Crypto news

Social media platform Reddit filed an S-1 registration statement with the Securities and Exchange Commission (SEC) on Thursday, in a bid to go public on the New York Stock Exchange (NYSE). The filing revealed that the company has invested some of its “excess cash reserves” into multiple cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). According to the filing, the company also acquired both ETH and one of the network;s layer 2 tokens, Polygon (MATIC) “as a form of...

TL;DR Analysts are optimistic about XRP’s valuation, predicting significant increases in the near future. Certain regulatory developments, among other factors, could propel a significant price rally. Ripple’s Odds of Hitting $1 Despite increasing significantly during the first half of February, the price of Ripple’s XRP has recently pushed the brakes, currently trading below the $0.55 mark. However, the ongoing trends have not stopped multiple analysts from outlining...

Aave, the popular decentralized lending platform belonging to the company now known as Avara, will have to look for a new company to provide risk management services following its recently announced split with Gauntlet. The decision was announced by Gauntlet co-founder John Morrow on the AAVE forums yesterday evening. Running The Gauntlet According to Morrow, the relationship between his company and the Aave DAO that oversees the protocol has become strained due to...

Tech-focused venture giant Andreessen Horowitz (a16z) has invested $100 million in the Ethereum-based EigenLayer, suggesting that VC funding in crypto may be on course for a revival. As reported by Bloomberg on Thursday, a16z was the sole backer of the funding round, which marks the largest investment ever received in EigenLayer by a wide margin. Restaking With EigenLayer, Explained The next largest investment in the platform was a $50 million raise in March during a funding...

Vitalik Buterin, the co-founder of Ethereum, recently expressed skepticism regarding the prevailing notion of prioritizing simplicity in Layer 1 (L1) blockchains over Layer 2 (L2) solutions. Buterin disclosed that his confidence in simplifying L1s at the expense of more intricate L2s has diminished significantly over the past five years. Bug Risks in L2 Networks Buterin highlighted the dilemma of choosing between the risks associated with bugs in L1 and L2. He stated, “It’s...

[PRESS RELEASE – Please Read Disclaimer] The L3 Summit is a zkLink-initiated event series that educates, amplifies, and shares research about the current status of Layer 3 development from the world’s leading Layer 1 and Layer 2 blockchain protocols. Layer 3s are a third layer built on top of Ethereum Layer 2 Rollups that deliver higher scalability, lower gas costs, and greater app-specific customizability. Layer 3s are poised to lead the future of building interoperable DApp...

[PRESS RELEASE – London, United Kingdom, February 22nd, 2024] Optimism, Gitcoin and ENS DAO Adopt Token Streaming Protocol For Grant and Hackathon Payments Superfluid, the leading asset streaming protocol that brings subscriptions, salaries and rewards to DAOs and crypto-native businesses, today announced a $5.1M strategic round led by Fabric Ventures with participation from Multicoin Capital, IOSG Ventures, Circle Ventures, Safe Foundation, WAGMI Ventures, Eterna Capital,...

Ethereum steigt kurzzeitig über 3.000 US-Dollar Knapp eine Woche nachdem BTC die Marke von 50.000 $ überschritten hat, ist ETH am Dienstag kurzzeitig auf über 3.000 $ gestiegen – ein Stand, der seit 2022 nicht mehr erreicht wurde. Genau wie bei BTC sind die treibenden Kräfte für den Preisanstieg von ETH grundsolide Fundamentaldaten: Es gibt eine stetig steigende Nachfrage sowohl von Privatanlegern als auch von institutionellen Investoren in...

Bitcoin kaufen: Postfinance klärt auf "Was ist Bitcoin überhaupt?" Der Kryptomarkt befindet sich im Aufschwung. Nach über zwei Jahren ist die Kryptoleitwährung Bitcoin wieder über 50’000 Dollar wert und immer mehr Finanzinstitute in der Schweiz nehmen Kryptowährungen in ihr Angebot. Diese Kryptowährungen bietet Postfinance an: Bitcoin Ethereum Aave Cosmos Bitcoin Cash Compound Chainlink Litecoin Polygon Uniswap Tezos Wie die Postfinance angekündigt...

EOS price started a downside correction from the $0.806 zone against the US Dollar. The price is now trading below $0.7650 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.7530 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.770 and $0.7850 resistance levels. EOS price is declining below $0.800 against the US Dollar, like...