Ethereum-based restaking protocol EigenLayer unveiled the 43-paged whitepaper of its upcoming token EIGEN on Monday, confirming the airdrop and introducing the new mechanisms — “intersubjective” forking and staking. Launching EIGEN token’s prime purpose is to uphold the ecosystem’s Actively Validated Services (AVSs) security. Significantly, the unique and complex mechanisms are
There was no relief in sight for the wider crypto market during the past weekend. The price of Bitcoin saw a further 2.2% decline, dropping below $62,500. At the time of writing, the Bitcoin price managed to climb above the $62,500 threshold and is now trading at $62,983. Similar is
Former Grayscale Investments director Phil Bonello has lately shook up the cryptocurrency world with a slew of comments and forecasts about Bitcoin’s future. Furthermore, he provided comments about the wider cryptocurrency industry. Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall. Among the
As part of its efforts to encourage wider adoption of cryptocurrencies, Bitcoin payments platform Strike has revealed plans to expand its services to clients in Europe. The business announced the expansion to qualified European consumers in a recent announcement. In an effort to bring more people in Europe into the
The recent trading volatility in the crypto industry is evident from the actions of prominent cryptocurrencies. The spike in cryptocurrency prices post the recently concluded Bitcoin Halving event, however, is evidence that investors praised the event. The market is now experiencing a period of Bitcoin halving euphoria, and investors are
The Bitcoin halving could open the door for Bitgert coin to be the next big thing in cryptocurrencies. Its blockchain has much higher speed and efficiency, and substantial investment interests are turning to it. As transaction costs fall, the adoption of Bitgert can bloom in significant numbers. Bitgert can be
Crypto investors are hoping to put resources into projects with worth and utilities. This has brought certain cryptos to the spotlight, owing to the value they offer and growth achieved over time. BEFE Coin is an example of such projects. This is a digital currency that has caught the attention
In crypto investing, Bitcoin and Ethereum have always been the major players in the field. On the other hand, altcoins are emerging as serious contenders with meme coins taking the lead – often driven by hype or social media trends. However, BEFE is doing things differently by capturing experienced investors
Despite a period of relative quiet, the dedicated Shiba Inu (SHIB) community has sustained its token-burning campaign, with periodic contributions helping to bolster the deflationary trend. This ongoing effort involves sending SHIB tokens to a dead or burn wallet, permanently removing them from circulation. An anonymous wallet address initiated one
Analysts are optimistic about the prospects of three cryptocurrencies for 2024—Solana, Bitcoin, and Retik Finance. But are they worthy additions to your investment portfolio? Let’s delve into the analysis and considerations surrounding each of these digital assets. Solana (SOL) Solana (SOL) has garnered significant attention for its robust infrastructure, high
