Anthony Scaramucci, the founder of SkyBridge Capital, has implemented measures to limit client exits from the firm’s crypto-focused hedge fund. This comes despite significant gains in cryptocurrency, which have led to impressive returns for the fund. Investors holding around 70% of the fund’s shares sought to redeem their investments during the most recent redemption period,…
Ethereum staking benchmarks, such as the Composite Ether Staking Rate, are becoming essential tools for operators to measure performance, optimize operations, and gain a competitive edge in the digital asset market. As the CFO of Pier Two, Tom Whitton, highlights, these benchmarks provide a reliable standard for staking service operators, helping them to differentiate their…
Starknet, a Layer-2 network on Ethereum, is poised to open staking on its ecosystem by the end of 2024. The announcement, made by StarkWare’s CEO Eli Ben-Sasson at the Ethereum Community Conference in Brussels, marks a significant milestone in Starknet’s decentralized journey. This article explores the details of the Starknet staking launch, its phased rollout,…
Vitalik Buterin, co-founder of Ethereum, recently delivered a keynote at the Ethereum Community Conference in Brussels. His talk focused on “hardening” the Ethereum blockchain, addressing both its strengths and weaknesses. The discussion provided insights into the current state and future direction of the Ethereum ecosystem, a topic of great importance to the estimated 1,100 attendees.…
Multicoin Capital, a leading U.S. investment firm focused on cryptocurrency, has announced a pledge of up to $1 million to support Senate candidates with favorable views on the crypto industry. The firm plans to back four Republican candidates—Sam Brown in Nevada, David McCormick in Pennsylvania, Bernie Moreno in Ohio, and Tim Sheehy in Montana—through donations…
The value of cryptocurrency stolen in hacks worldwide more than doubled in the first six months of 2024 compared to the same period last year, driven by a few large-scale attacks and increasing crypto prices, according to blockchain researchers at TRM Labs. Surge in Crypto Theft Hackers stole over $1.38 billion worth of cryptocurrency by…
Prices for major cryptocurrencies, as well as shares of Coinbase Global (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR), slumped on Friday as the collapsed crypto exchange Mt. Gox began paying back creditors. Nobuaki Kobayashi, the trustee for the Mt. Gox bankruptcy estate, announced that the estate has “made repayments in Bitcoin and Bitcoin Cash to some of the…
Concerns that the Mt. Gox bankruptcy redemptions will drive down the price of Bitcoin (BTC) are largely unfounded, according to Presto Labs’ Head of Research. However, the scenario could be more bearish for Bitcoin Cash. Market Impact Analysis As Bitcoin’s price continues to dip below $60,000, the market has already seen over $200 million in…
Fears of impending selling pressure from the defunct Mt. Gox exchange and potential miner sales pushed Bitcoin (BTC) under $59,000 on Thursday, marking its lowest level since late April. The anticipation of asset distributions from Mt. Gox, set to begin in July 2024, has contributed to the market’s anxiety. Market Impact and Liquidations Mt. Gox,…
Bitcoin (BTC-USD) slid to a two-month low on Thursday, extending a month-long decline as uncertainty over U.S. presidential elections and reports of bitcoin supply from the defunct Tokyo-based crypto exchange, Mt. Gox, weighed on the market. Bitcoin fell more than 2% to $57,843, its lowest since May 2, and has lost more than 6% so…