Technology

In the dynamic world of cryptocurrency investments, Ethereum-based financial products are gaining notable attention. According to James Seyffarth, a Bloomberg analyst, the demand for Ethereum spot Exchange Traded Funds (ETFs) could potentially rise to represent 25% of the market demand seen by their Bitcoin counterparts. Seyffarth shared his insights during

LayerZero Labs, under the leadership of CEO Bryan Pellegrino, has announced a temporary halt to their 'Sybil Hunting' initiative. The program, designed to root out deceptive participants in their token distribution campaign, encountered an overwhelming number of reports concerning potential 'sybils'—fraudulent entities attempting to manipulate

JPMorgan analysts have recently revised their forecast on the cost of mining Bitcoin following a halving event that reduced block rewards. In their updated report, they now estimate the cost to mine the cryptocurrency at $45,000. This adjustment is a response to ongoing changes in the mining sector and

LayerZero Labs has announced a new initiative to combat fraudulent activity within its network, dubbed the "Sybil Hunter" program. This program is designed to identify and address Sybil attacks—where a user creates multiple accounts to exploit network services unfairly. The announcement comes as the company prepares for

A single Ethereum (ETH) transaction has placed the financial behemoth BlackRock in an unusual spotlight. An unknown entity sent 1 ETH to BlackRock’s cryptocurrency wallet using the controversial mixer service, Tornado Cash, which has been sanctioned by the U.S. Department of the Treasury. This seemingly minor transaction has

LocalMonero, a popular peer-to-peer (P2P) platform for trading Bitcoin and Monero (XMR), has announced its impending closure. This decision marks the end of nearly seven years of operation, a journey that the LocalMonero team described as being curtailed by "a combination of internal and external factors." The process