Crypto News

Tangible is looking to move past its failed stablecoin after learning the liquidity lesson the hard way.

More than 490,000 individual wallets claimed 420 million starknet (STRK) tokens in the 24 hours after the highly anticipated airdrop went live, with the token's market cap remaining above $1.2 billion.

Liquid restaking protocols based on EigenLayer are offering "point" incentives attached to the vague prospect of future airdrops, but the trend carries risks.

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Liquid restaking protocols are seeing ample demand from users as speculation mounts over potential applications for the Ethereum restaking juggernaut EigenLayer, and the prospects for rewards paid out to early users.

The "Protocol 20" upgrade, which adds support for Ethereum-style smart contracts to the decade-old payments-focused blockchain, had been delayed by three weeks due to precautions after a bug was found.

The U.S. government tagged a number of bitcoin and ether addresses as being tied to the LockBit ransomware group, which was taken down on Monday.

Investment bank Canaccord started research on the stock with a buy rating and C$17 per share price target, implying 30% upside.

Mastercard is working with emerging markets-focused mobile payments app Swoo Pay to offer loyalty rewards in cryptocurrency.