Nivesh Rustgi

Oct 26, 2023 | decrypt.co | Nivesh Rustgi

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEA bridge too far it seems for LayerZero. After announcing it would integrate a wrapped version of Lido’s ever-popular staked Ethereum token, the team behind the cross-chain protocol was hit with hefty backlash from the Lido community. The wrapped version of stETH is an ERC-20ERC-20 version of the original blend stETH, making it easier to be reused in other applications. Lido Finance is a popular staking protocol.

Oct 24, 2023 | dlnews.com | Nivesh Rustgi

Anticipation of a spot Bitcoin ETF being approved has driven up the price of Bitcoin in the past week. Meanwhile, Ethereum’s lack of a “compelling long-term narrative” and concerns related to Ethereum staking and its implications for the network have moderated its gains. Ethereum’s price in Bitcoin, as tracked by a trading pair called ETHBTC, continues to lose ground amid hype around potential Bitcoin spot ETF approval in the US.

Oct 24, 2023 | decrypt.co | Nivesh Rustgi

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEdYdX Trading, the U.S.-based firm developing the decentralized derivatives exchange dYdX, has released the open-source code for its independent blockchain to the public. Today’s launch marks the initiation of dYdX Chain, a new upgraded version (dYdX V4) of the popular derivatives exchange.

Oct 22, 2023 | decrypt.co | Nivesh Rustgi

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEThe year-to-date returns of all mining stocks, except for two, have far outpaced Bitcoin's rise of 84.61%, per CoinGecko data. The two underperforming mining firms? Argo Blockchain and TeraWulf. Still, the average return of the top eleven public mining companies this year is more than double that of Bitcoin, standing at 148.59%.

Oct 22, 2023 | decrypt.co | Nivesh Rustgi

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEInvestments into institutional crypto products were positive for the fourth consecutive week, according to a new report by CoinShares. Products analyzed in these reports aren’t direct crypto holdings, but rather exchange-traded products that track cryptocurrencies offered by Grayscale, 21shares, and Proshares, among others.