Latest news with #EthereumVirtualMachine
Yahoo
2 days ago
- Business
- Yahoo
Safe Establishes New Development Firm to Attract Institutions and Tackle Crypto's ‘Cyber Warfare' Era
Safe, the popular multiparty crypto wallet previously called Gnosis Safe, has launched a new development unit, Safe Labs, in a move aimed at consolidating its operations and sharpening its product roadmap after it was targeted in February's $1.4 billion ByBit hack — the largest crypto heist to date. The new entity will serve as the core development arm of Safe, which until now had outsourced technical work to a separate development firm, a structure commonly used across the crypto industry, Safe Labs Chief Executive Rahul Rumalla said on Wednesday. Safe Labs will operate directly under the umbrella of the Safe Foundation, a nonprofit organization. In an interview with CoinDesk, Rumalla said the transition reflects a broader strategy shift toward building products that can meet both the ideological standards of cypherpunk culture and the practical demands of enterprise clients. 'This framework that we are forced to operate in — it actually forces you to compromise one over the other: If you want more security, you have to compromise on convenience, and if you want more convenience, you compromise on security,' Rumalla said. 'We at Safe Labs, we step back and we reject this framework. We don't want to operate in this model where we have to compromise one over the other.' According to Rumalla, the ByBit hack was a 'catalyst' for the creation of Safe Labs. While Safe's core smart contracts remained uncompromised, its user-facing web application was infiltrated with malicious code by North Korea's Lazarus Group. That attack enabled the hackers to trick ByBit's CEO into signing off on a transaction that rerouted funds into their control. 'What we saw with an attack like this is that our core values were used against us,' Rumalla said. 'Anonymity, privacy, self-custody, transparency, open source — these were used against us.' Despite the breach, Rumalla said user confidence in the Safe platform remained strong. The application saw 'practically no churn' in the aftermath and continues to process 10% of all transaction volume across Ethereum Virtual Machine (EVM)-compatible networks. 'We're not defending against cyberattacks,' Rumalla said. 'We are defending cyber warfare, and that requires a mindset shift — not just at the project level, not at the company level, but as Ethereum or even crypto as a whole.' The move to formalize internal development echoes similar shifts by other major protocols, including Morpho and Polygon, which have both recently made moves to streamline decision-making and improve accountability with more traditional organizational structures. In parallel, Safe Labs is also refocusing on product design. The team is currently working on a 'V2' version of its wallet, which Rumalla described as more 'opinionated' — meaning bolder product direction, particularly for institutional users. 'What we're going to be launching and testing in the future is a subscription plan, essentially, that's called Safe Pro — or Safe for enterprises, Safe for institutions — very much around that realm,' he said. 'We're going to basically package this opinionated product that's more for the user segments that have higher security needs and more customization appetite.' 'We need to operate at startup speed,' Rumalla added. "That in itself is the premise of why we need to operate as a separate, independent entity. We need to align where we need to align, which is on the mission, but we need to be a bit more independent in terms of how we execute." With more than $60 billion in total value locked and over $1 trillion in historical transaction volume, according to Rumalla, Safe remains one of crypto's most battle-tested self-custody platforms. The team, now roughly 40 strong and based in Berlin, is betting that its next chapter — one that embraces opinionated product design without sacrificing its open-source ethos — will help define how wallets look in a world heading toward a trillion-dollar on-chain economy. "Our mission is simple: making self custody easy and secure," Rumalla said. "That's a win for everybody." 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
2 days ago
- Business
- Yahoo
Crypto software company OneBalance raises $20 million from Cyber Fund and Blockchain Capital
OneBalance, a London-based crypto software company, has raised $20 million in a Series A led by venture capital firms Cyber Fund and Blockchain Capital, the company announced on Wednesday. The round included participation from Mirana Ventures and L2IV and brings the company's total funding to $25 million. OneBalance declined to disclose its valuation in this round. OneBalance, founded in 2024, aims to build software that will make it possible for non-crypto-native software engineers to build applications that use crypto, CEO Stephane Gosselin told Fortune. The company's main product, which launched on Wednesday, is a toolkit—a collection of software tools and libraries—that lets developers integrate into applications the ability to trade memecoins, swap tokens, and facilitate peer-to-peer payments, among other things. 