.
“The SEC is serious about the destruction of digital assets,” Coinbase declared in a May 31 filing with the…
https://cryptoinsight.ae/us-sec-is-bent-on-choking-the-crypto-industry-coinbase/
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Binance founder CZ receives support from crypto community as jail term starts
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has reported to a low-security federal prison in Lompoc, California, to begin serving his sentence.
According to a CNBC report, the information was verified with his legal team at Latham and Watkins.
Crypto community applauds
Members of the crypto community have expressed their admiration…
https://cryptoinsight.ae/binance-founder-cz-receives-support-from-crypto-community-as-jail-term-starts/
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Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has reported to a low-security federal prison in Lompoc, California, to begin serving his sentence.
According to a CNBC report, the information was verified with his legal team at Latham and Watkins.
Crypto community applauds
Members of the crypto community have expressed their admiration…
https://cryptoinsight.ae/binance-founder-cz-receives-support-from-crypto-community-as-jail-term-starts/
Website | Twitter | LinkedIn | Telegram
Be persistent with the SEC, says Franklin Templeton digital asset head
Financial innovators are playing the long game with the United States Securities and Exchange Commission (SEC), and it’s only fair, according to Franklin Templeton head of digital assets Roger Bayston.
“The SEC, like a lot of regulatory bodies, likes to rely on legal precedents. […] Those precedents are being set in courts of law oftentimes,…
https://cryptoinsight.ae/be-persistent-with-the-sec-says-franklin-templeton-digital-asset-head/
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Financial innovators are playing the long game with the United States Securities and Exchange Commission (SEC), and it’s only fair, according to Franklin Templeton head of digital assets Roger Bayston.
“The SEC, like a lot of regulatory bodies, likes to rely on legal precedents. […] Those precedents are being set in courts of law oftentimes,…
https://cryptoinsight.ae/be-persistent-with-the-sec-says-franklin-templeton-digital-asset-head/
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SubQuery already supports data indexing for 200 networks, which is a new milestone.
Join official SubQuery Telegram community. Link: https://tttttt.me/subquerynetworkcommunity
Join official SubQuery Telegram community. Link: https://tttttt.me/subquerynetworkcommunity
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.7 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $68,828.68 (1.7%)
Ethereum ~ $3,817.44 (0.3%)
Solana ~ $164.83 (-0.7%)
Polkadot ~ $7.09 (0.1%)
Flow ~ $0.8979 (0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.7 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $68,828.68 (1.7%)
Ethereum ~ $3,817.44 (0.3%)
Solana ~ $164.83 (-0.7%)
Polkadot ~ $7.09 (0.1%)
Flow ~ $0.8979 (0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Providing certainty in funding costs and investment returns: Ethereum gets fixed-income DeFi protocol
Term Structure has gone live with its mainnet, aiming to revolutionize risk and liquidity management in DeFi.
The history of the banking system can be traced back to 1472 in Italy, where the first bank emerged to facilitate commerce, secure deposits and provide loans. These early banking activities laid the groundwork for more complex fixed-income…
https://cryptoinsight.ae/providing-certainty-in-funding-costs-and-investment-returns-ethereum-gets-fixed-income-defi-protocol/
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Term Structure has gone live with its mainnet, aiming to revolutionize risk and liquidity management in DeFi.
The history of the banking system can be traced back to 1472 in Italy, where the first bank emerged to facilitate commerce, secure deposits and provide loans. These early banking activities laid the groundwork for more complex fixed-income…
https://cryptoinsight.ae/providing-certainty-in-funding-costs-and-investment-returns-ethereum-gets-fixed-income-defi-protocol/
Website | Twitter | LinkedIn | Telegram
Matter Labs drops ZK trademark applications after industry backlash
Matter Labs, the team behind Ethereum layer-2 scaling solution zkSync, has dropped all attempts to obtain intellectual property rights to trademark the term “ZK” — short for “zero knowledge” proofs.
Its decision came three days after several leading ZK researchers condemned the firm’s behavior “in the strongest possible terms,” iterating that ZK technologies should instead…
https://cryptoinsight.ae/matter-labs-drops-zk-trademark-applications-after-industry-backlash/
Website | Twitter | LinkedIn | Telegram
Matter Labs, the team behind Ethereum layer-2 scaling solution zkSync, has dropped all attempts to obtain intellectual property rights to trademark the term “ZK” — short for “zero knowledge” proofs.
Its decision came three days after several leading ZK researchers condemned the firm’s behavior “in the strongest possible terms,” iterating that ZK technologies should instead…
https://cryptoinsight.ae/matter-labs-drops-zk-trademark-applications-after-industry-backlash/
Website | Twitter | LinkedIn | Telegram
Crypto exchanges see $3B Ethereum exit since ETF approvals
Over $3 billion worth of Ether has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze.
The amount of Ether on exchanges fell by around 797,000 between May 23 and June 2 — equivalent to $3.02…
https://cryptoinsight.ae/crypto-exchanges-see-3b-ethereum-exit-since-etf-approvals/
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Over $3 billion worth of Ether has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze.
The amount of Ether on exchanges fell by around 797,000 between May 23 and June 2 — equivalent to $3.02…
https://cryptoinsight.ae/crypto-exchanges-see-3b-ethereum-exit-since-etf-approvals/
Website | Twitter | LinkedIn | Telegram