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In an exclusive interview, Kannan explains how the hot start of the restaking protocol was unwieldy.The controversy raged and spread rapidly during EigenLayer's first six months.Now, he's talking about lessons learned and what's next for EigenLayer.Within a year of its launch in June 2023, EigenLayer has taken off to the kind of start that any crypto project could have dreamed of.The Ethereum reacquisition venture has raised about $20 billion in user deposits, and its parent company has secured a $100 million investment from VC powerhouse a16z.Even better, the project quickly proved its worth. More than 100 companies have flocked to…

Real Vision analyst Jamie Coutts believes that certain investment trends could be the catalyst that sends Bitcoin (BTC) prices soaring into six digits. Coutts says that increasing adoption of Bitcoin among asset managers could cause the flagship crypto asset to increase by more than 643% of its current value by 2030. “Every time an asset manager chooses BTC over sovereign debt, it reinforces the existing downward trend in asset values. A small shift towards Bitcoin could see its price rise to $500,000 before the end of the decade.” There is a possibility that it will be exceeded.” Coutts believes that…

Jakub Porzycki | NurPhoto (via Getty Images)Two young men accused of the largest person-to-person cryptocurrency theft in U.S. history have bought rare cars, $2 million watches, rented mansions and racked up tabs in the hundreds of thousands of dollars at nightclubs. He continued to waste his money brazenly by running out of money. New court records reveal.An August 18th cyber heist defrauded a Washington, DC resident of $230 million in virtual currency. At least $100 million to date Bitcoin Prosecutors said in a lawsuit recently filed in Washington, D.C., federal court that the body stolen from the victim remains missing.Police…

The biggest story in the crypto industry this year is the approval of the highly successful Spot Bitcoin ETF, which entered the market in January. Almost a year later, these products have helped push the once-fringe cryptocurrency industry into the mainstream and expand global adoption, says a new report from blockchain data analysis firm Chainaries. . The emergence of traditional financial institutions transformed the industry and cemented the United States as the dominant power. “This has only fundamentally changed the landscape in North America, but it has global implications,” said Eric Jardine, head of cybercrime research at Chainalysis. luck. According…

Crypto payment cards have become a popular way for crypto holders to spend their hard-earned satoshis, allowing them to pay with crypto through widely accepted networks such as Visa and Mastercard. It will be.Launched in 2023, the Gnosis Pay Visa debit card is unique among cryptocurrency payment cards. It is self-custodial, giving users full control over their crypto assets, and early users can pay fees-free directly from their blockchain address. As a Visa card, it can be used at over 80 million merchants worldwide.However, while crypto payment cards like Coinbase and Binance require users to store their crypto funds with…

The cryptocurrency market is experiencing exciting times due to market changes and trading movements. Ethereum is facing supply issues due to the plummeting price. Meanwhile, Toncoin's price prediction remains solid. Despite market ups and downs, the increasing supply of stablecoins points to a bright future for Toncoin. In the presale space, BlockDAG (BDAG) is approaching a major milestone of $100 million. Cryptocurrency experts suggest that now may be the best time to buy BDAG coin as its price is likely to rise soon. Early buyers can expect returns of up to 20,000x, highlighting the excitement around BlockDAG. Ethereum faces further…

European Central Bank (ECB) President Christine Lagarde said she does not believe the eurozone is headed for a recession, despite the negative trends seen in recent months. Latest data from September showed annual inflation across the eurozone had fallen to 1.7%, with Ireland recording 0% inflation at the time, the lowest in the eurozone.The ECB's medium-term inflation target is 2%.However, the latest interest rate cut is seen as a way to support the euro zone economy, which has slumped in recent months. Germany, the euro zone's largest economy, is expected to record an economic contraction this year.Lagarde told reporters on…

Your support helps us tell the storyMost polls show this election remains close. In a race this close, reporters are needed on the ground to talk to the people Trump and Harris are courting. Your support allows us to keep sending journalists to this story.The Independent is trusted every month by 27 million Americans from across the political spectrum. Unlike many other quality news organizations, we don't lock you away from our reporting or analysis with a paywall. But quality journalism must still be paid for.Please help us continue to bring these important stories to light. Your support makes all…

The European Central Bank (ECB) has cut interest rates for the third time, marking the first consecutive rate cut in 13 years. The move follows a 25-basis point interest rate cut, reflecting a faster-than-expected decline in inflation and deteriorating economic conditions across the eurozone. Eurozone inflation fell to 1.8% in September, the lowest level since 2021 and below the ECB's 2% target. Even more worrying is the deteriorating economic outlook, particularly in Germany, where the economy is expected to contract for the second year in a row in 2024. This change in ECB policy followed previous predictions that borrowing costs…

As the European Central Bank (ECB) cuts interest rates for the third time this year, Christine Lagarde has warned that a second Trump presidency could pose risks to the euro zone economy. While announcing cuts to borrowing costs, the ECB president warned of potential “downside” risks if Donald Trump wins the US presidential election in November. Today, ECB policymakers cut deposit rates from 3.5% to 3.25%, citing “recent expected downturns” in economic activity in the euro area. Germany, Europe's largest economy, is now facing its second straight recession for the first time in 20 years, according to recent government forecasts.…