Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets.
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‘Trusted seller’ vends fake Trezor wallets stealing crypto: Kaspersky
Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets.
3 reasons why Lido DAO price jumped 40% in a week — Outperforming Bitcoin, Ethereum
The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57, established four days ago.
This impressive double-digit recovery appeared in tandem with other top-ranking crypto assets, including Bitcoin (BTC) and Ether (ETH). However, LDO has greatly outperformed the broader crypto market (TOTAL) that's up only 4.5% since May 12.
LDO/USD daily price returns vs. BTC/USD, ETH/USD, and TOTAL. Source: TradingViewBut what are the reasons why Lido DAO is outperforming the rest of the cryptocurrency market right now? Let's take a closer look at the three biggest factors likely driving up LDO price.
Ethereum depositors' return after Shapella
The LDO price recovery coincides with the net positive inflows into Ethereum's proof-of-stake (PoS) contract in recent days.
Lido DAO is primarily an Ethereum liquid staking platform. It enables users to pool their funds to become validators on Ethereum, thus bypassing the network's requirement of depositing at least 32 ETH.
3 reasons why Lido DAO price jumped 40% in a week — Outperforming Bitcoin, Ethereum
The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57, established four days ago.
This impressive double-digit recovery appeared in tandem with other top-ranking crypto assets, including Bitcoin (BTC) and Ether (ETH). However, LDO has greatly outperformed the broader crypto market (TOTAL), which is up only 4.5% since May 12.
LDO/USD daily price returns vs. BTC/USD, ETH/USD and TOTAL. Source: TradingViewBut what are the reasons why Lido DAO is outperforming the rest of the cryptocurrency market right now? Let’s take a closer look at the three biggest factors likely driving up LDO’s price.
Ether depositors’ return after Shapella
The LDO price recovery coincides with the net positive inflows into Ethereum’s proof-of-stake (PoS) contract in recent days.
Lido DAO is primarily an Ethereum liquid staking platform. It enables users to pool their funds to become validators on Ethereum, thus bypassing the network’s requirement of depositing at least 32 ETH.
Bitcoin Lightning company River raises $35M amid ‘new wave of institutional adoption’
“We’re seeing another wave of Bitcoin interest, largely driven by business and institutional adoption,” says Alex Leishman, River CEO. “It’s not fueled by hype.”
Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
Deluged by NFTs and memecoins, Bitcoin has suddenly become a worse version of Ethereum. There are conflicting ideas about how to fix it.
Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
Deluged by NFTs and memecoins, Bitcoin has suddenly become a worse version of Ethereum. There are conflicting ideas about how to fix it.
Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
The launch of BRC-20 tokens and Ordinals NFTs on Bitcoin has transformed the No. 1 blockchain overnight into a clunkier version of Ethereum.
The core developers and miners who signed off on the network’s Taproot upgrade in November 2021 never envisaged this would be the result. Bitcoin now suffers from many of the same problems that have bedeviled Ethereum for years, including scammy memecoins and shitcoins, NFTs of monkey pictures hogging block space and skyrocketing transaction fees.
The network is even having to deal with incidences of miner extractable value (MEV), whereby miners profit by reordering pending transactions.
Mati Greenspan“I’m kind of upset at myself for not realizing,” says Quantum Economics founder Mati Greenspan, a Bitcoiner since 2013.
“It took these guys starting to hype up JPEGs on Bitcoin until I was like: ‘Oh shit, what did we just do?’” He laughs ruefully.
Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
Deluged by NFTs and memecoins, Bitcoin has suddenly become a worse version of Ethereum. There are conflicting ideas about how to fix it.
Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
Deluged by NFTs and memecoins, Bitcoin has suddenly become a worse version of Ethereum. There are conflicting ideas about how to fix it.
Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
The launch of BRC-20 tokens and Ordinals NFTs on Bitcoin has transformed the No. 1 blockchain overnight into a clunkier version of Ethereum.
The core developers and miners who signed off on the network’s Taproot upgrade in November 2021 never envisaged this would be the result. Bitcoin now suffers from many of the same problems that have bedeviled Ethereum for years, including scammy memecoins and shitcoins, NFTs of monkey pictures hogging block space and skyrocketing transaction fees.
The network is even having to deal with incidences of miner extractable value (MEV), whereby miners profit by reordering pending transactions.
Mati Greenspan“I’m kind of upset at myself for not realizing,” says Quantum Economics founder Mati Greenspan, a Bitcoiner since 2013.
“It took these guys starting to hype up JPEGs on Bitcoin until I was like: ‘Oh shit, what did we just do?’” He laughs ruefully.
Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
The launch of BRC-20 tokens and Ordinals NFTs on Bitcoin has transformed the No. 1 blockchain overnight into a clunkier version of Ethereum.
The core developers and miners who signed off on the network’s Taproot upgrade in November 2021 never envisaged this would be the result. Bitcoin now suffers from many of the same problems that have bedeviled Ethereum for years, including scammy memecoins and shitcoins, NFTs of monkey pictures hogging block space and skyrocketing transaction fees.
The network is even having to deal with incidences of miner extractable value (MEV), whereby miners profit by reordering pending transactions.
Mati Greenspan“I’m kind of upset at myself for not realizing,” says Quantum Economics founder Mati Greenspan, a Bitcoiner since 2013.
“It took these guys starting to hype up JPEGs on Bitcoin until I was like: ‘Oh shit, what did we just do?’” He laughs ruefully.
Libra-related Sui blockchain fixes critical bug that put ‘billions’ at risk
The vulnerability was located in a file that translates human-readable code into machine language for storage.
Community responds to US democrats backing SEC’s crypto authority
A community member expressed their decision to part ways with the party, arguing that the Democrats are playing god with the "future of American innovation."
Bitcoin trader eyes CME gap with $24K BTC price dip target in play
Bitcoin may be in line for a final trip lower before recovery, analysis forecasts, with BTC price still lacking direction.
Bitcoin trader eyes CME gap with $24K BTC price dip target in play
Bitcoin (BTC) surfed $27,000 on May 16 as traders stayed buoyant about upside continuation.
BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView$24,000 BTC price still in play, says trader
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still focusing on the $27,000 mark, having dipped to $26,870 after the daily close.
Still lacking direction, traders hoped the pair would either attempt to exit its narrow range or touch more significant levels up or down.
For popular trader Crypto Ed, potential targets included the “gap” in CME futures created at the weekend.
“It’s really on the lower timeframe where the action is now; higher timeframe is not really exciting,” he summarized in his latest YouTube update on the day.
BlockFi used customer money to buy $30M insurance, creditors claim
BlockFi said last Friday that it might not generate value for creditors by selling its cryptocurrency lending platform.
BlockFi used customer money to buy $30M insurance, creditors claim
BlockFi said last Friday that it might not generate value for creditors by selling its cryptocurrency lending platform.
EU Council approves MiCA for clear crypto regulation
European Union Council finance ministers vote to adopt the continent’s Markets in Crypto-Assets legislation following unanimous approval of new legal frameworks.
Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch.