Year: 2023

Binance Launches Ether-Based Liquid Staking Product WBETH to Rival Liquid Staking Competitors – Altcoins Bitcoin News

Jamie Redman

In an announcement made on April 24, Binance, the cryptocurrency exchange with the largest trade volume, unveiled its latest staking product, wrapped beacon eth (WBETH). This new addition to Binance’s staking solutions is built on the Ethereum network, joining the ranks of other competing liquid staking products such as Lido, Coinbase, Rocket Pool, and Frax. WBETH Emerges as Binance’s New Solution to Ethereum-Based Staking Liquid staking products based on Ethereum have been gaining popularity over the past two years. According to defillama.com metrics, as of this writing, there are over…

Solana adds emissions tracker to boost blockchain’s transparency

Fin Strathern

Layer-1 blockchain network Solana has launched a real-time tracking dashboard with data platform Trycarbonara to measure on-chain carbon emissions. The Solana Foundation, a non-profit dedicated to growing and decentralising the network, said the update makes it the first “major smart-contract blockchain” to provide real-time measures of its carbon emissions. 1/ Today, the Solana Foundation is leading the charge in the climate fight by making Solana one of the first blockchains to have its emissions measured in real time, thanks to a new data portal created with TryCarbonara. Learn more: https://t.co/k4QsZmtjHn…

What’s Next After Bitcoin $BTC Price Retreat

James Rubin

The big story in crypto markets last week was that ether (ETH), turned lower, erasing all price gains notched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain’s highly anticipated Shanghai upgrade. Bitcoin (BTC) reversed course as well, losing its foothold above $30,000 and changing hands around $27,800 around press time. Author: James Rubin Source link

Celsius auction has Gemini and Coinbase as new bidders: Report

Ana Paula Pereira

Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. According to reports and court filings, crypto exchanges Gemini and Coinbase are among the companies participating in the bids.  Court documents show that one of the consortiums is Fahrenheit, backed by venture capital firm Arrington Capital, which is owned by blockchain investor Michael Arrington. Other participants in the consortium are Proof Group Capital Management, former Algorand CEO Steven Kokinos and investment banker Ravi Kaza. Arrington mentioned that Coinbase…

Bitcoin price crawls 2.5% off lows as weekly chart risks ‘bearish engulfing’

William Suberg

Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $26,600 becomes popular BTC price target Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing. Up around 2.5% from the lows set the day prior, the pair remained on traders’ radar as a potential short opportunity into the weekly close. “$26,600 is my target in my short position right now, and being the weekend it…

How is artificial intelligence revolutionizing financial services?

Cointelegraph By Jagjit Singh

The future of AI in finance is exciting, with the potential to improve efficiency, accuracy and customer experience. However, it will be essential for financial institutions to carefully manage the risks and challenges associated with the use of AI. The use of AI in financial services has the potential to significantly improve the sector. Several facets of finance have already been transformed by AI, including fraud detection, risk management, portfolio optimization and customer service. Automating financial decision-making is one area where AI is anticipated to have a large impact in…