According to data from DefiLlama, total value locked (TVL) on Optimism, a layer-2 scaling solution for the Ethereum blockchain, has surged 284% in the past month. The vast majority of TVL consists of users lending and borrowing assets on Aave through Optimism’s layer-2 chain. Investors have been bidding up digital assets related to the Ethereum ecosystem in anticipation of The…
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in lower with a year-over-year increase of 8.5%. Economists polled by media publications estimated that July’s CPI data would print 8.7%, however, July’s core CPI, the government’s broadest measure of…
The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, has proposed requiring large advisers to certain hedge funds to report any exposure to digital assets. In a Wednesday notice, the SEC and CFTC proposed amending their confidential reporting form for certain investment advisers to private funds of at least $500 million. The…
Bitcoin (BTC) price continues to battle at the $24,000 resistance and the price rejected there on Aug. 10, but the rejection was not enough to knock the price out of the 52-day-long ascending channel. The channel has a $22,500 support and this bullish formation suggests that BTC price will eventually hit the $29,000 level by early October. Bitcoin/USD 12-hour price.…
Binance, the world’s biggest cryptocurrency exchange by volume, said today that it would not rule out support for Ethereum’s upcoming controversial fork, ETHPoW. The exchange announced it would support “the merge”—a protocol change expected to take place on or around September 19, which completes Ethereum’s long-awaited upgrade to a proof-of-stake consensus mechanism. That much was expected. But the company also…
Vinteum is a non-profit dedicated to decentralizing the open-source development of Bitcoin in Brazil.The non-profit intends to expand into the whole of Latin America, and eventually fund development worldwide. Bruno Garcia will be the first Bitcoin Core developer to be funded through Vinteum. Vinteum, a non-profit organization dedicated to Bitcoin research and development, will train and fund open-source developers for…
sponsored HUMAN Protocol is an infrastructure to reshape how humans work, by supporting distributed job markets in which any job, of any size or type, can be securely tokenized, published, and completed. The HUMAN team is now developing a new blockchain coordination layer to empower communities for positive contributions. Providing an Incentives Framework Featuring Staking and Additional Reward Mechanisms Human…
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Joe Consorti to talk about inflation and exciting new developments on the Lightning Network. Watch This Episode On YouTube Or Rumble Listen To The Episode Here: Q: Specifically, you guys at the Bitcoin Layer spend so much more…
Reports indicate that the decentralized finance (defi) protocol Curve was hacked for $570,000 in ethereum after people noticed that Curve’s front end was exploited. The attackers then tried to launder the funds via the crypto exchange Fixedfloat, and the trading platform’s team managed to freeze $200K worth of the stolen funds. Curve Finance Exploited for $570K — Fixedfloat Exchange Freezes…
Despite the Philippine Securities and Exchanges Commission warning the public against investing with Binance, the crypto exchange stays positive and relentless in bringing its services to the Southeast Asian country. In an interview, Binance’s Head of Asia-Pacific Leon Foong told Cointelegraph that they are very optimistic about being able to enter the Philippines. The executive highlighted that despite the efforts of a…
