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Why 2024 Should Be Bitcoin’s Year to Step Away From Politics

Why 2024 Should Be Bitcoin’s Year to Step Away From PoliticsAs the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool or condemning it as a threat to economic stability. […]

Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations

Nigerian Central Bank Affiliate Partners With Blockchain Startup Zone to Boost Payments

Nigerian Central Bank Affiliate Partners With Blockchain Startup Zone to Boost PaymentsThe Nigeria Inter-Bank Settlement System (NIBSS) has partnered with Zone, a decentralized payment infrastructure company, to improve its payment services. NIBSS will use Zone’s blockchain technology to streamline its Payment Terminal Service Aggregation (PTSA) operations. Both NIBSS and Zone believe that blockchain technology can revolutionize the financial sector and enhance regulatory oversight. NIBSS Enhances Payment […]

Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations

EigenLayer’s EigenDA touts 10x cut in data prices

The data availability protocol is also introducing a "free tier."

EigenDA, EigenLayer’s data availability protocol, has cut prices for its service by 10x and introduced a ‘free tier’, according to an Aug. 19 EigenLayer blog post. 

EigenDA is a “data availability layer” operating on EigenLayer’s Ether (ETH) restaking platform designed to reduce the costs of storing and accessing onchain data for Ethereum’s layer-2 scaling chains. The price cut comes as EigenDA is pushing to onboard more layer-2s to its platform, which launched in April.

EigenDA’s mission is to make “reliable, scalable, and secure data availability (‘DA’) abundant,” according to the blog post. “In pursuit of this goal, and enabled by the scalability of its design, EigenDA strives to be the most price-performant DA solution.”

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Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations

Dark DAOs: Vitalik Buterin explores ways to mitigate bribery threats

Proof of Complete Knowledge (PoCK) aims to prevent bribery attacks by ensuring real control over voting keys.

A group of researchers from Cornell University is investigating potential threats that could turn into “dark” voting systems in decentralized autonomous organizations (DAOs). 

This group is formed by Ethereum co-founder Vitalik Buterin and PhD students Mahimna Kelkar, Kushal Babel, Philip Daian and James Austgen. Their work revolves around how to mitigate an imminent threat to decentralization as DAOs go mainstream: unified attacks against protocols through smart contracts bribery.

During the Science of Blockchain Conference held at Columbia University in early August, Cointelegraph spoke with Mahimna Kelkar about the group’s research on proofs of complete knowledge (CK) — a new cryptographic notion they introduced in 2023.

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Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations

New DeFi protocol Nudge aims to unlock hidden value in users’ wallets

Nudge seeks to unleash a new DeFi primitive called Re: allocation Value.

Nudge is launching a new decentralized finance (DeFi) protocol on Ethereum designed to unlock the economic value hidden in users’ wallets, it told Cointelegraph on Aug. 15. 

It aims to create a two-sided marketplace where Web3 protocols pay users incentives — or “Nudges” — to redirect onchain assets, liquidity and engagement.

Nudge will unleash a new DeFi primitive called “Re: allocation Value” that represents the economic value of users’ onchain activities, according to the company.

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Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations

Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’

Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for focusing solely on profit, suggesting this behavior indicates an impending collapse. Schiff also slammed Senator Cynthia Lummis’ bill proposing a U.S. bitcoin reserve, […]

Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations

Whales prepare for next altcoin rally, DeFi is ‘waking up’ — Finance Redefined

Crypto whales are positioning themselves for the next “altcoin season,” while DeFi loans are seeing a resurgence back to 2022 highs.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week.

This week brought renewed crypto interest from large holders, or whales, who are positioning themselves for the next potential altcoin rally through “strong buy walls” for future altcoin demand.

The decentralized finance (DeFi) space is also experiencing a revival, as active DeFi loans have risen to above $13.3 billion, which is a level not seen since 2022.

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Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations

Blockchain and Nation-State Infrastructure: Why Bother?

Blockchain and Nation-State Infrastructure: Why Bother?We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall Street giants into the blockchain space is a double-edged sword. The following is an opinion editorial written by Karel Kubat, Founder of Union Labs. As blockchain enthusiasts, we’ve long championed decentralization, transparency, and democratized access—the 2008 […]

Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations

US Senator Discusses Trump’s Bitcoin Plan and National BTC Stockpile

US Senator Discusses Trump’s Bitcoin Plan and National BTC StockpileU.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes this move will establish credibility for the currency and demonstrate national support for it. Senator Hagerty Discusses Trump’s Bitcoin Strategy U.S. Senator […]

Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations

SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud

SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto FraudThe U.S. Securities and Exchange Commission (SEC) has charged Nader Al-Naji, founder of Bitclout (now Decentralized Social), with running a multi-million-dollar fraudulent crypto scheme. Al-Naji allegedly raised over $257 million through unregistered sales of Bitclout tokens (BTCLT) and used the funds for personal expenses. He attempted to evade regulatory scrutiny by portraying Bitclout as decentralized […]

Bitcoin Falls Below $100K as Crypto Market Sheds $554 Million in Liquidations