Coinbase's cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.
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Consensys Cuts Additional 14% of Staff, Aims to Split
Blockchain software company Consensys let go of an additional chunk of its staff while splitting its focus in two separate directions. Consensys cut its employee base down by 14%, the company announced on Feb. 4, according to a Reuters brief. Headquartered in New York, Consensys has also decided to split the company. Part of the operation will…
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Here’s how the Purpose Bitcoin ETF differs from Grayscale’s GBTC Trust
Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the fund quickly absorbed more than…
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The first-world debt crisis means you can expect more pain ahead
The huge volume of sovereign debt in developed countries (particularly the United States) is often exploited to promote questionable theories about imminent financial collapse.However, the problem is real, and it has become much more acute due to interest rates rising in response to entrenched inflation.The United States paid $475 billion for debt service alone in…
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What are the top metaverse projects besides The Sandbox and Decentraland? | Watch The Market Report live
“The Market Report” with Cointelegraph is live right now. In this week’s show, Cointelegraph’s resident experts discuss what metaverse projects you should keep an eye on besides the obvious choices — namely, The Sandbox and Decentraland. 676 Total views 4 Total shares This week on “The Market Report,” we jump right into our main event.…
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DeFi liquidity protocol adds Consensys-developed zkEVM rollup Linea
The co-founder of the liquidity protocol said the zk roll-up-based scalable solution has the potential to solve the scalability dilemma put forward by Ethereum co-founder Vitalik Buterin. 434 Total views 2 Total shares Amid the growing popularity of zero-knowledge (ZK) proof based layer-2 scalable solution, decentralized finance liquidity protocol Symbiosis has added support for Linea,…
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Whales hoarding Bitcoin: Wallets with 100 or more hit 17-month high
Bitcoin whales have been increasingly active lately, gobbling up more crypto as smaller traders feel the pressure and sell their holdings.
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JP Morgan: Digital Money Foundation Laid, Blockchain In Banking Years Away
A recent report by a Major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years away.A report published by JP Morgan on Feb. 21 suggests that the finance industry is moving beyond blockchain technology.Blockchain in banking still years awayPer the…
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BTC price sets €68K euro all-time high as Bitcoin bulls eye gold next
BTC price strength is already nailing new record highs against major fiat currencies, but gold is now the holy grail for Bitcoin bulls.