[ad_1] Top US crypto exchange Coinbase is listing one Ethereum (ETH) restaking protocol project for pre-launch trading. In a new announcement, Coinbase says that EigenLayer (EIGEN) is now available for trading ahead of its official launch on the platform’s International Exchange and Coinbase Advanced for users in eligible jurisdictions outside of the US, UK, and Canada. Says Coinbase, “You can now trade EIGEN-PERP with up to 2x leverage. EIGEN opens with a price of $7.307 and an Implied FDV (fully diluted valuation ) of $12.2 billion.” EigenLayer allows ETH holders to re-stake their tokens for use as “cryptoeconomic security” for…
Author: dfrancis36
[ad_1] Bitcoin recently dropped below the critical support level between $67,000 and $68,000, having failed to break above the $70,000 price level successfully. Based on crypto analyst Josh’s analysis, the flagship crypto needs to climb above this critical support level soon enough or risk flipping into a bearish trend. Bitcoin Needs To Climb Above $68,000 Josh mentioned in a video on his YouTube channel that Bitcoin needs to achieve a confirmed breakout above $68,000 to flip bullish again and possibly experience more upside moves to the resistance levels between $72,000 and $74,000. With Bitcoin currently below $67,000, the crypto analyst…
[ad_1] Bullish bets on Dogecoin futures suffered significantly on Monday, with liquidations totaling $60 million as the meme token’s price dropped over 10% before a brief recovery. This decline occurred alongside a sell-off in major tokens, including Bitcoin, during Asian trading hours. The CoinDesk 20 Index, which tracks the broader crypto market, fell by 3.4% in the past 24 hours. Bitcoin long positions lost $47 million, while Ether bullish bets were the hardest hit, losing $76 million. In total, crypto long positions saw liquidations exceeding $440 million due to profit-taking and a strengthening dollar, according to traders on Tuesday. “The…
[ad_1] Bitcoin & Beyond is an educational series by the team at The Rollup focused on a new and emerging class of builders in the Bitcoin ecosystem. Through spaces, panels, and interactive presentations, the objective is to provide deep technical insights into innovative scaling projects.In our latest feature for Bitcoin & Beyond, we’re exploring BOB, a novel, hybrid, layer solution that aims to marry Bitcoin’s robust security with the agility of Ethereum. We caught up with Dom, co-founder of BOB, to understand BOB’s staged approach to development and their new merged-mining protocol, Optimine. Reigniting Innovation in Bitcoin Through Layer 2 SolutionsFrom…
[ad_1] Crypto funds witnessed outflows last week after recording five weeks of consecutive inflows. According to CoinShares data, digital asset funds saw $600 million in net outflows for the week ending June 14. The outflows were concentrated in Bitcoin and Solana funds, which saw $621 million and $0.2 million exits, respectively. These outflows come amidst a corresponding drop in the price of Bitcoin throughout the week and a more hawkish-than-expected Federal Open Market Committee (FOMC) meeting held during the week. Crypto Funds Bleed Largest Since March, With Bitcoin In The Lead Crypto funds witnessed outflows of $600 million last week…
[ad_1] Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Builders of new payment frameworks on the continent will share their insights on shaping “cowrie shell” systems for the digital age. MODERATOR: Hwalani Mabaso , Country Director | Women in Tech South Africa Provincial General Manager | Absa SPEAKERS: Nthabiseng Sibanda, Regional Head: Payments, Africa…
[ad_1] The ever-growing popularity of crypto has come under fire once again, this time for its environmental cost. A new report by Greenpeace casts a critical eye on the energy consumption of Bitcoin mining, pointing a finger directly at Wall Street financiers who back the industry. Wall Street’s Dirty Little Secret? The report argues that traditional financial institutions are deeply intertwined with the environmental impact of Bitcoin mining. While Bitcoin itself operates on a decentralized network, the massive mining facilities required to secure the currency are funded and supported by Wall Street giants. Despite the myth of Bitcoin being independent…
[ad_1] A trader known for making contrarian crypto calls believes that two decentralized finance (DeFi) altcoins are primed to print massive gains. Pseudonymous analyst Credible tells his 398,100 followers on the social media platform X that he’s bullish on both Curve (CRV) and Convex Finance (CVX). Curve Finance is a stablecoin-focused decentralized exchange and Convex supports Curve by optimizing yields of locked tokens. According to Credible, both altcoins are in a position to rally after Curve founder Michael Egorov got liquidated on June 13th. “I see low timeframe impulses on CRV and CVX. Probably time for the start of the…
[ad_1] Beercoin, the effervescent Solana-based meme coin that promised a taste of financial freedom, is experiencing a hangover of epic proportions. After a meteoric rise in price earlier this month, Beercoin has come crashing down, plummeting by nearly 70% in a matter of days. This dramatic decline reflects a confluence of factors, including a broader crypto market correction, a hawkish Federal Reserve stance, and a concerning trend of insider selling. Related Reading Fed Tightens The Taps The Federal Reserve’s recent decision to adopt a more hawkish monetary policy, prioritizing inflation control over economic stimulus, has cast a dark cloud over…
[ad_1] The Australian Securities and Investments Commission (ASIC) has filed an appeal against a federal court ruling that absolved cryptocurrency provider Block Earner of paying a penalty for offering unlicensed financial services related to its digital assets product.ASIC Appeals Court Decision Relieving Block Earner of Penalty in Crypto CaseThe Australian regulator announced on Tuesday that it has appealed the Federal Court’s decision and will continue to seek the imposition of a financial penalty. In the past, it had requested AU$350,000.Interestingly, the Court had previously found that Block Earner engaged in unlicensed financial services and operated an unregistered managed investment scheme…