Crypto exchange OKX announced Monday that its Ethereum-based layer-2 scaling network, X Layer, has entered public mainnet—becoming the latest name-brand blockchain to offer crypto users faster and cheaper transactions than Ethereum’s own mainnet. Built using the Polygon CDK, OKX’s X Layer is also one of the first to take advantage of Polygon’s so-called AggLayer. Unveiled by Polygon in January, the…
Month: April 2024
HSBC to Expand Tokenized Asset Offerings — CEO Says He’s ‘Very Comfortable’ With Tokenization
Hong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” He indicated that the bank will look at ways of tokenizing assets backed by “real” assets. HSBC’s CEO Discusses Tokenization Plans Hong Kong’s leading commercial […] Source: https://news.bitcoin.com/hsbc-to-expand-tokenized-asset-offerings-ceo-says-hes-very-comfortable-with-tokenization/
Trust Wallet Advises Apple Users to Disable Imessage Amid Fears of Zero-Day Exploit
Trust Wallet, a crypto wallet provider, has issued a warning for Apple users to disable Imessage, based on “credible intel” about a zero-day exploit available on the dark web for $2 million, which could allow hackers to take control of users’ Iphones without any interaction needed. The alert was met with skepticism by some in […] Source: https://news.bitcoin.com/trust-wallet-advises-apple-users-to-disable-imessage-amid-fears-of-zero-day-exploit/
Runes Will Help Bitcoin DeFi ‘Close the Gap’ on Ethereum, Solana: Franklin Templeto
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The launch of Runes will help Bitcoin “close the gap” with Ethereum and Solana in the fungible digital asset space, investment firm Franklin Templeton Digital Assets…
Actors, Record Labels Ink Deal Limiting AI Voice Use
Voting started today on a deal negotiated between the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) and members of the recording industry that limits record labels in using artificial intelligence with actors’ voices. “If the companies are going to be using any kind of AI tool for digital voice replication, they will have to secure the written consent…
Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving
Former Bitmex CEO Arthur Hayes has explained why he believes that “bitcoin and crypto prices in general will slump around the halving.” He added that from now until May 1, he “will be in a no-trade zone,” emphasizing that “April will experience extreme weakness in risky asset markets.” Bitcoin Price Will ‘Slump Around the Halving,’ […] Source: https://news.bitcoin.com/former-bitmex-chief-expects-crypto-prices-to-slump-around-the-bitcoin-halving/
Analyst Predicts $650K Bitcoin Price Once ETF Investors Fully Deploy Asset Manager Recommendations
Popular onchain analyst Willy Woo has predicted a potential bitcoin price surge to $650,000 at the bull market’s peak. His prediction hinges on spot bitcoin exchange-traded fund (ETF) investors fully deploying their assets based on recommendations from asset managers. “These are very conservative numbers. Bitcoin will beat gold cap when ETFs have completed their role,” […] Source: https://news.bitcoin.com/analyst-predicts-650k-bitcoin-price-once-etf-investors-fully-deploy-asset-manager-recommendations/
Solana Update Brings First Fixes for Congestion Issues
The first network update to begin addressing weeks of growing congestion that made Solana incredibly difficult to use as of late rolled out for validators early Monday. Anza, the dev team that spun out of Solana Labs earlier this year, announced overnight that the v1.17.31 release of the Agave validator client—which is run by the computers that support the Solana…
Schiff Predicts Bitcoin Slump to $20K
Renowned Bitcoin critic Peter Schiff recently forecasted a potential downturn in BTC’s price to $20K, accompanied by a caution about MicroStrategy’s holdings. Schiff emphasized the significance of Bitcoin’s $60K support level, hinting at a possible “triple top” pattern. Expressing concerns, Schiff suggested that a dip below the $60K mark might trigger a substantial decline, potentially leading to a significant drop…
Bitcoin Miners Battle the AI Boom Ahead of Halving: Bernstein
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Bitcoin miners are increasingly facing off against a new foe to contend with ahead of this week’s halving: the AI boom. Analysts at investment firm AllianceBernstein,…