At TOKEN2049, Ethereum founder Vitalik Buterin shared his journey from his excitement about Bitcoin in 2014 to his vision of crypto as "Digital Concrete." He reflected on Bitcoin's early limitations, such as high fees and inefficiency, contrasting them with Ethereum L2's nearly zero gas fees by 2024. Buterin described the evolution of crypto as moving beyond mere efficiency to become a solid foundation for building an "electronic version of the Castle in the Sky" a blend of seriousness and fun. He even sang a snippet from Hayao Miyazaki's anime "Castle in the Sky" to illustrate his point.

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• 3 jam ago

Swiss stock exchange SIX is considering launching a cryptocurrency trading platform in Europe, aiming to attract traditional investors with a growing interest in digital assets. Bjørn Sibbern, global head of exchanges at SIX Group, noted that cryptocurrencies are increasingly recognized as a legitimate asset class. The proposed platform would facilitate trading in both spot cryptocurrencies and derivatives. With Switzerland’s progressive crypto regulations, SIX hopes to leverage its reputation to create a secure and reliable platform for large investors. This exploration underscores the ongoing trend of traditional financial institutions entering the cryptocurrency space.

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• 8 jam ago

The TON Foundation has teamed up with Curve Finance to enhance stablecoin swaps on The Open Network (TON) blockchain. This partnership will integrate Curve’s Constant Function Market Maker (CFMM) technology, known for minimizing price volatility and slippage during stablecoin trades. By introducing this technology, the project aims to improve the user experience and accessibility of stablecoin trading on TON. An independent team will be selected to develop the project, with Curve Finance founder Michael Egorov advising on its growth. This initiative marks a significant step towards advancing stablecoin trading and increasing adoption of the TON blockchain.

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• 24 jam ago

Circle is set to launch its USDC stablecoin on the Sui network, expanding support to over 15 blockchain networks. The native integration will be powered by the Cross-Chain Transfer Protocol (CCTP), enabling seamless transfers of USDC between different blockchains through burning and minting mechanisms. This launch aims to boost Sui’s usability, security, and interoperability, giving developers and users easy access to USDC, one of the most trusted digital currencies. Launched in 2023, Sui is a layer-1 blockchain designed to optimize the creation of Web3 applications using its Move programming language for parallel transaction execution.

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• 1 hari ago

Bhutan, a small Himalayan kingdom, is now a major Bitcoin player, holding $780 million worth of BTC, equivalent to 13,011 Bitcoins. According to Arkham Intelligence, Bhutan is the fourth-largest government Bitcoin holder, with its substantial stash acquired through eco-friendly mining operations powered by hydropower. The country’s mining efforts, notably supported by Druk Holdings and a partnership with Bitdeer, are set to expand from 100 to 600 megawatts, reinforcing its green mining credentials.

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• 1 hari ago

Binance is set to list three tokens—Neiro (NEIRO), Turbo (TURBO), and Baby Doge (100000BABYDOGE) on September 16, 2024, at 10:00 AM (UTC), with spot trading available for all three tokens. The "Seed" tag will be applied to these tokens, indicating early-stage projects. Following the listing announcement, Baby Doge Coin surged by 40%, the NEIRO/USDT pair skyrocketed by 488%, and Turbo experienced a 7% increase. This listing is expected to attract significant attention from traders and investors.

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• 2 hari ago

Vincent Chok, CEO of First Digital, a crypto custody platform, has called for Hong Kong to speed up its approach to cryptocurrency regulation. In an interview, Chok acknowledged Hong Kong’s current conservative stance on crypto trading regulation, citing investor protection as the key reason. However, he emphasized the need for faster regulatory development to ensure the region stays competitive in the rapidly evolving crypto industry. Chok also highlighted that banks are unlikely to provide digital asset custody services soon, as these services come with risks beyond their comfort zones.

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• 4 hari ago

As of September 13, 2023, the total net asset value of Bitcoin spot ETFs reached $54.306 billion, with a net asset ratio of 4.59%. The largest single-day net inflow was Fidelity ETF FBTC at $102 million, followed by Ark Invest's ARKB at $99.27 million. Total historical net inflows stand at $17.297 billion. Ethereum spot ETFs hold a net asset value of $6.623 billion, with a 2.27% market ratio. Bitwise ETF ETHW led Ethereum inflows with $5.21 million, followed by BlackRock ETF ETHA with $3.67 million.

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• 4 hari ago

Starknet's latest governance vote, conducted on Snapshot X, has approved the implementation of staking for holders of over 20,000 STRK tokens starting Q4 2024. The proposal received 98.94% approval, though only 0.08% of eligible voters participated. The new mechanism aims to balance rewards and inflation. StarkWare also introduced Snapshot X to ensure genuine community participation in governance.

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• 5 hari ago

BlackRock, a $9 trillion asset manager, has highlighted Bitcoin as a hedge against global disorder and geopolitical uncertainty. The firm described Bitcoin as a global monetary alternative as there is a declining trust in governments, banks, and fiat currencies. Following the launch of its Bitcoin ETF, Bitcoin surged to an all-time high of $73,000 in March 2024. BlackRock's Jay Jacobs stated, "it has high volatility and behaves a bit differently than stocks and bonds".

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• 5 hari ago