NFT News by Thebittimes.Com

Anchorage Digital, an institutional crypto platform, has announced support for native DYDX staking, according to the information shared with Finbold on May 14.  The development allows institutions to stake DYDX directly from their secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USD Coin (USDC). Anchorage Digital crypto services Home of the only federally chartered digital asset bank, Anchorage Digital offers a range of crypto services, including custody and staking.  Picks for you Crypto boom: 1 million new tokens launched in just 30 days 17 mins ago Bitcoin network activity at 5-year low while BTC price is 10x higher 40 mins ago CROSS THE AGES secures $3.5M in equity round led by Animoca Brands 1 hour ago Bitcoin ‘danger zone’ is ‘officially over,’ What’s next for BTC? 2 hours ago Moreover, serving as the preferred partner for crypto innovators, Anchorage Digital has been supporting ethDYD...

28,989,117 out of 30,000 ASI tokens have been staked in the 25% staking reward program. The ASI token grants holders Lifetime memberships, AI Members Club, and community-led governance within the AltSignals ecosystem. Cardano (ADA) plots a descending triangle pattern.  In a groundbreaking move, AltSignals, a prominent player in the trading signals arena since 2017, is revolutionizing its services with the ASI token and ActualizeAI. The ASI token’s presale success and the ongoing ASI staking program have garnered attention, promising exclusive access to cutting-edge AI-driven insights. At the same time, Cardano’s ADA is catching the spotlight, forming bullish patterns that could lead to a 32% rally. Let’s delve into these developments shaping the future of trading. AltSignals (ASI) token and the ActualizeAI Ecosystem At the heart of AltSignals’ AI project is the ASI token, which beyond its role as a financial asset, unlocks a wor...

Chainlink’s early access staking program quickly maxes out, with $632 million in LINK staked, indicating strong community interest. Eligible users staked some 40.8 million Chainlink (LINK) tokens worth an estimated $632 million during the protocol’s early access staking program, signaling strong interest in its v0.2 infrastructure. Stakers filled the allocation within six hours after Chainlink raised its pool limit from 25 million LINK in v0.1 to 45 million under the latest iteration, accounting for 8% of the token’s circulation supply. Chainlink said it would allow general access on Dec. 11, enabling anyone to stake up to 15,000 LINK. This move to provide a revamped staking model is reportedly part of Chain link’ s Economic 2.0 plan. The project said it would expand its ecosystem to new users and reward stakers for on-chain participation.  Specifically, Chainlink Staking enables ecosystem participants, such as node operators and community members, to back the performanc...

Not long after sharing the details regarding the decentralization of the Cardano (ADA) ecosystem, Charles Hoskinson, the founder of its blockchain development firm Input Output Global (IOG), has criticized Ethereum (ETH) plans for staking structure redesign shared by the platform’s co- founder Vitalik Buterin. As it happens, Hoskinson took a jab at Ethereum as he commented on a video of Buterin admitting to the overly centralized nature of current staking on the platform and describing plans to redesign its staking operations in an X post shared by user Stake with Pride on November 24. No worries, Ethereum 3 will have it all sorted! https://t.co/Td0Hm58eic — Charles Hoskinson (@IOHK_Charles) November 24, 2023 Furthermore, responding to the comment noting that he was “fuelling hostility” with Ethereum, Hoskinson refuted such observations, arguing that Vitalik was “rediscovering what we’ve been working on for almost a decade, and it’s like a new revelation,” adding that it...

The initial impact amounted to 20 Ether, worth $31,000, while the validator involved has now been taken offline. Ethereum staking protocol Lido Finance has disclosed its protocol saw 20 slashing events due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes. The incident occurred on Oct. 11 at about 3:30 pm UTC, according to Launchnodes. In an Oct. 11 post on X, Lido said the Launchnodes' validators nodes are now offline, and slashings have ceased while the root cause was being investigated. The slashing took place on the Ethereum blockchain and Lido projected the impact to be around 20 Ether (ETH), worth $31,000, as well as additional penalties while the validator s are offline for troubleshooting, along with inactivity penalties that the validator s will accumulate. 20 slashings have occurred relating to validators operated by the @launchnodes node operators as a part of the Lido protocol. Launchnodes and DAO contributors are in...

