Nivesh Rustgi

Correspondent at Cointelegraph Brasil

Electrical Engineer || Aetheist || Learner || Formerly @SIMETRI_Insight, @CointelegraphMT, @decryptmedia

Articles

LayerZero Hit With Hefty Backlash After ‘Frontrunning’ Lido Governance

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.
ETH/BTC ratio makes new yearly lows amid hype over spot Bitcoin ETF approval

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.
dYdX Releases Cosmos-Based Chain Source Code Ahead of Mainnet Launch

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.
Almost All Mining Stocks Have Outpaced Bitcoin This Year

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%.
Bitcoin Sees Lion’s Share of Investment Amid Spot ETF Hype: CoinShares

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.
Vitalik's Biggest Worries? Crypto Stagnating and AI Risks, Says Ethereum Co-Founder

Oct 20, 2023 | decrypt.co | Nivesh Rustgi

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEEver wondered what ’s most worried about for the future of Ethereum?
Vitalik's Biggest Worries? Crypto Stagnating and AI Risks, Says Ethereum Co-Founder

Oct 20, 2023 | flipboard.com | Nivesh Rustgi

1 day agoPeter Thiel has worn many hats over the years: Silicon Valley founder, Trump megadonor, cryptocurrency booster, democracy skeptic. But there is yet another facet to Thiel, one that has remained secret until now: FBI informant. In the summer of 2021, Insider has learned, Thiel began providing …
Maker Annualized Revenue Soars Past $200M to New All-Time High

Oct 19, 2023 | decrypt.co | Nivesh Rustgi

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEStablecoin issuer Maker Protocol’s annualized revenue surged to a new all-time high of $203 million yesterday, according to Makerburn.com data. The previous peak was $172.3 million in May 2021. Maker is a stablecoin issuing platform on Ethereum, governed by the MakerDAO community formed of MKR token holders. The supply of the protocol’s stablecoin, DAI, reached a new yearly high of $5.6 billion, per Makerburn.com data.
BlackRock Amends Bitcoin ETF Prospectus, Acknowledges Fierce Competition

Oct 19, 2023 | decrypt.co | Nivesh Rustgi

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEBlackRock submitted an amended prospectus for its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC) yesterday. Notable changes in BlackRock’s new filing include acknowledgment of the competition in the race for Bitcoin ETF approval, as well as detailed explanations on the product’s pricing and reporting mechanisms.
Aptos Hit With 5-Hour Outage on Blockchain's First Birthday

Oct 18, 2023 | decrypt.co | Nivesh Rustgi

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