'They [developers] can focus on their product and how to create the user experience, while having a reliable way to do transfers, swaps, and earning yield,' Gosselin said. With an increasing number of non-crypto companies—including Meta and Google—considering integrating stablecoins in some manner, Gosselin says software like his will make it easier for companies to add blockchain technology to their services. 'They don't necessarily know how to be able to execute reliability on-chain, and the last thing they want to do is start to expose a lot of that complexity to their users,' Gosselin said. The toolkit launched with support for Ethereum, Polygon, and other Ethereum Virtual Machine blockchains. OneBalance will introduce support for Solana at the end of this month, the company said. OneBalance will charge a fee for each transaction processed by a platform that integrates the toolkit, Gosselin said. 'We want to make money when our customers make money,' he added. 'If our customers decide to monetize and to do this with us, then we will keep a small fee on top of that.' OneBalance is among a number of crypto companies seeking to make application development simpler. Reown and Privy, for instance, both offer standard developer kits, or SDKs, that aim to make it easier for engineers to integrate crypto wallet functionality into their applications. Another example is Helius, a developer platform focused on eliminating complexities for application engineers trying to build on the Solana blockchain. Gosselin says his company will use the money raised in this round to expand the capabilities of its flagship product by integrating functionality for additional blockchains. This story was originally featured on
Business Upturn
27-05-2025
- Business
- Business Upturn
Introducing Martini Market: A Decentralized Prediction Market on the XRP Ledger
By GlobeNewswire Published on May 28, 2025, 02:50 IST DUBAI, United Arab Emirates, May 27, 2025 (GLOBE NEWSWIRE) — As the XRP Ledger (XRPL) continues its evolution into a robust platform for decentralized finance (DeFi), the emergence of innovative applications is reshaping the landscape. Among these, Martini Market stands out as the first decentralized prediction market built natively on XRPL, offering users a platform to speculate on real-world events with speed, security, and transparency. Why Martini Market Matters Martini Market introduces a novel approach to prediction markets by leveraging the inherent advantages of XRPL: Rapid Settlement: Transactions settle in seconds, ensuring timely execution of bets and payouts. Transactions settle in seconds, ensuring timely execution of bets and payouts. Low Fees: XRPL's efficient design translates to minimal transaction costs, making micro-betting feasible. XRPL's efficient design translates to minimal transaction costs, making micro-betting feasible. Decentralization: Built on a public blockchain, Martini Market operates without intermediaries, enhancing trust and accessibility. These features position Martini Market to serve a global audience interested in forecasting outcomes across various domains from politics and sports to cryptocurrency price movements. The $MRT Token: Powering the Ecosystem Central to Martini Market's functionality is the $MRT token , which serves multiple roles within the platform: Market Creation: Users stake $MRT to propose new prediction markets, ensuring commitment and reducing spam. Users stake $MRT to propose new prediction markets, ensuring commitment and reducing spam. Governance: Token holders participate in decision-making processes, influencing platform developments and policies. Token holders participate in decision-making processes, influencing platform developments and policies. Staking Rewards: By staking $MRT, users can earn a share of platform fees, aligning incentives with the platform's growth. This multifaceted utility fosters an engaged community and promotes the sustainable development of the Martini Market ecosystem. Aligning with XRPL's DeFi Trajectory Martini Market's launch coincides with XRPL's strategic push into institutional DeFi. Recent developments include the introduction of automated market makers (AMMs) and the anticipated deployment of an Ethereum Virtual Machine (EVM) sidechain, enhancing XRPL's programmability and attracting a broader range of decentralized applications. These advancements create a fertile environment for platforms like Martini Market to thrive, offering users innovative financial tools within a secure and scalable infrastructure. Explore Martini Market To learn more about Martini Market and participate in the evolving world of decentralized prediction markets, visit our official channels below. Join us as we build the polyMarket of the XRP Ecosystem. Contact:Picard Beaumont [email protected] Disclaimer: This is a paid post and is provided by Martini Market. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. GlobeNewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. 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Yahoo
23-04-2025
- Business
- Yahoo
China Vows Payback for Nations Backing U.S. Trade Isolation
Bitcoin surged past $88,000 Monday as China vowed to retaliate against US calls for trade isolation and U.S. President Donald Trump explored ways to remove the most powerful banker in the world. Plus, Vitalik Buterim proposes replacing the Ethereum Virtual Machine with RISC-V as Solana briefly flipped Ethereum in total value staked. CoinDesk's Christine Lee hosts "CoinDesk Daily."