DeFi exploits resulted in losses of over $16 million in August. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. In this week’s newsletter, Ethereum staking services have agreed upon a 22% limit on all validators to ensure fair markets. August proved to be another costly month for DeFi as several protocols were collectively exploited for $16 million. In separate exploit news, Balancer protocol lost nearly $900,000 due to a vulnerability flagged months ago. Shibarium’s second launch proved more stable as the layer-2 protocol already has over 100,000 new wallets, and USD Coin (USDC) is set to debut on Coinbase’s layer-2 platform later this week. The DeFi market had another late-week bearish decline due to an overall market fall after news dropped of a delay in the decision on approval of a spot Bitcoin’s spot exchange-traded fund (ETF). Most DeFi tok...

Networks that allow staking implement a Proof of Stake [PoS] consensus mechanism. At the moment, investors can stake several assets, including Ethereum, Cardano, MATIC, Solana, BNB, Tron, Polkadot, Cosmos, Avalanche, etc. According to Staking Rewards, the annual rewards vary in the 2% to 20% bracket for the top 10 assets [by staking market cap]. Dogecoin uses the Proof of Work consensus mechanism to validate transactions on its blockchain. As a result, this asset cannot be staked in the traditional decentralized way. Marshall Hayner, CEO at Metallicus and Co-Founder of FBBT Holdings, recently posted a poll on X [formerly Twitter] asking users if they would stake Dogecoin if that option was available to them. Among the 2,200 people who voted, 60.1% were not in favor of DOGE staking. If Dogecoin was stakeable, would you stake it? $DOGE 🐕 — Marshall Hayner (@MarshallHayner) August 20, 2023 Also Read: Here’s How Litecoin Provides Security to the Dogecoin ...

The first quarter of 2023 saw Bitcoin outperform traditional assets after a 72% quarterly gain in market capitalization. The cryptocurrency ecosystem has enjoyed a buoyant start to the year as Bitcoin (BTC) and decentralized finance (DeFi) protocols surge in market capitalization through the first quarter of 2023. These are the key takeaways from the first quarterly Crypto Industry Report published by CoinGecko on April 18. BTC emerged as the best-performing asset of Q1 2023, with gains of 72.4%, outperforming the likes of the NASDAQ index and Gold which marked 15.7% and 8.4% gains, respectively. The report highlights that all major asset classes saw gains through the first quarter of the year, barring crude oil, which dropped by 6.1%. This decline was attributed to United States inflation data which cited a reduction in oil demand and ill effects of the U.S. banking crisis. Bitcoin has been the best performing asset through the first three months of 2023. Source: CoinGecko 2023 Q1 Cr...

After the SEC’s crack-down on Kraken, Coinbase’s legal head outlined the differences between Kraken’s staking product and its own. The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase's head lawyer. Paul Grewal, Coinbase’s chief legal officer, made the comments in his response to a shareholder question regarding its staking services during a Q&A session on the exchange’s fourth-quarter results, noting: “The staking products that we offer on Coinbase are fundamentally different from the yield products that were described in the reinforcement action against Kraken. The differences matter.” The first point of difference Grewal highlighted was that Coinbase users retain ownership of their cryptocurrencies at all times. In its user agreement last updated Dec. 15, 2022, Coinbase states that it m...

ApeCoin price has rallied 50% in the last three weeks but a sell-the-news event risks wiping out those gains. The multi-week ApeCoin (APE) market rally is nearing exhaustion owing to a mix of technical and fundamental factors. Fundamental — ApeCoin Staking launch  In the past two weeks, APE's price is up over 50% after bottoming at around $2.60. The APE/USD rebound came in line with similar recovery moves elsewhere in the crypto market. But, it outperformed top assets, including Bitcoin (BTC) and Ether (ETH), as traders pinned their hopes on ApeCoin's staking debut. The ApeCoin Staking feature will debut on Dec. 5 at apestake.io, according to its developer Horizon Labs. It will allow users to lock their APE holdings into four Staking pools — ApeCoin pool, BAYC pool, MAYC pool, and Paired pool — that will allow them to earn yield periodically. The feature announcement has resulted in a rise in the APE holders' count, according to data tracked by Dune Analytics. Notably, it...