Chain News by Thebittimes.Com

Binance Labs has invested an undisclosed amount in Ethereum restaking protocol Puffer. Puffer Finance will use these funds to develop its Layer 2 network and to bring ETH staking and restaking rwards to BNB Chain users. Binance Labs on Monday, January 29, denied claims it had participated in a $15 million funding round for SkyArk Chronicles. Binance Labs, the venture capital and incubation arm of crypto exchange Binance , has made a strategic investment in Puffer Finance, a decentralised liquid restaking protocol on EigenLayer. Although Binance Labs hasn’t disclosed the invested amount, it revealed in its announcement that Puffer will use the investment to develop its open-source technologies.  Today’s announcement comes a day after Binance Labs released a statement distancing itself from claims that it had led a $15 million funding round for gaming platform SkyArk Chronicles. Puffer to use investment on its L2 and restaking rewards One ...

Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain network, has mounted a decent recovery on Thursday in tandem with a more risk-friendly tone to trade in traditional asset classes (US stocks are up and the US dollar is down). ETH/USD was last changing hands in the $1,250 area, up 0.75% in the last 24 hours, according to CoinMarketCap, and is up about 2.5% versus weekly lows in the $1,220 area. ETH down 4.5% versus recent highs. Source: TradingView However, ETH is still trading lower by about 4.5% versus its early weekly highs just above $1,300. Ether bulls have struggled to reclaim control since the abrupt collapse of major cryptocurrency exchange FTX roughly one month ago. Prior to the exchange’s implosion, ETH has been trading in the $1,500-$1,600 area. Since the collapse, rallies back to $1,300 have continually been sold by the market. Data from crypto analytics firm Santiment regarding the realized profit-and-loss of...

Source: AdobeStock / Andrii Yalanskyi Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Exchange news Bitvo announced that its shareholder, Pateno Payments Inc. , has terminated its previously announced acquisition agreement with FTX Canada Inc. and FTX Trading Ltd. , said the press release. Bitvo has no material exposure to FTX or any of its affiliated entities, it added. Binance announced that users can transfer crypto between the exchange and the decentralised Trust Wallet with Binance Pay ’s new integration. When users transfer assets from Binance Funding Wallet to their Trust Wallet accounts, they won’t need to scan/input a wallet address – only click “Deposit from exchange” on Trust Wallet App. There are no extra fees except blockchain gas fees, it said. Bitfinex announced the Bitfinex Freedom Manifesto ...

Vitalik Buterin. Source: a video screenshot, Grand Amphi Théatre / YouTube Ethereum (ETH) co-founder Vitalik Buterin has shared a scam-related concern over Tesla and Twitter chief Elon Musk's blue check system, but said that there may be a solution. On November 1, following statements that a blue checkmark on Twitter for verified users could cost its owners $20 a month, Musk announced that it will be $8 after all. "Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit," he tweeted.  Buterin, however, commented on this announcement, specifically about the potential for scams. How well this new, Musk-developed system would work depends on "exactly how much due diligence is done" to ensure that those behind the blue checkmarks are indeed who they claim to be, he said in a tweet.  That said, there is a 'but'. Buterin followed his statement up with: ""Pay $8/month and call yourse...

Source: AdobeStock / Tada Images Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today&rsquo ;s crypto news. __________ Adoption news Brazil's Nubank announced plans to release its own crypto as part of a new customer rewards program, with a goal to offer customers benefits such as discounts and perks as they accumulate its Nucoins, Reuters reported. The Nucoin digital currency is expected to be launched in the first half of 2023. Investment news Investment giant Fidelity , through its digital assets subsidiary Fidelity Digital Assets , plans to offer institutional users access to Ethereum (ETH) transactions, according to investor Bruce Fenton, who cited a company email to investors. Customers will be able to buy, sell, and transfer the asset from October 28, it said. Exchange news Bitpanda said that it joined forces with digital bank N26 to give its customers access to cry...