Yahoo
21-04-2025
- Business
- Yahoo
Crypto Daybook Americas: Bitcoin Breakout Lifts AI, Memecoins, Underscores Hedge Value
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin's censorship-resistant, decentralized setup empowers individuals by facilitating peer-to-peer transactions without government interference or corporate control. You've probably heard that from a Bitcoin maxi many times. It's an idea that resonates even more strongly today in light of reports that President Donald Trump is exploring ways to remove Jerome Powell, the chair of the Federal Reserve, which is the world's most powerful central bank. National Economic Council Director Kevin Hassett talked about Trump's intentions Friday and markets responded early Monday by selling the dollar and the U.S. stock futures. The Dollar Index, which tracks the currency's exchange rate against major fiat currencies, slipped to a three-year low of 98.00 while gold touched new highs above $3,400 per ounce. Bitcoin rose past $87,000, confirming a bullish breakout from its recent sideways trading between $83,000 and $86,000 to suggest more gains ahead. The uptick saw gaming, AI and memecoins outshine other sectors of the crypto market, with smaller tokens like ENJ and MAGIC chalking out gains in excess of 50% in 24 hours. MANTRA still tanked 15%. "A weaker dollar could draw renewed attention from American investors, highlighting bitcoin's potential as a hedge against declining dollar value," said Matrixport, a crypto financial services platform. On-chain data warned of heightened volatility as prices potentially near the $90,000 mark. "Cost‑basis clusters show little overhead supply below that range, implying the market could advance quickly before a larger tranche of holders reaches break‑even and begins taking profit," analytics firm IntoTheBlock said in a Telegram post. In other news, Charles Shwab CEO Rick Wurster said the financial services firm is 'hopeful and likely to be able' to support spot crypto trading within the next year. Wurster said that more and more clients are seeking information about crypto. Slovenia's Finance Ministry proposed a 25% tax on capital gains on profits from selling cryptocurrencies for fiat or spending tokens for goods and services. The tax is proposed to go into effect from 2026. Vitalik Buterin, a co-founder of the Ethereum blockchain, proposed replacing the Ethereum Virtual Machine (EVM) with RISC-V, an open-source instruction set architecture used to develop custom processors for a variety of applications. Buterin said the proposal address one of Ethereum's key scaling bottlenecks by dramatically improving the efficiency and simplicity of smart contract execution. Speaking of Ethereum, it briefly fell behind its chief rival, Solana network in terms of the total staked value of their respective native tokens, ETH and SOL. Uniswap founder Hayden Adam warned that Ethereum could fall behind Solana if it goes back to relying on the layer 1 bockchain instead of the layer-2 scaling products. In macro news, China said it will retaliate against countries that work with U.S. to isolate Beijing in the trade war started by Trump. Stay alert! Crypto: April 21: Coinbase Derivatives will list XRP futures pending approval by the U.S. Commodity Futures Trading Commission (CFTC). April 25, 1 p.m.: U.S. Securities and Exchange Commission (SEC) Crypto Task Force Roundtable on "Key Considerations for Crypto Custody". April 29, 1:05 a.m.: BNB Chain (BNB) — BSC mainnet hardfork. April 30, 9:30 a.m.: ProShares expects its XRP ETF, offering exposure through futures and swap agreements, to begin trading on NYSE Arca. April 30, 10:03 a.m.: Gnosis Chain (GNO), an Ethereum sister chain, will activate the Pectra hard fork on its mainnet at slot 21,405,696, epoch 1,337,856. Macro April 21-26: World Bank (WB) and the International Monetary Fund (IMF) spring meetings take