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Bitcoin infrastructure company Babylon Labs claimed to have developed a system that enables native Bitcoin to be used as collateral for borrowing assets on Ethereum.Babylon Labs co-founder and Stanford University professor David Tse said on Wednesday that the company built a proof-of-concept that allows native Bitcoin to be used “trustlessly” as collateral for loans on Ethereum. The comments follow a white paper release from the company, revealing a Bitcoin trustless vault system that leverages Bitcoin smart contract verification BitVM3 to lock BTC in per-user vaults. Here, withdrawals are gated by proofs of external smart contract state verified on Bitcoin. This system allows…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A robust interest in Ethereum, the second-largest digital asset,  appears to be returning to the market. Several institutional investors, especially corporate treasury firms, are currently accumulating the leading altcoin in light of ongoing market volatility and rapid fluctuations in ETH’s price. Bitmine Resumes Its Strategic Ethereum Buying Spree While the price of Ethereum is experiencing bearish pressure, large treasury companies are doubling down on ETH as they continue to purchase the asset in massive chunks. One of the latest notable ETH buys comes from Bitmine Immersion Technologies…

WEEX is a popular crypto exchange that offers a comprehensive suite of trading services, including spot trading, futures trading with high leverage up to 400x, over-the-counter (OTC) trading, and copy trading. This WEEX Exchange review covers everything you need to know about the exchange, including its best features, security, fees, top WEEX alternatives, and a step-by-step guide on how to use the exchange.WEEX Exchange Review: Quick SummaryCrypto ExchangeWEEXLaunch Year2018FounderStephen Chen (Co-founder)Key Features and Trading OptionsWE-Launch, spot, futures, and margin trading, copy and demo trading. Supported Cryptocurrencies1,000+Global Presence130+ countriesSecurity MeasuresCold wallet, two-factor authentication (2FA), anti-phishing codes, and regular audits.Accepted Payment MethodsCrypto, bank…

Dankrad Feist, a longtime Ethereum developer and researcher at the Ethereum Foundation, announced Friday that he’s joining Tempo, a layer-1 blockchain for payments and stablecoins built by Stripe and Paradigm.Feist said he will remain as a “research adviser” at the Ethereum Foundation to provide input on scaling the layer-1 network, improving user experience (UX), and blobs, a feature of the Ethereum network that frees up blockspace by temporarily storing data. He added:“Tempo’s open-source technology can easily integrate back into Ethereum, benefiting the entire ecosystem. Ethereum and Tempo are strongly aligned, as they are built with the same permissionless ideals in…

In a recent discussion on the Bankless YouTube podcast hosted by David Hoffman, two of the crypto industry’s most respected figures—Tom Lee, the Chairman of BitMine, and Arthur Hayes, founder and former CEO of BitMEX—shared remarkably bullish outlooks for the Ethereum price. Both executives forecasted that Ethereum could soar to $10,000 or higher by year’s end, driven by fundamental growth and shifting market dynamics. Their comments, made after BTC reached new all-time highs above $126,000, have added fresh momentum and optimism that the upcoming Q4 bull rally could center on ETGH.  Ethereum Price Breakout And Roadmap To $10,000 During the…

Key Takeaways Dylan Field is the CEO of Figma, a $28 billion collaborative design startup that went public earlier this year. Field said that rather than cutting jobs because of AI, Figma is growing its team and adding new positions. Figma is hiring for 158 open positions in the U.S. at the time of writing, including an opening for a software engineer of AI infrastructure. Industry leaders, including Amazon CEO Andy Jassy, Nvidia CEO Jensen Huang, and Anthropic CEO Dario Amodei, have recently predicted that AI will soon take over most white-collar jobs — but one tech CEO says they’re…

This November, Bonhams will host a sale of works from the collection of the late actor Gene Hackman, who died in February. Hackman, as ARTnews reported at the time of his death, was a major arts patron in Santa Fe, New Mexico, where he lived, and a painter in his own right. He served as a board member of the Georgia O’Keeffe Museum, spoke at its opening, and narrated a documentary about the artist. Hackman was also, unsurprisingly, an art collector, though little has been reported to date about what works were in the collection of him and his wife,…

North Korean hackers have adopted a method of deploying malware designed to steal crypto and sensitive information by embedding malicious code into smart contracts on public blockchain networks, according to Google’s Threat Intelligence Group.The technique, called “EtherHiding,” emerged in 2023 and is typically used in conjunction with social engineering techniques, such as reaching out to victims with fake employment offers and high-profile interviews, directing users to malicious websites or links, according to Google.Hackers will take control of a legitimate website address through a Loader Script and embed JavaScript code into the website, triggering a separate malicious code package in a…

Dankrad Feist, a prominent researcher at the Ethereum Foundation, is joining Tempo, a Layer-1 blockchain backed by Stripe and Paradigm. Summary Dankrad Feist says he is joining Tempo, a layer 1 project focused on stablecoins backed by Stripe. Feist has been a prominent researcher at Ethereum Foundation, having joined in 2018. He will remain involved with EF as an advisor. Feist, who joined the Ethereum Foundation in 2018, is one of the most prominent developers and researchers at the nonprofit aimed at bolstering development of the Ethereum blockchain. The developer announced his move to join Tempo on Friday, Oct. 17.…

Ethereum (ETH) may be nearing the end of its price correction, as the second-largest cryptocurrency by market cap continues to trade slightly above $4,000, following a strong sell-off last week when it almost crashed to $3,400. Ethereum Price Correction May Be Over  According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum funding rates on Binance crypto exchange have remained positive, despite being in a narrow range. This shows that long positions on ETH still dominate the market. Related Reading ETH funding rates fluctuating normally on Binance – despite the digital asset’s recent extraordinary price appreciation – implies that futures…