The co-founders of dominant liquid staking protocol Lido, along with the venture capital firm Paradigm, are secretly helping to fund a new company, Symbiotic, that would compete in the fast-growing arena of “restaking,” according to people briefed on the matter. Internal company documents obtained by CoinDesk lay out diagrams of …
dapps
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Ethereum, the world’s second-largest blockchain network, persistently grappling with scalability issues due to its popularity and increased network congestion, has had the concept of Layer 2 chains in mind since 2014. As more users and decentralized applications (dApps) were released, transaction costs skyrocketed, and processing times slowed significantly. To address …
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–> OKX has officially launched its spot and derivatives crypto trading platform in Australia, the company announced on Tuesday. OKX said in a statement that it will offer spot trading services to all Australian users, while derivatives trading will only be available for verified wholesale clients. Its users in Australia …
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Crypto asset management giant Grayscale says there’s a “renaissance” in Bitcoin development, with several new Layer 2s (L2s) worthy of keeping an eye on. In a new investor report, Grayscale analyst Michael Zhao argued how these technologies may both bring new use cases to Bitcoin and foster more market demand …
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The emergence of various blockchain scaling solutions has sparked discussions about the differences and roles of Layer 1, Layer 2, Layer 3, parachains, and sidechains in the evolving crypto ecosystem. Understanding these concepts is crucial for developers, investors, and users navigating the complex landscape of blockchain technologies – but it’s …
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–> UPDATED: May 13, 2024, 5:28AM EDT Degen Chain, a Layer 3 Ethereum-based blockchain developed for the Degen meme token, appears to have encountered operational downtime, halting the production of new blocks and affecting its associated services. The outage began unexpectedly, with the network ceasing to validate new transactions for …
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American crypto economy is on the verge of breaking because of the aggressive stance by rules by SEC Chair Gary Gensler and other influential people. These current rules are being opposed and criticized for doing more harm than good by the public, represented by Steven Neyaroff and Mark Cuban. Steven …
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For years, I told myself that I’m not the founder type. Instead, I try to be that strong operator who makes founders’ dreams come true. Perhaps the avoidance of being a founder comes from my Chinese upbringing. As my mother often says: “A gun shoots the first bird that sticks …
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US Presidential candidate Donald Trump showed his support for cryptocurrency at a special event for Trump NFT holders held at his Mar a Lago resort in Florida. Trump voiced concerns about crypto companies leaving the US due to negative attitudes towards cryptocurrency. He emphasized the importance of allowing these companies …
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This highlights Magic Eden‘s growing influence and traders’ and collectors’ evolving preferences. Magic Eden Exceeds Blur’s NFT Volume This development demonstrates Magic Eden’s success and underscores the increasing importance of the Bitcoin ecosystem. According to DappRadar’s April 2024 Dapp Industry Report, Magic Eden’s trading volume exceeded Blur’s by $108 million. …