place in Washington. April 22, 8:30 p.m.: Statistics Canada releases March producer price inflation data. PPI MoM Prev. 0.4% PPI YoY Prev. 4.9% April 22, 6 p.m.: Fed Governor Adriana D. Kugler will deliver a speech titled "Transmission of Monetary Policy." April 23, 8 a.m.: Mexico's National Institute of Statistics and Geography releases retail sales data. Retail Sales MoM Prev. 0.6% Retail Sales YoY Prev. 2.7% April 23, 9:45 a.m.: S&P Global releases (flash) U.S. April purchasing managers' index (PMI) data. Composite PMI Prev. 53.5 Manufacturing PMI Prev. 50.2 Services PMI Est. 52.9 vs. Prev. 54.4 Earnings (Estimates based on FactSet data) April 22: Tesla (TSLA), post-market April 30: Robinhood Markets (HOOD), post-market May 1: Block (XYZ), post-market Governance votes & calls Aave DAO is discussing working with to create a custom Aave market on EVM layer 2 to 'facilitate on-chain credit for everyday payments through the Cash credit card program.' April 23, 9 p.m.: Manta Network to host a townhall meeting with its founders. April 24, 8 a.m.: Alchemy Pay to host an Ask Me Anything (AMA) session on its 2025 roadmap. April 30, 12 p.m.: Helium to host a community call meeting. Unlocks April 22: Metars Genesis (MRS) to unlock 11.87% of its circulating supply worth $127.9 million. April 30: Optimism (OP) to unlock 1.89% of its circulating supply worth $22.78 million. May 1: Sui (SUI) to unlock 2.28% of its circulating supply worth $167.97 million. May 1: ZetaChain (ZETA) to unlock 5.67% of its circulating supply worth $10.57 million. May 2: Ethena (ENA) to unlock 0.73% of its circulating supply worth $12.12 million. Token Launches April 21: Balance (EPT) to be listed on Bitget Bybit, KuCoin, LBank, MEXC, BingX. April 22: Hyperlane to airdrop its HYPER tokens. April 22: BNB to be listed on Kraken. CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. April 22-24: Money20/20 Asia (Bangkok) April 23: Crypto Horizons 2025 (Dubai) April 23-24: Blockchain Forum 2025 (Moscow) April 24: Bitwise's Investor Day for Bitcoin Standard Corporations (New York) April 26: Crypto Vision Conference 2025 (Manilla) April 26-27: Harvard Blockchain in Action Conference (Cambridge, Mass.) April 27: N Crypto Conference 2025 (Kyiv) April 27-30: Web Summit Rio 2025 April 28-29: Blockchain Disrupt 2025 (Dubai) April 28-29: Staking Summit Dubai April 29: El Salvador Digital Assets Summit 2025 (San Salvador) April 29: IFGS 2025 (London) By Shaurya Malwa Bitget, a centralized crypto exchange, will reverse trades and compensate users due to "abnormal trading" in its perpetual futures market for VOXEL, a token linked to the Polygon-based RPG game Voxie Tactics. Early Sunday, VOXEL's trading volume surged past bitcoin's 24-hour volume — with the token's value surging over 300% in a week — despite being only the 723rd-largest cryptocurrency by market cap. An X user claimed six-figure profits from a sub-$100 investment, attributing the surge to a potential bug in Bitget's market-making robot,. The trade rollback will likely erase these gains. Bitget's investigation revealed possible market manipulation by certain accounts, prompting the exchange to activate its risk-control system and plan a trade rollback within 24 hours. Affected users who incurred losses will receive compensation, and Bitget is continuing its investigation. The market-wide futures open interest has climbed to $37.22 billion, the highest since March 24, according to Velo Data. The figure represents open interest in all coins listed on Binance, Bybit, OKX, Deribit and Hyperliquid. ETH is the best performing major token in terms of futures open interest growth, followed by BTC and LINK. Speaking of OI-adjusted cumulative volume delta, ETH also leads the pack with the highest positive reading, implying an influx of buying pressure in the market. On Deribit, BTC and ETH risk reversals for short- and near-dated