EigenLayer AVS ARPA to launch native restaking rewards soon

September 10, 2024
The Last Cryptocurency
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Cointelegraph Feed

It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks.

This article has been updated to correct that GreatPoint Ventures, not General Motors, led the funding round.United States-based blockchain startup Spring Labs has raised $23 million in a Seed A funding round, according to a press release on June 12.Among the investors for this seed A funding round — led by GreatPoint Ventures — were…

Price analysis 7/22: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

In a downtrend, when markets do not respond negatively to bearish news, it is a sign that the selling may have reached exhaustion. Reports of electric vehicle maker Tesla dumping 75% of its Bitcoin (BTC) holdings in the second quarter only caused a minor blip as lower levels attracted strong buying from the bulls.Tesla was…

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Bitfinex database breach 'seems fake,' says CTO

Bitfinex CTO Paolo Ardoino explained that if the hacking group was telling the truth, they would have asked for a ransom, but he "couldn't find any request."

Most of China’s DLT Firms That Closed in 2019 Were Scams or Poorly Planned

Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research.Research sent to Cointelegraph by Chinese market research firm EqualOcean on March 26 suggests that most blockchain-backed Chinese businesses that halted their activity last year had major flaws.Short-lived companiesThe report found over 70 blockchain projects…

NFL player Russell Okung isn’t getting paid in Bitcoin; this is what he’s doing instead

Various news outlets reported that a portion of Okung’s $13 million salary is being paid in BTC. It’s not true. 2690 Total views 12 Total shares National Football League player Russell Okung is a strong proponent of Bitcoin (BTC). And while he may be converting a portion of his salary into BTC, his employer, the…

US SEC Solicits Feedback on Crypto Assets and Custody Rules

The United States Securities and Exchange Commission (SEC) is soliciting industry input as it potentially reconsiders existing custody rules in specific cases of digital asset trading and settlement.The SEC launched its information gathering initiative in an open letter to Karen Barr, president and CEO of the Investment Adviser Association, on March 12.Currently, the Custody Rule…

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