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Lido to Sunset Operations on Solana

By Philip Maina 2 weeks agoTue Oct 17 2023 10:24:13 Reading Time: 2 minutes Popular staking platform Lido has decided to halt operations on the Solana blockchain The decision was reached after a community vote Lido blames poor uptake for the move Leading staking platform Lido has announced a decision to sunset its services on the Solana blockchain citing poor uptake from the blockchain’s community. The decision was reached after the Lido DAO was convinced that the staking network wasn’t generating enough funds to keep it afloat on the SOL-powered protocol. Lido said it won’t be onboarding new users from...

Copyright law in the age of AI

Generative AI technology is throwing up new challenges in the area of copyright law. Several court cases are arising that will have to answer the question of what relationship, if any, the content created by huge datasets of copyrighted work has to the creators of those original works. While the courts wrestle with this dilemma, another technology could potentially have the answer: blockchain. Recent innovations in artificial intelligence (AI) are raising as many new questions as they are providing new possibilities, particularly for developers, creators, governments, and lawmakers, not all of whom have a similar stake in the technology. One...

Pro-Bitcoin Presidential Candidate Wants To Save BTC From The White House

Pro-Bitcoin Presidential Candidate Robert F. Kennedy Jr. has, at different times, jumped to the defense of the flagship cryptocurrency, BTC . This time, he promises to protect it if elected as President during the Presidential elections next year. What Kennedy Wants To Do For Bitcoin In an interview , the Presidential Candidate mentioned that he intends to end the “current White House war on Bitcoin.” This statement is in reference to the anti-crypto stance that the government seems to have taken against Bitcoin and other crypto tokens.  It is believed that, instead of implementing policies to promote cryptocurrencies, the government...

Solana On Fire With Over 34% Rally Within A Week – Details

The cryptocurrency industry has demonstrated a strong positive trend throughout the course of the week, with leading cryptocurrencies experiencing substantial increases in their market value. Moreover, the price of Solana (SOL) has exhibited superior performance compared to prominent cryptocurrencies, experiencing a notable increase of more than 34% in value over the course of one week. Solana is a widely recognized Layer-1 network renowned for its scalability. The Solana network is characterized by its rapid confirmation times and has a thriving ecology and community. Over the course of the previous 24-hour period, there has been a notable increase of 15% in...

Bitcoin’s Hope for $35K Dims as BlackRock’s BTC ETF Is Removed from DTCC List

The news that once sent Bitcoin beyond significant resistance levels, pushing its value over $35K, has dissipated following the disappearance of BlackRock’s Bitcoin ETF from the DTCC website. Bitcoin (BTC) experienced a quick decline, dropping over 3% from its position close to $35,000. This downturn was triggered by the elimination of the ticker for BlackRock’s (BLK) spot Bitcoin ETF – IBTC – from the website of the Depository Trust & Clearing Corporation (DTCC). SEC’s Communication With BlackRock The planned bitcoin ETF by BlackRock has unexpectedly vanished from the Depository Trust and Clearing Corporation’s website, where it was previously featured as...

BTC Surpasses YTD High Amid Nasdaq Bitcoin ETF Listing

Bitcoin is up 10% overnight, on the back of institutional interest and approval of a Spot ETF nearing. BlackRock have officially listed their ETF on the Nasdaq, although this does not mean it can be traded or that the SEC has approved their application. Bitcoin has enjoyed a stellar 2023, up nearly 100% since the start of the year. The noise around spot Bitcoin (BTC) ETFs is reaching a fever pitch, with financial giant BlackRock listing its fund on the Nasdaq index. The news follows last week’s mishap, where Cointelegraph tweeted that the SEC had approved BlackRock’s ETF – only...

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. The newest ThunderCore validators include the famous crypto-asset exchange Huobi and one of the earliest staking platforms in the space, MyCointainer. Users of both will now be able to stake ThunderCore’s native asset TT to earn rewards. Unlike proof-of-work (PoW) blockchains like Bitcoin, ThunderCore is an environmentally friendly proof-of-stake (PoS) chain, which means that its consensus mechanism for validating transactions is based on incentivized crypto staking. ThunderCore’s new PoS...

Bitcoiners are stacking ’em up: Inactive BTC supply hits all-time highs

Inactive Bitcoin addresses have hit all-time highs across one-, three- and five-year time domains while BTC outflows from exchanges continue. 8954 Total views 44 Total shares On-chain data suggests that Bitcoin (BTC) holders are accumulating BTC with exchange holdings down to yearly lows and the percentage of inactive BTC supply at all-time highs. According to Glassnode’s Bitcoin supply last active chart, inactive BTC that has not moved from an address for more than one-, three- and five-year time frames has been at all-time highs since July 2023. These metrics are mirrored by Bitcoin analytics from CoinMarketCap, which tracks wallet addresses...

Bitcoin Price Prediction as BTC Breaks $33,000: Is the 'Next Wave' Here?

Bitcoin, once again, is generating buzz as it surges past the $33,000 mark, raising speculations about a possible “next wave” in the cryptocurrency realm. Experts suggest that a potential market shakeup is on the horizon, underscored by a billionaire’s choice to bolster his gold and Bitcoin reserves amidst fears of a significant downturn for the US dollar.  The fervour was further intensified by an erroneous report suggesting the US Securities and Exchange Commission (SEC) had greenlit a Bitcoin ETF, causing a market frenzy that affected even stablecoins like Ethereum and XRP.  Now, with a plausible US Bitcoin spot ETF approval,...

This Bitcoin (BTC) Cycle Is Different: Here Are 5 Reasons Why

The cyclic nature of Bitcoin (BTC) is the subject of much discussion and analysis. The 4-year cycle dictated by the BTC halving event seems to be the dominant narrative in the cryptocurrency sector. Especially since historical price action and investor sentiment have tended to follow a pattern: 2 years of increases, 1 year of decreases, and 1 year of accumulation. However, despite recognizing the importance of rhyming history and the fundamental significance of successive halving, some analysts are trying to highlight the differences. The latest calculation of what makes the current cycle of Bitcoin and other cryptocurrencies different from previous...