expiries have flattened out, recovering from the recent persistent negative prints that represented bias for protective put options. BTC is up 3.19% from 4 p.m. ET Sunday at $87,270.44 (24hrs: +3.63%) ETH is up 2.54% at $1,631.90 (24hrs: +3.17%) CoinDesk 20 is up 0.8% at 2,268.01 (24hrs: +3.77%) Ether CESR Composite Staking Rate is up 47 bps at 2.47% BTC funding rate is at 0.0044% (4.776% annualized) on Binance DXY is down 1.11% at 98.26 Gold is up 2.04% at $3,395.65/oz Silver is up 1.12% at $32.89/oz Nikkei 225 closed -1.3% at 34,279.92 Hang Seng closed +1.61% at 21,395.14 FTSE is closed at 8,275.66 Euro Stoxx 50 is closed at 4,935.34 DJIA closed on Thursday -1.33% at 39,142.23 S&P 500 closed +0.13% at 5,282.70 Nasdaq closed -0.13% at 16,286.45 S&P/TSX Composite Index closed +0.36% at 24,192.81 S&P 40 Latin America closed +1.64% at 2,383.75 U.S. 10-year Treasury rate is unchanged at 4.33% E-mini S&P 500 futures are down 1.04% at 5,275.00 E-mini Nasdaq-100 futures are down 1.16% at 18,168.25 E-mini Dow Jones Industrial Average Index futures are down 0.92% at 38,969 BTC Dominance: 64% (0.23%) Ethereum to bitcoin ratio: 0.1873 (0.54%) Hashrate (seven-day moving average): 858 EH/s Hashprice (spot): $45.22 Total Fees: 5.48 BTC / $479,045 CME Futures Open Interest: 141,280 BTC BTC priced in gold: 25.7 oz BTC vs gold market cap: 7.2% Bitcoin's breakout has set the stage for a continued move higher to $90,000. However, trading volume has dipped, suggesting low participation in the price recovery. A low-volume rally often ends up being short-lived. Strategy (MSTR): closed on Thursday at $317.20 (1.78%), up 3.13% at $327.12 in pre-market Coinbase Global (COIN): closed at $175.03 (1.64%) up 1.4% at $177.49 Galaxy Digital Holdings (GLXY): closed at C$15.36 (-1.41%) MARA Holdings (MARA): closed at $12.66 (2.76%), up 2.69% at $13.00 Riot Platforms (RIOT): closed at $6.46 (1.57%), up 2.63% at $6.63 Core Scientific (CORZ): closed at $6.63 (0.61%), down 0.45% at $6.60 CleanSpark (CLSK): closed at $7.51 (3.16%), up 1.86% at $7.65 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $12.04 (1.09%), up 2.41% at $12.33 Semler Scientific (SMLR): closed at $32.49 (4.79%) Exodus Movement (EXOD): closed at $36.58 (-1.64%), up 2.1% at $37.35 U.S. equity markets were closed on Friday. XRP's short- and near-dated risk reversals continue to be priced negative, a sign of persistent demand for put options, which offer downside protection. Pope Francis, Voice for the Poor Who Transformed the Catholic Church, Dies at 88 (CNN): The first Latin American pope died weeks after returning to public life following a life-threatening case of pneumonia. China Vows Retaliation Against Countries That Follow U.S. Calls to Isolate Beijing (CNBC): China said it will respond to U.S. tariff deals that undermine its interests, accusing Washington of "unilateral bullying" and warning it risks returning global trade to "law of the jungle." BNB, SOL, XRP Spike Higher as Bitcoin 'Digital Gold' Narrative Makes a Comeback (CoinDesk): Bitcoin's correlation with U.S. equities appears to be weakening as its price increasingly tracks gold, which has held firm while stocks decline, according to LVRG Research's Nick Ruck. Stablecoin Giant Circle Is Launching a New Payments and Remittance Network (CoinDesk): The fintech firm will unveil a new payments and cross-border remittance product on Tuesday. Over $380M Worth of Crypto Stolen During Bybit's $1.4B Hack Has Gone Dark (CoinDesk): The exchange's CEO said that 27.6% of the funds stolen by the North Korean Lazarus Group "flowed into mixers then through bridges to P2P and OTC platforms." Bitcoin's Breakout Signals BTC Potentially Rallying to $90K-$92K: Technical Analysis (CoinDesk): Bitcoin's price surged past $87,000, breaking out of a week-long consolidation between $83,000 and $86,000. The target range previously served as a strong support zone.
